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IDBI Personal Loan – an Exceptional Lender Offering Quick Loan

IDBI Personal Loan – an Exceptional Lender Offering Quick Loan

IDBI Bank is one to the top banks in India. It has more than 1800 branches and approx. 3500 ATMs around country. Therefore, when we talk about IDBI Bank personal loan, we know it is going to be good since the bank is a trustable entity.  

If you are seeking an instant loan, this lender could be a wise choice. However, as always, it is essential to know the details before you apply.  

IDBI Bank Personal Loan 

IDBI Bank personal loan aims to resolve any financial issue you might have. It could hospital bill, home renovation, education fee, etc. It has low interest rate and charges.  

  • IDBI bank offer loan amount from Rs 25,000 to Rs 10 lakhs.  

  • The interest rate is between 9.65% and 14% per annum. 

  • The processing fee is 1% of the loan amount.  

  • The foreclosure charge is 2% of the outstanding loan amount depending upon the disbursal timeline.  

  • The loan tenure is from 1 year to 5 years.  

IDBI Bank Personal Loan Eligibility Criteria 

The eligibility criteria of IDBI Bank personal loan varies for salaried individuals and self-employed professionals.  

For salaried individuals 

  • The age should be from 21 year to 60 years at the loan closure time.  

  • For pensioners, the maximum age limit is 75 years at the date of loan amount maturity.  

  • The minimum income should be at least Rs 1.80 lakhs  P.A 

  • A borrower should be a salaried individual working in a private or public company.  

  • The personal loan will be covered with a free personal accident insurance policy.  

For self-employed professional 

  • The age requirement is from 21 year to 60 years.  

  • The minimum annual requirement is from 3.60 lakh to 5 lakh per annum to be eligible for IDBI Bank personal loan. 

For overdraft facility  

  • The person age should be from 22 year to 58 years. 

  • For IDBI Pensioners, the age should exceed 75 years.  

  • The person should have a salary account with IDBI Bank.  

  • The person should be working in a central, state or private organization.  

  • The maximum limit amount is five times of previous 6 months average salary.  

** This is the basic criteria for IDBI Bank personal loan. Now, if you are not sure regarding it, use the IDBI Bank personal loan eligibility calculator. The calculator is available on  

The Documents Required for IDBI Bank Personal Loan 

Here are the documents you will need to submit when applying for IDBI Bank personal loan.  

For salaried employees 

  • Identity proof – Aadhar card, Voter ID card, PAN card, Driving license 

  • Address proof – Leave & License agreement, ration card, electricity bill, passport 

  • Income proof – Bank statement for the last 6 months 

  • Salary slips for the last 3 months 

  • Credit info 

  • Form 16 

  • Employment certificate showing continuous  

For self-employed professionals 

  • Proof of identity – Voter ID card, PAN Card, Aadhar card, Driving license 

  • Proof of address – Rent agreement, ration card, Utility bill, passport 

  • Credit information 

  • Qualification degree 

  • Financial statements – ITRs for the last 2 years, P/L & B/L statement 

  • Bank statement for the last 6 months 

  • Business continuation proof 

  • Latest form 16  

How to apply for IDBI Bank personal loan?  

To apply for IDBI Bank personal loan you can head to It is an online financial site for personal loans. Start by signing up on it. From there follow the steps. Once you have applied, checking the IDBI Bank personal loan status is also easy.  

Open the website look for track application status. There, enter the require details to see the latest status.  


IDBI Bank personal loan is exception lender as we can see how it laid the details for the loan. The loan amount is good with a lower interest rate and other charges. As a borrower, you are indeed getting a good deal.

Author Biography.

Amir Azam
Amir Azam

Content Writer

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