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Topic Review (Newest First)
October 9th, 2019 11:10 AM
Aakashd
Re: IDBI Bank Loan Facilities Provided To Women Entrepreneurs

Industrial Development Bank of India (IDBI) is one of the leading development banks of India, providing credit, banking and financial services to its customers. Among various banking and financial products, its business loan is quite popular.


IDBI Personal Loan Interest Rate


4th October 2019 RBI cuts repo rate by 25 bps to 5.15%

IDBI Personal Loan Interest Rates start from 13.20% with lowest rates for salaried borrowers working with reputed companies. Personal Loan rates for self-employed are higher.


IDBI Personal Loan Details

Salaried Self Employed

Lowest Interest Rate 13.20% 12.45%

Processing Fee 1% 1%

Loan Tenure 12 months to 60 months 12 months to 60 months

Loan Amount ₹ 50,000 to ₹ 10 Lakh ₹ 50,000 to ₹ 5 Lakh

Part Prepayment Charges Allowed after 1 EMI's, Allowed after 1 EMI's, Before 6
months - 2%, After that Nil prepayment charges

Preclosure Charges Allowed after 1 EMI's, Allowed after 1 EMI's, Before 6 Nil prepayment charges months - 2%, After that Nil
prepayment charges


Benefits of taking personal loan from IDBI Bank are:

Nil prepayment charges after 6 months of loan disbursal
Top up and Overdraft facility available
Easy processing of loan
IDBI Bank has been rated NAN/5.0 by customers for its service quality o MyLoanCare
IDBI Bank has over 2,060 branches in India where you can avail service
IDBI Bank offers special schemes and discounts for employees of large companies


Documents Required

For salaried employees
Filled up loan application form
2 Passport Size Photo
Income Tax PAN Copy
Identity Proof - Driving License/ PAN/ Passport/ Voter ID
Residential Address Proof - Registered Rent Agreement/ Passport/ Leave and License/ Utility Bill (up to 3 months old)
Income Documents - 2 years Form 16, 3 month pay slip, 3 months bank statement showing salary credit and any EMI debit
October 9th, 2019 11:10 AM
Unregistered
Re: IDBI Bank Loan Facilities Provided To Women Entrepreneurs

Can you provide me the Personal Loan Interest Rate for Industrial Development Bank of India (IDBI) as I want to check it before applying for it?
March 3rd, 2013 01:00 PM
siva wersta
Re: IDBI Bank Loan Facilities Provided To Women Entrepreneurs

Tell me about IDBI Bank Loan Advantages and features?
November 16th, 2011 05:37 PM
gp_toc
Re: IDBI Bank Loan Facilities Provided To Women Entrepreneurs

Industrial Development Bank of India (IDBI)
What are the services offered by Industrial Development Bank of India? What is the fixed deposit interest rate for senior citizens? What is the procedure of applying for World Currency Card at IDBI?
October 29th, 2011 01:23 AM
yuvaraj kumar
Re: IDBI Bank Loan Facilities Provided To Women Entrepreneurs

Women can start a unit with two to three women promoters as a partnership venture or as a cluster of units by the support of IDBI Bank Loan Facilities. This will help women to look after their family responsibilities and at the same time to take care the unit personally. Service industry and food industry are some of their tested areas of success. Appropriate engineering industries with low labour intensity may also be initiated. Government policy is placing strong emphasis to SSI units since last two years and many easy and innovative strategies are introduced by commercial banks/ financial institutions. Promoter`s equity/margin are reduced for women. IDBI Bank Loan Facilities Provided To Women Entrepreneurs self help group special schemes are available with public sector banks to start SSI units crossing confessional rate of interest and low margin and longer repayment period.

Schemes available for financing fixed assets and machinery are:
Term Loan
Lease finance
Hire purchase finance
Suppliers` bill discounting scheme
Deferred payment credit scheme

Address:
H. No. 6-3-657/F1, Kapadia Lane,
Somajiguda, Hyderabad – 500 082, India
Tel: +91 - 40 - 65535794,
October 25th, 2011 11:56 AM
Kesari Hello, please tell me what all documents are required to get the loan from IDBI bank for Women Entrepreneurs?

Following is features and advantages of IDBI Bank loan:

Advantages:
Flexibility of choosing between Floating or Fixed interest rate
Simple documentation
Maximum Funding
Legal and technical assistance
Balance transfer facility
Reassessment and adjustment of applicant's loan eligibility in case of change of income and residence status
EMI on daily reducing balance
Personalised doorstep service
Attractive rate of interest


Features
Tenor of a home loan can be up to 25 years for a resident individual (salaried & self employed professional) whereas for Self employed (resident Indian) & NRIs(salaried) the maximum tenure is 15 years subject to maximum age of 65 years at termination of loan.

Loan can be applied for a maximum of 80% of the property value.

Security for the loan is first mortgage of the property to be financed, normally by way of deposit of the title deeds .

Title of the property should be clear and free from encumbrances, i.e. without any pending legal litigation adversely affecting the ownership of the property.

Other parameters considered include age, income, number


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