IDBI Bank Personal loan interest rate

Want to know about the IDBI bank Personal Loan feature and its interest rate??

[Pathak]

IDBI Bank personal loan is beneficial for common people now to make their dreams into reality. The loans are both for salaried and Professionals.

IDBI Bank offers for personal loan

Loan up to Rs.10 lakhs
No collateral/security
The Loan tenure is 1 yr – 5 yrs.
Loan amount = Rs. 50,000 - Rs.1000000.
Attractive personal loan Rate
Repayment period up to 60 months
Low Processing Fees & Documentation Charges
Faster Approval & Minimum Documentation

A Loan is mainly designed to meet various financial requirements of the salary account holders with IDBI Bank.

Loan Amount:

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

Minimum Net Salary:

Based on the classification of cities the minimum net salary ranges from Rs. 15,000 to Rs. 25, 000

Rate of Interest:

With Collateral Security: 15.25%p.a.(BR+4.50%)(Fixed)
Without Collateral Security:17.25%p.a (BR+6.50%)(Fixed)

Can you tell me in detail about the IDBI Bank Personal Loan Interest Rate as I want to apply for a loan in the Bank?

[Quick Sam]

IDBI Bank’s Personal Loan is awarded for a marriage in family, renovation of house, meeting urgent educational / hospitalization expenses or travel abroad. At times, personal Loan comes handy while arranging for Earnest Money to apply for a Plot / House, or to manage Margin Money funding to avail of a Home Loan / Loan against Property.

Personal Loan from IDBI Bank is targeted to the salaried Individuals and Self Employed Professionals (SEPs)

Following are the variants of Personal Loan:
Personal loan to Salaried Individuals & Self Employed Professionals (SEPs)
Salary Account with In-built Overdraft facility
Salary Account with in-built Overdraft facility to Pensioners of IDBI Bank Ltd.

IDBI Bank Personal Loan Interest Rate