IDBI Bank Personal Loan in Hyderabad

About IDBI Bank Personal Loan Hyderabad

A person living in Hyderabad can think of achieving all his/her personal dreams and wishes. IDBI Bank provides a person in the city of Hyderabad through which his/her dreams can be realized. The bank has opened several branches in the capital of Telangana. The personal loan product is available at a lower rate of interest and can be repaid within a period of five years. The product can be obtained by anybody, irrespective of whether he or she is a salaried employee or a self-employed individual.

IDBI Bank Personal Loan Hyderabad 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 Hyderabad

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 Hyderabad

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

For additional details, please refer to Personal Loan Hyderabad.

Address of IDBI Bank branches in Hyderabad

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   
Basheer BaghMahavir House Basheerbagh SquareIBKL0000002500259002040-3228517, 3222688
Banjara HillsPlot No.9, J R House, Road No.2, Banjara Hills,IBKL0000028500259003040-3548762/79/83
Hyderabad - Main BranchStock Exchange Building 683 - 686, Trichy RoadIBKL0000133500259004(0422)2310262
KukatpallyMIG 230, Municipal No. 15 - 24 - 230, Kphb Colony, Kukatpally, Hyderabad - 500072 .IBKL0000280500259007040-66908171 / 72 / 73, 66902000
Sultan Bazaar428/437, Balaji Market, , Sultan Bazar, , Hyderabad, Pincode - 500001IBKL0000594500259005040-24653064
GachibowliIDBI Bank Ltd, Diamond Park, Plot No.81, Vinayak Nagar Colony, Gachibowli Stadium Road, Gachibowli, Hyderabad - 500032IBKL00004325002590109963233433
Jubilee Hills BranchYousuf Plaza, Plot No. 1101, Road No. 36, Jubilee Hills, Hyderabad - 500033IBKL00008725002590129849969963
LB Nagar BranchAndhrapradesh Plot No 15 & 28 , Srinivasa Chambers, Mansoorabad, Lb Nagar Ring Road, Rangareddy Dist, Hyderabad, Ap - 500074IBKL00010575002590149885300556
Retail Asset - HyderabadD No. 5 - 9 - 89/1 & 2, Chapel Road, Pb No.370 Hyderabad 500001IBKL0000811NON-MICR040-66746063

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