Enjoy Zero Charges on All Commonly Used Savings Account Services
Login to the new experience with best features and services
Login to the new experience with best features and services
Customer care hotlineCall 1800 10 888
Loans for all business requirements
with IDFC FIRST Bank Vyapaar Vriddhi Loan
Loans for all business requirements
with IDFC FIRST Bank Vyapaar Vriddhi Loan
Small and micro enterprises generate substantial income and employment for rural households. However, they have limited access to resources from the banking and financial sectors, which could help them in upgrading their business. IDFC FIRST Bank micro-enterprise loan is offered to small and micro-enterprises. It can be applied for, from our nearest branch. This small business loan comes with one of the best MSME loan interest rates compared to informal financing sources. It offers some amazing benefits like borrowing with zero collaterals and doorstep collection.Read More
One of the best features is that it requires no income proof for a loan up to ₹3 lakhs. This loan is now available in 100% paperless mode with the Instant Disbursal Option. Hence, IDFC FIRST Bank offers just the right micro-enterprise loan if you’re looking to expand your small/ micro-enterprise. Read Less
Loan Processing Fees | Up to 2% of the Sanctioned Amount + GST |
EMI Bounce Charges per presentation | ₹500/- + GST |
Penal Charges | 2% per month of Unpaid EMI or ₹300/- (Whichever is Highest) + GST |
Cheque Swap Charges (per swap) | ₹500/- + GST |
Foreclosure/ Prepayment Charges | 5% of the principal outstanding amount + GST |
Stamping Charges | As Per Actuals |
Rate of interest | 17%-28% |
Average Credit TAT | 14 days for MSME tagged applications |
EMI Pick-up/collection charges | 500 /- |
Vyapaar Vriddhi Loans are the best options to meet all type of needs of your growing business with zero collaterals.
Loan application with OVD for loan amount up to INR 3L, income proofs for a higher loan amount.
Earn monthly interest credits on your savings account
Move to India's best lifetime Credit Card