IDBI Bank Personal Loan in Chandigarh

About IDBI Bank Personal Loan Chandigarh

We all have some dreams which we wish to get fulfilled. Some want to visit Disneyland one day while others want to see their children studying in top foreign universities. Some dream of giving their daughter the best wedding gift while others dream of renovating their house. Dreams may be different but they are linked to finance. IDBI bank provides a personal loan to eligible customers in Chandigarh so that they can realize any of the above dreams. The best part is, the loan can be availed at feasible interest rates and can be repaid in the form of monthly EMIs. IDBI bank has opened seven branches in Chandigarh.

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IDBI Bank Personal Loan Chandigarh at a glance

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

ParticularDetails
Interest Rate12.00% - 14.00%
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

Eligibility Criteria for IDBI Bank Personal Loan Chandigarh

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 Chandigarh

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

Check out Personal Loan Chandigarh for more information.

Address of IDBI Bank branches in Chandigarh

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   
ChandigarhAddressIFSCMICRCustomer Care
Chandigarh - Main BranchSco 55 - 56 - 57, Madhya Marg Sector 8IBKL00000031602590010172-543927/28/50/54
ChandigarhB - 19 - 110/14, Lind Floor, 203 Carnival Shopping Centre, Mall RoadIBKL00001431602590050172- 2709689, 2722648, 2702976, 2722642
CCU, ChandigarhSCO 119 - 120 Sector 43 B Chandigarh Chandigarh 160022 IBKL00002721602590090172 4678894/95/96
Retail Asset - ChandigarhSCO - 119 - 120, Sector - 43/b, Basement, ChandigarhIBKL00009791602590099814527191
Industrial Area, ChandigarhIDBI Bank(RAC), SCO - 72 - 73, 3RD. Floor, Sec - 17 B, Banks Square, Chandigarh - 160017IBKL0000812NON-MICR9876028160
Sector- D , ChandigarhPlot No.149, Industrial Area, Phase 1, ChandigarhIBKL0001799NON-MICR8556865064
Ground floor, Sc-162-163, Sector 9c, ChandigarhIBKL0002008NON-MICR0172-5084688

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