- Home
- Personal Loan
- Idbi Bank
- IDBI Bank Government Employees Personal loan
IDBI Bank Government Employees Personal loan
- Personal Loan By Amount
- Personal Loan By Profession
- Personal Loan By Other
- Personal Loan By Scheme
- IDBI Bank Personal Loan of 3 Lakh
- IDBI Bank Personal Loan of 4 Lakh
- IDBI Bank Personal Loan of 5 Lakh
- IDBI Bank Personal Loan of 30000
- IDBI Bank Personal Loan of 40000
- IDBI Bank Personal Loan of 50000
- IDBI Bank Personal Loan of 1 Lakh
- IDBI Bank Personal Loan of 2 Lakh
IDBI Bank personal loan for government employees is designed specifically as a financial solution that aims to meet the diverse needs of government personnel, whether it's for emergency expenses, education, home renovation, or other personal goals. With competitive interest rates, minimal documentation, and a streamlined approval process, IDBI Bank ensures that government employees can access funds quickly and with ease. The bank's focus on this demographic underscores its commitment to providing customised banking solutions, highlighting the understanding of government employees' unique financial stability and needs.
- Personalized Personal Loan solutions
- Expert guidance
- Application assistance
- Credit score discussion
- Personal Loan Interest rate comparison
Table of Content
Written By
Reviewed ByIDBI Bank Personal Loan for Government Employees – Highlights
Take a look at the highlights for IDBI Bank Personal Loan for government employees:-
| Interest Rate | 12.9% (Average) |
| Processing Fees | 1% of the loan amount plus applicable taxes |
| Loan Tenure | 12-60 Months |
| Minimum Salary | ₹1,80,000 |
| Loan Amount | ₹25,000-₹5,00,000 |
| Guarantor Requirement | No Guarantor Required |
Compare IDBI Bank Government Employees Personal Loan from Other Banks
Here is a snapshot of the comparison of IDBI Bank state employees’ loans with those of other banks and financial lenders. Take a look!
| Banks/NBFCs | Interest Rates(p.a.) |
| Axis Bank | 10.49% onwards |
| IndusInd Bank | 10.49% onwards |
| IDBI Bank | 12.9% onwards |
| IDFC First Bank | 10.75% onwards |
| HDFC Bank | 10.50% onwards |
| ICICI Bank | 10.80% onwards |
| Kotak Mahindra Bank | 10.99% onwards |
| Tata Capital | 10.99% onwards |
| Bajaj Finserv | 11.00% onwards |
| Federal Bank | 11.49% onwards |
| DMI Finance | 12.00% – 40.00% |
| L&T Finance | 12.00% onwards |
Fees and Charges for IDBI Bank State Employees Personal Loan
Here’s a snapshot of IDBI Bank Personal Loan for government employees’ fees and charges.
| Charge Type | Period from Disbursement | Charges |
| Foreclosure Charges | Within 12 months | 2% of the remaining balance on the loan |
| Between 12 to 24 months | 1% of the remaining loan amount | |
| After 24 months | Nil | |
| Part Payment Charges | Within 6 months | 2% of the outstanding loan amount |
| After 6 months | 1) Nil
2) Maximum part payment allowed is 10% of the outstanding loan amount, subject to a minimum of ₹10,000 3) Part payment allowed up to 3 times in a year, with a minimum interval of 90 days between payments. |
IDBI Bank Personal Loan for Government Employees – Documents Required
The following documents are required for government employees to obtain an IDBI Bank Personal Loan.
- Recent salary slips
- Identity proof – Passport, Driver’s licence, Aadhar Card, Voter ID Card
- A salary certificate dated currently, along with the latest Form 16
- Latest Income Tax Return (ITR) or Form 16
IDBI Bank Personal Loan Eligibility for Government Employees
The following are the IDBI Bank personal loan eligibility criteria for state employees.
- Employment Criteria: Must be a permanent employee with at least one year of uninterrupted service in Public Sector Units (PSUs), Government/Semi-Government/Quasi-Government bodies, Public Limited Companies, Private Limited Companies, Multinational Companies, Reputed Institutions, Eligible for salaried customers with a salary account at IDBI Bank.
- Salary Requirements: Minimum annual income of Rs. 1,80,000.
