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

IDBI Bank Personal Loan in Chennai

About IDBI Bank Personal Loan Chennai

A person in Chennai can avail an IDBI Bank’s personal loan for taking care of his/her financial needs. A personal loan proves to be very beneficial whenever any personal need arises. Whether it is a marriage in family, educational expenses, renovation of house or travel abroad, a personal loan offered by IDBI Bank is sufficient enough to take care of the situation. The bank has opened up several branches in the capital of Tamil Nadu. The person can take maximum benefits of the low-interest rates offered by the bank.

Apply Personal Loan @ 10.75%* Rate

IDBI Bank Personal Loan Chennai 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

Eligibility Criteria for IDBI Bank Personal Loan Chennai

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 Chennai

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

In case you want more information, you can refer to Personal Loan Chennai.

Address of IDBI Bank branches in Chennai

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
Greams RoadP.M. Towers 37, Greams RoadIBKL0000005600259002044-8292371-373
AlwarpetSona Building, 37, C.p. Ramaswamy Road, Alwarpet,IBKL0000022600259003044-4661204, 24988419
N M RoadNelson Tower, New No - 91 Nelson Manickam RoadIBKL0000045600259004044-3745802/03
Chennai - Main BranchIDBI Complex, Near Lal Bungalow off C G RoadIBKL0000129600259006044-22355201-16
T . Nagar1ST Floor, Devi Arihant, 24/2, Old No 16, Dr Nair Road T.nagar Chennai, Tamil NADU 600017IBKL0000194600259008044-42605020/40
KilpaukGround & First Floor, Pattery Balfour Road, Kellys, Kilpauk, Chennai Tamilnadu – 600010IBKL0000287600259012044 - 2644 8435/23/24/25
MogappairPlot No. 12/18, Seethakathi Road, Mogappair East, Chennai - 600037IBKL00003006002590154426567637
Nungambakkam102/103, First Floor, Prestige Point, No. 33 Haddows Road, Nungambakkam, Chennai., Pincode - 6000006IBKL0000630600259010044-2825811628258110
Retails Assets Center, ChennaiMurugesa Naicker Office Complex, Iii Floor , 68, Greams Road, Chennai - 600006, Tamil NaduIBKL0000814600259009044-28299653, 9690
OTA Extn CounterO T A, St. Thomas Mount, Chennai - 600016IBKL0000904600259005044-22341676 /22341685
SKPas College Extn CounterSri Kanyaka Parameswari Arts & Science College For Women, No. 1, Audiappa Naicken Street, Chennai - 600001IBKL0000907600259007044-25394929 / 39
RPU ChennaiMurugesa Naicker Complex, 3rd Floor, 68, Greams Road, Chennai 600006IBKL0000993600259000044-8295158, 59 & 60
TambaramNO.4, Duraiswamy Reddy Street, West Tambaram, Chennai 600045IBKL0000370600259017044-22266844
Currency Chest, ChennaiKhivraj Complex 1, Ground Floor , 480 Anna Salai, Nandanam, Chennai - 600035IBKL0000976NON-MICR9445258628
Velachery51 B, Velachery Main Road, Velachery, Chennai - 600 042IBKL00007366002590209940102244

  • 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%