25 Years Expertise

2 lacs + Customers

7500 + Crores Disbursed

Personal Loan APR Starts from 11.99% to max 20% | Loan Tenure from 1 - 5 Years
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In order to find out the various banks you can avail a personal loan from, with simplified form fill the to find the result personal loan eligibility calculator:

Personal Loans with IDBI Bank, Apply In Good Rates

Apply for IDBI bank Personal loan at Lower interest rate:

IDBI offers personalized banking and financial solutions to its customers headquartered in Mumbai, India.. It was incorporated in 1964 to provide credit and financial support to beginner in the Indian Industry. It has a extensive network of 3275 ATMs and 1828 Branches across India.

IDBI offers personal loan to following entities:

  • Salaried people, self employed professionals, pensioners, Salary account with in-built Overdraft facility, Pension Account in built Overdraft facility to pensioners of IDBI Bank Ltd.

Advantages IDBI personal loan:

  • Attractive interest rate
  • Interest is charged on daily reducing balance
  • Personalized service and quick documentation
  • No insurance fees to the borrower for the loan insurance

Eligibility for IDBI personal loan:

  • All IDBI salaried customers maintaining salary account with IDBI Bank, including Pensioners, Family Pensioners from State or Central Government Departments, PSU companies and State, Central Government promoted, sponsored entities

For self employed professional:

  • Institutions promoted and sponsored by State & Central government, the three Armed Services: with or without existing relationship but satisfying the minimum income criteria

Minimum Net Income:

For salaried people:

  • Minimum annual average balance: Rs.20, 000

For self employed professionals:

  • Minimum annual average balance: Rs .25, 000 and Minimum annual business income of Rs.240000 for the last two financial years

Loan eligibility for salaried people:

  • Minimum age: 22 Years
  • Maximum age: should not be above 60 years
  • Pensioners- Family Pensioners:
  • Maximum age Limit: 75 yearss

Loan tenure:

  • Minimum: 12 months
  • Maximum: 60 months

Maximum loan amount:

  • For salaried people:
    • Minimum Rs: 50,000
    • Maximum: Rs: 10, 00,000
  • Pensioners drawing pension, family pension through IDBI bank:
    • Minimum: Rs. 25,000
  • For the employees confirmed from the departments and institutions promoted and sponsored by state and Central Government: Rs 10,000,000

Top up loan:

  • The existing loan account holders after the completion of 12 months and having clear payment track will be eligible for Top up loan facility


  • The borrowers will be covered under free personal accidental insurance cover.

Repayment Norms:

  • In the form of standing instruction only

Personal loan Interest Rate:

  • BR + 4.0...12.75% to 13.75%

Fixed interest Rate

  • Salaried individuals and Self employed professionals who have availed home loan, loan against property, - 12.75%
  • Salaried persons who are not holding the account with IDBI bank and self employed professionals who have liability relationship with the IDBI—13.75%

Processing Fees:

  • 1 % percentage of loan amount plus applicable taxes

Foreclosure charges:

  • Up to six months from the date of disbursal: 2% + applicable fees After the six months the charges are Nil

Insurance Charges:

  • The charges can be waived.

Documents required for IDBI personal loan:

Identity proof:

  • Passport, Voter Id card, driving license, PAN card and photographs

Residence Proof:

  • Ration card, latest phone bill, passport, Voter id containing mailing address.

Income Proof:

  • Last three month pay slips and recent months bank statements
  • Latest pay slip

Documents for self employed people:

  • IT returns for the last 2 years
  • Latest form 16

If you would like to know more about IDBI Personal loan, get in touch with us.