EMI: ₹3,250/month at 10.5%. Min income: ₹6,915/month.
A ₹1 Lakh personal loan from IDBI Bank at 10.5% interest for 3 years will cost you ₹3,250 per month as EMI. You will pay a total interest of ₹17,000 over the loan tenure. The minimum monthly income needed is ₹6,915 (assuming no existing EMIs).
IDBI Bank Personal Loan EMI for ₹1 Lakh at 10.5% for 3 years is ₹3,250 per month.
You need a minimum monthly income of ₹6,915 for a ₹1 Lakh personal loan from IDBI Bank (at 10.5% rate, assuming no existing EMIs).
The total interest payable on ₹1 Lakh personal loan from IDBI Bank at 10.5% for 3 years is ₹17,000.
IDBI Bank charges a processing fee of 1% of loan amount + GST for Personal Loan.
IDBI Bank Personal Loan prepayment policy: 3% of outstanding.