IDFC Personal Loan Apply, Interest Rate 2024 Eligibility

IDFC Personal Loan Apply, Eligibility, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.

If you want to take instant personal loan from IDFC Bank then this article is for you. In this article of IDFC Instant Personal Loan , we will know how we can apply for IDFC Personal Loan, how much loan amount we can get under this personal loan, how much interest rates we have to pay on this loan, What is its maturity period, eligibility etc. For this you are requested to read this article till the end.

IDFC Personal Loan 2024

Like other banks, IDFC FIRST Bank also provides Personal Loan. IDFC First Bank Personal Loan is also one of the most popular personal loan in India. IDFC FIRST Bank provides you personal loan at very attractive interest rate. Friends must have this question in your mind that how can we take personal loan from IDFC First Bank. But before taking a personal loan, we need to know what is a personal loan?

As friends, it is known from the name that when we do any of our personal work such as for wedding expenses, for traveling somewhere, for children’s education, for buying a house or for building a house etc. any personal If you take a loan for work, then it is called personal loan . Personal loan is an unsecured loan . This loan is given to you on the basis of your strong CIBIL score . If you are an existing customer of IDFC FIRST Bank and your CIBIL score is very good then you can take pre-approved personal loan from this bank at very low interest rate.

You do not have to give any collateral or security to take IDFC FIRST Bank Personal Loan . Both salaried person and self employed can apply for IDFC Personal Loan .

IDFC FIRST Bank Instant personal loan Overview

• Loan Name: IDFC First Bank Personal Loan
• Loan Providing Bank : IDFC FIRST Bank
• Loan amount: Up to Rs 40 lakh
• Interest Rate : Starting from 10.75% p.a.
• Time to repay the loan: 12 months to 60 months
• EMIs starting : ₹2,149/lakh*

IDFC FIRST Bank Instant personal loan amount

To fulfill your needs, you can get huge amount from IDFC First Bank. You can get the loan amount from IDFC First Bank personal loan as follows:

• If you are a salaried person, then you can get a personal loan ranging from Rs 1 lakh to Rs 40 lakh.
• If you are a self-employed individual then you can get a personal loan from Rs 1 lakh to a maximum of Rs 9 lakh.

IDFC FIRST Bank Personal loan tenure

Before taking a loan, we also have to pay attention to how much time the bank gives us to repay the personal loan. IDFC FIRST Bank gives you an attractive time to repay this personal loan. Here you can repay this loan in 12 months to 60 months.

IDFC Personal Loan Interest Rate 2024

Before taking a personal loan from any bank, we need to know that how much interest rate that bank will charge us on personal loan. At present, the interest rates of IDFC First Bank Personal Loan starts from 10.75% p.a. which can go up to 22% p.a.

If you are an existing customer of IDFC Bank and your CIBIL score is also very good then you can get personal loan from this bank at very low interest rate.

If we apply for that loan without knowing the interest rate of the loan properly, then we may have to face problems at the time of repayment of the loan.

Benefits and Features of IDFC First Bank Personal Loan

Till now we have taken IDFC Personal Loan Kaise Le? Have gained a lot of information about friends. Now we are going to talk about what are the main features and benefits of this personal loan. You can see the benefits and features of this loan here:

• If you are in urgent need of money or you need money for your personal work like education, travel, wedding expenses, house repairs etc. then you can go for personal loan of this bank. can take advantage of
• Both the employed person or self employed person are eligible for this personal loan.
• Any eligible person can take a personal loan up to Rs 40 lakh from IDFC First Bank.
• Those who are existing customers of IDFC First Bank and who have high credit score can also get this loan at low interest rate.
• At present, the interest rates of IDFC First Bank personal loan starts from 10.75% per annum.
• This bank gives you 12 to 60 months to repay your personal loan.
• The minimum EMI calculated based on the lowest interest rate and the loan amount for the longest tenure is ₹ 2,149 per lakh.
• You can take this personal loan for any of your personal work.
• It is possible to foreclose/prepay the loan at any time during the tenure of the loan after payment of 12 or more than 12 EMIs.
• Foreclosure charges are levied up to 5% of the loan amount.
• In case of Smart Personal Loan, you can foreclose your loan after 3 months.

IDFC Personal Loan Fees & Charges

Now let’s talk about which charges and fees we have to pay for taking personal loan from IDFC Bank. Here you can see the Fees & Charges of this loan:

Processing fee	Up to 2.5% of the loan amount
EMI bounce charges	Rs.400
Repayment Instrument Swap Charges	Rs.500
Statement of Account (Ad-hoc/Duplicate)	Rs.500
Duplicate No Objection Certificate / No Due Certificate	Rs.500
Cancellation/rebooking charges	1% of loan amount
stamping charges	according to actual
physical repayment schedule	Rs. 500
Document retrieval fee (per retrieval)	Rs. 500
EMI pickup/collection charges	Rs. 350
Foreclosure charges	Loan can be foreclosure/prepayment after payment of 12 or more EMIs up to 5% of the loan amount
Overdue interest	2% of EMI paid or Rs.300 whichever is higher
Part Prepayment fees	Simple Personal Loans – N/ A   Smart Personal Loans – Maximum 40% of the current principal is allowed for partial payment once in a financial year. This option is available only after the initial 3 EMI payments. A 2% Part Payment Charge is applicable on Partial Payment to avail this option.
registration fee	The contract registration fee will be on actual, deducted from the loan amount at the time of disbursement

Note: All fees/charges to be paid will be exclusive of GST as may be applicable. The above prescribed schedule of fees may be revised by the Bank from time to time, as will be updated on the official website of the Bank.

IDFC Personal Loan Types

IDFC First Bank provides two types of personal loan facility to us. Which is as follows:

Simple Loan : Under this facility of loan, the bank provides loan at comparatively low interest rate. And the tenure period is also less as compared to smart loan.

Smart Loan: Under this facility, you are provided loan for a long period. Its interest rate is higher as compared to ordinary loan. Under this loan, you can get the interest rate reduced at any time, which you can get the benefit of.

IDFC FIRST Bank personal loan EMI calculator

Before taking a personal loan from any bank, it is very important for us to know that how much EMI we have to pay per month to repay the loan. According to the minimum interest amount and maximum time, the EMI of personal loan in this bank is ₹ 2,149 per lakh per month.

You can calculate the EMI of your loan with the help of Personal Loan EMI Calculator by visiting the official website of the bank.

The EMI of a personal loan depends on the loan amount, interest rate and loan tenure. The higher the interest rate of your loan, the higher will be your EMI, so you should compare between different EMIs so that you can find the cheapest loan.

IDFC personal loan eligibility

Now let us know what you should be eligible for to take IDFC First Bank Personal Loan. The first eligibility is your credit score. The better your credit score, the sooner you will get the loan. Eligible for both Salaried and Self-Employed  is given below.

For Salaried Logos:

• The minimum age of the applicant should be 23 years.
• Maximum age at the time of loan maturity – 60 years or retirement, whichever is earlier
• Minimum salary for CAT ACE/ACE PLUS SA/A/B is Rs.20,000
• Minimum salary for CAT C/ CAT D is Rs.25,000
• Must have minimum 7 months work experience in the present field. Total work experience should be at least 2 years.
• No limit on minimum residence stability

For Self Employed Logos:

• Applicant’s minimum age should be 25 years and maximum 65 years.
• The business should be in existence for a minimum period of 3 years.
• Average Bank Balance (ABB) should be 5,000 or more.
• No limit on minimum residence stability

Documents for IDFC First Bank Personal Loan

To apply for loan in idfc first bank, you have to provide the following documents:

• 3 months bank statement
• Photo Identity Proof (Passport, PAN Card, Voter ID, Driving License, Aadhar Card)
• Address Proof (Ration Card, Passport, Bank Account Details, Aadhar Card, Driving License, Electricity Bill, Telephone Bill)
• income proof
• For Salaried Persons:  Last 3 Months / 6 Months Bank Statement (Scheme Dependent) Showing Salary Credits, Latest 3 Months Salary Slip
• For Self Employed Individuals:  ITR of 2 years, P&L and Balance Sheet for last 2 years, Bank Statement of last 3 months
• ownership proof
• business proof

How to Apply IDFC FIRST Bank Personal Loan?

Now we will know how friends can apply for IDFC First Bank Personal Loan. We have two ways to apply for this loan. One we can apply online and second we can apply offline.

First of all let us know how we can apply online.

Apply Online:

Step 1: To apply online, you have to first go to the official website of IDFC FIRST Bank.

Step 2: On the home page of the website, the option of personal loan will appear in the option of Loans, click on it.

Step 3: After clicking, the next page will open. After visiting this page, you have to check your eligibility first.

Step 4: If you are found eligible for this personal loan, then you will see the option of apply now on this page , click on it.

Step 5: A form will open in front of you. You have to submit the form by entering the requested information in it.

Step 6: Based on your eligibility, your loan request will be approved.

Step 7: Upload the required documents for verification.

Step 8: After verification the loan amount will be transferred to your account.

Apply Offline: If you do not want to apply online then you can apply offline by visiting your nearest bank.

How to Check IDFC First Bank Personal Loan Application Status?

• To check the status of your application, first you have to visit the official website of the bank.
• On the website, you will see the option of track your application status, click on it.
• A form will open in front of you, in which you have to enter your loan application number and mobile number.
• After entering the information, you have to click on continue.
• After clicking, the status of your application will appear in front of you.

How to Login to IDFC FIRST Bank Portal?

• Firstly the official website of the bank to visit
• Login option will appear on the home page of the website, click on it.
• Login form will open in front of you.
• You can login to the portal by entering the requested information in the login form.

IDFC Personal Loan Customer Care

If you are facing any kind of problem in taking personal loan from this bank then you can talk to IDFC Personal Loan customer care. IDFC bank customer care numbers have been given to you below:

• Toll-free number – 1860-500-9900
• Compliance contact number – 1800 419 4332

Conclusion:

Friends, in this article we have given you IDFC Personal Loan provided all information about it. If you want to know more about this loan then you can talk to IDFC First Bank Personal Loan Customer Care. Hope you friends have found this article informative. If you liked this article then please share it with your friends.

FAQs on IDFC Personal Loan