IDFC Bank Bengaluru

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About IDFC Bank

IDFC Bank has raised ₹4,680 crores for India Infrastructure Fund 2, ₹750 crore in Real Estate Fund in the year 2013. The bank was established in the year 2015 and since then it has been one of the leading private company in India. Each of the products offered by the bank is designed by keeping in mind the affordability of the customers and their financial needs. The bank works with the mission to help India become a nation with the access to the best services when it comes finances. Having said that, IDFC Bank is continuously working towards being the best financier in the infrastructure of the country.

‘Bharat Banking’ initiative of IDFC Bank works towards providing door-step services to the customers and to reach the masses. The visionaries associated with the bank got the understanding of what a consumer looks for when he is interested in borrowing money or investing. This understanding helped the bank to fill in the void in the banking sector and offer something new to the people. In order to reach as many people as possible, the bank wanted to have branches in all the main cities. In the year 2015, RBI gave IDFC Bank the permission to open 25 branches throughout the country and Bengaluru is one of them. In this article, you will get the information of Bengaluru branch of IDFC Bank to help you reach the bank and apply for the product that you have been looking for.

Branch Addresses of IDFC Bank Bengaluru

Branch NameComplete AddressIFSCMICRContact Number
Richmond TownPlot No 79, Residency Road,Richmond Town, Brigade Road Junction, Opposite Opera Theatre, Bengaluru -560025, IndiaIDFB008015156075100267943000

Products Offered by IDFC Bank in Bengaluru

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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