To meet unexpected financial exigencies or come out of high-priced Credit Cards funds, you can avail Personal Loan from IDBI Bank through Avyud Finance. Be it a marriage in the family, renovation of the house, meeting urgent educational / hospitalization expenses, or travel abroad. At times, Personal Loan comes in handy while arranging for Earnest Money to apply for a Plot / House, or to manage Margin Money funding to avail of a Personal Loan / Construction Loan.
₹
500000
36
months
10
%
Monthly EMI
₹
₹ 32,124.56
Total Interest
₹
10,622.78
Principal Amount
₹
500000
Payable Amount
₹
160,622.78
| Pay No. |
Begining Balance | EMI | Principal | Interest | Ending Balance |
|---|---|---|---|---|---|
| 1 | 150000.00 | 32124.56 | 28637.06 | 3487.50 | 121362.94 |
| 2 | 121362.94 | 32124.56 | 29302.87 | 2821.69 | 92060.07 |
| 3 | 92060.07 | 32124.56 | 29984.16 | 2140.40 | 62075.91 |
| 4 | 62075.91 | 32124.56 | 30681.30 | 1443.26 | 31394.61 |
| 5 | 31394.61 | 32124.56 | 31394.64 | 729.92 | -0.03 |
Rs. 1,80,000/- Per Annum for Salaried Class
Fixed for Salaried Individuals
All salaried customers have a corporate salary account with IDBI Bank. All Confirmed/permanent employees of State/Central/ PSU/ Departments, Multinational Companies, Listed Companies, Reputed Pvt Ltd Companies with or without an existing relationship with IDBI Bank.
To meet unexpected financial crunch / do away with expensive Credit Card funds. At IDBI Bank you can avail Personal Loan for household buys, education of your children, hospitalization or any immediate payments. No end usage of funds stipulated. May even apply for a Personal Loan to meet the Margin Money requirement of your Home Loan.
EMI means Equated Monthly Installment which includes principal and interest. You repay your loan by way of EMIs by giving standing instructions to debit your SB account with us. EMI is recovered every month on a predetermined date.
Along with loan application you need to submit identity and residence proof, latest salary slip, form no.16, last six month’s bank statement. Loan application needs to be complete in all respects, you have to affix a photograph on the application at the provided place in application for the Personal Loan.
Interest is charged at a predetermined rate on reducing balances. It is debited to loan account at monthly rests i.e end of every month.
For current rate of interest please contact nearest IDBI Bank branch.
Note: This content is taken from IDBI Bank website
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