IDFC First Bank Personal Loan

⋆ Interest Rate 9.99% ⋆

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Why us?

Rates as low as 9.99%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

IDFC First Bank Personal Loan Key Features

Eligibility Criteria  Details
Age 21 – 60 (at loan maturity)
CIBIL Minimum 750 or above
IDFC First Bank Personal Loan Interest Rate  9.99% per annum
Lowest EMI per lakh Rs 2148
Tenure 12 to 48 months
IDFC First Bank Personal Loan Processing Fee 1% of the loan amount
Prepayment Charges Allowed after 12 Months (2 – 4 %)
Part Payment Charges Allowed after 12 Months (2 – 4 %)
Minimum Loan Amount ₹1 Lakh
Maximum Loan Amount ₹ 40 Lakh

Benefits of IDFC First Bank Personal Loan

  1. Flexible loan tenure, EMI, Payment options which makes it easier for the customer.
  2. Very less documentation is required.
  3. The interest rates are very affordable and easy to pay.
  4. The interest rates are fixed and it is charged the same on a regular basis.

IDFC First Bank Personal Loan Eligibility Criteria

The eligibility criteria for a personal loan in IDFC First Bank are:

  1. They must be salaried individuals.
  2. They must be from the ages of 24 to a maximum of 60 years at the time of loan maturity.
  3. They should have a minimum income of 25,000.

IDFC First Bank Personal Loan Interest Rate, Fees & Other Charges

IDFC First Bank charges an interest rate that starts at 9.99% per annum.

IDFC First Bank Personal Loan Documents Required

Documents Required for Salaried Applicants:

The documents required for salaried applicants are: last 3 months salary slips, 6 months old bank statements are also considered, PAN and Aadhar card is required as identity proof, residence proof (owned/rented/company provided) along with 2 passport-sized photographs.

*NOTE: In case of rented apartments, the rental agreement is to be attached.

Documents Required for Self-Employed Applicants:

The documents required for self-employed applicants are: all financials are considered (company documents as well as ITR files), PAN card, Aadhar card, residence proof along with 2 passport-sized photographs.

Personal Loan EMI Calculator for IDFC First Bank

IDFC First Bank Personal Loan Comparison with Other Banks

Particulars IDFC First Bank Bajaj Finserv Axis Bank Citibank ICICI Bank
Interest Rate 9.99% Starting from 12.99% 15.75% to 24% Starting from 10.99% 11.50% to 19.25%
Tenure 12 to 60 months 12 to 60 months 12 to 60 months 12 to 60 months 12 to 60 months
Loan amount Upto Rs. 40 lakh Up to Rs. 25 lakh Rs. 50,000 to Rs. 15 lakh Up to Rs. 30 lakh Upto Rs. 20 lakh
Processing Fee Up to 2.50% of the loan amount Up to 3.99% of the loan amount Up to 2% of loan amount plus GST Up to 3% of the loan amount Up to 2.25% of loan amount plus GST

How to apply for IDFC First Bank Personal Loan?

There are two ways to apply for a personal loan from IDFC First Bank. The first step is to visit the bank and apply fora personal loan. The second step is to fill a simple form and submit it with Dialabank. You will get satisfaction to apply for a personal loan from anywhere through Dialabank.

Other Loan Products from IDFC First Bank

IDFC First Bank Education Loan IDFC First Bank Car Loan IDFC First Bank Gold Loan

Why should you apply for IDFC First Bank Personal Loan with Dialabank?

Dialabank also guides you in choosing the best of the banks by offering you the up-to-date market comparison of various banks to help you make the right decision. We at Dialabank have already guided thousands of people to avail of the loan that they need without any problem and would want to continue doing so. Apply today to get the offers and special discounts on IDFC First Bank personal loan.

Call us at 9878981166 to get a Personal loan from IDFC First Bank.

How to Calculate EMIs for IDFC First Bank Personal Loan

You can calculate the EMI of your personal loan quite easily, you just need the basic information about the loan: the amount of the loan, the rate of interest, and the loan period.

You would just have to enter the values in the calculator below to find the exact amount that you have to pay each month.

IDFC First Bank Personal Loan Processing Time

IDFC First bank usually takes a few days when it comes to the processing of personal loan applications. However, IDFC First Bank approves the loan in a few hours to a maximum of 3 days to its pre-approved already existing account holders.

IDFC First Bank Personal Loan Preclosure charges

IDFC First Bank gives you the option of closing your personal loan after the 3rd successful EMI has been paid. The amount charged for the pre-closure would be 3% of the outstanding loan amount and the GST charges would also be charged.

Pre Calculated EMI for IDFC First Bank Personal Loan

Loan Amount @ Rate of Interest Tenure Of Loan
1 year 2 years 3 years 4 years 5 years
2.5 lakh @ 11.25% Rs. 22,125 Rs. 11,681 Rs. 8,214 Rs. 6,492 Rs. 5,467
5 lakh @ 12% Rs. 44,424 Rs. 23,536 Rs. 16,607 Rs. 13,166 Rs. 11,122
10 lakh @ 12.5% Rs. 89,082 Rs. 47,307 Rs. 33,453 Rs. 26,579 Rs. 22,497
15 lakh @ 13% Rs. 1,33,975 Rs. 71,312 Rs. 50,540 Rs. 40,241 Rs. 34,129

Different Offers for IDFC First Bank Personal Loan

IDFC First Bank has 3 different types of personal loan which starts from a simple personal loan for salaried individuals, smart personal loan and personal loan balance transfer facility.

IDFC First Bank Personal Loan for Salaried Employees(simple personal loan)idfc personal loan

IDFC First Bank gives personal loans for salaried employees at really attractive rates of interest. The amount that gets approved as a loan mostly depends on the company that you work for, the salary that you take home as well as your city of residence. IDFC  First bank offers these loans for a period of 12 months to 84 months and provides immediate sanctioning of the loan with the money for the pre-approved customers.

IDFC First Bank Personal loan for self-employed individuals

IDFC First Bank personal loan for self-employed individuals also known as the smart personal loan is a product that is offered the people who are self-employed and in need of immediate funds. The bank gives them simple rates of interest on the personal loan with a loan period of 12-48 months. However, when compared to salaried employees you would have to provide the bank with adequate documents that are related to your business such as qualification certificate/certificate of practice, shop act license, sales tax/VAT registration/ Partnership deed. You can get a loan ranging from 1 to 40 lakhs.

Different Personal Loan Offers by IDFC First Bank

IDFC First Bank Personal Loan Balance Transfer

A personal loan balance transfer is the process where you shift your personal loan from one financial institution to another. You can always choose to transfer your current loans from other banks to IDFC First Bank to enjoy finer rates of interest and the advantage of paying everything together in one place. The advantages of transferring your personal loan are :

  1.  Unification of existing loans into one account in IDFC First bank.
  2. Pay a unified EMI of both previous and existing loan to one loan account.
  3. Save money by paying one interest amount for all of the loans together than paying separately.

IDFC First Bank Personal Loan Top Up

Top up is an add-on facility on your loan is the extra amount that you borrow from the bank on your already existing loan. IDFC First Bank lets you get this feature if you have been paying at least 3 regular EMIs without any disturbances in payment. You can get a minimum of  ₹ 1 lakh and a maximum of your already existing approved loan amount.

How to Apply Online for IDFC First Bank Personal Loan?

You can also apply for IDFC First Bank personal loan online by visiting the website and filling the form which is needed for applying for a personal loan or you could just try these steps:

  • Visit our website – dialabank
  • Fill in the application form needed and submit it.
  • Wait for a call from our relationship managers who are experts in the field of the loan that you have applied.
  • Get customized service for getting a personal loan by comparing various features of several banks and choosing the one of your preference.

IDFC First Bank Personal Loan Status

You can check the status of your IDFC First Bank Personal Loan by the following methods – 

  • You can also visit the nearest loan branch and also ask the banker for the same.
  • Log In to the IDFC Netbanking Portal, Click on loans from the top icon and click on Enquire to check the status of your loan.
  • Search for ‘personal loan status’ on Google, open the first link which will direct you to the Loan Status Tracker webpage of IDFC First Bank and you would be asked to fill the needed information to check your eligibility to avail this loan.

FAQs About IDFC First Bank Personal Loan

✅ How to apply for IDFC First Bank Personal Loan?

You can apply for a personal loan with IDFC First Bank either by visiting the nearby branch of IDFC First Bank or by submitting a simple form with Dialabank. With Dialabank, you get the satisfaction to apply from anywhere and get quick online approval.

✅ What is the Interest Rate for IDFC First Bank Personal Loan?

IDFC First Bank charges an interest rate that starts at 9.99%.

✅ What is the minimum age for getting a Personal Loan from IDFC First Bank?

You should be 21 years old to apply for a personal loan with IDFC First Bank.

✅ What is the maximum age for getting a Personal Loan from IDFC First Bank?

The maximum age for availing a personal loan from IDFC First Bank is 60 years.

✅ What is the minimum loan amount for IDFC First Bank Personal Loan?

The minimum loan amount for IDFC First Bank Personal Loan is Rs. 1 lakh.

✅ What is the maximum loan amount for IDFC First Bank Personal Loan?

IDFC First Bank allows you to take a maximum loan amount of Rs. 40 lakhs under the personal loan scheme.

✅ What are the documents required for IDFC First Bank Personal Loan?

You will require an Aadhaar card/Voter ID, PAN card, salary slips/ITR, and two recently clicked photographs that are required for a personal loan from IDFC First Bank.

✅ What is the Processing Fee for IDFC First Bank Personal Loan?

IDFC First Bank charges a processing fee of up to 1% of the loan amount for the personal loan.

✅ How to get IDFC First Bank Personal Loan for Self Employed?

IDFC First Bank avails special offers for self-employed borrowers to aid them economically. You will have to provide the ITR files of the last two years as your income proof.

✅ What is the Maximum Loan Tenure for IDFC First Bank Personal Loan?

The maximum tenure period for a personal loan from IDFC First Bank is 48 months.

✅ What should be the CIBIL Score for IDFC First Bank Personal Loan?

You must have a CIBIL score of at least 750 or above for availing a personal loan from IDFC First Bank.

✅ Do I have a preapproved offer for IDFC First Bank Personal Loan?

You can examine for your preapproved personal loan offers from IDFC First Bank with Dialabank. All you have to do is fill the form, and we will check all the offers for you and get back to you to help you choose the best one.

✅ How to calculate EMI for IDFC First Bank Personal Loan?

You can use the EMI calculator available at Dialabank’s website for the calculation of your personal loan EMIs from IDFC First Bank.

✅ How to pay IDFC First Bank Personal Loan EMI?

Your personal loan EMIs from IDFC First Bank automatically takes from your bank account on a monthly basis. You can also use the net-banking facility of IDFC First Bank to pay for your personal loan.

✅ How to close IDFC First Bank Personal Loan?

You will have to first pay all the outstanding personal loan amount and then contact the IDFC First Bank branch to collect your no dues certificate.

✅ How to check IDFC First Bank Personal Loan Status?

You will need the visit the IDFC First Bank branch to know the status of your personal loan. Alternatively, you can visit Dialabank and fill a simple form to let us do the hard work for you.

✅ How to close IDFC First Bank Personal Loan Online?

Closing of personal loan from IDFC First Bank involves the following steps:

  • Visit the net-banking page of IDFC First Bank.
  • Login using your details.
  • Pay for your personal loan and save the transaction receipt.

✅ How to pay IDFC First Bank Personal Loan EMI Online?

Your personal loan EMI can be paid using the IDFC First Bank net-banking services. Dialabank allows you to compare offers and deals from various banks to choose the best, low-EMI personal loan. All you have to do is fill a simple form, and we will do the rest for you.

✅ How to check Personal Loan Balance in IDFC First Bank?

To check the personal loan balance in IDFC First Bank, you will need to contact the customer care number of IDFC First Bank. If you are searching for low-interest personal loans, you can visit Dialabank and fill a simple form for Personal Loan Balance Transfer, and we will do the hard work for you.

✅ How to download IDFC First Bank Personal Loan Statement?

The personal loan statement of IDFC First Bank can be downloaded using the IDFC First Bank mobile banking app. You can visit the online platform of Dialabank and fill a simple form to compare and know about all the offers that we have for you.

✅ How to Top Up Personal Loan in IDFC First Bank?

If you need a top-up on your personal loan from IDFC First Bank, you will have to visit the bank branch and contact the loan officer. You can also fill a simple form with Dialabank at Personal Loan Top Up and leave the rest to us.

✅ What happens if I don’t pay my IDFC First Bank Personal Loan EMIs?

IDFC First Bank will charge you with a penal interest if you don’t pay your personal loan EMIs. You can apply for a balance transfer using Dialabank to get low-interest personal loans that will not put a hole in your pocket.

✅ How to find the IDFC First Bank Personal Loan account number?

You will need to contact your IDFC First Bank loan branch to know your personal loan account number. You may also fill out the form available at Dialabank and let us do all the work for you.

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