Bank
IDBI Bank

IDBI Bank Ltd. is a Universal Bank with its operations driven by a cutting edge core Banking IT platform. The Bank offers personalized banking and financial solutions to its clients in the retail and corporate banking arena through its large network of Branches and ATMs, spread across length and breadth of India. We have also set up an overseas branch at Dubai and have plans to open representative offices in various other parts of the Globe, for encashing emerging global opportunities.

About Home Loan

Owning a home is one of life’s biggest aspirations, at IDBI our home loan solutions are designed to offer you convenience and make the journey to your dream home a pleasant one.

Eligibility Criteria

  • Please refer bank’s specific website for eligibility criteria.

Documents Required

  • Duly signed and filled application form
  • Passport-size photograph
  • Statements of investments, if any
  • Copy of plan approved for the proposed construction/extension
  • Cost estimation or valuation report from the bank's (or finance company's) panel CA
  • Allotment letter of housing board/NOC of the society/builder etc.
  • Bank statement and salary slips

      In addition to these, you will have to also submit the following documents:

  • Identity and signature proof- Passport, Pan card, Driving License, Voter ID card, Aadhar card, employee identity card in case of government employees.
  • Address Proof- Bank statement, Rent Agreement, Voter ID card, Ration card, Passport, Driving License, telephone/electricity/water/credit card bill or Property tax.
  • Age Proof- Voter ID card, Secondary school leaving certificate (class 10), birth certificate, Passport, Aadhar Card, pension payment order or receipt of LIC policy.

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another

About Personal Loan

To meet unexpected financial exigencies or come out of high priced Credit Cards funds, you can avail IDBI Bank’s Personal Loan. Be it a marriage in family, renovation of house, meeting urgent educational / hospitalization expenses or travel abroad At times, personal Loan comes handy while arranging for Earnest Money to apply for a Plot / House, or to manage Margin Money funding to avail of a Home Loan / Loan Against Property.

Eligibility Criteria

  • Please refer bank’s specific website for eligibility criteria.

Documents Required

      To start the loan process, the lender will require:-

      Application Form with photograph

     KYC Documents –

  • Proof of Identity – PAN / Passport / Driver’s License / Voter ID card / Aadhaar card, etc.) and
  • Proof of Address – Passport / Aadhaar card / Landline Telephone Bill / Electricity Bill, Ration Card, etc.)

      A/c. Statement –

  • Statement of bank account for the last six months
  • If any previous loan, then Loan A/c. Statement for last 1 year

    Income Documents

     For salaried individuals:

  • Form 16 or IT returns – last 2 years
  • Salary slips for last 3 months

      For self-employed:

  • IT returns – last 2 / 3 years
  • Audited Balance Sheet & Profit & loss A/c – last 3 years
  • Proof of turnover vide latest sales / service tax returns
  • Proof of continuity of business (Trade License /Establishment /Sales Tax certificate)
  • Office address proof
  • Qualification or registration proof required for Self-employed Professionals Documentary proofs required may vary from customer to customer and the financial institute may ask for more documents, if required.

Do's and Don'ts

Do's

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer

About Car Loan

Getting to drive your dream vehicle can make life seem so much better. IDBI Bank offers Express Auto Loans for your dream vehicle. Our Auto loans are easy and quick to avail and we make sure you take on the roads faster with our quick processing of the loan. So, what are you waiting for? Just rush to book your dream car or bike (High end bikes costing minimum Rs. 1.20 lacs onwards) , while we take care of your loan requirement.

Eligibility Criteria

  • Please refer bank’s specific website for eligibility criteria.

Documents Required

  • Duly signed and filled application form
  • Passport Size Photograph
  • Identity and signature proof- Passport, Pan card, Driving License, Voter ID card, Adhar card, employee identity card in case of government employees.
  • Address Proof- Bank statement, Rent Agreement, Voter ID card, Ration card, Passport, Driving License, telephone/ electricity/ water/ credit card bill or Property tax.
  • Age Proof- Voter ID card, Secondary school leaving certificate (class 10), birth certificate, Passport, Adhar Card, pension payment order or receipt of LIC policy.
  • Income proof
  • For salaried individuals:
    • Latest 3 months salary slips
    • Form 16 with proper computation of income
    • Salary account bank statement for six months
    • Latest acknowledged IT return
  • Self-employed persons
    • Business stability and ownership proof
    • Last two years' computation of income, Profit and Loss statement, and balance sheet certified by a C.A.
    • Latest six months' bank statement

          Last two years' sales and copies of acknowledged IT returns as proof of turnover

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another

About Education Loan

Education loans from IDBI Bank aims at providing financial support to deserving / meritorious students for pursuing higher education in India and abroad. With an array of services to choose from and easy repayment options, IDBI Bank makes sure you get complete financial backing.

Eligibility Criteria

  • Please refer bank’s specific website for eligibility criteria.

Documents Required

  • Application form and photographs
  • Letter of admission received from the college/institution
  • Fee breakdown, stating the tuition fees and other charges
  • Education marksheets, starting from class 10th to the last qualifying exam cleared
  • A declaration/affidavit to confirm no other loan has been availed
  • Identity and signature proof - Passport, Pan card, Driving License, Voter ID card, Aadhar card, employee identity card in case of government employees.
  • Address Proof -Bank statement, Rent Agreement, Voter ID card, Ration card, Passport, Driving License, telephone/ electricity/ water/ credit card bill or Property tax.
  • Age Proof-Voter ID card, Secondary School Certificate (class 10), birth certificate, Passport, Aadhar Card, pension payment order or receipt of LIC policy.
  • Income proof
  • Salaried individual
  • Latest salary slip with Form 16
  • Salary account bank statement for the six months prior to applying for loan
  • Self-employed businessmen/professionals
  • Latest ITR, computation of income, Profit & Loss and Balance Sheet certified by a CA
  • Business continuity proof
  • Qualification proof of highest professional degree  

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another

About Loan Against Property

IDBI Bank brings Loan against property to enable you to unlock the power of your property. You can mortgage your residential, commercial or Industrial property to get a loan & meet all your financial requirements.

Eligibility Criteria

  • Please refer bank’s specific website for eligibility criteria.

Documents Required

Depending on whether you are salaried, or a self-employed professional, or a self-employed businessman, banks ask for different set of documents when offering an LAP.
The documents to be submitted when applying for an LAP are as follows:

  • For salaried individuals:
    • Proof of identity or residence
    • Latest salary slips
    • Form-16 issued by present employer
    • Bank statements of six months preceding the month in which loan is applied for
    • A cheque covering the administrative costs incurred by the bank in processing the application
    • A cheque covering the processing fee charged by the bank
  • For Self-employed Professionals:
    • Proof of identity or residence
    • Educational qualification certificates, degrees, diplomas, and other academic credentials
    • IT Returns of the three years preceding the one in which loan is applied for
    • Bank statements of six months preceding the one in which loan is applied for
  • For Self-employed Businesspersons:
    • Proof of identity or residence
    • Educational qualification certificates, degrees, diplomas, and other academic credentials
    • Proof of existence of business
    • Detailed business profile
    • Profit and loss sheet and balance sheets of the company for the three years preceding the one in which loan is applied for
    • IT Returns (of both self and the company) of the three years preceding the one in which loan is applied for
    • Bank statements of the six months preceding the one in which loan is applied for

 

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another