IDBI Bank Personal Loan Indore - Rates Dec 2023, Eligibility, EMI, IFSC

IDBI Bank Personal Loan in Indore

About IDBI Bank Personal Loan Indore

IDBI Bank has a box full of many financial products which it provides to the people of Indore. The bank has established about 15 branches here in Indore. One of its products, a personal loan is very popular due to attractive interest rates and quicker services. The bank gives a personal loan to every self-employed person or salaried employee who can meet the eligibility criteria set by the bank. Pensioners are eligible to apply for the product too.

IDBI Bank Personal Loan Indore 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 Indore

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 Indore

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 need more information, please refer to Personal Loan Indore.

Address of IDBI Bank branches in Indore

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   
IndoreAlankar Chambers, Ratlam Kothi , A.B.RoadIBKL00000014522590020731-510602-06
Jawahar MargPitru Chhaya, Plot No 111, Jawahar Marg, IndoreIBKL00000644522590050731-2342651 / 50
Indore - Main BranchEDC House, 6th Floor, Dr.atmaram Borkar RoadIBKL0000155452259006(0731)2575902, 2575911, 4066762
Sapna SangeetaPlot No.920, Sapana Sangeeta, Main Road, Khatiwala Tank, Tower Square Indore 452001IBKL0000245452259008022-66908411
Indore (Corporate Banking Branch)Alankar Chambers, Ratlam Kothi, Indore (M.P.), Indore - 452001IBKL0000382452259009098261 95570
Indore9, Pipli Bazar, P B No.2, , Mahavir Marg, , Indore, Pincode - 452004IBKL00005294522590070731-2543524
Indore Samyak ParkThe United Western Bank Ltd., Nehru Park Indore Branch, , Ug 7 - 8, Indraprastha Tower, 6, M.g.road, Indore, Pin code - 452003IBKL00006644522590080731-2434272
CCU, Indore2ND Floor, Alankar Chambers, Ratlam Kothi, A B Road, Indore - 452001IBKL00009834522590007314069029
Sudama Nagar475 Sudama Nagar , Near Sethi GateIBKL0001040IBKL00010409826048538
Retail Asset IndoreRetail Asset Centre , I Floor Alankar Chambers , Ratlam Kothi, Geeta Bhavan Square , Ab Road, Indore , MP 452001IBKL0000808NON-MICR9752027143
Goyal Nagar , IndorePlot No 465 , Goyal Nagar , Near Shakuntala Hospital , Ring Road Service Lane , Indore , M.P.-452012IBKL0001321452259011
Sanwer BranchJo Oopp Khelwi HmshlIBKL0001857452259501220158
Nagrik Sahakari Bank Ltd13, Netaji Subhash Marg, Indore-452007IBKL0001NSB4522830002531594
Airport Road11, Vyanktesh Nagar, Airport Road, Indore, M P 452002IBKL00020414522590129752750766
Shramik Nagrik Sahakari Bank Ltd.123 Devi Ahilya Marg Shram Shivir Indore M.P Pin Code 452003IBKL0001SNS4525560002534604

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