IDBI Bank Business Loan

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.

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

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

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 of up to 1%, keeping your borrowing costs on the lower side. A good credit score can help improve your chances of securing loans with minimal fees and better overall terms.

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

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

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

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.

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.

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

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