IDBI Bank provides personal loans to meet various financial requirements of the salary account holders with IDBI Bank.
Highlights
Salaried
Self Employed
Loan Scheme
Personal loan
Personal loan
Loan Type
Term Loan
Term Loan
Loan Amount
Min. - Rs 50000
Max. - Rs 1000000
Min. - Rs 50000
Max. - Rs 500000
Tenure
Min. - 12 months.
Max. - 60 months.
Min. - 12 months.
Max. - 60 months.
Interest Rate
Min. - 14.25 %
Min. - 14.25 %
Time to Process Loan
7 days
7 days
Fees & charges
Fees & charges
Salaried
Self Employed
Processing Fee
1 %
1 %
Comment on Charges
Prepayment / foreclosure if sought before 6 months from disbursal date, a charge @ 2% of the outstanding loan amount is to be levied.
Prepayment / foreclosure if sought before 6 months from disbursal date, a charge @ 2% of the outstanding loan amount is to be levied.
Security
Security
Collateral Security includes Govt. Securities/ Public Sector Bonds/ Units of UTI, NSC, KVP, LIC policy (Surrender Value), Bank Deposit (The minimum value should be at least equivalent of the loan amount sought).