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 pension account with IDBI Bank.

Minimum salary/Pension

• Rs. 3,60,000/- 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 : 72 months

Loan Amount

• Minimum Amount : Rs. 50,000/-
• Maximum Amount : Rs. 5,00,000/- (Pensioner) / Rs. 15,00,000 * (Salaried)
  *T&C apply

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:3% 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 :3% 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

• Top up facility available.

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 : 72 months

Loan Amount

• Minimum Amount : Rs. 50,000/-
• Maximum Amount : Rs. 10,00,000/-

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:3% 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 :3% 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

• Top up facility available.

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 : 72 months

Loan Amount

• Minimum Amount : Rs. 50,000/-
• 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:3% 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 :3% 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

• Top up facility available.