EMI: ₹13,001/month at 10.5%. Min income: ₹27,662/month.
A ₹4 Lakh personal loan from IDBI Bank at 10.5% interest for 3 years will cost you ₹13,001 per month as EMI. You will pay a total interest of ₹68,036 over the loan tenure. The minimum monthly income needed is ₹27,662 (assuming no existing EMIs).
IDBI Bank Personal Loan EMI for ₹4 Lakh at 10.5% for 3 years is ₹13,001 per month.
You need a minimum monthly income of ₹27,662 for a ₹4 Lakh personal loan from IDBI Bank (at 10.5% rate, assuming no existing EMIs).
The total interest payable on ₹4 Lakh personal loan from IDBI Bank at 10.5% for 3 years is ₹68,036.
IDBI Bank charges a processing fee of 1% of loan amount + GST for Personal Loan.
IDBI Bank Personal Loan prepayment policy: 3% of outstanding.