IDBI Bank Personal Loan in Kochi

About IDBI Bank Personal Loan Kochi

IDBI Bank personal loan can be obtained by any person based in Kochi, irrespective of whether he/she is a salaried employee or a self-employed. The personal loan product can be used for traveling abroad or for renovating the house. A personal loan offered by the bank is simply perfect for meeting needs relating to wedding function or medical treatment. The bank provides attractive interest rates for a personal loan. Kochi has several branches of IDBI bank and all these branches are working hard to take care of any financial need of the people.

IDBI Bank Personal Loan Kochi at a glance

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

Interest Rate9.50% - 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

Apply Personal Loan @ 10.25%* Rate

Eligibility Criteria for IDBI Bank Personal Loan Kochi

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 Kochi

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

You can check out Personal Loan Kochi for more information.

Address of IDBI Bank branches in Kochi

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   
KochiDhanwantari Building Near Padma Theater, M.G. Road,IBKL00000846822590020484-382519-21
Kochi - Main Branch6, Malviya Nagar, Near Raj Bhavan Adj. To LICIBKL0000137682259003(0755)2558415
Kochi (Corporate Banking Branch)Panampilly Nagar, Post Bag No. 4253, Kochi - 682036IBKL00003856822590049895306196
CCU, KochiCentralised Clearing Unit, Idbi Bank Ltd, 2nd Floor, Panampilly Nagar, Kochi - 682 036IBKL00009396822590020484-2321150 / 51
Currency ChestIDBI Bank Ltd., Currency Chest, Idbi Building - Ground Floor, Panampilly Nagar, Kochi, Kerala - 682 036IBKL00009686822590060484-2318885, 04846060126-30.
EdapallySea Queen Bldg Nh47, Near Changampuzha Park, Edapally, Kochi 682024IBKL00010586822590069446011593
Retail Asset KochiII nd Floor, IDBI Building, Panampilly Nagar, Near Passport, Kochi - 682036IBKL0000827NON-MICR09495086186 04842322060
Kochi Bye - PassIDBI Bank, Jacob Building, 33/23618 b - 1, N.h.bye Pass. Chalikkavattom, Geethanjali Junction, Kochi Pin : 682019 KeralaIBKL0001087NON-MICR9847452000
The Kerala State Co-operative Bank LtdChittoor Road, Pullepady Junction, Pb No 3759, Kochi-682035IBKL046KS096821770020484-2373508

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