Features And Advantages

Eligibility

All salaried customer having corporate salary account account with IDBI BankI. All Confirmed/permanent employees of State/Central/ PSU/ Departments, Multi National Companies, Listed Companies, Reputed Pvt Ltd Companies with or without existing relationship with IDBI Bank. All pensioners having account with IDBI Bank.

Minimum salary/Pension

• Rs. 1,80,000/- Per Annum for Salaried Class/Pensioner

Age

• For salaried:
  • Minimum Age : 21 Years
  • Maximum age at termination of loan should not be above 60 years or date of retirement, whichever is earlier.
• For pensioners:
  • Minimum Age: At the start of pension
  • Maximum Age: 75 years at the termination of loan

Loan Tenure

• Minimum : 12 months
• Maximum : 60 months

Loan Amount

• Minimum Amount : Rs. 25,000/-
• Maximum Amount : Rs. 3,00,000/- (Pensioner) / Rs. 5,00,000/- (Salaried)

Interest Type

• Fixed Rate

Processing Fee

• 1 % of the loan amount subject to minimum Rs.2500/- plus applicable taxes.

Part Payment/Foreclosure Charges

• Foreclosure:
  • Within Twelve months from the disbursement date:2% of the outstanding loan amount
  • Between 12 months to 24 months from disbursement date:1% of the outstanding loan amount
  • After 24 months : Nil
• Part payment:
  • Within Six months from the disbursement :2% of the outstanding loan amount
  • After Six months of disbursement: Nil
  • Maximum part payment allowed is 10 % of the outstanding loan amount subject to minimum of Rs. 10,000/-
  • Part payment allowed maximum 3 times in a year with minimum interval of 90 days.

Top Up Loan

• The existing loan account holders with minimum 12 months and with clear repayment track record will be eligible for top up loan facility.

Features And Advantages

Eligibility

Self Employed Professional having Asset/Liability relationship with IDBI Bank.

Minimum Income

• Rs. 3,60,000/- Per Annum

Age

• Minimum Age : 25 Years
• Maximum age at termination of loan should not be above 65 years

Loan Tenure

• Minimum : 12 months
• Maximum : 60 months

Loan Amount

• Minimum Amount : Rs. 25,000/-
• Maximum Amount : Rs. 5,00,000/-

Interest Type

• Fixed

Processing Fee

• 1 % of the loan amount subject to minimum Rs.2500/- plus applicable taxes.

Part Payment/Foreclosure Charges

• Foreclosure:
  • Within Twelve months from the disbursement date:2% of the outstanding loan amount
  • Between 12 months to 24 months from disbursement date:1% of the outstanding loan amount
  • After 24 months : Nil
• Part payment:
  • Within Six months from the disbursement :2% of the outstanding loan amount
  • After Six months of disbursement: Nil
  • Maximum part payment allowed is 10 % of the outstanding loan amount subject to minimum of Rs. 10,000/-
  • Part payment allowed maximum 3 times in a year with minimum interval of 90 days.

Top Up Loan

• The existing loan account holders with minimum 12 months and with clear repayment track record will be eligible for top up loan facility.

Features And Advantages

Eligibility

Self Employed Non Professional having Asset/Liability relationship with IDBI Bank.

Minimum Income

• Rs. 5,00,000/- Per Annum for Self Employed Non Professionals

Age

• Minimum Age : 21 Years
• Maximum age at termination of loan should not be above 65 years

Loan Tenure

• Minimum : 12 months
• Maximum : 60 months

Loan Amount

• Minimum Amount : Rs. 25,000/-
• Maximum Amount : Rs. 5,00,000/-

Interest Type

• Fixed

Processing Fee

• 1 % of the loan amount subject to minimum Rs.2500/- plus applicable taxes.

Part Payment/Foreclosure Charges

• Foreclosure:
  • Within Twelve months from the disbursement date:2% of the outstanding loan amount
  • Between 12 months to 24 months from disbursement date:1% of the outstanding loan amount
  • After 24 months : Nil
• Part payment:
  • Within Six months from the disbursement :2% of the outstanding loan amount
  • After Six months of disbursement: Nil
  • Maximum part payment allowed is 10 % of the outstanding loan amount subject to minimum of Rs. 10,000/-
  • Part payment allowed maximum 3 times in a year with minimum interval of 90 days.

Top Up Loan

• The existing loan account holders with minimum 12 months and with clear repayment track record will be eligible for top up loan facility.

Features And Advantages

Eligibility

Permanent Employee, with a minimum one year of continuous service of the below mentioned Organizations /Companies : PSUs/Govt./Semi-Govt./Quasi Govt, Public Ltd Co, Private Ltd Co, Multinational Co, Reputed Institutions. This type of Personal Loan is available to Salaried customers maintaining salary account with IDBI Bank.

Minimum Salary

• Rs. 1,80,000/- Per Annum for Salaried Class

Age

• Minimum Age : 22 Years
• Maximum age 65 Years at loan maturity or retirement age whichever is earlier.

Loan Tenure

• The overdraft facility would be valid for 2 years; renewable every two years

Loan Amount

• Upto Five times of net salary (based on previous six months average salary)

Interest Type

• Floating

Processing Fee

• Nil

Part Payment/Foreclosure Charges

• No Part Payment or Foreclosure Charges

Features And Advantages

Eligibility

This facility is extended to customers maintaining their pension account with IDBI Bank Ltd.

Minimum Income

• Rs. 1,80,000/- Per Annum

Age

• Minimum age: At the start of pension.
• Maximum: Should not exceed 75 Years at the time of loan maturity.

Loan Tenure

• OD valid for 1 year and thereafter renewable every year

Loan Amount

• Upto five times of net income

Interest Type

• Floating rate of Interest

Processing Fee

• Nil

Part Payment/Foreclosure Charges

• No Part Payment or Foreclosure Charges

Note

Third- party Guarantee required for Personal Loans to Pensioners