IDBI Bank is one of the largest public sector banks in India. The bank was founded in 1964 to help the development of industries in the country. Over the years, IDBI Bank has diversified into commercial banking and offers a host of banking services such as commercial loans, personal loans, credit cards, NRI banking, investment banking etc. IDBI General Credit Card Loans are offered to entrepreneurs involved in non-farm activities and are designed to help small and medium enterprises (SMEs) in the country.
Only entrepreneurs involved in non-farm activities are eligible for IDBI General Credit Card Loans.
Entrepreneurs can apply for this loan online on IDBI’s website. They will need to fill a form and then submit it along with the required documents. They can also track the status of their loan application on the website.
No, the IDBI Bank General Credit Card Loans are only offered for non-farm entrepreneurial activities.
The maximum loan amount offered through this facility is Rs 500,000.