IDBI Bank Personal Loan Review
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7 Comments
IDBI Bank (Industrial Development Bank of India) is one of India’s leading public sector banks. Primarily established for providing credit to Indian industry, it has now started focusing on retail consumers too.
Loan amount
The maximum amount of loan available is 10 lacs. This is more or less in keeping with whats available in the market.
Interest rate
The interest rate ranges from 16% to 18% depending on the customer profile and loan amount. The rate is competitive without being too low or high.
Charges
The processing fees are 1.5% of the loan amount. This is among the lowest offered in the market. The prepayment charges are upto 6% of the outstanding amount. This is much higher than what most other banks offer. This is a major concern for people who wish to repay their loans ahead of schedule.
Tenure
The loan tenure ranges from 1 year to 5 years which is more or less the industry standard.
Ratings
Reputation: 3/5
Loan amount: 2.5/5
Interest rate: 2.5/5
Charges: 2.5/5
Tenure: 2.5/5
Overall: 2.5/5
Published on August 6, 2010 · Filed under: IDBI Bank Personal Loan;
7 Responses to “IDBI Bank Personal Loan Review”
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Laxmi Gireesh Kumar said on May 9th, 2011 at 2:45 am
Existing Customer Salary Account in IDBI
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Laxmi Gireesh Kumar said on May 9th, 2011 at 2:45 am
kINDLY GIVE FEEDBACK IF POSSIBLE.
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sridevi said on August 22nd, 2011 at 6:48 am
i want parsonal loan 100000 how to get please help me
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syama sundar panda said on September 2nd, 2011 at 1:26 pm
i want a personal loan rs-100000 how to get please help me
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SEEMAKURTHI GOWRI SHANKAR said on October 13th, 2011 at 2:07 am
I AM A SELF EMPLOY, I HAVE OWN BUSINESS IN MEDICAL LINE, I HAVE THREE YEARS BALANCE SHEET WITH IT RETURNS FILED. I REQUIRED LOAN AMOUNT OF RS.500000-00 FIVE LAKHS ONLY. PLEASE GUIDE ME
THANKING YOU,
S.GOWRI SHANKAR.
9989998399 -
BRIJESH VERMA said on January 20th, 2012 at 9:26 pm
I AM A SELF EMPLOY I HAVE THREE 4 YEARS BALANCE SHEET RETURNS FILED I REQUIRED LOAN AMOUNT 2 LACS.
THANKING YOU
BRIJESH VERMA -
Nitesh Kumar said on April 24th, 2012 at 8:24 pm
i am salaryed emp i have 9yrs emp in tata aig life .i required loan amount 2 lakhs.
Thanking u,
Nitesh
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