Home » IDFC Bank Business Loan
IDFC Bank logo

IDFC Bank Business Loan

A wide range of financial products and services are provided by IDFC Bank for meeting the varying requirement of the customers. With the passage of the time IDFC Bank has built a strong trust by providing some of the best products and services to its customers. If you are planning to apply for a loan to meet your business requirements, then IDFC Bank business loan is one of the best options available.

IDFC provides high quantum business loans as well as allows you to use the funds as per your business requirements. You can use the funds for purchasing the assets, paying your old debts, initiating the new venture or even for starting a new business. IDFC Bank business loan is instantly available at low-interest rates, so you can easily fulfill your fund requirements at affordable rates.

Apply Business Loan

Please enter your NamePlease enter valid Name
Please enter a valid email addressPlease enter your email address
Please enter a valid mobile numberPlease enter your mobile number
Please Select Office Type
Please Select House Type
Please enter a valid Company Name
Please answer the above question
Please enter your inhand salary.Minimum annual income of Rs. 20 Lakh is requiredMinimum turnover of Rs. 20 Lakh is required
loading2

Why should IDFC Business Loan be your choice?

IDFC Business Loan is available at a highly competitive rate, and you can get the funds instantly within just a few days, so you can easily meet your urgent business requirements. In addition, there are numerous other benefits which make IDFC Business Loan your best choice; take a look:-

  • Competitive interest rates
  • Loan available for almost all enterprises
  • Instant loan process
  • Funds available for multiple business needs
  • Quick disbursal of cash
  • Customized loan offers
  • Flexible repayment tenure up to 5 years
  • No collateral required
  • Only a few documents required

IDFC Bank Business Loan Interest Rate

The rate of interest will range from 11.69 % to 15% p.a. It will depend on the customer’s credit score, credit history, the relationship with the bank, and the bank’s internal policies.

Salaried Individual

Loan Amount

Starting From Rs. 50,000 up to Rs. 20 lakhs

Interest Rate

11.69% - 15%

Loan Tenure

From 3 months up to 60 months

Processing Fee

1.5% of the loan amount

Age

24 years up to 60 years

Prepayment Charges

Allowed after 3 EMIs.

Foreclosure

Allowed after 3 EMIs, 3% of outstanding amount

Know the Major-Highlights of IDFC Business Loan

IDFC Bank offers multiple loan schemes and makes the business loan available at quite low interest rates. The loans are available for the medium as well as small sized enterprises, so even if you are just starting the business then also you can easily get a high quantum loan.

IDFC Business Loans are available without any collateral, so just apply for the loan and get the funds in your account. This loan comes with multiple benefits, and some of the major highlights are listed below; have a look:-

Affordable interest rates

The rate of interest offered by IDFC Bank is quite low which makes it an affordable option for the borrowers.

Instant loan up to 30lac

You can instantly meet the heavy requirement of capital with IDFC as loan up to 30lac is available in just a few clicks.

No need of collateral

You need not put any collateral for availing the business loan from IDFC Bank so that you can easily get loan without any assets.

Low loan processing charges

The loan processing fee charged by the bank is only up to 2%, which is comparatively low so that you get a loan at a low cost.

Low EMIs extending up to 5 years

You can easily repay the loan in small monthly EMIs depending upon your future inflow of the funds. You can extend the repayment tenure up to 5 years.

No income proof required for loan up to 3lac

If your loan amount is below or up to 3lac, then you need not provide any income proof for the approval of the business loan.

Basic eligibility criteria

The eligibility criteria to apply for the business loan is quite a basic one, so anyone can easily qualify to apply for the IDFC Business Loan.

Hassle-free documentation process

The process of document verification is also quite easy with IDFC Bank, and requires only a few minutes.

Personalized loan options

You can easily get the loan as per your requirement because the bank provides tailor-made loan options to the applicants.

IDFC Bank Business Loan Fees & Charges

Processing Fees 1.5% of the loan amount
Foreclosure Charges IDFC Bank allows prepayment of personal loan after paying 3 EMI’s with 3% prepayment charges applicable
Eligibility Criteria

What are the Eligibility Criteria for IDFC Business Loan?

Every bank has certain eligibility criteria which need to fulfill in order to apply for the loan. The best part is that IDFC Bank has very basic criteria for the business loan. Let’s know the eligibility criteria for IDFC Business Loan in detail:-

1.

In order to apply for a business loan from IDFC, your minimum age should be 21 years, and your maximum age should be 65 years at the time of the loan maturity.

2.

You should be a self-employed professional, self-employed individual, partnership firm or a sole proprietor.

3.

Your annual turnover should be more than minimum annual turnover required by the bank which is 15lac.

4.

Your current business should be in existence for more than 36 months.

Important Documents for IDFC Business Loan

For the purpose of approval of your loan, you need to provide some important documents. IDFC requires some basic documents for the approval of the business loan. Let’s know the documents required for IDFC Business Loan:-

  • ID Proof – Passport/Driving License/Voter Id Card/Aadhar Card

  • Residence Proof – Telephone Bill/Aadhar Card/Passport/Electricity Bill

  • PAN Card – You need to submit the PAN card for the company

  • Statement of Bank– You need to represent the bank statement for previous 6 months

  • Income Proof – Latest ITR/P&L account and Balance sheet

Documents Required

Why to Apply for IDFC Business Loans at Rupee Station?

At Rupee Station, youcan easily apply for a business loan in just a few clicks and get an instant loan. We make the business loans available at lowest rates in just 2 days as we enjoy an exclusive collaboration with IDFC Bank, so you can easily avail the best offers. Here are some of the reasons to apply for IDFC Business Loans at Rupee Station; know in detail:-

Customized loan option

At Rupee Station, you can easily get the loan in accordance with your requirement as we provide customized loan options.

Apply in a minute

With us, you can easily apply for the business loan in just a minute as you only need to fill an online application loan form.

Enjoy hassle-free loan process

The loan process becomes easy with Rupee Station as you just need to fill the form and we take care of the further proceedings. In addition, the process of documentation also becomes paperless with Rupee Station.

Cash in just 2 days

You can get the funds in your account instantly in just 2 days, so you also meet your instant funds requirement of your business.

Know the status of application in a click

You can also know the status of your application online as we offer instant online status tracking.

Follow these Simple Steps to apply for loan at Rupee Station

You can easily apply for IDFC Bank business loan in just a minute at Rupee Station. Here are the simple steps that you need to follow to apply forthe business loan at Rupee Station:-

Step 1

Fill the loan application form at our website in just a minute.

Step 2

Your loan application will be reviewed by the financial experts and will connect with you to get other required information.

Step 3

Receive the cash in your account in just 2 days, once your loan application is approved.