IDBI Bank Personal Loan Bhubaneswar - Eligibility, Rates February 2024, EMI, IFSC

IDBI Bank Personal Loan in Bhubaneswar

About IDBI Bank Personal Loan Bhubaneswar

IDBI Bank has a strong presence in the capital of Odisha with more than 15 branches. The bank gives a personal loan to the people of Bhubaneswar at attractive rates of interest. Quicker approval and minimal documentation has made the product of personal loan very popular amongst loan borrowers. The product can be availed by eligible self-employed people and salaried employees. Pensioners are eligible for the product too in case they meet the eligibility criteria.

IDBI Bank Personal Loan Bhubaneswar at a glance

The essential details about the product offered by IDBI Bank have been given below.

Interest Rate10.50% - 13.25%
AmountMinimum- ₹50,000
Maximum- ₹ 10 lakh
TenureUp to 5 years
Processing Fees2% of the sanctioned loan amount
Prepayment FeesNo Prepayment fee is charged after completion of six EMIs

2% of the outstanding loan amount is charged before completion of six months

Apply Personal Loan @ 10.75%* Rate

Eligibility Criteria for IDBI Bank Personal Loan Bhubaneswar

The norms of eligibility for a personal loan offered by the bank have been mentioned below. Check them out.

  • The age of the applicant should be between 22 – 60 years. This means the applicant should be at least 22 years old when the loan is applied. In case of Pensioners and Family Pensioners, the maximum age is 75 years. This means the loan needs to be fully repaid by the age of 75 years.
  • Permanent employees of reputed PSUs and Joint Stock Companies, Confirmed Central / State Government officials, Lecturers / Asst. Professors / Professors of Colleges / Research Institutions and Universities are eligible to apply for the product offered by IDBI bank.
  • The salary account of the employee should be maintained with the branch.
  • The minimum net salary should not be less than ₹ 20,000 per month or minimum net annual income of ₹1,80,000 per annum for the salaried Individual.
  • For the self- employed the minimum annual average balance should be ₹ 25,000 per month and minimum annual business income should be ₹ 2,40,000 per annum for last 2 years.

Documents required for IDBI Bank Personal Loan Bhubaneswar

The list of important documents required for a personal loan offered by IDBI Bank has been given below.

Salaried employees:

  • Identity Proof- PAN card/ Voter ID card/ Passport/ Driving License/ Aadhar card ( Laminated, Recent, Legible)
  • Two Photographs of passport size
  • Proof of Address- Leave and License agreement/ Passport/ Telephone bill/ Water bill/Electricity bill
  • Bank statement of the last three months, where the applicant’s salary is being credited
  • Salary slips of the previous three months

Self-employed individuals:

  • Proof of Address- Leave and License agreement/ Passport/ Telephone bill/ Water bill/Electricity billAge Proof- Birth certificate/ High school marksheet/ Passport
  • Bank statement of the previous six months
  • Proof of office address
  • Identity Proof- PAN card/ Voter ID card/ Passport/ Driving License/ Aadhar card ( Laminated, Recent, Legible)
  • Proof of continuity of the business
  • Income tax returns of the last three years
  • Proof of ownership of office
  • Audited Balance Sheet plus Profit & Loss account

Please refer to Personal Loan Bhubaneswar in case you require additional information.

Address of IDBI Bank branches in Bhubaneswar

The complete list of IDBI Bank branches in the city has been given here along with the address, contact details and IFSC & MICR codes.

Branch NameAddressIFSC CodeMICR Contact Details
BhubaneshwarIDBI House, Janpath, Unit Ix,IBKL00000427512590020674-541655 / 695
Bhubaneshwar - Main BranchD.NO.5 - 9 - 89/1 & 2, Chapel Road P.B.NO.370IBKL000013275125900355746052/6054
Lewis RoadIDBI Bank Ltd Lewis Road Branch, Lewis Plaza, Bjb Nagar Plot No - 387 Bhubaneshwar - 751014IBKL0001112NON-MICR9437051293
Bhubaneshwar-khandagiriPlot No.-642 , Ground Floor , At- Jagamara , Po-khandagiri , Dist - Khurda , Bhubaneshwar , Odisha , PIN -751030IBKL0001295NON-MICR9668082725 & 9437090706
Central Clearing Unit, BhubaneshwarCCU, Bhubaneshwar, 2nd Floor Idbi House, Janpath Unit Ix, Bhubaneswar, PIN - 751022IBKL000095275125900107873078108, 09776281849
Bhubaneswar (Corporate Banking Branch)IDBI House, Ground Floor, Janpath, Unit - Ix, Khurda, Bhubaneswar - 751002IBKL00003797512590039437088000
RAC, BhubaneswarIDBI Bank Ltd, Retail Asset Centre, 1st Floor, Idbi House, Unit 9, Janpath, Bhubaneswar - 751022IBKL0000833NON-MICR9778376379
Bhubaneswar-ChandrasekharpurGround Floor, Ishwar Complex, Damana Square, Chandrasekharpur , Bhubaneswar - 751021, Odisha.IBKL0001160NON-MICR0674-541655 / 695

  • Personal Loan Interest Rates February 2024
    HDFC Bank10.75% - 14.50%
    ICICI Bank10.75% - 19.00%
    IndusInd Bank10.25% - 26.00%
    Kotak Bank10.99%
    RBL14.00% - 23.00%
    SMFG India Credit12.00% - 24.00%
    Standard Chartered Bank11.49%
    Tata Capital10.50% - 24.00%