IDBI Bank India - Personal Loans
Complete Details
IDBI Bank offers personal loans to help individuals meet their financial needs. Here are the complete details of IDBI Bank's personal loans:
Eligibility Criteria:
- Minimum age of applicant: 21 years
- Maximum age of applicant: 60 years
- Minimum net monthly income required: Rs. 25,000
- Employed or self-employed individuals are eligible
Loan Amount:
Minimum loan amount: Rs. 50,000
Maximum loan amount: Rs. 10,00,000
Tenure:
Loan tenure ranges from 12 to 60 months
Interest Rate:
Interest rates start from 10.75% onwards
Documents Required:
- Proof of identity (Aadhar card, Passport, Driver's License, etc.)
- Proof of address (Utility bills, Aadhar card, Passport, etc.)
- Income proof (Salary slips, bank statements, etc.)
- Passport size photographs
Features:
- Quick approval process
- No collateral required
- Flexible repayment options
- Option to prepay the loan without any additional charges
- Online application process available
For more details, visit the IDBI Bank website.
IDBI Bank Personal Loans - Frequently Asked Questions
What documents are required to apply for a personal loan at IDBI Bank?
Applicants need to submit proof of identity, address, income, and employment, as well as bank statements and passport size photographs.
What is the maximum loan amount that can be availed through IDBI Bank's personal loan?
The maximum loan amount that can be availed depends on various factors such as income, creditworthiness, and loan repayment capacity.
What are the various interest rate options available for personal loans at IDBI Bank?
IDBI Bank offers personal loans at competitive interest rates that are subject to change based on market conditions.
What is the loan repayment tenure for personal loans at IDBI Bank?
The loan repayment tenure for personal loans at IDBI Bank can range from 1 year to 5 years, depending on the borrower's preference and eligibility.
Can I prepay my personal loan at IDBI Bank before the end of the tenure?
Yes, borrowers have the option to prepay their personal loan at IDBI Bank before the end of the tenure, subject to prepayment charges as per the bank's terms and conditions.
