Check your Loan EMI using the IDBI Bank Personal Loan EMI Calculator

IDBI Bank is a public sector financial services bank that provides many banking products and services to the customers. It also provides personal loans to the customer to fulfill their urgent requirement of money. User can use the loan amount for various purposes such as for marriage expenses, education, medical emergency, home renovation, etc. In the given article you may know how to apply for an IDBI personal loan? How the EMI calculator works? And the eligibility criteria of the IDBI personal loans.

How the IDBI EMI Calculator works?

You can check your loan EMI before applying for it by using the IDBI Bank Personal Loan EMI Calculator. Just input the personal loan details such as loan amount, tenure and interest. After that, the EMI calculator gives you the resulted EMI of your personal loan amount. It is easy to use suppose you have applied for a loan of Rs. 2,50,000 at 12.55% IDBI Bank personal loan interest rates on a 60-month loan tenure. Then the resulted EMI would be Rs. 5,630.

IDBI Personal loan features

• Flexible loan tenure: The loan tenure for IDBI Bank personal loan ranges from 12 months to 60 months and can be selected by an individual as per his repayment capacity.
• Loan amount: You can apply for a personal loan amount of Rs. 25,000 to 10 lakh. And it will provide you loan at an attractive IDBI bank personal loan interest rates. 
• Easy application: You can easily apply for a personal loan by using the IDBI online application services. 
• Free personal accident insurance cover: The individuals who are applying for  IDBI Bank personal loan would be covered under free personal accident insurance cover.

Eligibility criteria for IDBI personal loan

Before applying for loan you have to make sure that you must fit in the loan eligibility criteria. IDBI Bank also have a loan eligibility criteria which are as follows:

1. Applicant minimum age should be 21 years.
2. Applicant's maximum age should be 60 years.
3. Maximum age for pensioners should be 75 at the date of maturity of the loan amount. 
4. The salaried applicant's minimum annual income should be Rs. 1,80,000.
5. The minimum annual income for self-employed professional should be Rs. 3,60,000.
6. For a non-professional self-employed applicant, the minimum annual income must be Rs. 5,00,000.
7. Applicant must have a salaried account in IDBI Bank.

How can one apply for IDBI personal loan?

You can simply apply for an IDBI personal loan by just visiting your nearest IDBI bank branch. Just fill the personal loan application form with the correct details and provide the KYC documents. Alternatively you can apply for a personal loan by going to the official website of IDBI Bank.  follow the steps to apply for an IDBI personal loan:

• Visit the IDBI Bank website.
• Click on the “products” option.
• Click on the “personal loan” option.
• After that fill the details & upload necessary documents.
• At last click on “submit” button.

After the procedure is completed you’ll get a notification on your registered mobile number.