IDFC Bank Ahmedabad

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About IDFC Bank

IDFC Bank Ltd. (Infrastructure Development Finance Company) is an Indian Bank that has been in financial services industry since 1997. However, the finance company got the approval from RBI to open its own bank branches in the year 2015. In the same year, IDFC won India Bond House of the Year 2015 and last year 2016, the bank has bought up to 10% stakes in ATA International India for ₹8.5 crores. These achievements in such a short span of time are really a matter of appreciation.

IDFC Bank has maintained a standard wherein the products and services are designed by keeping in mind the affordability of the customers. From the basic servicing like the savings account to the investment product like loans, IDFC Bank has made it all as per the financial needs of the customers. Some of the most demanding products of the bank are home loans, commercial vehicle loan, personal loans, and business loans (Vyapaar Vriddhi Micro Enterprises Loans) come with the combination of low-interest rates and a higher loan amount. The bank has launched 23 branches across the country including Ahmedabad. In this article, you will get to know the details about the branch details and other related information regarding IDFC Bank Ahmedabad branch.

Branch Addresses of IDFC Bank Ahmedabad

Branch NameComplete AddressIFSCMICRContact Number
C.G. Road BranchGround & Mezzanine Floor,
Sun Square Complex,Off. C.G. Road, Ahmedabad -380006, India
IDFB0040301380751001NA

Products Offered by IDFC Bank in Ahmedabad

IDFC Bank has a wide array of products and services to offer its customers. The list of products includes home loans, commercial vehicle loans, personal loans, and loan against property under the loan segment. The interest rates offered by IDFC Bank on loans are one of the lowest interest rates in the market so that it gets easier for the customer to opt for it and pay back as well. Other than this, the bank also offers higher returns on fixed deposits. So, have a look at the product details like eligibility criteria, maximum amount, interest rate, and other related information.

Basic Details of IDFC Bank Products

ProductEligibilityAmount Interest RateProcessing FeeTenure
Home Loan Salaried:
Purchasing ready property / balance transfer of running loan on ready or under-construction property
Indian Resident
21 years & above
Minimum 2 years work experience

Self-Employed:
Purchasing ready property / balance transfer of running loan on ready or under-construction property
Indian Resident
Minimum age 23 years
Minimum 3 years work experience
Up to ₹10 crores or maximum up to 85% of the property value8.75% - 9.20%As per bank’s normsUp to 30 years
Personal Loan Age should be at least 21 and less than 58 years
Applicant should be a resident of India
Customer should have a regular income and should be a salaried employee (Government service or a regular corporate job)
₹50,000 to ₹20,00,000Customized1%-2% of the loan amount3 to 60 months
Commercial Vehicle Loan Funding for Farmers, small entrepreneurs, retail and wholesale traders, Drivers, Salaried & Self-employed individualsUp to 90% of the asset costCustomizedAs per Bank’s normsFlexible tenure
Business Loan (Vyapaar Vriddhi Micro Enterprise Loan)Salaried individuals
Self-employed professionals
Self-employed individuals
Sole entrepreneurs
Partnership firms
Up to loan amount of ₹3 LakhCustomizedAs per Bank’s normsUp to 5 years
Loan Against PropertyID Proof- PAN Card/Aadhar Card/Voter ID/Passport/NREGA Job Card/Driving License
Address Proof-Utility Bill-Landline/Electricity, Registered Rental Deed
Passport Size Photograph
Last 2 Months Salary Slip
Last 6 Months Bank A/C Statement
Property Documents
₹5 crores or up to 60% of the property valueCustomizedAs per Bank’s normsUp to 15 years
Fixed DepositIndividuals
Sole Proprietorship
Hindu Undivided Family
Partnership Firm
Limited Liability Partnership (LLP)
Private/Public Limited Company
Trust, Association, Society
Government/Quasi Government Institutions (including Municipal Corporation,
Joint Ventures
Liaison/Representative/Branch Office of foreign companies
Embassy Offices in India
No upper limit4.00% - 7.70%Not applicableUp to 10 years

Documents Required

Below is the list of documents according to the product and the applicant must carry these documents at the time of applying.

ProductDocuments
Home Loan For Salaried:
Identity Proof-PAN Card/Aadhar Card/Voter ID/Passport/NREGA Job Card/Driving License
Address Proof-Utility Bill-Landline/Electricity, Registered Rental Deed
Age Proof
Last 3 months salary statements
Last 2 years Income tax returns or Form-16
Last 6 months Bank Statement

For Self-employed Professionals:
Identity Proof-PAN Card/Aadhar Card/Voter ID/Passport/NREGA Job Card/Driving License
Address Proof-Utility Bill-Landline/Electricity, Registered Rental Deed
Age Proof
Last 2 years Income tax returns or Form-16
Last 6 months Bank Statement

For Self-employed Businessmen:
Identity Proof-PAN Card/Aadhar Card/Voter ID/Passport/NREGA Job Card/Driving License
Address Proof-Utility Bill-Landline/Electricity, Registered Rental Deed
Age Proof
Last 2 years Income tax returns or Form-16
Last 6 months Bank Statement
Personal LoanID Proof- PAN Card/Aadhar Card/Voter ID/Passport/NREGA Job Card/Driving License
Address Proof-Utility Bill-Landline/Electricity, Registered Rental Deed
Passport Size Photograph
Last 2 Months Salary Slip
Last 6 Months Bank A/C Statement
Commercial Vehicle LoanID Proof- PAN Card/Aadhar Card/Voter ID/Passport/NREGA Job Card/Driving License
Address Proof-Utility Bill-Landline/Electricity, Registered Rental Deed
Passport Size Photograph
Last 2 Months Salary Slip
Last 6 Months Bank A/C Statement
Business Loan (Vyapaar Vriddhi Micro Enterprise Loan)PAN Card – For Individual / Partnership Firm / Company
Passport Size Photographs of all applicants and co-applicants
Identity Proof – Anyone (e.g. Voter ID / Driving License / Passport / Aadhar Card)
Address Proof – Anyone (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)
Ownership proof of either residence or office either in the name of applicant or jointly with family members
Letter certifying end use of the business loan funds on Business Letterhead
Self-Employed Individuals / Sole Proprietorships: Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet

For Self-Employed Professionals: Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
Bank statements from the borrower's main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet
Professional Qualification Certificate and Degree Certificate for professionals. (Doctors, Architects, Chartered Accountants etc.)
For Partnership Firms / Private Limited Companies: Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
Bank statements from the main account/s for last 6 months and 3 months of all other bank accounts mentioned in the Balance Sheet
Partnership Deed and partnership authority letter for partnership firms
Memorandum and Articles of Association and Board Resolution from the company
Certificate of Incorporation (COI) for companies
Latest shareholding patterns for Private Ltd. / Public Ltd. companies
Loan Against PropertyIdentity Proof-PAN Card/Aadhar Card/Voter ID/Passport/NREGA Job Card/Driving License
Address Proof-Utility Bill-Landline/Electricity, Registered Rental Deed
Age Proof
Last 3 months salary statements
Last 2 years Income tax returns or Form-16
Last 6 months Bank Statement
Fixed DepositIdentity Proof-PAN Card/Aadhar Card/Voter ID/Passport/NREGA Job Card/Driving License
Address Proof-Utility Bill-Landline/Electricity, Registered Rental Deed
Bank Statement with Cheque
Certificate/ID Card issued by Post office
Senior Citizen ID Card

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