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IDBI Bank Personal Loan

IDBI Bank offers personal loan @ 11.00% p.a. onwards for loan amounts of up to Rs 5 lakh and for tenures of 5 years. It also offers part prepayment facility to its personal loan borrowers. The applicants availing IDBI Bank Personal Loans are also offered top-up loans over and above their existing personal loans.

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Find Best Personal Loan Offers

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

About IDBI Bank Personal Loan

  • Interest rate: 11.00%-15.50% p.a.
  • Loan Amount: Rs 25,000-Rs 5 lakh
  • Tenure: 1-5 years
  • Processing Fees: 1% of the loan amount subject to a minimum of Rs 2,500
  • Minimum Salary: Rs 1.8 lakh p.a. for salaried

IDBI Bank Personal Loan Interest Rates

Maximum Interest Rate (fixed rate) 11.00% p.a.
Minimum Interest Rate (fixed rate) 15.50% p.a.

IDBI Bank Personal Loan Processing Fees and Charges

Processing Fee

Personal Loan 1% of the loan amount subject to a minimum Rs 2,500
Salary Account with in-built overdraft facility NIL
Overdraft facility to IDBI Bank pensioners NIL

Know more about the processing fee for personal loans charged by other lenders

Part Payment/Foreclosure Charges

Part Payment
Personal Loan 3% of outstanding loan amount, within 6 months from disbursement
After 6 months: NIL
Maximum part payment allowed: 10% of outstanding loan amount (minimum Rs 10,000)
Part payment allowed maximum 3 times a year with minimum interval of 90 days
Foreclosure
Personal Loan Within 12 months from date of loan disbursement: 3% of outstanding loan amount
Between 12-24 months: 1% of outstanding loan amount
After 24 months: NIL
Salary account with in-built overdraft facility NIL
Overdraft facility to IDBI Bank Pensioners NIL
Penal Interest 2% p.a. on overdue amount and overdue period

Also know about the personal loan prepayment charges levied by top lenders

Other Charges

Copy of Property Documents Rs 225
Document Retrieval Charges- Foreclosure, BT / other closure Rs 2,500
Foreclosure Letter Issuance Rs 500 per instance
Swapping of ECS/ACH or change of repayment mode to ECS/ACH Rs 575
Duplicate Statement Charge Rs 115
Re-issuance of PO/DD Rs 115
Duplicate Certificate/Interest Paid Certificate Rs 150
Copy of credit information from CIBIL Rs 50
Non-collection of original documents after 30 days from loan closure date Rs 1,000
CERSAI Charges Up to Rs 5 lakh- Rs 100
Above Rs 5 lakh- Rs 200
Default in payment through cheques, ECS, or any other allowed payment mode Rs 300

Types of IDBI Bank Personal Loan

Personal Loan For Salaried Applicants

  • Purpose: Personal loan for salaried employees working with State/Central government/PSUs/Departments/MNCs/Listed Companies/Private Limited Companies with or without any relationship with the IDBI bank
  • Loan Amount: Rs 25,000-Rs 5 lakh
  • Tenure: 1-5 years
  • Processing Fee: 1% of loan amount subject to minimum Rs 2,500 + taxes

Personal Loan For Self-Employed Professionals

  • Purpose: Personal loan for self-employed applicants to meet their personal requirements. This loan facility is only available to self-employed professionals having asset and liability relationship with IDBI Bank
  • Loan Amount: Rs 25,000-Rs 5 lakh
  • Tenure: 1-5 years
  • Processing Fee: 1% of loan amount subject to minimum Rs 2,500 + taxes
  • Part Prepayment: 10% of outstanding loan amount subject to minimum Rs 10,000
  •  Foreclosure Charges: Before 12 months of disbursement date- 3% of outstanding loan amount
    1% of outstanding loan amount, if sought after 12 months and before 24 months

Salary Account with in-built Overdraft Facility

  • Purpose: Personal Loan Overdraft facility to individuals having salary accounts with IDBI Bank
  • Loan Amount: Five times of net salary
  • Tenure: Overdraft facility is available for 2 years (can be renewed every 2 years for salary account with IDBI)
  • Processing Fee: NIL
  • Part Payment/Foreclosure Charges: NIL

Top-up Personal Loan

Offered to existing personal loan borrowers of IDBI Bank with clear repayment history of at least 12 months.

Pension Account with in-built Overdraft Facility

  • Purpose: Pension loan with overdraft facility to pensioners having pension account with IDBI Bank
  • Loan Amount: Rs 25,000-Rs 3 lakh
  • Tenure: 1-5 years
  • Processing Fee: 1% of loan amount subject to minimum Rs 2,500 plus taxes
  • Part Prepayment: 10% of outstanding loan amount subject to minimum Rs 10,000
  • Foreclosure Charges: 3% of outstanding loan amount, if sought before 12 months of disbursement date
    After 12 months and before 24 months- 1% of outstanding loan amount
  • Top-up Loan: For loan account holders with at least 12 months and clear repayment history

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Eligibility Criteria for IDBI Bank Personal Loan

For Salaried Applicants

  • Profession: Permanent employees of State/Central/PSUs/Departments/MNCs/Listed Companies/Private Limited Companies with or without existing relationship with the bank
  • The applicants should be salaried and have corporate salary account with IDBI Bank
  • Age: 21- 60 years years
  • Minimum Salary: Rs 1.8 lakh p.a. for salaried

For Self-Employed Professionals

  • Profession: Self-Employed professionals with liability and asset relationship with IDBI Bank
  • Age: 21-60 years
  • Minimum Salary: Rs 3.6 lakh p.a. for self-employed

For Salary Account with in-built Overdraft Facility

  • Profession: Permanent employees of government/semi-government/quasi-government/public limited companies/MNCs/private limited companies/reputed institutions
  • The applicants should be salaried and maintaining salary account with IDBI Bank
  • Age: 22-60 years
  • Minimum Salary: Rs 1.8 lakh p.a. for salaried

For Pension Account with in-built Overdraft Facility to Pensioners of IDBI Bank

  • The applicants should have a pension account with IDBI Bank
  • Age: Not more than 75 years
  • Minimum Salary: Rs 3.6 lakh p.a. for self-employed

IDBI Bank may also consider the credit score of its applicants, just like other lenders do while evaluating their personal loan eligibility.

Documents Required for Loan Application

  • Duly filled application form along with Passport size photographs
  • Photo Identity Proof: A copy of your Aadhaar/PAN/Voter ID/Passport/Driving License etc.
  • Residence Address Proof: A copy of your Electricity Bill (not more than 3 months old) / Passport/ Ration Card
  • Income Proof: A copy of salary account bank statements for the past six months
  • Salary slips for the last 3 months
  • Employment Certificate from your employes
  • Form 16 / acknowledged Income Tax Returns for the last two years
  • Any other document required by IDBI bank

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Idbi Bank Lenders

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What our customers say

Best marketplace to shop for loans

I highly recommend Paisabazaar app to everyone looking out for personal loans. The customer support is so supportive and follows up with you throughout the loan process.

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Shweta SinghNov 13, 2025

Highly recommended platform

I applied for a personal loan for medical emergency through Paisabazaar and got amazing service like nowhere else. The team was extremely cooperative and followed up with me until I had my loan amount in my account. My loan was disbursed within 24 hours. It is indeed an excellent platform for taking loans.

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Sunil YadavOct 29, 2025

Instant loan disbursal

I applied for a personal loan through Paisabazaar and got my loan disbursed in no less than 24 hours. The team was extremely cooperative, guided me through the entire process and followed up with me until I had my loan amount in my account. I highly recommend this platform to everyone looking for an urgent loan.

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Neha JainOct 29, 2025

Excellent platform

Excellent platform for personal loan comparison! Their EMI calculator helped me pick the best tenure & my monthly emi.

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Manish KumarOct 23, 2025

Got personal loan instant

I was a medical emergency &amp; need funds instantly I applied for loan at Paisabazaar &amp; see I have a pre approved offers &amp; apply to it &amp; amount disbursed in 48 hours thanks to paisabazaar teams

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Mansi SharmaOct 17, 2025

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn&#x27;t know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

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Priyanka SharmaOct 15, 2025

Pre-approved offers

I logged in to Paisabazaar app and saw pre-approved offers as per my credit profile from different lenders. I could avail the offer easily and got quick disbursal in as less as 24 hours without any hassle.

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Sunanda MishraSep 28, 2025

Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

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Preeti SinghSep 26, 2025

Cibil kam tha fir bhi loan dila diya

Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

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Pawan SehrawatSep 25, 2025

Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

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Vivaan ShahSep 24, 2025
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