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IDFC FIRST Bank Business Loan is an unsecured business loan offered to businesses (MSMEs and non-individuals), to meet their varying business needs like expanding to new markets, buying new equipment, meeting working capital, and so on.
Additional Reading: What are the key features, interest rates and eligibility of IDFC First Bank Business Loan?
Key Features of IDFC First Bank Business Loan
|
Particulars |
IDFC First Bank Business Loan Features |
|
Loan Amount |
Up to Rs. 1 crore |
|
Eligibility |
|
|
Loan Tenure |
Up to 4 years |
|
Business Vintage |
Minimum business vintage of 3 years |
|
Quick Eligibility |
Quick Eligibility up to Rs. 50 lakhs |
|
Processing Charges |
Up to 3.5% of the loan amount |