IDBI Personal Loan

A Loan designed to meet various personal requirements of the salary holders with IDBI Bank Ltd.

Loan Amount 

• Minimum : Rs. 25000  
• Maximum : Rs. 500000
  (Based on the classification of cities)

Minimum Net Salary

• Minimum : Rs. 15000  
• Maximum : Rs. 25000
  (Based on the classification of  cities)

Prepayment Charges : Nil

Tenor :

• Minimum 12 Months
• Maximum: 36 months

Rate of Interest :

• With Collateral Security:
  13% (Fixed) p.a.

        Collateral Security means:
       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).

• Without Collateral Security:
  15% (fixed) p.a.