IDBI Bank Personal Loan



IDBI (Industrial Development Bank of India) Bank is one of the public sector bank in India with approx consolidated assets of USD 54 billion. IDBI Bank has a network of approx 1,995 Branches and 3,817 ATMs across India.  It is headquartered in Mumbai, Maharashtra, India.

IDBI Bank Personal Loan Features:

  • The existing loan account holders with minimum 12 months and with clear repayment track record will be eligible for top up loan facility.
  • The borrowers will be covered under Free Personal Accident insurance cover.
  • Prepayment / foreclosure of Personal loan after six months of disbursals may be allowed without pre-payment Charge. 
  • Prepayment / foreclosure if sought before 6 months from disbursal date, a charge @ 2% of the outstanding loan amount is to be levied.
  • Part pre-payment: Part pre-payment is allowed on the basis of above conditions (3&4). However, in such cases, no further personal loan will be sanctioned to the borrower for 12 months from the date of making the part pre-payment.
  • Tenure is Minimum: 12 Months and Maximum: 60 Months


  1. All IDBI BANK salaried customers maintaining salary account with IDBI Bank, including Pensioners/ Family Pensioners from State or Central Government Departments, PSU companies and State or Central Government promoted/ sponsored entities
  2. Minimum Net Salary/ Income
    1. For Salaried class :-
      Minimum Annual Average Balance (AAB) of Rs. 20,000/-
      (not applicable to salaried customers maintaining salary account with IDBI Bank or customers maintaining pension account with IDBI Bank) and Minimum Annual Net Income (ANI) of Rs. 1,80,000/-.
    2. For SEP (Self Employed Professionals) class :-
      Minimum Annual Average Balance (AAB) of Rs.   25,000/- and Minimum Annual Business Income of Rs.  2,40,000/- for last 2 FY.
  3. Age:
    1. Salaried/ Self Employed and Professionals : 
      Minimum age : 22 Years. 
      Maximum age at termination of loan should not be above 60 years or date of retirement, whichever is earlier. 
    2. Pensioners/ Family Pensioners: 
      Maximum age : 75 years (at the date of maturity of loan amount)

Documents Required:

  • KYC Documents: Proof of Identity; Address proof; DOB proof.
  • Proof of Residence: - Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  • Income proof (audited financials for the last two years).
  • Latest 6 months Bank statement.
  • Office address proof.
  • Proof of residence or office ownership.
  • Proof of continuity of business.

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