IDBI Bank Rate Of Interest for Personal Loan

Will you provide the interest rates on the personal loans of IDBI Bank?

You want to get the interest rates on personal loans of IDBI Bank. SO I am providing the following information about the personal loan of the bank.

Loan Amount :
Salaried customers maintaining salary accounts with IDBI Bank
Minimum : Rs 25,000/-
Maximum : Rs 5,00,000/-

Salaried customers not maintaining salary accounts with IDBI Bank
Minimum : Rs.25,000/-
ii. Maximum : Twice the amount of AQB maintained by the customer during immediately preceding 3 years;

Minimum Income norms :
Salaried customers maintaining salary accounts with IDBI Bank
Minimum Net Adjusted Income to be Rs. 15,000 p.m.

Salaried customers not maintaining salary accounts with IDBI Bank:
Minimum annual income to be Rs. 5 lakh

Rate of Interest :
Salaried customers maintaining salary accounts with IDBI Bank
with collateral : 15.00%(BR+4.50%)(Fixed)
without collateral : 17.00%(BR+6.50%)(Fixed)

Salaried customers not maintaining salary accounts with IDBI Bank :
with collateral : 16.00%(BR+5.50%)(Fixed)
without collateral : 18.00%(BR+7.50%)(Fixed)

Processing Fees :
1.00% of the loan amount plus applicable service tax

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Answered By StudyChaCha Member

I am a IDBI bank a/c holder. My salary is 30K. My company name is Myoung Shin India Automotive Pvt Ltd. What is the minimum interest you can provide me?

my total salary 85000 and i got lpa emi 35896 my net salary is 70000 after dedection lpa emi i have 35000 salary per monthy.Can I be elegible for personal loan upto 5 lakh may age is 56