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Compare Personal Loan - IDBI Bank vs Fullerton India

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Interest Rate
Interest Rate
12.00% - 13.50%
11.99% - 18.99%
Processing Fees
Processing Fees
Loan Amount
Loan Amount
₹ 50,000 to ₹ 10 Lakh
₹ 50,000 to ₹ 25 Lakh
Loan Tenure
Loan Tenure
12 to 60 Months
12 to 48 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,224
₹ 2,633
Part Payment Charges
Part Payment Charges
Allowed after 1 month at 2% of the outstanding loan amount + applicable taxes
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 1 month at Nil prepayment charges
Allowed after 6 months at 1 -17 months: 7%, 18 - 23 months: 5%, 24 - 35 months: 3%, After 36 months: Nil
Eligible Age
Eligible Age
22 to 60 Years
21 to 58 Years
Minimum Income
Minimum Income
₹ 20,000
₹ 17,000
Current Work Experience
Current Work Experience
12 Months
1 Month
Total Work Experience
Total Work Experience
36 Months
12 Months
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare EMI of IDBI Bank and Fullerton India Personal Loan

Loan Amount IDBI Bank Fullerton India
₹ 1 Lakh ₹ 2,224 ₹ 2,633
₹ 5 Lakh ₹ 11,122 ₹ 13,164
₹ 10 Lakh ₹ 22,244 ₹ 26,329
₹ 12 Lakh ₹ 26,693 ₹ 31,595

Which is a better bank for Personal Loan – Fullerton India or IDBI Bank?

IDBI Bank offers lower Personal Loan EMI at 2224 on a Personal Loan for 60 Months as compared to Fullerton India with a minimum EMI of 2633 for 48 Months. Average customer ratings for IDBI Bank is currently at /5.0 which makes it a good choice for taking a Personal Loan.

How does Fullerton India Personal Loan compare with IDBI Bank Personal Loan?

It is important to do a detailed comparison of Fullerton India and Personal Loan on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:

  • Lowest Interest rate of Fullerton India Personal Loan is 11.99%, which is lower than the lowest interest rate of IDBI Bank at 12.00%. Hence, Fullerton India is offering a cheaper loan option.
  • When compared on other Personal Loan charges such as processing fees, IDBI Bank charges a processing fees of 1.00% while Fullerton India charges a processing fees of 2%.
  • Fullerton India offers Personal Loan upto an amount of ₹ 25 Lakh while IDBI Bank offer Personal Loan upto an amount of ₹ 10 Lakh. Fullerton India can be a better option if you are looking for a high value amount.
  • One feature that makes Personal Loan a better option is foreclosure facility. IDBI Bank gives the option to close the loan after 1 months at Nil prepayment charges and Fullerton India gives the option to close the loan after 6 months at 1 -17 months: 7%, 18 - 23 months: 5%, 24 - 35 months: 3%, After 36 months: Nil. This makes IDBI Bank a better option for Personal Loan.
  • IDBI Bank allows part payment on Personal Loan after 1 months at 2% of the outstanding loan amount + applicable taxes, while Fullerton India does not offer part payment facility on Personal Loan. This makes IDBI Bank a better option for Personal Loan.
  • Fullerton India has an average customer ratings of 4.1, while has an average customer rating of , based on which it is clear that Fullerton India has a high customer service focus, an easy Personal Loan process and a quick turnaround.

Which bank offers lower interest rate on Personal Loan – Fullerton India or IDBI Bank?

As per the current rates, Fullerton India offers a lower interest rate of 11.99% on Personal Loan when compared to IDBI Bank which offers a Personal Loan at 12.00%.

Know all about Personal Loan

Know more about IDBI Bank Personal Loan

Know more about Fullerton India Personal Loan

Compare IDBI Bank Personal Loan With Other Banks

Compare Fullerton India Personal Loan With Other Banks

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