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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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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 Fee6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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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

Apply Now

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

Apply Now

Avail Personal Loan for
All Your Needs

Avail Personal Loan Banner

Avail Personal Loan for
All Your Needs

FAQs

Can I choose between fixed and floating rates for personal loans?

IDBI Bank offers personal loans at fixed rates only. Hence, the applicants cannot choose between the two

At what minimum credit score can the applicants avail IDBI personal loans

IDBI Bank has not mentioned any specific cut-off credit score for its personal loan applicants. However, applicants having credit score of 750 and above usually have higher chances of availing personal loans at lower interest rates

How can the applicants repay their personal loans availed from IDBI Bank

The personal loan applicants can repay their EMIs by putting a mandate/Standing Instruction to debit of the salary/savings bank account with IDBI on a fixed date predetermined by the applicant

I am a self-employed professional not having a savings/loan account with IDBI Bank. Can I avail IDBI personal loans

No, self-employed professional not having a savings/loan account with IDBI Bank cannot avail personal loan from IDBI Bank because IDBI offers personal loans to self-employed professionals having asset/liability relationship with the bank

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What our customers say

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026
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