IDFC Bank Indore

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About IDFC Bank

IDFC Bank is one of the leading banks providing services in personal banking, wholesale banking, business banking, wealth management, and Bharat banking. The bank has been one of the leading finance providers in India since 1997 and has entered the banking industry in the year 2015 after the permission of RBI. Talking about the vision and the mission, IDFC Bank has been a believer of delivering banking anytime, anywhere at scale by using technology and set new standards of the customers.

Talking about the products offered by IDFC Bank, the list includes personal loans, business loans, commercial vehicle loans, loan against property, and home loans. Having said that, each of the product is offered to fulfill the financial needs of customers keeping in mind their affordability as well. Loans are offered at low-interest rates and a higher loan amount facility. Other than this, the investment products like Fixed Deposit (FD) also give the opportunity to the investors to save more and earn from their savings. IDFC Bank has understood that to reach the masses, it must have branches in major parts of the country. As a result to this, the bank has its branches in all the main cities including Indore. Read this article to know about the bank branch, eligibility criteria and documentation required to apply at IDFC Bank.

Branch Addresses of IDFC Bank Indore

Branch NameComplete AddressIFSCMICRContact Number
BijalpurKursapur Complex, Ground floor, Village Bijalpur, Tehsil & Distt. Indore, Madhya Pradesh - 452012 IndiaIDFB0041262452751003NA
Budhi Barlai1005, Ground Floor, Village Budhi Barlai, Shipra, District Indore, Madhya Pradesh -453551 IndiaIDFB0041263452751002NA
Indore State OfficeUnit No. 302-302A, 3rd Floor, Megapolis Square, 579 MG Road, Indore, Madhya Pradesh - 452001, India
TakipuraGround Floor, Betma Road, Takipura, Tehsil Depalpur, District Indore, Madhya Pradesh - 453220, IndiaIDFB0041261452751001NA

Products Offered by IDFC Bank in Indore

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 value9.15% - 9.60%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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