Sr No. |
Feature |
- Salaried/Pensioner:
|
- Self Employed Professional
|
1. |
Eligibility |
- All salaried/Pensioner customer having corporate salary account /Pension account with IDBI Bank.
- 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.
|
Self Employed Professional having Asset/Liability relationship with IDBI Bank. |
2 |
Minimum Net Salary/ Income |
For Salaried class :-
Minimum Annual Net Income (ANI) of Rs. 1,80,000/- p.a
For SEP Borrower :-
Minimum Annual Business Income of Rs. 3,60,000/- p.a |
3. |
Age |
Salaried/ Self Employed and Professionals:
Minimum age : 21 Years.
Maximum age at termination of loan should not be above 60 years or date of retirement, whichever is earlier.
Pensioners/ Family Pensioners:
Maximum age : 75 years (at the date of maturity of loan amount) |
4. |
Tenor |
Minimum : 12 Months
Maximum : 60 Months |
5 |
Maximum Loan Amount |
For Salaried & SEP
Minimum: Rs 25,000/-
Maximum: Rs 5,00,000/-
Pensioner:
Minimum: Rs 25,000/-
Maximum: Rs 3,00,000/- |
6. |
Prepayment / foreclosure charges |
Pre-Payment /Foreclosure:
- Prepayment/ foreclosure of Personal Loan after 24 months of disbursal date allowed without pre-payment charges as per the Sanction Terms.
- Prepayment/ foreclosure if sought before 12 months from disbursement date, a charge @ 2% of the outstanding loan amount is to be levied.
- Prepayment/ foreclosure if sought after 12 months but before 24 months from disbursement date, a charge @ 1% of the outstanding loan amount is to be levied.
Part payment:
- Part payment allowed without charges after 6 months of disbursement.
- Maximum part payment amount is 10% of the outstanding loan amount subject to minimum of Rs. 10,000/-. Part payment allowed maximum 3 times in year with an interval of 90 days.
- Part payment within six months from disbursement: 2% of the outstanding loan amount + applicable taxes.
|
7. |
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. |