EMI means Equated Monthly Instalment which includes principal and interest. You repay your loan by way of EMIs by giving standing instructions to debit your SB account with us. EMI is recovered every month on a predetermined date.

Along with loan application you need to submit identity and residence proof, latest salary slip, form no.16, last six month’s bank statement. Loan application needs to be complete in all respects, you have to affix a photograph on the application at the provided place in application for the Personal Loan.

Interest is charged at predetermined rate on reducing balances. It is debited to loan account at monthly rests i.e end of every month.

For current rate of interest please contact nearest IDBI Bank branch.

Salaried class individuals having Savings bank account with any of the branch of IDBI Bank can apply for personal loan. Salaried Individuals having saving bank account i.e. liability relation with bank for 3 years or preferred customers having one year banking relation with us.

• Attractive rate of interest.
• Interest is charged on daily reducing balance.
• Personalised Services and Quick documentations.
• No insurance fees to borrower for Loan Insurance.

• Minimum: Rs. 25,000/-
• Maximum: Rs. 5,00,000/- Eligibility is calculated based on Net Adjusted Income(NAI) and Fixed obligations to Income (FOIR) etc. The idea is to afford you an EMI payment without putting a strain on your monthly family expenses.

Repayment Tenure:

• Bullet Salary account holders: 12-36 Months.
• Saving Banking Account with No Salary Credits: 12- 24 Months.

It is always advisable to pay EMI by putting a Mandate / Standing Instructions (SI) to debit of your Salary / Saving bank account with IDBI Bank on a fixed given date predetermined by you.