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Take your business to great heights

Presenting Business Loans by IDFC FIRST Bank

Apply Now Track Application

Collateral-free funding up to ₹1 Cr for self-employed individuals and businesses

Quick funding up to ₹50 lacs based on your current account statement

Loan up to ₹50 lacs based on your GST returns

Fast and seamless process with minimal documentation

Business Loan

Business loans provide businesses with the necessary funds to meet their operational and growth needs.Whether you're expanding your business operations, purchasing new equipment or managing cash flow, it's a flexible financing option that can be used in a variety of ways. Business loans can assist you in achieving your goals and driving your business forward, whether you are a small startup or an established enterprise.

Enjoy a competitive interest rate of up to 7.25% per annum, cyber-insurance, health benefits, monthly interest credits, and a host of perks tailored to make your golden years even more rewarding.

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Loan Amount

7 Lakhs to 1 Crore

Loan Tenure

12 Months to 48 Months

Interest Rates

Starting at 14%

How can a Business Loan help you?

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EXPAND YOUR BUSINESS

You can use a business loan to fuel your growth, whether you're opening a new location, hiring more employees, or investing in new technology.

IMPROVE YOUR CASH FLOW

Cash flow problems can impede your business' operations. A business loan can help bridge gaps in your cash flow, safeguarding your ability to meet your day-to-day expenses.

MANAGE INVENTORY

Having sufficient inventory is crucial for meeting customer demand! Business loans can assist you with financing your inventory purchases, so that you have enough stock to meet customer demand.

PURCHASE Equipment

Need new machinery or equipment to improve your productivity or offer new services? A business loan can help you finance these purchases and enhance your business' capabilities.

Key features

Collateral-free funding up to ₹1 crore

Flexibility to choose between Term Loan and Dropline Overdraft

Quick eligibility up to ₹50 lakhs basis banking

Loan tenure up to 48 months

Testimonials

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Jane Doe

CEO, ABCD Company

April 2015

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Jane Doe

CEO, ABCD Company

April 2015

Jane Doe

CEO, ABCD Company

April 2015

Lorem ipsum dolor sit amet consectetur. Sed proin pellentesque odio adipiscing fames. Sodales mauris tincidunt id quam et integer quis. Egestas eleifend nisl elementum pharetra.

Jane Doe

CEO, ABCD Company

April 2015

Jane Doe

CEO, ABCD Company

April 2015

Lorem ipsum dolor sit amet consectetur. Sed proin pellentesque odio adipiscing fames. Sodales mauris tincidunt id quam et integer quis. Egestas eleifend nisl elementum pharetra.

Jane Doe

CEO, ABCD Company

April 2015

Jane Doe

CEO, ABCD Company

April 2015

Lorem ipsum dolor sit amet consectetur. Sed proin pellentesque odio adipiscing fames. Sodales mauris tincidunt id quam et integer quis. Egestas eleifend nisl elementum pharetra.

Jane Doe

CEO, ABCD Company

April 2015

Jane Doe

CEO, ABCD Company

April 2015

Jane Doe

CEO, ABCD Company

April 2015

Jane Doe

CEO, ABCD Company

April 2015

Jane Doe

CEO, ABCD Company

April 2015

Jane Doe

CEO, ABCD Company

April 2015

Jane Doe

CEO, ABCD Company

April 2015

Jane Doe

CEO, ABCD Company

April 2015

Jane Doe

CEO, ABCD Company

April 2015

Interest Rates & Charges on Business Loans

A Dropline Overdraft Loan is a versatile financial product that allows you to access a pre-approved line of credit whenever you need it.

Rate of Interest Starting at 14%*
Processing fee Up to 3.5% of the loan amount
Stamp charges Applicable as per state
Other charges View Other fees & Charges

*At IDFC FIRST Bank, we provide competitive interest rates based on the customer's credit profile. Click here to understand the factors that impact your rate of interest.

Dropline Overdraft

A Dropline Overdraft Loan is a versatile financial product that allows you to access a pre-approved line of credit whenever you need it. This facility allows you to utilize amount up to an agreed limit. The withdrawal limit reduces every month till the end of the loan tenure. The interest is levied only on the utilized amount and not on the total amount borrowed. The amount can be deposited to the account anytime to reduce the outstanding balance.

Avail your Business Loan as a Dropline Overdraft Facility and enjoy amazing benefits like interest only on the amount utilized, instant access to funds, collateral free funding up to 1 Crore, and much more.

Key features:

24/7 instant access to funds
Continuous access to a predetermined line of credit
Flexibility to repay the borrowed amount
Pay interest only on the amount utilized
Financial security against unexpected financial emergencies

Eligibility

Who can apply?

MSMEs/ non-Individuals such as:

Private ltd.

Partnership firms

LLPs

Sole proprietors etc.

Each meeting the minimum requirements as below:

Minimum turnover of ₹1 crore
Minimum business vintage of 3 years

Age Limit

Minimum - 28 years
Maximum - 68 years (at the time of loan maturity)

Profitability

Positive net worth and cash profit in last 2 years

Documentation

How to Apply for a Business Loan?

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Step 1

Click on 'Apply Now'

Step 2

Submit the required details

Step 3

Our representative will contact you within 24 hours

Step 4

Your application will be evaluated for eligibility

Step 5

Once verified, get the loan amount in your bank account.

Business loan calculator

Choose the amount

₹

10L 10Cr

1L 5L 10L 25L 50L

Choose the period

Months

12 months 48 months

Choose the interest rate

14% 25%

You will pay an EMI of only

₹92,203

Apply Now

Principal amount ₹10,00,000
Interest amount ₹1,86,000
Total amount payable ₹11,86,000

Factors that affects business loan interest rates

Business Reputation

A strong brand reputation can signal financial stability and trustworthines to lenders.
A history of positive customer reviews and feedback can enhance your business' reputation and make it more attractive to lenders.
A history of positive customer reviews and feedback can enhance your business' reputation and make it more attractive to lenders.

Read Less

Revenue

A strong brand reputation can signal financial stability and trustworthines to lenders.
A history of positive customer reviews and feedback can enhance your business' reputation and make it more attractive to lenders.
A history of positive customer reviews and feedback can enhance your business' reputation and make it more attractive to lenders.

Read Less

Existing Loans

A strong brand reputation can signal financial stability and trustworthines to lenders.
A history of positive customer reviews and feedback can enhance your business' reputation and make it more attractive to lenders.
A history of positive customer reviews and feedback can enhance your business' reputation and make it more attractive to lenders.

Read Less

Relationship with bank

A strong brand reputation can signal financial stability and trustworthines to lenders.
A history of positive customer reviews and feedback can enhance your business' reputation and make it more attractive to lenders.
A history of positive customer reviews and feedback can enhance your business' reputation and make it more attractive to lenders.

Read Less

Repayment History

A strong brand reputation can signal financial stability and trustworthines to lenders.
A history of positive customer reviews and feedback can enhance your business' reputation and make it more attractive to lenders.
A history of positive customer reviews and feedback can enhance your business' reputation and make it more attractive to lenders.

Read Less

Factors that affects business loan interest rates

Credit Score

A strong brand reputation can signal financial stability and trustworthines to lenders.
A history of positive customer reviews and feedback can enhance your business' reputation and make it more attractive to lenders.
A history of positive customer reviews and feedback can enhance your business' reputation and make it more attractive to lenders.

Read Less

Income

A strong brand reputation can signal financial stability and trustworthines to lenders.
A history of positive customer reviews and feedback can enhance your business' reputation and make it more attractive to lenders.
A history of positive customer reviews and feedback can enhance your business' reputation and make it more attractive to lenders.

Read Less

Relationship with bank

A strong brand reputation can signal financial stability and trustworthines to lenders.
A history of positive customer reviews and feedback can enhance your business' reputation and make it more attractive to lenders.
A history of positive customer reviews and feedback can enhance your business' reputation and make it more attractive to lenders.

Read Less

Repayment History

A strong brand reputation can signal financial stability and trustworthines to lenders.
A history of positive customer reviews and feedback can enhance your business' reputation and make it more attractive to lenders.
A history of positive customer reviews and feedback can enhance your business' reputation and make it more attractive to lenders.

Read Less

Answering FAQs

What are the various Direct Tax payments that can be paid through IDFC FIRST Bank?

Daily EOD MIS with complete transaction details & payers’ information. Real-time email alerts for incoming fund transfers.

Can you make GST payments through IDFC FIRST Bank's net banking platform?

Do you need to add the beneficiary every time you need to pay GST/Direct Tax/Customs Duty under NEFT/RTGS mode?

Can you make Customs Duty payments through IDFC FIRST Bank net banking platform?

Do you need to add the beneficiary every time you need to pay GST/Direct Tax/Customs Duty under NEFT/RTGS mode?

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Health First Savings Account

Double the benefits

Upto 7% Interest Rate (p.a)

Open Account Know More

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Take your business to great heights

Overview

Features

Testimonials

Rates & Charges

Dropline Overdraft

Eligibility

FAQs

Business Loan

*7 Lakhs to *1 Crore

12 Months to 48 Months

Starting at 14%

How can a Business Loan help you?

EXPAND YOUR BUSINESS

IMPROVE YOUR CASH FLOW

MANAGE INVENTORY

PURCHASE Equipment

Key features

Testimonials

Interest Rates & Charges on Business Loans

Dropline Overdraft

Key features:

Eligibility

Who can apply?

MSMEs/ non-Individuals such as:

Each meeting the minimum requirements as below:

Age Limit

Profitability

Documentation

Any one of the additional documents basis selected program

How to Apply for a Business Loan?

Step 1

Step 2

Step 3

7 Lakhs to 1 Crore