When it comes to your business, you want to do everything in your power to ensure that it grows and thrives. With IDFC FIRST Bank Business Loan, we help you take your business to new heights. Whether it is to expand to new markets, buy new equipment, upgrade existing facilities, or meet the requirements of your working capital, IDFC FIRST Bank provides you with unsecured business lending solutions that cater to your diverse needs. Choose to bank with us and plan finances better for your business.Read More
Upscale your business with an IDFC FIRST Bank Business loan.Read Less
MSMEs/ non-Individuals such as:
Each meeting the minimum requirements as below:
Any one of the additional documents basis selected program
It is an unsecured loan which is provided to a self-employed individual and entity. It is typically used by businesses to upgrade or purchase equipment. It is repaid in equal instalments at fixed monthly intervals.
We do our best to create a quick turnaround time for your loan. We process your loan within 6-7 days.
Here’s a list of some of the many features you can access to under this loan:
· Collateral-free loans up to Rs.1 crore
· Attractive business loan interest rates
· Flexible tenure up to 48 months
· Unique loan transfer and top-up facility where loan closure charges will be borne by us
· Attractive top-up facility for existing customers
· Higher loan facility basis audited financials
· Quick loan based on business bank statements or your GST returns
· Superior customer experience with easy documentation and processes
Once you complete regular repayment of your EMI for 12 months, you will be given the opportunity to get a line increase on your existing loan.
You can get a loan for your business basis the following:
· GST returns
· Balance transfer with top-up
· OD/CC surrogate
Once you meet our Business Loan eligibility requirements, we can offer you a loan amount from a minimum of Rs.10 lakhs up to a maximum of Rs.1 crore
Our loan tenures range from a minimum of 12 months up to a maximum of 48 months.
We require a minimum business continuity of 3 years to avail a loan.
Applicants need to be a minimum of 28 years old and a maximum of 65 years old at the time of loan maturity.
While we don’t require any security or guarantor for this loan, a co-applicant is mandatory.
We cannot predict future and hence we try to protect it by providing you insurance cover as below-
· Group term insurance
· Life Group Credit Protect
· Health Protect plans
· Accident protect plan