IDFC Bank Hyderabad
Last Updated : March 3, 2020, 5:06 p.m.
About IDFC Bank
IDFC Bank started its journey in the banking industry in the year 2015, however, IDFC (Infrastructure Development Finance Company) has been one of the leading finance providers since 1997. In recent times, the bank has earned a position in the listing on BSE & NSE and has bought up to 10% stake in ASA International India for ₹8.5 crores. The bank has been a believer of giving its best to the customers since its beginning and continues to maintain the same purpose. Having this positive approach towards the work, IDFC Bank has won the hearts of many which is quite possible from its success in such a short span of time even after there are so many big names in the industry already existing.
Talking about the products and services offered by the bank, the list includes retail banking, commercial & wholesale banking, business banking and Bharat Banking. From home loans , which makes your dream a home come true, to the commercial vehicle loan that gives the young entrepreneurs to start their own transport business, IDFC Bank has loans for every financial need. Coming to the Hyderabad branch, the bank has all the products to offer to the people. So, read this article to know the branch details and product related information and make a choice.
Branch Addresses of IDFC Bank Hyderabad
| Branch Name | Complete Address | IFSC | MICR | Contact Number |
|---|---|---|---|---|
| Jubilee Hills | Jubilee Town 36, Plot No 1130 A, Road No 36, Jubilee Hills,Hyderabad, Telangana -500033, India | IDFB0080201 | 500751002 | 67383000 |
Products Offered by IDFC Bank in Hyderabad
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
| Product | Eligibility | Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| 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 value | 8.85% - 9.25% | As per bank’s norms | Up 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 ₹20,00,000 | Customized | 1%-2% of the loan amount | 3 to 60 months |
| Commercial Vehicle Loan | Funding for Farmers, small entrepreneurs, retail and wholesale traders, Drivers, Salaried & Self-employed individuals | Up to 90% of the asset cost | Customized | As per Bank’s norms | Flexible 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 Lakh | Customized | As per Bank’s norms | Up to 5 years |
| Loan Against Property | ID 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 value | Customized | As per Bank’s norms | Up to 15 years |
| Fixed Deposit | Individuals 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 limit | 2.50% - 5.75% | Not applicable | Up 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.
| Product | Documents |
|---|---|
| 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 Loan | ID 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 Loan | ID 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 Property | 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 |
| Fixed Deposit | Identity 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 |