IDFC Bank Mumbai

Banks185 views

About IDFC Bank

IDFC Bank Ltd. has been in the finance industry since 1997 and entered the banking industry in the year 2015 after RBI approved. Having the experience of what today’s generation needs and what they can afford, IDFC Bank has made things easier for people. Talking about the group companies associated with the bank, the list includes IDFC Ltd. IDFC IFL, IDFC Mutual Fund, IDFC Securities, IDFC Institute, IDFC Alternatives, and IDFC Foundation.

IDFC Bank offers a wide array of products and services from home loans to fixed deposit schemes and each designed by keeping in mind the affordability of the customers. Just like in any other city, IDFC Bank provides customer-friendly products in Mumbai as well. Having said that, the bank is known for its low-interest rates facility along with the flexible repayment option. Read this article to know more about IDFC Bank Mumbai branch like, the branch contact details, eligibility criteria, documents, etc. and apply for the product that suits your purpose.

Branch Addresses of IDFC Bank Mumbai

Branch NameComplete AddressIFSCMICRContact Number
Bhulabhai Desai Road
Branch
Shop No 1 Tirupati Apartment,
Bhulabhai Desai Road,
Breach Candy, Mahalaxmi,Mumbai – 400026 India
IDFB0040105400751007NA
BKC - Naman BranchNaman Chambers, C-32,G- Block, Bandra Kurla Complex, Bandra East, Mumbai - 400051, IndiaIDFB0040101400751002NA
Chembur BranchGlamcent, GF & 1st Floor,
350 Central Avenue Road,Chembur, Mumbai- 400071,India
IDFB0040104400751005NA
DN Road Branch312 D.N Road, Besides Khadi Bhandar,
Premises of J.N Petit Institute, Fort, Mumbai -400001 India
IDFB0040106400751006NA
Prabhadevi BranchPrabhadevi
Sane Guruji Premises CHS, Block No 5, Ground floor, 386 Veer Savarkar Marg,Prabhadevi, Mumbai -400025, India
IDFB0040102400751003NA
Vashi,Sector-17 BranchGoodwill Excellency, Plot No.02, Sector-17, Vashi, Navi Mumbai 400705, IndiaIDFB0040103400751004NA

Products Offered by IDFC Bank in Mumbai

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

People Also Look For

Personal Loan Interest Rates August 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.25%
ICICI Bank10.99% - 18.40%
IndusInd Bank10.99% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank10.99% - 14.49%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates August 2018
State Bank of India/SBI8.45% - 9.00%
HDFC8.70% - 9.40%
Bank of Baroda8.50% - 9.50%
LIC Housing8.45% - 8.90%
PNB Housing Finance8.99% - 10.75%
ICICI Bank8.55% - 8.80%
Axis Bank8.50% - 8.85%
Citibank8.85% - 9.65%
Indiabulls Housing Finance Limited8.70% - 9.85%
Kotak Bank8.65% - 8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 10.00%
EMI Calculator