IDBI Business Loan Interest Rate Calculator - Oct 2016

IDBI Bank Business Loan Interest Rates

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IDBI Bank Business Loan
IDBI Bank Business Loan Interest Rate 13.00% - 14.00%
Lowest EMI Rs. 2,275 per lakh
Tenure From 12 months to 60 months
Loan Amount Min Rs. 50,000 and Max Rs. 500,000
Processing Fee 1%
Part Prepayment, Charges Allowed after 1 EMI's,
Early Foreclosure, Charges Allowed after 1 EMI's, Nil prepayment charges
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IDBI Bank Business Loan

IDBI Bank gives the facility of business loan to the people who need finance to expand their business. There are some benefits of taking business loan from IDBI Bank:
  • You can prepay part of your loan anytime after paying 1% prepayment charges
  • You can foreclose your entire Business loan anytime after paying the forclosure charges
  • IDBI Bank has over 2,060 branches in India where you can avail service

Business Loan IDBI

IDBI Bank business loan interest rate is the rate which you pay over the loan amount that you have borrowed from the bank. Business loan interest rates offered by IDBI Bank are fixed as well as floating
  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in IDBI Bank benchmark rate and should be chosen only if you believe that the rates will not hike in future
  • In contrast to this are floating rates which changes with a single change in IDBI Bank benchmark rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates
IDBI Bank Business Loan Interest Rate depends upon
  • IDBI Bank business loan amount: Business loan rate in IDBI Bank depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • CIBIL Score: IDBI Bank offers business loan at higher interest rate if your CIBIL score is poor or vice versa
  • Monthly Revenue: IDBI Bank will avail you business loan at lower interest rate if you have higher monthly revenue
  • Time in Business: IDBI Bank offers business loan at lower rates if you are doing business since long time

IDBI Bank Business Loan Charges

IDBI Bank Business Loan foreclosure charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. IDBI Bank allows prepayment of business loan after paying 1 EMI’s with prepayment charges
IDBI Bank Business Loan processing fee- IDBI Bank asks for a processing fee of 1% of loan amount with applicable service tax

IDBI Business Loan EMI Calculator

Business Loan EMI is a fixed amount that you pay each month towards the repayment of your business loan till the end of tenure. Lowest EMI offered by IDBI Bank is 2,275 per lakh loan amount. IDBI Bank business loan EMI depends on factors like:
  • Interest Rate: Higher the interest rate, higher will be the EMI. For a 60 months business loan from IDBI Bank at interest rate of 13.00% per annum, EMI will be Rs. 2,275 per Rs. one lakh loan amount. At interest rate of 14.00% for the same loan, the EMI will be Rs. 2,327
  • Loan tenure: Longer the loan tenure, lesser your monthly EMI. At interest rate of 13.00% per annum, the EMI on IDBI Bank business loan would range from Rs. 8,932 to Rs. 2,275 for loan tenure ranging from 12 to 60 months
  • Amount Borrowed: IDBI Bank business loan EMI will be high if you apply for a high loan amount. For amount borrowed 50,000, the EMI at 13.00% for 60 months would be 1,138. Similarly for amount borrowed 500,000, the EMI at 13.00% for 60 months would be 11,377.

What are the benefits of calculating business loan EMI?

  • EMI calculator of IDBI Bank Business loan helps you to calculate your monthly EMI at different rate of interest
  • IDBI Bank Business loan EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
Estimated EMI online by using Business Loan EMI Calculator.

IDBI Business Loan Eligibility Calculator

Business loan eligibility criteria IDBI Bank

Eligibility of Business loan in IDBI Bank relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
  • Profitability: Business loan eligibility significantly depends upon profitability and future prospects of your business.
  • Business Stability: Future business prospects and its stability is important to improve your eligibility for business loan. IDBI Bank requires minimum business track record of 60 months. and bank statement for minimum 6 months will be required by IDBI Bank
  • CIBIL Score: When checking eligibility for business loan, IDBI Bank will look at the complete CIBIL report. IDBI Bank will check your repayment history for all current and past loans and credit cards.

Business Loan IDBI documents required

  • Address proof of individual: Aadhar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills.
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI
  • Bank statement of last 6 months

Compare IDBI Business Loan

Comparison of IDBI Bank Business Loan with other banks

IDBI Business Loan in India

IDBI Bank Business Loan Customer Care Number, Email, Application Status

Contact Details of IDBI Bank Business Loan Branches
City Customer Care Number
Agra 1800-200-1947
Ahmedabad 1800-200-1947
Ambala 1800-200-1947
Anand 1800-200-1947
Aurangabad 022 2207 8732
Bangalore 080 2238 6757
Bhilai 1800-200-1947
Bhilwara 1800-200-1947
Bhiwadi 1800-200-1947
Bhopal 1800-200-1947
Bhubaneswar Cuttack 1800-200-1947
Bikaner 1800-200-1947
Chandigarh 1800-200-1947
Chennai 044 4303 6648
Cochin 1800-200-1947
Coimbatore 1800-200-1947
Dehradun 1800-200-1947
Delhi 011 2399 4348
Durg 011 2399 4348
Faridabad 011 2399 4348
Gandhinagar 022 2207 8732
Ghaziabad 0120 270 0798
Goa 0832 242 6525
Greater Noida 0120 270 0798
Gurgaon 0120 270 0798
Guwahati 1800-200-1947
Gwalior 1800-200-1947
Hyderabad 040 6690 8171
Indore 1800-200-1947
Jabalpur 1800-200-1947
Jaipur 1800-200-1947
Jalandhar 1800-200-1947
Jodhpur 1800-200-1947
Kanpur 1800-200-1947
Karnal 1800-200-1947
Kolhapur 022 2207 8732
Kolkata 033 2568 6253
Kota 1800-200-1947
Kozhikode 1800-200-1947
Lucknow 1800-200-1947
Ludhiana 1800-200-1947
Madurai 1800-200-1947
Meerut 1800-200-1947
Mehsana 1800-200-1947
Mohali Sas Nagar 1800-200-1947
Mumbai 022 2207 8732
Mussoorie 1800-200-1947
Nagpur 022 2207 8732
Nashik 022 2207 8732
Noida 0120 270 0798
Noida Extn. 0120 270 0798
Panipat 1800-200-1947
Patna 1800-200-1947
Pondicherry 1800-200-1947
Pune 020 6603 0300
Raipur 1800-200-1947
Rajkot 1800-200-1947
Ranchi 1800-200-1947
Rohtak 1800-200-1947
Roorkee 1800-200-1947
Salem 044 4303 6648
Shimla 1800-200-1947
Sonepat 1800-200-1947
Surat 1800-200-1947
Trichy 1800-200-1947
Udaipur 1800-200-1947
Vadodara 1800-200-1947
Varanasi 1800-200-1947
Vijaywada 1800-200-1947
Vizag 1800-200-1947
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IDBI Business Loan News - Oct 2016
12th Aug 16 IDBI Bank Q1 net profit rises 78 per cent to Rs241.10 crore on tax write back
IDBI Bank has reported an increase of 78.35 per cent in its net profit in the June quarter of FY17 due to a large tax write back during the quarter. Net profit rose to Rs. 241.10 in June quarter of current fiscal crore from Rs. 135.18 crore in the same period of previous year. Net interest income of the bank rose by 14.2 per cent to Rs. 1706.50 crore in the June quarter of FY17 from Rs.1494.33 crore in the same period of FY16. Gross NPAs as a percentage rose by 9.65 per cent to Rs. 27275.15 crore in June quarter from Rs. 24875.07 crore in the March quarter. Net NPAs of the bank stood at 7.47 per cent in the June quarter up from 6.78 per cent in the previous quarter ending March 2016 and 3.18 per cent in the same quarter last year.
29th Jul 16 IDBI Bank cuts base rate by 10bps to 9.65%
With effect from 1st August 2016, IDBI Bank has announced a cut of 10 basis points in its base rate and base rate will stand revised to 9.65 percent. The Bank has also announced a reduction in Benchmark Prime Lending Rate (BPLR) to 14.15 percent.. If you have taken Home Loan or Persona Loan from IDBI before 1st April 2016 at floating rate then you will benefit from this rate cut. But if have taken home loan at fixed rate you will not be effected by the rate cut.
20th Jun 16 Bank Q4 net loss at Rs 1,736 crore as bad loans double
IDBI Bank announced a net loss of Rs 1,735.81 crore for Q4FY16 due to the increase in bad loans. Total income for the bank also decreased to Rs 8,274.58 crore during the March quarter as against Rs 9,382.37 crore in the year ago period. Net NPA of the bank stood at 6.78 per cent as compared to 2.88 per cent a year ago
04th Nov 15 IDBI Bank profit flat at Rs 120 cr as bad loans mount
IDBI Bank reported a flat net profit at Rs 120 crore in the three months to September due to higher provisioning for bad loans.