EMI: ₹16,251/month at 10.5%. Min income: ₹34,577/month.
A ₹5 Lakh personal loan from IDBI Bank at 10.5% interest for 3 years will cost you ₹16,251 per month as EMI. You will pay a total interest of ₹85,036 over the loan tenure. The minimum monthly income needed is ₹34,577 (assuming no existing EMIs).
IDBI Bank Personal Loan EMI for ₹5 Lakh at 10.5% for 3 years is ₹16,251 per month.
You need a minimum monthly income of ₹34,577 for a ₹5 Lakh personal loan from IDBI Bank (at 10.5% rate, assuming no existing EMIs).
The total interest payable on ₹5 Lakh personal loan from IDBI Bank at 10.5% for 3 years is ₹85,036.
IDBI Bank charges a processing fee of 1% of loan amount + GST for Personal Loan.
IDBI Bank Personal Loan prepayment policy: 3% of outstanding.