Under IDBI Personal Loan, you can take a loan from Rs. 25,000 to Rs. 5,00,000. The tenure of this loan is from 12 months to 60 months.
There is a fixed rate of interest for salaried individuals. The processing charge of this loan is 1% of the loan amount, minimum Rs 2500.
IDBI Bank personal loan interest rate starts from 9.50% per annum but IDBI Bank offers many types of personal loans and all have different interest rates.
– Salaried person whose annual income is Rs 1,80,000 can apply.– You can apply online by visiting the official website of the bank or by visiting the nearest bank branch.
– After 6 months of loan, you can make partial payment without any charges.– The applicant can make partial payment up to 3 times in a year at an interval of 90 days.
– You can foreclose a personal loan after 24 months of disbursal.– Existing loan account holder with minimum 12 months
The minimum age of the applicant should be 21 years and the maximum age should be 60 years at the end of the loan.
If you fulfill all the conditions of this loan, then you can apply for it both online and offline. The procedure to apply is given here: