IDBI Bank Business Loan

IDBI Bank | Business Loan | 05-Mar,2021

About IDBI Bank: Industrial Development Bank of India, formally known as IDBI, is an Indian private sector bank owned by the Government of India. Its headquarters are located in Mumbai, Maharashtra. The bank was established on July 1, 1964.

Detail: To be eligible for a business loan, candidates should be at least 21 years of age.

Annual Percentage Rate (APR): --

Minimum & Maximum period for repayment (Loan Tenure): 12 to 36 months

Loan processing charges: 1% of the loan amount excluding applicable taxes

Late Payment: --

Foreclosure Charges: --

Partpayment Charges: --

Maximum Loan Amount: Rs. 2 crore

IDBI Bank Profile

Sector : Finance

Industry : Regional Banks

This bank is one of the other notable banks in India that offers a wide range of financial and banking products. In addition, this bank provides you with various types of loans in India, including personal loans, business loans, car loans, home loans, and others. This bank has a presence in almost all states and union territories of India. According to sources, M. R. Kumar currently holds the position of Chairman of IDBI Bank.

Know more

You will go on the Official website.

IDBI Bank ROI Max Loan Amount Tenure Processing Fee Late Payment Foreclosure Charges Partpayment Charges
Personal Loan 8.90% 20 lakhs 12 to 60 months 1% of the loan amount + applicable taxes -- -- --
Car Loan 7.50% -- 1 year to 7 years Rs.2.500 plus taxes -- -- --
Business Loan -- Rs. 2 crore 12 to 36 months 1% of the loan amount excluding applicable taxes -- -- --

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