IDBI Personal Loan : 10 मिनट में मिलेगा 5 लाख का लोन, ऐसे करना होगा आवेदन

IDBI Personal Loan: 5 lakh loan will be available in just 10 minutes, this is how to apply

IDBI Personal Loan 2023 :

Hello friends, IDBI Bank Personal Loan is available for personal expenses like wedding, home renovation, children’s education, travel, hospitalisation, medical emergencies, debt consolidation, and other unforeseen circumstances. You can borrow up to Rs. 5 lakhs, starting at 13.59%. The tenure is flexible up to 5 years. The loans are prepaid and foreclosed. Loan schemes are offered to salaried individuals, pensioners and self-employed individuals.

In this post, we will discuss the IDBI Bank personal loan facilities, eligibility criteria, interest rates, types of loan schemes and frequently asked questions.

IDBI Personal Loan 2023: Personal Loan Details

Amount – Rs. Rs 25,000 to Rs 5 lakh

Tenure – 12 months to 60 months

Interest Rate – 13.59%

IDBI Personal Loan 2023: Features

The minimum and maximum loan amount for salaried and SEP borrowers is Rs. 25,000 and Rs. 5 lakhs.

For pensioners, the minimum and maximum loan amount is Rs. 25,000 and Rs 3 lakh respectively.

The tenure is between 12 months and 60 months.

The interest rate is fixed, starting at 13.59%.

Existing borrowers can opt for Top-up loan. For this, they should have a loan for at least 12 months. Also, they have to pay the dues on time.

Processing fee is 1% of the sanctioned loan amount + taxes, subject to a minimum of Rs.

IDBI Personal Loan 2023: Eligibility Criteria

Salaried individuals having Corporate Salary Accounts with the Bank.

Pensioner customers having pension accounts with the Bank.

Self-employed professionals with liability/asset relationships with banks.

Permanent or permanent employees of Central/PSU/State Departments, Listed Companies, Multinational Companies, Reputed Private Limited Companies with or without any existing relationship with Banks.

IDBI Personal Loan 2023: Loan Interest Rates

The Annual Percentage Rate (APR) is 13.59% onwards.

Floating-rate loans are linked to RLLR (Repo Linked Lending Rate).

Currently, for new loans, the RLLR for Structured Retail Asset (SRA) products is 6.90%.

IDBI Personal Loan 2023 : Types of Loan Schemes

Apart from the standard personal loan scheme for salaried individuals, self-employed professionals and pensioners, the bank offers two other products:

1. Salary Account with built-in overdraft facility

Salaried customers who have and maintain a salary account with the bank can avail this product.

The maximum loan amount is up to 5 times the net salary based on the average salary of the last 6 months.

The minimum and maximum age of the applicant is 22 years and 65 years respectively.

The minimum residual service of the employee should be at least 1 year.

The overdraft facility is valid for 2 years, after which it is renewable every two years.

Floating rate of interest is applicable.

The maximum loan amount is up to 5 times the monthly net pension.

There is no foreclosure fee and no processing fee.

The person should be a permanent employee in a Public Limited with continuous service of 1 year. Company, Multinational Company, Private Limited Company, Government / Semi Government / Semi-Government Organization, or Institute of repute.

1. Pension Account with built-in overdraft facility

This product is available to customers who have and maintain a pension account with the bank.

Applicant must not be over 75 years of age at any time this product is active.

Third party guarantee is required for pensioner loans.

The overdraft facility is for 1 year, after which it is renewable every year.

Floating rate of interest is applicable.

There is no foreclosure fee and no processing fee.

Note: Everyone is informed that all the information given above is only for your update. Therefore, for more and accurate information related to this fact, visit the official website / portal.

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