Loan Details

Interest Rate

Varies based on business requirements

Processing Fee

1% of the loan amount above Rs. 5 lakhs



2% of the outstanding loan amount if transferred from another bank


Up to 10 years

  • Eligibility Factors
  • Documents Required
  • Loan Verification Process
  • Rate of Interest
IDBI Bank Business Loan Details
  • Age
  • For Self-employed: 22 - 58 years
  • Credit Score
  • 750 or more.
  • Employment type
  • Business owners
  • Minimum Annual Turnover
  • Rs. 30 lakhs
  • Work experience
  • Business-class: Minimum 3 years of business stability.

Proof of Address

  • Aadhar Card
  • Voter’s ID Card
  • Registry Copy
  • Bank Statement
  • Rent Agreement
  • Utility Bill

Proof of Identity

  • Driving License
  • Passport
  • PAN Card
  • Aadhar Card
  • Voter’s ID Card

Proof of Business Existence

  • PAN Card
  • Sales Tax/ VAT/ Excise Registration
  • Copy of Partnership Deed
  • Trade License
  • Certificate of Practice
  • Registration Certificate issued by RBI
  • SEBI

Other Documents

  • Income Tax Returns of 2 years
  • Bank Statements of the last 6 months 

The loan verification process at Apnapaisa is straightforward and simple:

  1. Fill in the application form and submit it along with the other required documents. It can be quickly done by signing up on
  2. You will receive a call from one of our representatives within 24 hours to schedule a pickup of the documents if you opt for offline submission of the documents.
  3. The concerned department representatives at IDBI Bank will verify the documents and the details.
  4. After completing the verification process and approval of the loan, the lender will call you with the loan offer and ask for your consent for disbursal.
  5. Once you have accepted the loan offer, the amount gets credited to your accounts within 48 hours.
  6. You will get a copy of the duly signed loan agreement containing details of loan interest, tenure, loan amount, charges, and penalties.

The applicable rate of interest on business loans varies based on business requirements. The interest rates are usually around 12.25%