What is the Interest Rate of Personal Loan in IDBI Bank?

As far as I know, the IDBI personal loan interest rate starts at 11% per annum. However, it depends on various factors, such as the applicant\'s credit score, income level, and repayment tenure. It can also vary based on the type of personal loan you take, like a loan for salaried individuals or pensioners, self-employed non-professionals, and so on.

What is IDBI Bank Personal Loan Interest Rate?

The interest rate for personal loan in IDBI ranges from 11% to 15.50% p.a. For salaried individuals, it is 13.35%. The exact rate is determined after assessing the borrower\'s profile, including their financial stability and creditworthiness​.

1. The loan amounts available vary from Rs.25,000 to 5 lakh, and the tenure can range from 12 to 60 months, offering flexibility to borrowers. 

2. IDBI Bank charges a processing fee of 1% of the loan amount, with a minimum fee of Rs.2,500 plus applicable taxes.

3. For foreclosure, fees depend on the timing, like, 2% if closed within 12 months, 1% if closed between 12-24 months, and no charges for closures beyond 24 months​.

These loans are ideal for salaried individuals, self-employed professionals, and pensioners who meet the bank\'s eligibility criteria. I would suggest you better reach out to the bank to get the exact rate. This is the personal loan interest rate IDBI Bank.

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What is the Process of IDBI Bank Personal Loan Apply Online

My sister recently availed of a personal loan from IDBI Bank, to finance the education of her son. Personal loan interest rate IDBI Bank is charged at a predetermined rate on reducing balances and is debited to the loan account at monthly intervals, i.e., at the end of every month.

What are the IDBI Bank Interest Rates on Personal Loans?

According to my sister, the fixed IDBI PL interest rate approximately ranges from 11.00% to 15.50%. While availing of a loan from IDBI, my sister visited their official website and learned the following,

However, I’d like to say that for any further details regarding IDBI personal loan interest rate, it is better if you contact your nearest branch.

I hope this helps!

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Recently, I looked into my personal loan choices and discovered that IDBI Bank has excellent interest rates. I'll provide my first-hand knowledge of the IDBI Bank personal loan interest rate to assist those looking for reasonably priced lending options.

What is the IDBI Personal Loan Interest Rate?

• Pre-Approved personal loan interest rate IDBI Bank:

11.00% to 13.25%

APR (Annual Percentage Rate): Min. 11.00% + Processing Charges @ 1.00% + GST@18.00% + Stamp Duty @0.1%

• Contactless Digital Personal Loan:

11.00% to 15.50%

APR (Annual Percentage Rate): Min. 11.00% + Processing Charges @ 1.00% + GST@18.00% + Stamp Duty @0.1%

One of the most important steps in my financial decision-making was looking into the interest rate of a personal loan from IDBI Bank. The competitive rates and transparency offered by IDBI Bank make them a viable choice for anyone seeking a personal loan. This knowledge empowers borrowers to make sound financial choices.

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