IDBI‌ ‌Bank‌ ‌Personal‌ ‌Loan‌ ‌Eligibility‌ ‌Calculator‌ 2022

IDBI Bank offers a personal loan under three categories – personal loans for salaried professionals, personal loans for self-employed professionals and personal loan for self-employed non-professionals and pensioners. The age criteria, minimum income requirements and loan amount vary from loan to loan. 

Here are the eligibility criteria for IDBI Bank personal loan based on the category of the loan:

Criteria	Salaried Employees	Self-employed professionals	Self-employed Non-professionals & Pensioners
Residential status	Residents of India	Residents of India	Residents of India
Profession	All salaried customers having salary account with IDBI Bank. All confirmed employees of state/ central/ PSU/ listed companies/ MNCs/ reputed companies with or without relationship with IDBI Bank	Self-employed professional having asset/ liability with the bank	All pensioners having pension account with IDBI Bank All self-employed non-professionals
Age	Minimum: 21 years Maximum: 60 years at the time of maturity	Minimum: 21 years Maximum: 60 years at the time of maturity	Minimum: 21 years Maximum: 75 years on loan maturity
Minimum net monthly income/ salary	Minimum annual net income of Rs. 1.8 lakh	Minimum annual net income  Rs. 3.6 lakh	Minimum annual income of Rs. 5 lakh for self-employed non-professionals
CIBIL Score	750 or above	750 or above	750 or above
Loan amount	Rs. 25,000 – Rs. 5 lakh	Rs. 25,000 – Rs. 5 lakh	Rs. 25,000 – Rs. 3 lakh
Loan tenure	12 to 60 months	12 to 60 months	12 to 60 months
Interest rate	12% to 15%	12% to 15%	12% to 15%

• Age: Age is one of basic factors considered for the eligibility of an applicant. Younger applicants can more easily qualify for a personal loan than individuals aged above 50 or approaching retirements. IDBI Bank offers a personal loan to salaried and self-employed professionals aged between 21 to 60 years and non-professionals and pensioners aged between 21 to 75 years.    
• Employment status: IDBI Bank personal loan is available for salaried employees, self-employed professionals, self-employed non-professionals and pensioners. 
• Repayment capacity: IDBI Bank personal loan is an unsecured loan. Hence, repayment capacity of an applicant plays a crucial role in personal loan eligibility. The bank offers a personal loan to salaried employees and self-employed professionals whose minimum annual income is Rs. 1.8 lakh and 3.6 lakh, and self-employed non-professionals should earn a minimum of Rs. 5 lakh per annum. Your monthly income and obligation (debt-to-income) ratio should be less than 50% to get a personal loan from IDBI Bank. You can use IDBI Bank personal loan EMI calculator to know your monthly payment and decide the loan amount and tenure accordingly.   
• Relationship with the IDBI Bank: Relationship with a lender is important to get a personal loan easily. Existing customers and ex-employees of the bank may find it easier to get the loan application approved. 
• CIBIL score: Credit score is of much importance in a personal loan due to its collateral-free nature. Loan applicants with a good credit score are considered less risky borrowers. To get a personal loan from IDBI Bank, you need to have a good to excellent credit score i.e. equal to or above 750. 

For salaried employees

• Proof of identity
• Address proof
• Credit information – PAN card
• A copy of a bank statement for the last six months
• Salary slips for the last three months 
• Employment certificate        

For self-employed employees

• Proof of identity 
• Address proof
• Credit information - PAN number 
• Highest profession degree for self-employed professionals
• Latest 2 years ITR along with computation of income, B/S, P&L a/c 
• Bank statement
• Proof of business continuation 
• Latest Form 16

You can apply for a personal loan online on Afinoz by taking the following steps:

• Go to the official website of Afinoz.
• Click on ‘Apply Now’ link on the personal loan bar. 
• Fill in the personal loan application form.
• You will see multiple loan offers from different lenders.
• Click on the loan offer that is most suitable to you.