IDBI Bank, formerly the Industrial Development Bank of India, is a leading government-owned financial institution headquartered in Mumbai. Established in 1964, it offers a wide range of financial products, including personal loans with attractive rates, flexible tenures, and a hassle-free process. IDBI Bank provides quick financial assistance for weddings, travel, medical emergencies, or debt consolidation. However, if you are willing to avail an IDBI Bank personal loan, you just need to read the page further.

IDBI Bank Personal Loan Interest Rates 2025

The table shows the IDBI Bank Personal Loan interest rate of 2025, for the people who want to apply for a personal loan from this bank -

Particulars	Details
Interest Rates	11.00% to 15.50% p.a.
Loan Amount	Rs. 25,000 - Rs. 5 Lakh
Repayment	1-5 years
Minimum Salary	Rs 1.8 lakh p.a. for salaried employees

Types of IDBI Personal Loan

Here are the top IDBI personal loans - 

• Personal Loan to Self-Employed Professionals
• Personal Loan to Self-Employed Non-Professionals
• Salary Account with In-built Overdraft Facility
• Pension Account with In-Built Overdraft Facility to Pensioners of IDBI Bank Ltd

Features and Benefits For IDBI Bank Personal Loan Application

Here are the benefits and features of IDBI Bank Personal Loan Application -

• Attractive Interest Rates: The interest rate on IDBI Bank Personal Loan ranges from 11.00% to 15.50% per annum.
• Flexible Repayment Options: The borrower can pay the borrowed amount via equated monthly installments over a maximum of 60 months. You can choose the tenure as per your repayment compatibility.
• Loans Available for Various Needs: IDBI personal loans can be used for any financial needs whether there is a medical emergency, shortage of funds to incur marriage expenses, higher studies abroad, debt payments, etc.
• Simple Documentation: Just submit the ID, address, and income proof to the bank for the loan verification process. Using the documents the bank checks your information and sanctions your loan.
• Quick Processing & Disbursal: It may take up to 7 days in the loan processing after which the loan is disbursed to your account. The process involves document submission, processing fee payment, etc.
• Enjoy the Convenience of Doorstep Services: If you have any problem regarding a personal loan, you can tell the bank executive to come to your office or residence and resolve it quickly.

IDBI Bank Personal Loan Eligibility Criteria

You are eligible for the personal loan if you are a salaried individual, self-employed professional, or pensioner.

To have a better understanding of the same, let’s take a look -

For Salaried Applicants:

• Profession: Permanent employees of Govt./PSUs/MNCs/Listed/Private Ltd. companies (with or without an existing relationship with the bank).
• Requirement: Must have a corporate salary account with IDBI Bank.
• Age: 21-60 years
• Minimum Salary: Rs.1.8 lakh p.a.

For Self-Employed Professionals:

• Profession: Self-employed professionals with an asset/liability relationship with IDBI Bank.
• Age: 21-60 years
• Minimum Income: Rs.3.6 lakh p.a.

For Salary Account Holders (Overdraft Facility):

• Profession: Permanent employees of Govt./Semi-Govt./PSUs/MNCs/Listed/Private Ltd. companies/reputed institutions.
• Requirement: Must maintain a salary account with IDBI Bank.
• Age: 22-60 years
• Minimum Salary: Rs.1.8 lakh p.a.

For Pensioners (Overdraft Facility):

• Requirement: Must have a pension account with IDBI Bank.
• Age: Up to 75 years

Note: IDBI Bank considers credit scores while evaluating personal loan applications.

How to Calculate your Monthly IDBI Bank Personal Loan EMI

Want to know your EMI? Use Wishfin’s IDBI Bank Personal Loan EMI Calculator to get instant results. This tool helps you determine your exact EMI amount, ensuring a smooth loan experience. Your Equated Monthly Installment (EMI) consists of both principal and interest, payable monthly.

Example: If you take a Rs.2,50,000 loan from IDBI Bank for 4 years at an interest rate of 11.00% to 15.50% p.a., you can calculate your EMI easily.

Simply enter:

• Loan Amount

• Loan Tenure

• Interest Rate

Get instant EMI details with just a few clicks!

LOAN AMOUNT	TENURE	INTEREST RATE (11.00% p.a.)	INTEREST RATE (15.50% p.a)
Rs. 2,50,000	1	Rs.22,095.41	Rs.22,623.60
Rs. 2,50,000	2	Rs.11,651.96	Rs.12,181.14
Rs. 2,50,000	3	Rs.8,184.68	Rs.8,727.67
Rs. 2,50,000	4	Rs.6,461.38	Rs.7,021.21

Documents Required For IDBI Bank Personal Loan Application

Next, the thing to which you need to pay attention is the documentation required to get the personal loan from this bank.

• Identity Proof (Anyone) - School leaving certificate, Driving License, Passport, Voter’s ID card, Birth Certificate by Local authority, LIC Policy issued by Gram panchayat. (Same for Self-Employed and Salaried)
• Age Proof (Anyone) - Photograph (mandatory) & Driving License, Passport, PAN card, Photo credit card, Banker’s sign verification, Election card, Aadhaar Card, confirmation letter from employer/other bank. (Same for Self-Employed and Salaried)
• Address Proof (Anyone)- Passport, latest electricity/ telephone bill, title deed of the property, latest house lease agreement duly stamped.  (Same for Self-Employed and Salaried).
• Signature Proof (Anyone)- PAN Card, Banker’s Verification, Aadhaar Card, Photo ID Credit Card, Self Signed cheque. (Same for Self-Employed and Salaried)
• Banking History - Bank Statement of salary account for the last 6 months (For Salaried) 
• Bank statement for the last 1 year of the savings and current account (for self-employed).
• Running CC limit/ OD Limit statement for 6 months ( For Self- Employed)

Salaried		Self- Employed
Other Mandatory Documents	Educational Qualification, Processing Fee Cheque, Loan application duly filled with photograph attached	Practice Certificate, Salary Certificate, Copy of Educational Qualification Certificate, Details of the contract, Copies of Tax Deduction Certificate,  copy of partnership deed, letter of authority to borrow, and Brief Business profile on the letterhead of the firm by the applicant, processing fee, educational qualification certificate, loan application form filled with photographs.
Documents Related to Occupation	Confirmation letter from the current employer/ Offer Letter.   Previous Experience Certificates.	-

Fees/Charges Of IDBI Bank Personal Loan

Here are the additional charges applicable on the personal loan  by IDBI Bank -

Particulars	Fees
Processing Fee	1% of the loan amount (minimum Rs.2,500).
Foreclosure	Within 12 months: 3% of the outstanding amount 12 to 24 months: 1% of the outstanding amount After 24 months: Nil
Part-payment	Within 6 months: 3% of the outstanding amount After 6 months: Nil Limit: Up to 10% of the outstanding amount (minimum Rs.10,000) Frequency: Allowed 3 times a year with a 90-day gap
Penal Charges on all personal loan variants	2% per annum on the overdue amount for the overdue period, plus taxes.
Copy of Property Documents	Rs.225/-
Swapping or changing the repayment mode to PDC/ECS	Rs.575/-
Duplicate Statement Charge	Rs.115/-
Re-issuance of PO/DD	Rs.115/-
Duplicate Certificate / Interest Paid Certificate	Rs.150/-
Copy of credit information obtained from CIBIL	Rs.50/-

Summary!

A flexible and hassle-free IDBI Bank personal loan comes with a solution with attractive interest rates, minimal documentation, and quick disbursal. With interest rates ranging from 11.00% to 15.50% p.a.,a repayment tenure of up to 60 months, and an easy-to-use EMI calculator. Before applying, ensure you meet the eligibility criteria and have the required documents ready. Apply today and take a step closer to fulfilling your financial goals!

FREQUENTLY ASKED QUESTIONS

1. What is the minimum credit score required for the IDBI Bank Personal Loan?

IDBI Bank has not specified a minimum credit score requirement for personal loan applicants. Individuals with a credit score of 750 or above generally have a higher chance of loan approval and may be eligible for more competitive interest rates.

2. What is the latest interest rate for IDBI Personal loan?

The Personal Loan Interest rate of IDBI Bank starts from 11.00% upto 15.50% p.a.

3. What is the minimum salary required for a personal loan under IDBI Bank?

The minimum net annual income required is Rs.1.8 lakh, and the maximum age at loan maturity is 75 years.

4. What is the maximum loan amount I can avail from IDBI Bank?

You can avail a personal loan ranging from Rs.25,000 to Rs.5 lakh, depending on your eligibility and income. 

5. What is the tenure for repayment of a personal loan?

The repayment tenure for a personal loan ranges from 12 to 60 months, allowing flexibility based on your repayment capacity.

6. What documents are required for an IDBI Bank Personal Loan application?

The documents typically required include:

• Identity Proof: School leaving certificate, driving license, passport, voter ID card, birth certificate by local authority, LIC policy issued by Gram Panchayat.
• Age Proof: Photograph (mandatory) & driving license, passport, PAN card, photo credit card, banker's sign verification, election card, Aadhaar card, confirmation letter from employer/other bank.
• Address Proof: Passport, latest electricity/telephone bill, title deed of the property, latest house lease agreement duly stamped.
• Signature Proof: PAN card, banker's verification, Aadhaar card, photo

7. For what purposes can I avail of a personal loan from IDBI Bank?

IDBI personal loans can cover unexpected expenses like household needs, education, medical emergencies, or home loan margin money, with no end-use restrictions.