IDBI Bank Business Loan

Explore a comprehensive suite of financial solutions for your business with IDBI Bank business loan. The business loans cater to MSMEs and small businesses, providing a one-stop funding destination. More so, IDBI Bank Business loans help support businesses at every step.

IDBI Business Loans interest rates are affordable, which helps meet business purposes like working capital requirements, acquiring new equipment & even funding operations, etc. with IDBI MSME Loan, get faster access to funding for your business growth and working capital needs.

Read further to know more about the convenience of a one-stop finance solution for extensive business loans from IDBI Bank.

IDBI Bank Business Loan Interest Rates & Charges

IDBI Bank Business loan specifications to help you make informed decisions while borrowing. Follow the table to know IDBI Bank business loan interest rate and other charges associated:

Loan type Business loan
Loan Amount Up to Rs. 2 Crore
Interest Rate As applicable
Collateral As applicable
Tenure Up to 7 years.
Processing Fee Upto 1% of the loan amount
Note: Please be informed that the IDBI Bank business loan interest rates are subject to change per the market.

Type of Business Loans by IDBI Bank

The table below provides detailed information on each loan scheme that IDBI Bank offers, including their respective purposes, tenures, loan amounts, and processing fees:

Loan Name Purpose Tenure Loan Amount Processing Fees
MSME Loans Working capital, equipment financing, expansion. Up to 7 years Rs.1,00,000 - Rs. 500Lakh Upto 1% of the loan amount
Property Power Loan (LAP) Purchase property, renovate property, expand business. Up to 12 years Rs.1,00,000 - Rs. 500Lakh Upto 1% of the loan amount
Loan to Small Road and Water Transport Operators Purchase vehicles, finance working capital, upgrade infrastructure Up to 7 years Rs.1,00,000 - Rs. 2 Crores Upto 1% of the loan amount
Sahaj Vypar Loan Working capital, equipment financing, inventory. Up to 5 years Rs. 10 lakh - Rs. 500 Lakh Upto 1% of the loan amount
IDBI Loan for Service Sector Working capital, equipment financing, marketing. Up to 7 years Rs 10 Lakh - Rs 500 Lakhs Upto 1% of the loan amount

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IDBI Bank Business loans Eligibility Criteria

As a self-employed individual or part of a structured business entity, follow these IDBI business loan eligibility criteria to set the foundation for a potential loan application.

  • Age: 21 years - 65 years old.
  • Business Vintage: The business must have a minimum vintage of 3 years.
  • Applicant Types: Individuals who are self-employed /Business entities such as partnerships/Limited liability companies (LLCs)/ Private limited companies/ Proprietorship firms.

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IDBI Bank Business Loan EMI Calculation:

Start the financial planning of your IDBI Bank Business Loan using an online EMI calculator. The business loan EMI calculator provides you with a clear picture of your payable EMI for managing repayments to avoid late payment and penalties. Use this EMI calculator to experience a streamlined understanding of your EMI by just providing details of loan tenure, interest rate, and loan amount.

Monthly EMI 86
Principal Amount 1,000
Total Interest 32
Total Amount 1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Disclaimer: Please note that the estimations here are only estimates around the values you enter and are not subject to change unless you do.

Documents Required for IDBI Bank Business loans

To facilitate a smooth application process, ensure you have the following documents accurately ready:

  • PAN Card: Provide PAN cards for both the applicant(s) and the firm.
  • Proof of Identity: Submit valid proof of identity documents.
  • Proof of Residence: Furnish documents verifying your residential address.
  • Business Existence Proof: Include documents such as Sole Property Declaration, Memorandum and Articles of Association, Original Board Resolution, or Partnership Deed.
  • Proof of Business Continuation: Provide evidence showing the continuity of your business.
  • Financial Documents: Submit bank statements and relevant business financials.

Do you need a business loan?

Benefits of IDBI Financing

Experience these advantages of MSME financing with IDBI Bank business loan:

One stop solution

Get complete bank solution
at one place

Interest Rate

Avail loan at an affordable
interest rate

Hassle-free process

IDBI Bank offers hassle free,
digital application process

Fastest Loan Approval

IDBI Bank brings to fastest
credit delivery

Loan for Various needs

IDBI Business loan meets
various business purposes

How to Apply for IDBI Bank Business Loan

Follow these quick and easy steps to apply for your IDBI Bank Business loan online

  1. Step 1: Get In Touch with toll-free numbers
    1. 1800-209-4324
    2. 1800-22-1070 (24x7 service)
  2. Step 2: Locate and visit the nearest IDBI Bank branch to discuss your MSME finance needs in person.
  3. Step 3: Receive a Call Back
  4. Step 4 : After reaching out, expect a prompt call back from our dedicated representative, who will guide you through the next steps.

Steps to Apply for Business Loan on Buddy Loan

Apply for IDBI business loan online through Buddy Loan in a simple and hassle-free manner . Follow the steps and apply for your business loan now!

  • Step 1: Visit or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the business loan application page. Enter your mobile number and OTP.
  • Step 3: Specify the desired loan amount and email. Next, choose the Business Loan option.
  • Step 4: Choose if you have a Business Proof (Yes/ No)
    • If ‘Yes’ (If you have a business proof), enter your business and personal details.
    • If ‘No’ (If you do not have a business proof), choose the profession type and enter your personal details.
  • Step 5: Provide income details and Click the ‘Submit’ button.

Apply for a business loan now!

IDBI Bank Business Loan Customer Care Number

For help with IDBI's business loan products and services, reach out to their dedicated customer care team through the following toll-free numbers:

  • General Enquiries: 1800-209-4324
  • Account-related Concerns: 1800-22-1070
  • Email:

Frequently Asked Questions

The interest rates for business loans in IDBI Bank vary based on factors such as the type of loan, the applicant's profile, and prevailing market conditions.

The age limit for availing a business loan from IDBI Bank typically ranges between 21 years to 65 years.

The eligibility criteria may include the minimum business registration proof or business type. For more detailed information, please revisit the details provided above.

Yes, IDBI Bank typically allows borrowers to repay their business loan amount before the specified term. However, it is advisable to review the terms and conditions of the specific loan agreement or contact the bank directly to understand any prepayment options, associated charges, or conditions.

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