Idbi Loan Products

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LOAN PRODUCTSPresented By:Hemant HembromSireesha InturiBavirisetti SirishaShivam SaxenaKrishna KumarVijay Kumar KrishnanRintana DasIDBI Manipal School of Banking Batch 1 Section GIDBI BANK LOAN PRODUCTS

Home Loan

Education Loan

Auto Loan

Personal LoanLoan Against Property

Loan Against SecurityIDBI BANKIDBI Bank Home Loan

5 Lakhs - 10 crores Customized Home Loan Features for Salaried (Including NRI) Self Employed Professional Self Employed Non Professional (Business Category).

Choose your own Interest Rate Choose your Repayment options - Step up Repayment Facility - Step Down Repayment Facility - Tranche Based EMI Refinance facility towards purchase/construction of the house < 12 months from date of transaction

IDBI Bank Home Loan Interest SaverSave interest costLinking Home Loan account with Flexi Current Account

Interest on Home loans Outstanding balance of loan Minus balance in the Current Account

IDBI Bank Home Loan Solutions: AdvantagesIn-principle loan approval - before property is selected.Assistance in property searchLoan from anywhere - Home anywhere in India.Extensive RangeLoan eligibility can be checked online

DocumentationSalaried Customers

Self Employed Professionals

Self Employed Non Professionals

Application form with photograph



Identity and Residence Proof



Latest Salary-slip for last 3 months

Education Qualifications Certificate and Proof of business existence

Proof of business existence

Form 16/ITR

Last 3 years Income Tax returns (self and business)

Business profile

Last 6 months bank statement

Last 3 years Profit /Loss and Balance Sheet

Last 3 years Income Tax returns

Last 3 years Profit /Loss Balance

Processing fee cheque

Last 6 months bank statements

Last 6 months bank statements



AUTO LOANFeatures :Eligibility Criteria:

IDBI Bank offers Auto loans for both Salaried and self- employed professionals at attractive interest rates.Min age of the applicant: 18 yearsMax age of the applicant (At loan Maturity): 70 yearsMin. Annual Income of Rs. 1,80,000/-

List of documents required for Auto loan Age Proof:School Leaving CertificatePassportDriving LicenseElection ID CardBirth CertificateLIC PolicyPAN Card Address Proof:PassportDriving licenseElection Id cardTelephone Bill / Electricity BillTitle deed of property / Rental AgreementEmployers letterSales Tax RC / ITR / Form 18 Identity proof:PassportPAN cardElection ID cardDriving licenseEmployers ID card

Income Proof:Latest 2 months salary slips; Form 16/ ITR for last 2 years; Bank Statement reflecting salary credits for 4 months

Bank Statement:Income Statement, Balance Sheet and ITR for last 2 years, Bank Statement for 6 monthsThe IDBI Bank Auto Loan Advantages

Maximum FundingAttractive interest ratesTie-up with Dealers and ManufacturersHassle free DocumentationRepayment through equated monthly installments of both principal and interest

Education LoanAims at providing financial support to deserving / meritorious students for pursuing higher education in India and abroad.IDBI Bank Education Loan covers: Examination feeTuition Fee2-Wheeler/travel expensesLaboratory/Library feesBooks and other Equipment chargesPurchase Computer/LaptopInsuranceHostel Fee etc.

Loan amount range: Idbi bank Provides Education loan up to 10 lakhs for Indian Education courses of Graduation and Post-graduation under priority sector lending

For Abroad studies the loan will be up to 20 lakhs

Upto 4 lakhsUpto 7.5 lakhsUpto 10 lakhsNo security requiredgive third party guarantee to re payment of Education loan along with parents(Third party) Salary documents, Bank balance sheet and other Property proofs.all necessary documents + to provide loan as per parents future Income and type of course selected by student.

Documents need to submit to approve/get loanLoan application formEducation Certificates of SSC, Intermediate and other degrees.Income Proof-Any either salary slip/other(co -applicant)Age and identity proof (both)Residency proof (both)Income tax assessment of last 2 years (co -applicant)Last 6 months of Bank account balance sheet(co -applicant)Latest 2 passports Photo graphs (both)Admissions proof in college (in case of abroad studies i20 form)College Fee structure.Passport/Visa (in case of abroad studies)

Rate of interest11.25% (Base rate +1%)- upto 10 lakhs (or 20 lakhs)

12.25% (base rate +2 %)-above 10 lakhs (or 20 lakhs)Additional benefits50 basis points reduction for children of existing customer of the bank handicapped applicantsgirl applicantChildren of staff member of idbi ltd.Maximum reduction in interest not to exceed 100 basis point.

Processing fee No processing fee for studies in IndiaFor abroad studies, 1 % of loan amount subject to maximum of Rs. 5000(which can be refunded at the time of disbursement)Repayment of loan After 1 year completion of course or After 6 months of getting job, whichever happens earlier. Loan re Payment period is commencement of 5-7 years

PERSONAL LOAN:FeatureSalaried Customers maintaining salary account with IDBI Bank .Salaried customers & SEPs (with or without existing liability relationship with IDBI Bank) Salaried individuals & Self employed Professionals having Asset relationshipMinimum Net Salary/ IncomeFor Salaried class :-Minimum Annual Average Balance (AAB) of Rs. 20,000/-(not applicable to salaried customers maintaining salary account with IDBI Bank) and Minimum Annual Net Income (ANI) of Rs. 1,80,000/-.For SEP class :-Minimum Annual Average Balance (AAB) of Rs. 25,000/- and Minimum Annual Business Income of Rs. 2,40,000/- for last 2 FY.AgeMinimum age : 22 Years.Maximum age at termination of loan should not be above 60 years or date of retirement, whichever is earlier.TenorMinimum : 12 MonthsMaximum : 60 MonthsPersonal Loan from IDBI Bank is targeted to the Salaried Individuals and Self Employed Professionals (SEPs)

Feature

Salaried Customers maintaining salary account with IDBI Bank .

Salaried customers & SEPs (with or without existing liability relationship with IDBI Bank) Salaried individuals & Self employed Professionals having Asset relationship

Maximum Loan AmountMinimum: Rs.50,000/-

Maximum:Rs. 10,00,000/-Minimum:- Rs.50,000/-Maximum :-a) For customers non maintaining salary account with IDBI BankRs. 5,00,000/-b)For confirmed employees from departments and institutions promoted / sponsored by State & Central government, the three Armed Services Rs.10,00,000Minimum:-Salaried & SEPs :-

Rs.50,000/-

Maximum:-Salaried :- Rs.10,00,000/-SEPs:Rs.5,00,000/-Rate of Interest13.75%14.25%13.25%*Base rate: 10.25%

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.

Features

Loan Purpose:- Business Expansion Education/Marriage expenses Purchase of house Improvement/Extension of existing Property Medical Treatment Any other personal Need.

Loan Amount:Up to Rs.10cr, Loan above Rs.10cr can be provided depending upon individual cases. Loan Tenure:Up to 15 Years. Processing Fees: Up to 1% of the loan amount plus service tax as applicable. Maximum Funding: Up to 65% of the market value of the property (Residential Self Occupied) Up to 55% of the market value of the property (Residential Leased Out) Up to 50% of the market value of the property(Commercial/Industrial) More funding to existing Banks customer.Security: Primary:First Charge on the mortgaged property by way of equitable mortgage against which IDBI Bank has advanced the loan.

Collateral:Liquid Collaterals as required by The Bank selectively in the form of Pledge/Hypothecation and Assignment depending upon individual cases.

IDBI Bank offers loans against securities for the liquidity of your long term investments. IDBI Bank's Loan Against Security can beavailed against pledge of:Equity Shares Dematerialize Shares upto 50% of the market valueMutual Funds units - Mutual Funds upto 50 % of NAV (Net Asset Value)RBI Bonds (8% Saving Bonds 2003 (Taxable) (Margin 5% of Face value every unexpired year)Life Insurance Policies. (Margin 15 % of surrender value)National Saving Certificate (NSC) (Margin 20% of accrued value)Kisan Vikas Patra (KVP) (Margin 20 % of accrued value)

IDBI Bank Loan Against SecuritiesThe IDBI Bank Loan against Securities AdvantageNo EMIsNo Post dated chequesNo Pre-payment chargesInterest charged only on utilized amountSimple and speedy processing

The IDBI Bank Loan against Securities Features Loan Against Shares

Loan Against GoI Bonds

Loan Against Life Insurance Policy

Loan Against Mutual Funds Units

Thank You.