Get IDFC Bank Business Loan at Attractive Terms from Aapka Bank
No business can run without funds. A business organization needs an adequate amount of funds for its establishment, day-to-day business operations, expansion, etc. In such cases, business organizations look for banks and financial institutions, which can offer them a business loan at affordable interest rates and favorable terms and conditions. IDFC has brought IDFC Bank business loans for its customers so that they can get a business loan at reasonable terms and fulfill their various business purposes.
What is a Business Loan?
A business loan is a type of loan that banks or financial institutions grant to individuals or business organizations to meet their business needs. These loans are of two types- secured and unsecured business loans. In a secured loan, customers have to keep assets as collateral security to avail business loan, whereas, in an unsecured business loan, the customers can get a business loan without pledging assets as collateral security.
IDFC Bank Business Loan
IDFC Bank offers various banking products to its customers. One of those products is a business loan. It offers business loans to self-employed individuals and business enterprises at reasonable terms and conditions. Customers can use this loan for purposes like business expansion, purchase of machinery equipment, etc.
Features of IDFC Bank Business Loan
- The customers can avail of the loan amount from 3 lakh to a maximum of 75 lakh.
- The repayment period for the loan amount is from 12 months to 5 years.
- The bank charges an interest rate of 16% or above on its loan amount.
- It charges a processing fee of up to 3.5% of the loan amount.
Eligibility criteria for IDFC Bank Business loan
- The person who is applying for the loan must be in the age group of 28 to 68 years.
- The business should have completed at least 3 years.
- The business profit after tax for 2 years should be positive.
- The company's turnover should be 1 crore or more.
- Identity proof
- Address proof
- Bank statement of last 6 months
- ITR of the last two years.
- Continuation proof
- Latest 6 Months GST returns
Why choose Aapka Bank for Loan application?
Aapka Bank is one of the leading loan providers in India. We offer various financial products to our customers by having associations with reputed banks and financial institutions. Customer who wishes to apply for IDFC bank business loan can apply for the same using our platform. We provide the following services to our customers on the online application of loan.
- We, at Aapka Bank, offer quick approval and disbursement of loans to our customers.
- We also compare multiple options before suggesting the final solution for the bank loan.
- We offer a reasonable rate of interest on our financial products.
- We also provide required paperwork assistance to our customers.
- We charge no hidden fee from our customers.
- We also offer various financial solutions to our Indian customers and business enterprises.
- Services provided at Aapka Bank are all customer support friendly.