| Particulars |
Salaried |
Self-employed |
| Interest rate |
12.99% yearly for Salaried individuals and Pensioners maintaining pension and salary accounts with IDBI Bank.
13.49% per year for salaried customers who do not maintain salary accounts with the IDBI Bank.
|
13.49% per annum for self employed professionals who have liability relationship with this bank.
|
| Loan Amount |
For people having salary account with IDBI Bank –Maximum: Rs.10 lakhs
Minimum: Rs.50000/-
For Pensioners –Maximum: Rs.5 lakhs, with EMI not exceeding 50% of the last credited pension amount. Minimum: Rs.25000/-
For salaried individual who do not have salary account at this bank –
Minimum: Rs.50000/-
Maximum: Rs.5 lakhs
For employees of the 3 armed forces, State and Central government promoted/sponsored institutions –
Maximum: Rs.10 lakhs.
Minimum: Rs.50000/-
|
Maximum: Rs.5 lakhs
Minimum: Rs.50000/-
|
| Loan Tenure |
Minimum: 1 Year Maximum: 5 Years |
Minimum: 1 Year Maximum: 5 Years |
| Lowest EMI |
NA |
NA |
| Processing Fee |
1% of the loan amount + applicable taxes |
1% of the loan amount + applicable taxes |
| Age |
For salaried:
Min age: 22 years. Max age: 60 years.
For Pensioners:
75 years is the Maximum age limit
|
Min age: 22 years
Max age: 60 years
|
| Prepayment/Foreclosure Charges |
2% of the outstanding loan amount is charged before 6 months
No charges are applied after 6 months
|
No charges are applied after 6 months
2% of the outstanding loan amount is charged before 6 months.
|
