IDBI Bank Personal Loan Interest Rates

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.