2023 2024 Student Forum > Management Forum > Main Forum

 
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25th September 2017, 01:02 PM
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Join Date: Aug 2012
Re: Types Of Loans Given By IDBI Bank

IDBI Bank is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India. It was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry.

The Interest Rates of the Loan Provided by the IDBI Bank is given below

Home Loan (HL) (plain vanila)
Up to 30 lakhs
(Women(all types of borrower categories) and Salaried - 6M MCLR + 0.00%
Others- 6 Months MCLR + 0.05%

Above 30 lakhs and upto 75 lakhs
Women(all types of borrower categories) and Salaried - 6M MCLR + 0.15%
Others - 6 Months MCLR + 0.20%

Above 75 lakhs
Women(all types of borrower categories) and Salaried - 6M MCLR + 0.25%
Others - 6 Months MCLR + 0.30%

Turnover based Home Loan
All loan Amounts 1 Yr MCLR + 3.20%

Education Loan & Its Variants
Non-Vocational Courses including students who have secured admission under Management Quota
Sanction amount up to Rs.10 lakhs 1 Yr MCLR+0.85%
Sanction amount above Rs. 10 lakhs 1 Yr. MCLR+1.45%

PERSONAL LOAN & ITS VARIANTS
Pension Account with overdraft facility (For retired IDBI Staff) (1 Yr MCLR+1.15%)
Salary / Pension Account with overdraft facility (For others) (1Yr MCLR+3.90%)

AUTO LOAN
Primary Auto Loan
Four wheeler(only for new vehicles) :
Existing customers (at least 3 months relationship ) 9.00%
New customer 9.10%
Two Wheeler(High end bikes as per the product norm) :
Existing customers (at least 3 months relationship) 9.50%
New customer 9.60%


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