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IDFC Bank Business Loan Small Segment
IDFC First Bank, a debt-issuing institution in India, is listed in the NSE and BSE lists. In India, IDFC First Bank offers debt financing to small and medium-sized businesses and consumers.
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IDFC Bank Business Loan Small Segment
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IDFC Bank Business Loan Small SegmentHere are a few factors
| Location | 50 Km from Branch |
| CIBIL Score | Funding on Score Card Basis |
| Processing | Online |
| Business Vintage | 2 Year |
| Minimum Turnover | Not Required |
| Loan Amount & Tenure | 1
Lac-9 Lac (12 Month to 48 Month) |
| Loan Product | Term Loan |
| Rate of Interest & Type | 20% to 23%(Reducing) |
| TAT | Sanction-1 Days Disbursement-6 Days |
| Processing Fees | 2% |
| Foreclosure Charges | 5% (12 month lockin period) |
| Applicant Type | Any Self Employed Person |
| Whether Co-Applicant Mandatory | Yes, when applicant is other than individual or proprietorship firm or his age is less than or more than the standard age |
| Proprietor Age/Co-Applicant Age | 25 Year-65 Year |
| Part Payment Allowed | No |
| Whether Ownership Proof Required | Yes, Either Office or Residence should be owned within reach of IDFC Bank |
| Business Registration Proof Mandatory | Yes (Vintage can be taken from ITR if business name reflected in ITR) |
| Program | 1. Banking Program |
| Product for Professionals | No |
| Negative Profile | Advocates, School, Grain Traders, Jewellers, Share Traders, Liquor Business, Both Side Rented, Real Estate |
| USP | No Turnover Required |
| Additional | 1. 100% Shareholding required on Loan if applicant is LLP/Partnership firm/Company |
IDFC Bank Business Loan Small Segment EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 9.5 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,768 |
| Total Interest | ₹ 5,220 |
| Loan Amount + Interest | ₹ 105,220 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,118 | ₹ 2,186 | ₹ 26,304 | ₹ 75,882 | 24.12 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,877 | ₹ 3,035 | ₹ 78,912 | ₹ 5 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Documents Required for IDFC Bank Business Loan
Let’s look into the eligibilities and required Documentation to make your application process even smoother:
Documents Required
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Note : IDFC Bank Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
About IDFC Bank (Small Segment) Business Loan
Hello, and welcome to a world of financial opportunities designed specifically for small enterprises. IDFC Bank understands that every firm has different goals, and so it is here to help you achieve those goals with our small-segment business loans.IDFC Bank knows that small companies are the foundation of the economy.
So they have designed loans that are tailored to your personal requirements, ensuring that your success experience is unique. Bid goodbye to time-consuming loan applications. Asking for a loan with IDFC Bank is simple, providing you with a greater opportunity to focus on what actually contributes—your business. Your company deserves financial assistance without breaking the bank. Profit from competitive interest rates that allow for expansion.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
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