Paisabazaar Logo - Compare loans and credit cards

IDBI Bank Personal Loan Pre-closure Charges

iconicon
Get Cashback of 1,000* on Loan Disbursal
Valid till 30th April '26 *T&C Apply
Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.98%

4.5/5

15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
Icon image of Wide Choice

Wide Choice

Curated offers from 30+ lenders

Icon image of Quick Disbursal

Quick Disbursal

Money in your account instantly

Icon image of SmartMatch

SmartMatch

Offers ranked according to eligibility

Icon image of Digital Process

Digital Process

Hassle-free & paperless

Find Best Personal Loan Offers

Sort by:

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%
Why Choose Paisabazaar?
image of Compare & Choose the <strong>Best Offer</strong>

Compare & Choose the Best Offer

image of Pre-approved Offers with <strong>Instant Disbursals</strong>

Pre-approved Offers with Instant Disbursals

image of Know Your <strong>Chances of Approval</strong>

Know Your Chances of Approval

image of End-to-End <strong>Digital Process</strong>

End-to-End Digital Process

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

IDBI Bank Personal Loan Pre-closure Charges

IDBI Bank provides personal loans to salaried individuals, professionals, non-professionals and pensioners to meet unexpected cash emergencies, or to meet other expenses such marriage, renovation of house, travel, medical emergency, etc.

Personal loans are available to salaried individuals and pensioners who have a salary account and a pension account with IDBI Bank and an in-built overdraft facility. In addition, the bank also provides loans to employees of central and state government departments, public sector companies, multinationals and those employed with reputed listed companies. The latter category may or may not have a banking relationship with the bank.

For the salaried class, the income loan eligibility criteria is a minimum annual income of Rs 1.8 lakh, for professionals Rs 3.6 lakh and for non-professionals the minimum annual income is Rs 5 lakh. The minimum age is 21 years and maximum is 60 years while for pensioners the maximum age is 75 years. For pensioners the bank requires a third-party guarantee as well.

The tenure of the loan varies from a year to 60 months. Salaried individuals, professionals and non-professionals are eligible for loan amounts ranging from Rs 50,000 to Rs 10 lakh, while pensioners can get loans from Rs 25,000 to Rs 5 lakh. Also, personal loans borrowers are covered under a free personal accident insurance policy.

Personal Loan Charges

The average annual interest rate applicable on personal loans is 13.59%. The table below gives a detailed break-up of interest charged category-wise

Credit Vision Score Applicants Having Salary/Payroll/Pension Accounts with IDBI Bank Employees of Central/State Government/ Public Sector Undertaking/ MNCs Not Having Payroll/Salary Account with IDBI Bank All Other Salaried Individuals Self-employed Professionals (SEP) Having Asset/Liability Relationship with IDBI Bank Self-employed Non-Professionals (SENP) Having Asset/Liability Relationship with IDBI Bank
801 &above 9.50% 10% 12% 12.25% 12.50%
776 to 800 9.75% 10.25% 12.25% 12.75% 13%
740 to 775 10.75% 11.25% 13.25% 13.75% 14%
700 to 739 11.75% N.A. N.A. N.A. N.A.
-1 10.75% N.A. N.A. N.A. N.A.

Note: Discount of 50 bps applicable on the above slabs for home loan & loan against property borrowers with clear repayment track in last 2 years (Not available for Pre-EMI cases), subject to a minimum rate of interest of 9.50% p.a.

  • IDBI Personal Loan: Salary Account with In-built Overdraft facility

The interest rate for this personal loan variant is floating in nature, that is, linked to Repo Linked Lending Rate (RLLR). It starts from 10.90%.

  • IDBI Personal Loan: Pension Account with In-built Overdraft facility to Pensioners of IDBI Bank Ltd

The interest rate for this personal loan variant is also floating in nature and starts from 8.15%. Please note that this is applicable for retired IDBI staff only.

Individuals with CIBIL score below 700, will not be considered for personal loans.

What is personal loan foreclosure charge?

IDBI Bank charges individuals if they want to close out the personal loans by making the full payment at a date earlier than the loan tenor. This is called foreclosure or prepayment charge. Foreclosure can also be in the form of part payment of loan before the due date. There are penalties involved in foreclosures.

Personal Foreclosure Charges for IDBI Bank

IDBI Bank allows foreclosure without any charges after six months of disbursement of the loan. However, individuals who want to close out the loan within 6 months will have to pay 2% of the outstanding loan amount as foreclosure charge.

IDBI Bank also allows part-prepayment of loans before the end of the maturity period, on the condition that no further personal loans will be provided to that particular borrower for 12 months from the time of prepayment. In all cases, the borrower should have paid at least one instalment amount (EMI).

Avail Personal Loan for
All Your Needs

Avail Personal Loan Banner

Avail Personal Loan for
All Your Needs

Conclusion

IDBI Bank provides easy and convenient personal loans to those needing them. Most of the loans are advanced on the basis of specified CIBIL scores, to which the interest rates charged are pegged. The rates provided are competitive and among the lowest in the industry. The bank has made it easy for people to apply for loans and take them while foreclosure and prepayment charges are among the least stringent in the industry.

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

quotes icon

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.

icon image of avatar
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.

icon image of avatar
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.

icon image of avatar
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

icon image of avatar
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.

icon image of avatar
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.

icon image of avatar
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

icon image of avatar
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.

icon image of avatar
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.

icon image of avatar
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.

icon image of avatar
Anuradha GuptaJan 21, 2026
View All Testimonials
Vandana Punj profile
Written ByLinkedIn icon
Vandana Punj
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners

*Applicable for selected customers

Knapsack with coins

Check Best Personal Loan Offers
with Quick Disbursal

Scroll to top