- 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
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65+Lending Partners
₹65k Cr+Loans Disbursed
Wide Choice
Curated offers from 30+ lenders
Quick Disbursal
Money in your account instantly
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Offers ranked according to eligibility
Digital Process
Hassle-free & paperless

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Principal Amount₹0
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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
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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About IDBI Bank Personal Loan
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
Personal Loan For Self-Employed Professionals
Salary Account with in-built Overdraft Facility
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
Avail Personal Loan for
All Your Needs

Avail Personal Loan for
All Your Needs
Eligibility Criteria for IDBI Bank Personal Loan
For Salaried Applicants
For Self-Employed Professionals
For Salary Account with in-built Overdraft Facility
For Pension Account with in-built Overdraft Facility to Pensioners of IDBI Bank
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
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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
Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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