EMI: ₹6,500/month at 10.5%. Min income: ₹13,830/month.
A ₹2 Lakh personal loan from IDBI Bank at 10.5% interest for 3 years will cost you ₹6,500 per month as EMI. You will pay a total interest of ₹34,000 over the loan tenure. The minimum monthly income needed is ₹13,830 (assuming no existing EMIs).
IDBI Bank Personal Loan EMI for ₹2 Lakh at 10.5% for 3 years is ₹6,500 per month.
You need a minimum monthly income of ₹13,830 for a ₹2 Lakh personal loan from IDBI Bank (at 10.5% rate, assuming no existing EMIs).
The total interest payable on ₹2 Lakh personal loan from IDBI Bank at 10.5% for 3 years is ₹34,000.
IDBI Bank charges a processing fee of 1% of loan amount + GST for Personal Loan.
IDBI Bank Personal Loan prepayment policy: 3% of outstanding.