About IDBI Bank Personal Loan Mumbai
Mumbai is the entertainment and financial capital of India. IDBI Bank has a massive network of more than 60 branches in the city. The bank provides a personal loan to all eligible Mumbaikars at feasible rates of interest. IDBI bank is known for its quality financial products that it offers to the customers living in Mumbai. One can avail the product from the bank if he/she meets the eligibility criteria required for a personal loan. All the important information relating to the product has been given below.
IDBI Bank Personal Loan Mumbai at a glance
The essential details about the product offered by IDBI Bank have been given below.
| Particular | Details |
|---|---|
| Interest Rate | 10.50% - 13.25% |
| Amount | Minimum- ₹50,000 Maximum- ₹ 10 lakh |
| Tenure | Up to 5 years |
| Processing Fees | 2% of the sanctioned loan amount |
| Prepayment Fees | No 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 Mumbai
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 Mumbai
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
Please refer to Personal Loan Mumbai for more information.
Address of IDBI Bank branches in Mumbai
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 Name | Address | IFSC Code | MICR | Contact Details |
|---|---|---|---|---|
| Nariman Point | Mittal Tower, C Wing, Gr.floor, Nariman Point, | IBKL0000004 | 400259002 | 022-2824057, 65 |
| Khar | Dharmi Niwas , Plot N0.77 R.K.Mission Marg , Khar | IBKL0000014 | 400259003 | 022-6001327-29 |
| Chembur | Shop 12 - 16, Sunny Estate Ii, Sion Trombay Road, Chembur, | IBKL0000018 | 400259005 | 022-2529 1112/1086 |
| Warden Road | Tirupati Apartments Bhulabhai Desai Road | IBKL0000019 | 400259004 | 022-56578354-55 |
| Prabhadevi | Kohinoor Bldg , Veer Savarkar Marg , Prabhadevi | IBKL0000026 | 400259007 | 022-4222863/3093 |
| Ghatkopar | Shop No.2 , Gr. Floor , Vallabh Vihar Mg.road , Ghatkopar East | IBKL0000033 | 400259008 | 022-5023801/02 |
| Andheri | Marigold House, Plot No.a - 34, Cross Road No.2, Marol, Midc, Andheri(E) | IBKL0000039 | 400259009 | 022-8368218/8239 |
| Taloja | Indal Compound Plot No 2 , Midc, Taloja | IBKL0000047 | 400259010 | 022-7401582/83 |
| Borivali | Kaustubh Park, Next To Bhagwati Hospital, Mandapeshwar Road, Borivali (W) | IBKL0000059 | 400259011 | 8946653/85 |
| Retail Assets | Tribhuvan Building, Vijay Vallabh Chowk Pydhonie, 1/3, Kalbadevi Road | IBKL0000096 | 400259018 | 66977800 |
| Kalbadevi | Pai Restaurant, Corner Of College Rd & Samadevi Rd | IBKL0000100 | 400259012 | 022-23451358 / 23472969 / 32511711 |
| Vashi | Haldia Dock Complex Chiranjibpur | IBKL0000123 | 400259015 | 022-27800254/ 55/ 56. |
| Malad | IDBI Towers, Ground Floor, WTC Complex , Cuffe Parade | IBKL0000125 | 400259016 | 56552469/22163252 |
| Main Branch - Mumbai | Indian Red Cross Society Building 1, Red Cross Road, Post Box No.231 | IBKL0000126 | 400259017 | 022-56553355 |
| Versova | New Cosmos Chs, Main Sai Rd Juhu Versova | IBKL0000162 | 400259019 | 022-26256741/42/43. |
| Nana Chowk | Ground Floor, Kailash Darshan Building, Shankar Sheth Road, Kennedy Bridge, Nana Chowk, Mumbai | IBKL0000166 | 400259069 | 022-23816075-76-77 |
| Andheri (west) | 1ST Floor, Gopi Chambers, New Link Road, Opposite Citimall, Andheri (west), Mumbai - 400053 . | IBKL0000174 | 400259051 | 022-26731552/53/54/55 |
| Vile Parle (W) | 185, A, Bhavana Apts, S.V. Road, Opp GTC Factory, Vile Parle ( West ) Mumbai - 400056 | IBKL0000181 | 400259028 | 022-26701320/21/22 |
| Belapur | IDBI Building, Plot No 39/40/41, Sector 11, Cbd - Belapur, Navi - Mumbai - 400614 , Maharashtra | IBKL0000183 | 400259023 | 022-56119631 / 27576763 |