Get business loans up to ₹1 cr
Avail easy balance transfer where loan closure
charges are borne by IDFC FIRST Bank
Get business loans
up to ₹1 cr
Avail easy balance transfer where loan closure charges are borne by IDFC FIRST Bank
-
Collateral-free funding
-
Quick eligibility
up to ₹50 lakhs -
Tenure up to 48 months
-
Collateral-free funding
-
Quick eligibility
up to ₹50 lakhs -
Tenure up to 48 months
Business Loan
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
Key Features
Loan tenure
up to 48 months
Collateral-free
funding up to ₹1 crore
Quick eligibility
up to ₹50 lakhs basis banking
Easy balance transfer
where loan closure charges
are borne by IDFC FIRST Bank
ELIGIBILITY
MSMEs/ non-Individuals such as:
- Private Ltd.
- Partnership firms
- LLPs
- Sole proprietors etc.,
Each meeting the minimum requirements as below:
- Minimum turnover of ₹1 crore
- Minimum business vintage of 3 years
- Photo identity and Address proof : As per RBI defined KYC guidelines. Ownership proof of office or residence
- Business Proof : Shop Act License/MOA & AOA/GST registration/ITR, Partnership Deed
Any one of the additional documents basis selected program
- Basis Banking - Latest 2 years ITR and Net worth statement, Latest 6 months Bank statements
- Or Basis GST - Latest 6 months banking, GST returns for the last 12 months, Latest ITR and computation
- Or Basis income - Latest 2 years ITR & computation, Latest 2 years audited PnL & Balance sheet, Latest 6 months Bank statements
FEES & CHARGES
Know about our minimal and transparent fees & charges
FREQUENTLY ASKED QUESTIONS
What is a Business Loan?
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.
What is the turnaround time for the disbursal and/or decision of the loan?
We do our best to create a quick turnaround time for your loan. We process your loan within 6-7 days.
How do I apply for a Business Loan?
If you’d like to apply for a Business Loan in India, we would request you to fill the form by clicking ‘Apply Now’. Our relationship manager will be in touch with you shortly.
