IDBI Personal Loans

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IDBI Personal Loan

Why IDBI Personal Loan ?

  1. Get loan approval up to 15 Lac,depending on the Profile of the customer.
  2. Get quick approval within 72 hours.
  3. NO security or collateral is required.
  4.  Minimum documentation.
  5. Loan tenure from 12 months to 60 months.
  6. Repayment mode can be through post dated checks, electronic clearing services, account debit.
  7. Low interest rates.
  8. Personal loans available for both salaried as well as self employed applicants.


IDBI Personal loan Documents

Documentation for Personal Loan

  1. Photo Identity proof.
  2. 3 month Bank statement.3 month salary slip for salaried along with form 16 if applicable.Last 2 years ITR for self-employed.
  3. Residence proof
  4. Signature Verification
  5. Guarantor (Optional)
  6. 2 Passport size Photographs.

IDBI Personal loan Eligibility

Eligibility for Personal Loan

For Self Employed Persons:

  • Should be from Indian Origin.
  • Age of the applicant should be between 23-65 years.
  • Minimum income of the applicant should be between 2-2.5 Lac.
  • Applicant should have a minimum 3 years working experience.
  • Either Residence or office should be owned by the applicant

         For Salaried:

  • Should be from Indian origin.
  • Age of the applicant should be between 21-60 years.
  • Minimum monthly income of the applicant should be between 15000-20000 Rs.
  • Applicant should have a minimum 3 years overall experience with at least 1 month experience in the current organization.
  • Residence of the applicant should be self-owned or provided by the company or it can be rented also.
* Interest rate can vary as per individual's portfolio.
* All loans repayment period are over 6 months. No short term loans.
* Credit at sole discretion of the Banks we have a tie-up with.
* The Organisation do not charge money from customers.