The Best Personal Loan Interest Rate by IDBI Bank Personal Loan

If you are looking for the best Personal Loan Interest Rate, then IDBI Bank Personal Loan will be a great option. As it provides personal loan at an attractive and affordable interest rate with the minimal documentation process.

IDBI Bank Personal Loan: Features and Benefits:

• Flexible repayment tenure.

• Maximum loan amount of up to Rs. 5 Lakhs.

• Additional personal accident insurance.

• Quick application process and disbursals.

• No collateral or security is required.

IDBI Bank Personal Loan: Interest Rate and Other Charges:

IDBI Bank Personal Loan: Eligibility Criteria:

• The applicant’s age must be between 21 – 60 years.

• Both salaried individuals and self-employed professionals are eligible.

• The applicant’s minimum salary must be Rs. 15,000 and for Self-employed, income must be of Rs. 3.6 Lakhs.

IDBI Bank Personal Loan: Documentation Required:

• Duly filled application form.

• ID Proof: PAN Card, Voter ID.

• Address Proof: Aadhar Card, Utility Bills.

• Last 6 months Salary account statements.

• Last 3 months salary slips.

• 2 Passport-size photographs.

Factors that affect IDBI Bank Personal Loan Interest Rate:

• Applicant’s credit score.

• Applicant’s repayment capacity.

• Relationship with IDBI Bank.

• Loan Repayment Tenure.

Interest Rate Comparison of IDBI Bank Personal Loan with other Banks:

Conclusion:

To conclude, the IDBI Bank Personal Loan Interest Rate is competitive in the financial market. However, to apply for a personal loan, you must visit Afinoz.com.