IDBI Bank

IDBI Bank

Overview

IDBI Bank offers Business Loan to business people for their short or long term financial needs. A lot of times it is important for businessmen to acquire a certain amount of money for running their enterprise. It is well known that without the required capital no business can run.

 

Loan Feature

Loan Amount Upto Rs 5 crore
Interest Rate N.A.
Tenure 5 years
Pre Payment Charges Not mentioned
Service Charges

Processing charges:

Upto 1% on the loan amount

Eligibility Criteria : Business Loan

  Self
Age Age criteria not provided
Income Income criteria not provided
Job Experience Job experience not provided
Residence Proof Residence proof not provided

Docs Required : Business Loan

  Self
ID Proof Passport/driving license/voter ID
Address Proof Electricity bill/telephone bill
DOB Proof Certificate of birth/Matriculation certificate
Financial Docs
  • Bank Statements(latest 6 months bank statement /passbook)
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years, certified by a CA
  • Qualification proof of the highest professional degree

Other Charges : Business Loan

N/A

Products offered by IDBI Bank

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- Amardeep

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