Features And Advantages
Eligibility
All salaried customer having corporate salary account 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.
Minimum Salary
- Rs. 1,80,000/- Per Annum for Salaried Class
Age
- Minimum Age : 21 Years
- Maximum age at termination of loan should not be above 60 years or date of retirement, whichever is earlier.
Maximum Loan Tenur
- Minimum : 12 months
- Maximum : 60 months
Maximum Loan Amount
- Minimum Amount : Rs. 25,000/-
- Maximum Amount : Rs. 5,00,000/-
Interest Type
- Fixed for Salaried Individuals
Processing Fee
- 1 % of the loan amount subject to minimum Rs.2500/- plus applicable taxes.
Part Payment/Foreclosure Charges
- 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. After six months of disbursement: Nil
- Foreclosure : Foreclosure of Personal Loan after 24 months of disbursal date allowed without pre-payment charges as per the Sanction Terms. Foreclosure if sought before 12 months from disbursement date, a charge @ 2% of the outstanding loan amount is to be levied. 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.
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 Salary
- Rs. 3,60,000/- Per Annum for Self Employed Professionals
Age
- Minimum Age : 21 Years
- Maximum age at termination of loan should not be above 60 years or date of retirement, whichever is earlier.
Maximum Loan Tenur
- Minimum : 12 months
- Maximum : 60 months
Maximum Loan Amount
- Minimum Amount : Rs. 25,000/-
- Maximum Amount : Rs. 5,00,000/-
Interest Type
- Fixed for Salaried Individuals
Processing Fee
- 1 % of the loan amount subject to minimum Rs.2500/- plus applicable taxes.
Part Payment/Foreclosure Charges
- 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. After six months of disbursement: Nil
- Foreclosure : Foreclosure of Personal Loan after 24 months of disbursal date allowed without pre-payment charges as per the Sanction Terms. Foreclosure if sought before 12 months from disbursement date, a charge @ 2% of the outstanding loan amount is to be levied. 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.
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.
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