IDBI Bank provides business loans and MSME loans to self-employed professionals, MSMEs, and other business entities at an interest rate ranging from 8.05% to 13.45% per annum. The loan amount offered through various schemes ranges from Rs. 50,000 to Rs. 5 crores, with repayment terms of up to 10 years. IDBI Bank offers a variety of loan facilities including term loans, cash credit, overdrafts, bill discounting, letter of credit, and bank guarantees. Let's discuss the different types of business loans IDBI Bank offers for various segments of entrepreneurs and MSMEs.
Also read: Best Business Loan Interest Rate
IDBI Bank, in collaboration with the Stand Up India scheme, provides composite loans ranging from Rs. 10 lakh to Rs. 1 crore to SC/ST and Women Entrepreneurs for Green Field Projects. Through the official web portal of Stand Up India (www.standupmitra.in), prospective borrowers can apply for loans or credit facilities and access information about various existing and upcoming projects.
IDBI Bank provides loans for micro, small, and medium enterprises (MSMEs) to fulfill their business needs at an interest rate starting from 8.05% per annum onwards.
Also read: Best Business Loan EMI Calculator
Under the Pradhan Mantri Mudra Yojana (PMMY), IDBI Bank offers MUDRA Loans to fulfill the business needs of all non-farm income-generating activities.
| IDBI Mudra Loan – Highlights | |
|---|---|
| Loan Facility | Term Loan / Cash Credit |
| Loan Amount | No Minimum Limit and Maximum Rs. 10 lakh |
| Collateral / Security | Not required |
| Guarantee | No third party guarantee required |
| Repayment Tenure |
OD & CC Limit – 12 months, repayable on demand Term Loan – Up to 5 years |
| Processing Fee |
Nil for loan up to Rs. 5 lakh Up to 0.50% of the sanctioned loan (For others) |
| Purpose |
Cash Credit / Overdraft – To meet working capital requirements Term Loan – To meet capital expenditure that includes the purchase of equipment/furniture or any such business requirements |
| Margin |
Nil for Loan up to Rs. 50,000 25% for others |
IDBI Bank provides business loans to self-employed individuals, professionals, and business enterprises engaged in providing or rendering services.
| Business Loan for Service Sector – Highlights | |
|---|---|
| Interest Rate | As per business requirements |
| Loan Facility | Term loan & Overdraft / Cash Credit |
| Loan Amount | Rs. 10 lakh – Rs. 5 crore |
| Processing Fee | Up to 1% of the sanctioned loan amount |
| Guarantee | Personal Guarantee of the promoter directors, partners |
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IDBI Bank provides business loans for doctors to support their daily clinic or hospital operations. The loan amount can be used for managing the facility, buying medical equipment, and setting up, upgrading, or expanding clinics.
| Finance to Medical Practitioners – Highlights | |
|---|---|
| Loan Facility | Term Loan & Overdraft / Cash Credit |
| Loan Amount | Rs. 10 lakh – Rs. 10 crore |
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Property Power loan is a type of business loan available to MSMEs, using their owned commercial or residential properties as collateral. This loan can be utilized for various purposes such as balance transfer or paying off high-interest debts, as well as fulfilling other business needs.
| Property Power (Loan Against Property) – Highlights | |
|---|---|
| Interest Rate | As per business requirements |
| Loan Amount | Rs. 10 lakh – Rs. 5 crore |
| Repayment Tenure | Up to 7 years, OD Max. 12 months (Annual Renewal) |
| Guarantee | Personal guarantee of the borrower |
| Facility Type | Term Loan/ Overdraft limit to fund business needs (excluding for speculative purposes) |
The GCC Loan, provided by IDBI Bank, is available to all individuals involved in non-farm entrepreneurial activities.
| General Credit Card Loan – Highlights | |
|---|---|
| Interest Rate | As per business requirements |
| Loan Amount | Rs. 50,000 – Rs. 5 lakh |
| Facility Type | Term loan / Cash Credit |
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Under the Sahaj Vyapar Business Loan scheme, IDBI Bank offers funding primarily to traders, wholesalers, and retailers to fulfill their business needs. Sole proprietorships or partnership firms primarily engaged in buying and selling goods can also avail of these funds.
| Sahaj Vyapar Loan – Highlights | |
|---|---|
| Interest Rate | As per the business requirements |
| Processing Fee | Up to 1% of the sanctioned loan amount |
| Loan Amount | Minimum Rs. 10 lakh & Maximum Rs. 5 crore |
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Primary: Hypothecation of Stocks, Receivables, Assets financed by bank Collateral: Immovable Residential, Industrial and Commercial Property |
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This scheme is designed to meet the loan needs of water and road transport operators. It enables small operators in these sectors to acquire vehicles or vessels for their businesses.
| Loan to Small Road and Water Transport Operators – Highlights | |
|---|---|
| Interest Rate | As per business requirements |
| Processing Fee | Up to 1% of the sanctioned loan amount |
| Loan Amount | Rs. 1 lakh – Rs. 2 crore |
| Facility Type | Term loan, Cash Credit / Overdraft & Bank Guarantee |
| Guarantee | Personal guarantees of the promoter directors (In the case of limited companies) |
| Margin | Depending upon the nature of the loan facility |
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This scheme is for people in the transport business who need loans. It covers various vehicles like trucks, buses, taxis, and auto-rickshaws, as well as refrigerated vans and bulk carriers for goods like oil. It also includes water transport like boats. Applicants must have experience in the transport business.
Also read: Best Business Loan Eligibility
The interest rate offered by IDBI Bank varies from scheme to scheme and depends on the applicant's profile and business requirements.
Yes, you can apply for a startup loan under the Mudra Yojana scheme from IDBI Bank.
You can get a loan for up to Rs. 2 crore.
To check the status of your loan application, click on the link below and provide your 12-digit LATS reference number. https://www.idbibank.in/track-your-application.asp
To calculate the EMI for an IDBI business loan, you can use an EMI calculator. You'll need to enter basic loan details such as the interest rate, repayment tenure, and loan amount to determine the exact EMI amount to be repaid.
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