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IDBI Bank offers business loans and MSME loans to self-employed professionals, MSMEs, and other business entities at an interest rate of 8.05% – 13.45% p.a. The loan amount offered by IDBI Bank via various loan schemes ranges from Rs. 50,000 to Rs. 5 crores with a repayment tenure of up to 10 years. Its loan facilities include term loans, cash credit, overdrafts, bill discounting, letter of credit, and bank guarantees. Further discussed are various types of business loans offered by the IDBI Bank for different segments of entrepreneurs and MSMEs.
Top 9 MSME Loans Schemes from IDBI Bank
1) MSME Finance
IDBI Bank offers Loans for micro, small and medium enterprises to meet their business requirements at an interest rate of 8.05% p.a. onwards.
Best SME/MSME Loan offers are just a click away Apply Now
2) Finance to Medical Practitioners (Dhanvantri Loan)
IDBI Bank offers business loans for doctors to meet their day-to-day business requirements. Loan amount can be used to operate and manage a clinic or hospital, as well as for the purchase of medical equipment and setting up or up-gradation/expansion or a new/existing clinic or capacity expansion plans.
- Eligible Entities: All doctors / medical practitioners / clinics / pathological labs
- Minimum Qualification: MBBS / BAMS / BDS / BHMS / BUMS
| Finance to Medical Practitioners – Highlights | |
| Purpose | OD / CC: To meet the working capital requirements
Term Loan: For the purchase of specialised medical equipment, setting up of new clinic / hospital, expansion of infrastructure in existing clinic / hospital, etc. |
| Loan Facility | Term Loan & Overdraft / Cash Credit |
| Loan Amount | Rs. 10 lakh – Rs. 10 crore |
| Repayment Tenure | Term Loan: Up to 10 years
CC / OD: Max. 12 months (Annual Renewal) |
| Security | · Term Loan: Exclusive Charge on assets financed
· Working Capital: Exclusive charge on all the current assets · Collateral: Mortgage of residential/commercial properties of appropriate value |
Note: With effect from June 2022, Bank’s RLLR stands at 7.50%.
3) Property Power (Loan Against Property)
Property Power loan is a type of business loan offered to MSME segment against commercial and residential properties owned by them. Loan can be used to meet various requirements, such as balance transfer/takeover, retiring of high cost debt or any other business needs.
Eligible Entities: All potential and existing MSME customers of the Bank engaged in the business for the last 2 years.
| Property Power (Loan Against Property) – Highlights | |
| Facility Type | Term Loan/ Overdraft limit to fund business needs (excluding for speculative purposes) |
| 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 |
| Security | Equitable mortgage or registered mortgage of residential / commercial property |
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4) Loan to Small Road and Water Transport Operators
This scheme caters to the loan requirements of water and road transport operators. With the help of this loan, small road and water transport operators can purchase vehicles/vessels for their businesses.
Eligible Entities:
- All goods/passenger transport vehicles, such as trucks, motor buses, taxi cars, light commercial vehicles and auto-rickshaws
- Small refrigerated vans, bulk carriers carrying petroleum or edible oil
- Water transport units, such as launches, small boats, etc.
- Applicant must have business experience in transport business
| Loan to Small Road and Water Transport Operators – Highlights | |
| Facility Type | Term loan, Cash Credit / Overdraft & Bank Guarantee |
| Interest Rate | As per business requirements |
| Loan Amount | Rs. 1 lakh – Rs. 2 crore |
| Repayment Tenure | OD / CC / BG – 12 months
TL – Up to 5 years |
| Processing Fee | Up to 1% of the sanctioned loan amount |
| Guarantee | Personal guarantees of the promoter directors (In the case of limited companies) |
| Margin | Depending upon the nature of the loan facility |
| Security | · Exclusive Charge on assets financed
· Collateral security inform of immovable/liquid security (Based on nature of loan) |
5) Sahaj Vypar Loan
Under Sahaj Vyapar Business Loan, IDBI bank offers funding mainly to traders, wholesalers and retailers to meet their business requirements. These funds can also be availed by sole proprietorships or partnership firms engaged primarily in buying and selling of goods.
Eligible Entities
- All business entities engaged in Trading Activity (Both Retail and Wholesale)
| Sahaj Vyapar Loan – Highlights | |
| Interest Rate | As per the business requirements |
|
Loan Facility |
· Fund Based: Cash Credit Overdraft, Term Loan, Bill Discounting
· Non Fund Based: Letter of Credit, Bank Guarantee |
| Loan Amount | Minimum Rs. 10 lakh & Maximum Rs. 5 crore |
| Processing Fee | Up to 1% of the sanctioned loan amount |
| Repayment Tenure | · Term Loan: 5 Years
· Overdraft, Cash Credit, Bank Guarantee – 1 year |
|
Margin |
· Cash Credit: 25% on stock and Book debts
· Overdraft: NIL · Term Loan: 25 % |
| Security | Primary: Hypothecation of Stocks, Receivables, Assets financed by bank
Collateral: Immovable Residential, Industrial and Commercial Property |
6) Business Loan for Service Sector
IDBI Bank offers business loans to self-employed, professionals and business enterprises engaged in providing or rendering services.
| Business Loan for Service Sector – Highlights | |
|
Purpose |
· Term Loan: For the purchase, renovation, repair or development of business premises and buying of equipment, furniture, etc.
· Overdraft/Cash Credit: To meet working capital requirements |
| 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 |
| Repayment Tenure | · Term Loan: 7 Years
· Overdraft, Cash Credit – 1 year (Annual Renewal) |
|
Margin |
· Cash Credit: 25% on stock and Book debts
· Overdraft: NIL · Term loan: 25% |
| Guarantee | Personal Guarantee of the promoter directors, partners |
|
Security |
· Term Loan: Exclusive Charge on assets created out of bank finance
· Working Capital: Hypothecation of stock, book debts and assets created out of bank finance · Collateral: Mortgage of residential or commercial properties of appropriate value |
Eligible Entities*
- Professionals: Architects, Engineers, CAs, CSs, surveyors, interior designers, management consultants, etc.
- Self-employed/Service Enterprises: contractors, travel agents & tour operators, clearing & forwarding agents, beauty parlors, etc.
*Represented as examples of category and may include other entities as well.
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7) General Credit Card Loan (GCC)
GCC Loan is offered by the IDBI Bank for all individuals, engaged in Non-farm entrepreneurial activities.
| General Credit Card Loan – Highlights | |
| Facility Type | Term loan / Cash Credit |
| Interest Rate | As per business requirements |
| Loan Amount | Rs. 50,000 – Rs. 5 lakh |
| Repayment Tenure | · Term Loan: Maximum 5 years
· Cash Credit: 12 months, Repayment on demand |
| Margin | Cash Credit: 25%
Term Loan: 25% |
| Security | · Cash Credit: Stock & book debts & all assets created out of Bank loan
· Term Loan: Assets acquired out of Bank loan |
8) IDBI Mudra Loan
IDBI Bank under Pradhan Mantri Mudra Yojana (PMMY) offers MUDRA Loans to meet the business requirements of all non-farm income-generating activities.
Eligible Entities:
- Individuals/MSMEs engaged in non-farm entrepreneurial activities
- Manufacturing, trading, and service enterprises, including professionals rendering services across the nation, including rural, semi-urban, urban, and metro centers
| IDBI Mudra Loan – Highlights | |
| 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 |
| Loan Facility | Term Loan / Cash Credit |
| Loan Amount | No Minimum Limit and Maximum Rs. 10 lakh |
| Processing Fee | · Nil for loan up to Rs. 5 lakh
· Up to 0.50% of the sanctioned loan (For others) |
| Repayment Tenure | OD & CC Limit – 12 months, repayable on demand
Term Loan – Up to 5 years |
| Collateral / Security | Not required |
| Guarantee | No third party guarantee required |
| Margin | · Nil for Loan up to Rs. 50,000
· 25% for others |
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9) Stand up India
IDBI Bank, with the help of the Stand Up India scheme, offers composite loans of amounts between Rs 10 lakh to Rs 1 crore to SC / ST and Women Entrepreneurs for the Green Field Projects.
With the assistance of Stand up India’s official web portal (www.standupmitra.in), prospective borrowers can apply for loans or credit facilities and get details of various existing and upcoming projects.