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The IDBI Bank offers business loans under the MSME and Corporate segments to meet various capital requirements of the enterprises. The loan amount ranges up to ₹10 Crores.

IDBI Bank Business Loan Interest Rate & Charges

The following table presents the rate of interest and other charges applicable to the IDBI Bank Business Loans:

Particulars

Rate/Fees

Interest Rate

Based on the Repo Linked Lending Rate (RLLR), the Bank’s Base Rate and Rating

Processing Fee

0.50% to 1% of the sanctioned amount

Disclaimer: The rates and fees are subject to change at the bank’s discretion.

Features and Benefits of the IDBI Bank Business Loan

IDBI Bank Business Loans offer various advantages, including the following:

  • Loans for Various Purposes: You can get a loan to meet various business purposes, like working capital requirements, acquiring new equipment, and much more 

  • Swift Processing of the Loan Amount: Along with a simple digital application process, IDBI Bank also offers speedy processing to provide quick access to funds 

  • Low Processing Charges: The bank also charges low processing fees that go up to 1%, keeping your borrowing costs on the lower side

  • Door-to-Door Service: For the convenience of senior citizens and differently-abled, IDBI Bank provides banking services at their doorsteps

IDBI Bank Business Loan EMI Calculator

Loan Amount
Tenure
  • Months
  • Years
Rate of Interest
%

Monthly EMI

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest
Year Principal Interest Balance

IDBI Bank Business Loan Eligibility

Here are some of the basic requirements:

  • You must be between 21 years and 65 years old

  • The minimum business vintage must be 3 years

  • Self-employed individuals, business entities like partnership, limited liability company, private limited company or a proprietorship firm can apply

IDBI Bank Business Loan Documents

Here is a list of basic documents you need to furnish:

  • PAN card of the applicant(s) and the firm

  • Proof of identity

  • Proof of residence

  • Business existence proof, such as Sole Property Declaration, Memorandum and Articles of Association, Original Board Resolution, or Partnership Deed

  • Proof of business continuation

  • Bank statements and business financials

Types of Business Loan Schemes Offered by IDBI Bank

Here is a list of business lending facilities IDBI Bank offers under two different categories:

MSME

Check some of the MSME loans provided by IDBI Bank:

  • MSME Finance 

Under this scheme, MSMEs can opt for various banking services, including business loans, from IDBI Bank.

  • Property Power 

IDBI Bank offers this facility to MSME owners to apply for a loan amount of up to ₹5 Crores against a commercial or residential property.

  • Sahaj Vyapar Loan 

This loan facility provides a loan of up to ₹5 Crores to traders for their business and financial loans.

 

Corporate

Here are some of the loans under the corporate segment:

  • Term Loan 

IDBI Bank provides this loan to corporate sector firms for their working capital needs as well as to acquire new commercial assets.

  • Working Capital Finance 

These loans help corporate firms deal with their daily operational requirements.

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How to Apply for an IDBI Bank Business Loan

You can apply for the IDBI Bank Business Loans using the following three channels:

1. Online Method

You can easily apply for a business loan of your choice by visiting the official bank website and following these steps:  

  • Select the ‘MSME’ or ‘Corporate’ section

  • Choose a suitable lending facility and hit the ‘Apply Now’ button 

  • Click on the ‘Click here to start’ option

  • Fill in the required details to get a callback from the bank representative

2. Offline Method

You can also visit the nearest IDBI Bank branch and talk to a representative to fill in the required application form. 

3. Call Customer Service

You can also call the IDBI Bank phone banking helpline numbers 1800-209-4324 or 1800-22-1070 to apply for business loans.

IDBI Bank Customer Care

In case of any query or complaint regarding the IDBI Bank business loan, you can contact customer service through the following methods:

  • Email: customercare@idbi.co.in 

  • Toll-free Number: 1800-209-4324/1800-22-1070

  • Call Centre Numbers: 022-67719100

DISCLAIMER

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort. 

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs on the IDBI Bank Business Loan

What is the maximum tenure for an IDBI Loan for Service Sector?

You can get the IDBI Loan for Service Sector for a maximum duration of 7 years.

What is the margin of loan for IDBI Equipment Finance?

The margin of loan for IDBI Equipment Finance is 20% of the cost of assets.

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