Manage Money

Bank Name

Low interest rate instant Personal Loan in Surat,17 November 2018 from IDBI Bank

surat is a rapidly developing city in the Indian state of Gujarat. Surat was a large seaport earlier; it is now a flourishing center for diamond cutting and polishing. The city center of Surat is located on the banks of the Tapti River and is quite close to the Arabian Sea. Apart from its diamond industry, Surat has also achieved huge success in the textile industry and is gradually proceeding into the IT sector. Microsoft and IBM have taken up the task of developing Surat into a smart city with special attention towards Citizen Services, Waste Management and Disaster Management. Surat is known for its wonderful infrastructure - it is often called the city of flyovers. Surat is also known for its sense of hygiene - despite its industrial backdrop, Surat proudly claims to be one of the tidiest and cleanest cities in the country. Surat is a culturally diversified city. Apart from being called the "Diamond City" and the "Silk City", Surat is often referred to as mini India, owing to a large number of immigrants from all over India. Surat is probably the only city in Gujarat that celebrates non-Gujarati festivals. Surats landscape comprises a bustling city with all the modern amenities and industries on one hand and gorgeous beaches on the other. This avid juxtaposition makes the city all the more picturesque., surat is a fast growing city in the state of Gujarat. Surat used to be a seaport earlier. It is now flourishing in diamond cutting and polishing. Thriving on the banks of River Tapti, Surat is near the Arabian Sea. Besides its flourishing diamond business, the city has also achieved immense success in the textile industry. It is now setting its initial footsteps in the IT sector. IBM and Microsoft are developing Surat into a smart city by improving its Services for Citizens, Waste Management and Disaster Management. Surat is often referred to as the "Silk City", "Diamond City" and it is of late being viewed as a mini India, since a large number of immigrants are moving to Surat from all over India thus making it a culturally diversified city. No other city in Gujarat indulges so much in the cultures of other states as Surat does by celebrating many non-Gujarati festivals. The vibrant essence of the city comprises of a bustling city crowd with all the available modern amenities. While there is an industrial belt on one hand, there are gorgeous beaches on the other. This avid combination makes the city all the more picturesque and appealing.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

IDBI Bank was established to provide credit and other financial facilities for the development of the fledgling Indian industry, in 1964. The Government of India owns it. It is a nationalized bank treated on par with State Bank of India (SBI) and other nationalized banks as per the notification dated 26th February 2013 by the finance ministry. At present,77% stake in IDBI Bank is holding by the government. In the current fiscal of 2017-18, the bank made a loss of Rs.853 crore compared to a profit of Rs.241 crore earned during the last fiscal year. It currently has 3,817 ATMs, 1,995 branches, including one overseas office in Dubai. On June 29, 2018, Life Insurance Corporation of India (LIC) has got a technical go-ahead from IRDAI to increase stake in IDBI Bank up to 51%. The RBI formed a committee which recommended the development financial institution (IDBI) to diversify its activity and harmonize the role of development financing and banking activities by getting away from the conventional distinction between commercial banking and developmental banking. The bank had 16,555 employees, out of which 197 were employees with disabilities, as on 31st March.

How can I get a low interest rate personal loan from IDBI Bank in Surat as of 17 November 2018?

The interest rates on personal loan depends on many factors. These multiple factors help determine the interest rate of personal loan that you will get.

There are two ways that you can get a low interest rate personal loan

  1. You can a let the mymoneykarma algorithms find the lowest interest rate personal loan for you based on your eligibility.
  2. You can analyze all the 15 + factors that go in the personal loan pricing and then go through the 40 lenders to figure out which one can give you the lowest interest rate personal loan

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

As on 17 November 2018 How can I get an instant personal loan from IDBI Bank in Surat?

Personal loans are required more in emergencies to get over the short term cash crunch that you might be facing, Therefore getting the instant personal loans will help you. While the regular lenders give your personal loans in 72 hour, mymoneykarma can help you get the cheapest rate instant personal loans. We have tie ups with banks in all the cities and help process the loans fast. One of the most important factor in getting an instant personal loan is that the whole process should be online. Any part of the process that requires in person meetings just delays the process and takes the time to disbursal to 48 to 78 hours. Another important factor to keep in mind is to go with the bank that will the best suited for you given your eligibility

As on 17 November 2018 What are the documents required by IDBI Bank for low interest rate personal loan in Surat ?

The documents for various lenders are different. However, most of them require a common set of documents . These are the personal loan documents you should have at minimum to avail a personal loan. What is important to note that personal loan documents for Salaried borrowers are different from those that are required for self employed borrowers. Please find below the lost of

What are the documents for Salaried Individuals by IDBI Bank in Surat:

  • Identity Proof to prove that you are the borrower: Vaild Passport, Valid Driving License, Valid Voters ID or Valid PAN Card

  • Residence proof to prove that you life at the residence entered in the application : Valid Passport or Current Utility bills

  • Income Proof to prove that you make the salary that you have filled on the application:  Current recent 3 months Bank Statement of the account where the salary comes in 

  • Income Proof to prove that you make the salary that you have filled on the application: Salary slips provided by the employer for last 3 months.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

What are the documents for Self-Employed IDBI Bank in Surat:

  • Identity Proof to prove that you are the borrower: Vaild Passport, Valid Driving License, Valid Voters ID or Valid PAN Card

  • Residence proof to prove that you life at the residence entered in the application : Valid Passport or Current Utility bills

  • Income Proof to prove that you make the income that you have filled on the application: Previous two years books of accounts audited by the auditors 

  • Income Proof to prove that you make the income that you have filled on the application: Bank statement of the business account for the last 6 months 

  • Office address proof to prove that your have your office on the address that you have filled in the application : Rental or ownership documents of the office