||Salaried Customers maintaining salary account with IDBI Bank .
|| Salaried customers & Self employed Professionals(with or without existing liability relationship with IDBI Bank)
||Salaried individuals & Self employed Professionals having Asset relationship
|| All IDBI salaried customers.
[including pensioners of IDBI Bank. (retired staff of IDBI Bank only)]
- In case of Confirmed employees from departments and institutions promoted/ sponsored by State & Central government, the three Armed Services : with or without existing relationship but satisfying the minimum income norms as specified below.
- In case of all other category confirmed employees having liability relationship with IDBI Bank for more than one year and Self employed Professionals (SEPs) having liability relationship with IDBI Bank for more than one year and satisfying the minimum income norms as specified below.
|Only full disbursed cases having paid minimum 12 EMIs and having total clean repayment track record
||Minimum Net Salary/ Income
||For Salaried class :-
Minimum Annual Average Balance (AAB) of Rs. 20,000/-
(not applicable to salaried customers maintaining salary account with IDBI Bank) and Minimum Annual Net Income (ANI) of Rs. 1,80,000/-.
For SEP class :-
Minimum Annual Average Balance (AAB) of Rs. 25,000/- and Minimum Annual Business Income of Rs. 2,40,000/- for last 2 FY.
||Minimum age : 22 Years.
Maximum age at termination of loan should not be above 60 years or date of retirement, whichever is earlier.
||Minimum : 12 Months
Maximum : 60 Months
||Maximum Loan Amount
a) For customers non maintaining salary account with IDBI Bank
b)For confirmed employees from departments and institutions promoted / sponsored by State & Central government, the three Armed Services with or without existing relationship)
Salaried & SEPs :-
Salaried :- Rs.10,00,000/-
||In the form of Standing Instruction (SI) only.
||Prepayment / foreclosure charges
||a) Prepayment / foreclosure of Personal loan after six months of disbursals may be allowed without pre payment Charge.
b) 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 (a&b). 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.
||Top up loan
||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.