IDFC First Bank Personal Loan 2024: Today’s post is very important for the customers of IDFC First Bank because today we are going to talk about IDFC First Bank Personal Loan. If you are a customer of this bank and you need a personal loan, then let us tell you that this bank provides personal loans to its customers from Rs 5000 to a maximum of Rs 10 lakh.
For your information, let us tell you that its starting interest rate is 10.99% per annum and you can get the loan amount as per your need for a maximum period of 5 years. In this post, we will tell you further how IDFC First Bank Personal Loan can be taken, what is its interest rate, who is this loan for, what is its eligibility and document requirements, etc. For complete information, you must read this post completely.
IDFC First Bank Personal Loan 2024
IDFC First Bank provides personal loans to its customers for marriage, travel, medical, home renovation, etc., if you need a loan to fulfill these purposes, then you can also get an online instant personal loan from this bank at an interest rate of 10.99% per annum.
Under IDFC First Bank Personal Loan, you can get a loan amount up to a maximum of Rs 10 lakh, however, for this, you have to fulfill the easy terms and conditions of the bank, about which we are going to give you information further.
IDFC First Bank Personal Loan Interest Rate
IDFC First Bank Personal Loan service is open for employed and self-employed candidates, whose starting interest rate is 10.99% per annum. Apart from this, up to 2% of the loan amount has to be paid as a processing fee.
The loan interest rate is applied by evaluating other factors such as the monthly income of the person, loan amount, credit history, job profile, financial record, etc.
IDFC First Bank Personal Loan Benefits
- Employees or business people can apply for this loan.
- You can get a maximum loan of Rs 10 lakh as per your eligibility.
- An instant loan facility is available.
- A platform is available to apply online.
- The starting interest rate of this loan is 10.99% per annum and the processing fee is also only 2%.
- This is the best option to get a loan as soon as possible because there is no need to do long paperwork.
Eligibility for IDFC First Bank Personal Loan
If you need a personal loan from IDFC Bank, then you have to fulfill some terms and conditions made by the bank, which are as follows –
For salaried applicants
- Applicants whose minimum age is 23 years and maximum age at the time of maturity is 60 years. Should have at least 2 years of experience in work.
- CIBIL score should be good.
For non-salaried applicants
- Applicants whose age is 25 years at the time of loan application and a maximum of 60 years at the time of loan maturity. Business should be running for at least 3 years.
- CIBIL score should be good.
Documents required for IDFC First Bank Personal Loan
To apply for IDFC First Bank Personal Loan, both salaried and non-salaried applicants will need the following documents –
- Aadhaar Card
- PAN Card
- Form 16
- Passport
- Voter ID
- Driving License
- Electricity, water, or gas connection bill for address-proof
- Bank passbook
- Bank statement for the last 3 months
- Salary slip of last 3 months
- Mobile number etc.
How to apply online for IDFC First Bank Personal Loan?
If you need a loan, you can apply online for IDFC First Bank Personal Loan. Follow the process given below to apply –
- First of all, you have to go to the official website of IDFC First Bank.
- After visiting its official website, click on the option of “Loans” given on the home page.
- After clicking, you will get the option of Apply For Personal Loan, you have to click on this option.
- On clicking, a page will open where some important information has to be entered in detail.
- After entering the information, the necessary documents have to be uploaded and the processing fee has to be paid.
- After this, the loan amount will be transferred to your account as soon as possible within 15 days.
