IDBI Personal Loan- Apply Online, Interest Rate, Contact

Industrial Development Bank of India (IDBI) provides various loans with good flexibility whether you have an account in their bank or not. IDBI bank personal loan deal with any kinds of financial situations for salaried individuals/self-employed professionals/pensioners. Personal loans are available at very competitive interest rates and flexible tenure. Here are the eligibility criteria and loan details you will need to apply for an IDBI personal loan with the online loan application process step-by-step.

Features of IDBI personal loan

1. Salary account in IDBI with built-in Overdraft (OD) facility to IDBI Bank Pensioners.

2. Loan amount

  • For salaried/self-employed professionals, the eligible loan amount is Rs. 25, 000(minimum) – Rs. 5,00,000(maximum).
  • For pensioners, the amount is Rs. 25,000(minimum) – Rs. 3,00,000(maximum).

3. IDBI bank provides flexibility in terms of Tenor from 12 – 60 months.

4. The interest rates are 8.30% p.a. onwards for floating and 9.50%-14% p.a. for fixed.

5. No Guarantor required.


I. Processing fees are 1% depending on the loan amount with additional taxes.

II. Pre-closure charges are 2.00% plus applicable taxes. After 6 months the charges are NIL.

III. Charges always do vary, so please check the updated charges on their official website.


1. IDBI bank provides Personal Loans for

  • salaried professionals.
  • self-employed professionals(SEP).
  • NRI salaried professionals.

2. Age

  • For salaried/self-employed professionals, the age should have to be minimum 21 years and maximum age at termination of loan should not be above 60 years or date of retirement, whichever is earlier.
  • For Pensioners, the maximum age needs to be 75 years (at the date of maturity of loan amount).

3. Income

  • For salaried professionals the minimum Income should have be Rs. 1,80,000 per year.
  • For self-employed professionals the minimum Income need to be Rs. 3,60,000 per year.

4. Existing loan account holders with a minimum of 12 months and with a clear repayment track record will be eligible for the Top-up Loan facility.

Documents required

1. Voter ID/ Driving license/ Passport.

2. Bank statement of last 3 months or Bank passbook of last 6 months.

3. Latest salary slip (For salaried applicants).

4. For self-employed applicants –

  • Latest bank statement.
  • Latest Income Tax Return (ITR).

How to apply for IDBI personal loan

1. Visit the official website of IDBI bank by typing www.IDBI and it will redirect you to their website.

2. As it opens, you need to click on ‘PRODUCTS‘ on the left corner of the dashboard.

3. Click ‘Loans‘ in the pop-down menu. After a pop right menu appears, click the ‘Personal Loan‘ option.

4. You will see the personal loan page with the ‘APPLY NOW‘ and ‘Eligibility Calculator‘, just click the ‘APPLY NOW‘ button.

5. On the next page, again click on the ‘Personal Loans‘ option.

6. Now the bank will ask you whether you have an account in IDBI bank or not.

idbi personal loan apply online

If you don’t have an account in IDBI bank

7. Click ‘No‘ and proceed.

8. Up next, the loan application form will appear. Here, you need to provide your details like Name, Present communication address, Permanent address (type -do- if same as present communication address), Mobile number, email, Date of Birth, Gender, Marital status, and PAN number.

9. Below in the ‘Applicant Status‘, choose from Salaried individual, Self-employed professional, self-employed non-professional (businessman), or NRI (salaried) which you actually are.

10. Select ‘Personal Loan’ in the ‘Type of Loan required‘.

11. Enter Loan amount as per your requirement (check eligibility). As you enter the loan amount, the ‘Own Contribution‘ block will get filled automatically showing zero. Then enter ‘Loan Tenor in months‘ (check eligibility).

12. Provide details in the ‘Income Details‘ section and click ‘Submit.

13. After submitting, your application will be processed and you will get a verification call from IDBI bank.

14. As you verify all the documents and data you provided, your loan will be approved within 24 hours.

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If you have an account in IDBI bank

7. Just click on ‘Yes‘.

8. The drop-down page will ask you for your Customer ID and Account No.

9. Enter the account details and click ‘Generate OTP‘.

10. The OTP will be received on the mobile number registered with IDBI bank.

11. On the next page, you need to provide a little information, as many of them have been already in the bank’s database.

12. Click ‘Submit‘ and the application process is the same as discussed earlier.

IDBI Bank Customer Care For Personal Loan

You can get connected with the IDBI Personal Loan customer care representative by, calling the toll-free numbers 1800 209 43241800 200 1947, and 1800 22 1070.
The chargeable number is 022 67719100.
NRI customers can contact the bank at 0091 22 67719100.
SMS ‘IDBICARE‘ at 9220800800.
Email ID – [email protected]

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