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IDBI Bank Senior Citizens/Pensioners Personal loan
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- IDBI Bank Personal Loan of 3 Lakh
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- IDBI Bank Personal Loan of 50000
- IDBI Bank Personal Loan of 1 Lakh
- IDBI Bank Personal Loan of 2 Lakh
IDBI Bank offers a personal loan scheme tailored specifically for senior citizens. This initiative is designed to meet the unique financial requirements of older individuals, providing them with a flexible and accessible source of funds. The IDBI Bank Personal loan for senior citizens can be used for various purposes, including medical expenses, home renovation, or fulfilling any personal need. With competitive interest rates and a simplified application process, this loan is intended to offer financial support without adding undue stress to the aged citizens. IDBI Bank ensures that senior citizens have a reliable financial option to rely on, making this loan an excellent choice for immediate financial needs.
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Table of Content
IDBI Bank Personal Loan for Senior Citizens – Highlights
Take a look at the highlights for IDBI Bank Instant Loan for Senior Citizens:-
IDBI Bank Personal Loan Interest for Senior Citizens | Fixed Rate |
Processing Fees | 1% of the loan amount plus applicable taxes |
Loan Tenure | 12-60 Months |
Loan Amount | ₹25,000-₹3,00,000 |
Guarantor Requirement | No Guarantor Required |
Compare IDBI Bank Senior CitizensLoan With Other Banks
Here is a snapshot of the IDBI Bank Senior CitizensLoan comparison with other banks and financial lenders.
Banks/NBFCs | Interest Rates(p.a.) |
Axis Bank | 10.49% onwards |
IndusInd Bank | 10.49% 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 |
IDBI Bank Personal Loan for Senior Citizens – Fees & Charges
Here’s a snapshot of the fees and charges associated with IDBI Bank Instant Loan for Senior Citizens:-
Charge Type | Period from Disbursement | Charges |
Foreclosure Charges | Within 12 months | 2% of the outstanding loan amount |
Between 12 to 24 months | 1% of the outstanding 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 Senior Citizens- Documents Required
The following documents are required for IDBI Bank Personal Loan for senior citizens.
- A signed application form, accompanied by a photograph.
- Identification documents, which could be a copy of your passport, voter ID card, or driving license.
- A cheque for the processing fee.
- Bank statements from the last 3 months or a bank passbook for the last 6 months.
IDBI Bank Instant Loan for Senior Citizens– Eligibility Criteria
The following are the eligibility criteria for senior citizens for IDBI Bank Personal Loan.
- Age Criteria: The maximum age is 75 years at the time of loan maturity.
- Minimum Pension: One should be getting ₹1,80,000 as a pension annually.
- Loan Amount: The minimum loan amount is ₹25,000, and the maximum loan amount that one can avail is ₹3,00,000.
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Personal Loan Calculators
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Bank Wise Personal Loan Interest Rate
- RBL Bank Personal Loan Interest Rate
- DCB Bank Personal Loan Interest Rate
- karnataka bank Personal Loan Interest Rate
- Reliance Capital Personal Loan Interest Rate
- Federal Bank Personal Loan Interest Rate
- IDBI Bank Personal Loan Interest Rate
- karur Vysya Bank Personal Loan Interest Rate
- IDFC FIRST Bank Personal Loan Interest Rate
- YES Bank Personal Loan Interest Rate
- Kotak Bank Personal Loan Interest Rate
- ICICI Bank Personal Loan Interest Rate
- CITI Bank Personal Loan Interest Rate
- Deutsche Bank Personal Loan Interest Rate
- HDFC Bank Personal Loan Interest Rate
- HDFC Sales Personal Loan Interest Rate
- Axis Bank Personal Loan Interest Rate
- IndusInd Bank Personal Loan Interest Rate
- HSBC Personal Loan Interest Rate
- Union Bank of India Personal Loan Interest Rate
- Punjab & Sind Bank Personal Loan Interest Rate
- State Bank of India Personal Loan Interest Rate
- Indian bank Personal Loan Interest Rate
- Canara Bank Personal Loan Interest Rate
- Punjab National Bank Personal Loan Interest Rate
- Bank of Baroda Personal Loan Interest Rate
- Bank of India Personal Loan Interest Rate
- Bank of Maharashtra Personal Loan Interest Rate
- CASHe Personal Loan Interest Rate
- Prefr Personal Loan Interest Rate
- Tata Capital Financial Services LTD Personal Loan Interest Rate
- Ujjivan Small Finance Bank Personal Loan Interest Rate
- Edelweiss Financial Services Personal Loan Interest Rate
- PaySense Personal Loan Interest Rate
- MoneyWide Personal Loan Interest Rate
- Clix Capital Personal Loan Interest Rate
- Muthoot Finance Ltd Personal Loan Interest Rate
- InCred Financial Services Personal Loan Interest Rate
- IndiaBulls Personal Loan Interest Rate
- DHFL Personal Loan Interest Rate
- IIFL Finance Personal Loan Interest Rate
- FT Cash Personal Loan Interest Rate
- Shriram Urban Co Operative Bank Limited Personal Loan Interest Rate
- Fullerton India Personal Loan Interest Rate
- L&T Finance Personal Loan Interest Rate
- Bajaj Finserv Personal Loan Interest Rate
- Loantap Credit Products Private Limited Personal Loan Interest Rate
- AU Small Finance Bank Personal Loan Interest Rate
- Tata Capital Housing Finance Limited Personal Loan Interest Rate
- Capital First Ltd. Personal Loan Interest Rate
- Aditya Birla Finance Limited Personal Loan Interest Rate
- Poonawalla Fincorp Limited Personal Loan Interest Rate
- Privo Personal Loan Interest Rate
- Hero FinCorp Personal Loan Interest Rate