Business Loan
Quotes from 18 banks | Instant Approval | Maximum Loan Eligibility
By accepting our "Terms and Conditions" you authorize WIshfin and its associated Partner Banks to run a CIBIL/Experian check for your profile
To,TransUnion CIBIL Limited[Formerly known as Credit Information Bureau (India) Limited]One Indiabulls building ,Unit No 1901 – 1905,19th Floor, Tower 2A-2B, Jupiter Mill compound,Senapati Bapat Marg, Lower Parel, Mumbai 400 013
Sub: Grant of Consent
Dear Sirs,
In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Wishfin and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:
- The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.
- I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: (a) I have carefully read the terms and conditions of the Agreement entered into between the Company and TUCL understood the same; or (b) the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.
- I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.
- I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL.
- I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company
- I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Wishfin authorizing Wishfin to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Wishfin to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Wishfin to obtain my Consumer Credit Information .
- I understand that in order to deliver the product to me, I hereby authorize Wishfin, to obtain my Consumer Credit Information from TUCL.
- By submitting this registration form, I understand that I am providing express written instructions for Wishfin to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Wishfin account. I further authorize Wishfin to retain a copy of my information for use in accordance with [Wishfin’s] Terms of Use and Privacy Policy.
- I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
- I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Wishfin . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.
- I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.
Yours faithfully,
Name :____________________________Address : ____________________________Date : ____________________________
IDBI bank answers to all your business need by providing the business loans for the maximum amount of up to Rs. 35 lakhs. The candidates can take a loan for the expansion of the running business entity or to meet the working capital requirements. The loan is available for the maximum tenure of 4 years. The eligible candidates can apply for the loan online or by visiting the nearest branch.
IDBI Business Loan Details
How To Apply
The application process is simple and quick. You can apply for the IDBI Bank business loan through any of the following channels :
- Visit the nearest bank branch
- Apply online by clicking on the quick link available on the bank’s official website
IDBI Business Loan EMI Calculator
Avoid tiring process of EMI calculation by using the Business Loan EMI Calculator that is designed to help the customers. It makes the calculation effortless and speedy. The result is computed in a very less time. You just put the required values in the calculator ( loan amount, tenure and rate of interest) to know your EMI.
For instance, if I avail the loan of Rs. 35,00,000 for the tenure of 4 years at the prevailing rate of interest which is 13% p.a – 14% p.a then your EMI will be
Table Showing EMI, Total Interest Amount, Total Repayment Amount
Amortization Table
Features And Benefits
- Loans provided at attractive rate of interest
- Quick disbursal
- Hassle free process
- Loan available up to Rs. 35,00,00
IDBI Business Loan Eligibility Criteria
The candidates with business registration under following categories are eligible to apply for the business loan-
- Proprietorship Firm
- Partnership
- Limited Liability Partnership
- Pvt Ltd. Companies
The applicant must be of age between 21 years to 65 years . The business vintage of minimum 3 years is essential along with annual turnover ranging from Rs. 30 lakhs to 10 crores .
IDBI Business Loan Application Form
You can fill an online application form or download the application form the bank’s official website. You can avail the loan application form from the IDBI Bank branch as well.
Documentation Required :
- Application form with passport sized photograph
- KYC documents
- PAN Card/ Form 60 For All Applicant/Co- applicant/Guarantor
- Last 2 years Income Tax Return document
- Bank statements for the last 6 months
- 2-year financials including Profit & Loss (P&L) statement and balance sheet
- Documents related to establishment of entity, identity and address proof documents
IDBI Bank Business Loan Status
You can track the loan status online. Tracking will help you know the current position of your application. You can even contact the customer care services to know the loan status.