IDFC First Bank Personal Loan

IDFC First Bank is a private sector Bank that deals in all kinds of accounts and loans. This bank is founded in 1 October 2015. The head office of IDFC First Bank is located in Mumbai Maharashtra. Services of the bank are Consumer banking, Credit cards, Home loans, Loans against property, Personal loans, Consumer Durable loans, Vehicle loans, Business loans, Micro Enterprise loans, Private banking, Wealth management, Investment banking, Corporate banking, Wholesale banking. IDFC First Bank have more than 600 branches all over the India. In past 6 years, IDFC First Bank has gown very past and it is continue in future. The main aim of the bank is make financial services easy, online and quick.

Today, we will discuss the IDFC First Bank  Personal Loan. All the information such as eligibility criteria, documentation, Interest Rate, loan processing fees, customer care number, and repayment time. These information helps customer to instant and easy personal loan. Personal loan is very popular because anyone can this loan without any collateral securities and can fulfill quick financial need. For example, Home renovation, sudden medical support, marriage in family or any other sudden need of money. IDFC First Bank’s personal loan helps you to deals with all situation. So, Read carefully all the information for IDFC First Bank Personal loan.

Personal Loan Application Procedure of IDFC First Bank

Nowadays, we can apply any loan online or with the help of the mobile app. Apart from this, customer can apply for personal loan from any branch of IDFC First Bank.

> Online Application of IDFC First Bank Personal Loan:-

I. Download app or visit the official website of IDFC First Bank.

ii. Login with registered Mobile number in website or mobile app.

iii. Now, fill all the personal detail and required detail.

iv. Wait for Bank approval and bank representative will call you in near future.

> Offline Application of IDFC First Bank Personal Loan:-

Visit your nearest branch of IDFC First Bank with all required documents for personal loan. Fill application form and fill all the conditions of bank for personal loan.

Loan Amount offered by IDFC First Bank as Personal Loan:-

IDFC First Bank provides personal loan up to 1 crore according to the customer’s profile & requirement. Loan amount sanctioned by bank is also based on monthly income or annual income of applicant.

To Read This:- Induslnd Bank Personl Loan

Eligibility Criteria of IDFC First Bank Personal Loan:-

  1. Minimum age of applicant for personal loan should be 23 years.
  2. Maximum age at personal loan maturity should be 60 years or retirement age whichever is earlier.
  3. For Self-employed person the minimum age should be 25 years and maximum age is 65 years.
  4. Minimum net monthly income should be Rs.25000 for personal loan online application.
  5. Should have completed minimum 2 years in employment and minimum 1 year in the current organisation.
  6. Should have completed minimum 1 year of stay at the current residence, if rented.

Document Required for IDFC First Bank Bank Personal Loan:-

The various kind of documents are necessary for IDFC First Bank’s Personal Loan disbursement.

  • Application form with photograph
  • Proof of Identity
    • Driving license
    • Passport
    • Voters ID
    • Aadhaar
    • PAN
  • KYC Documents can be Valid identity, Residence, Signature proof
  • Income proof
    • Form 16/ITR for last 3 years
    • Latest 3 months salary slip
  • Latest 3 months’ Salary Credit Bank Statement.

Also Read This:-ICICI Bank Personal Loan with All Details

Interest Rate of IDFC First Bank Personal Loan:-

The minimum interest rate of IDFC First Bank Personal Loan tarts from 10.49% and the highest interest rate 28.00% per annum. The average interest rate of IDFC First Bank Personal Loan is 11.00% per annum. The interest rate is based on profile, cibil score, credit score of the customer.

Processing Fees and other charges of IDFC First Bank Personal Loan

Processing Fees of upto 3.5% will be be deducted from the loan amount at the time of disbursal.
Loans less than 1 lakh will have a flat Processing Fee of Rs 2999/-

Repayment Period of IDFC First Bank Personal Loan

The repayment time of IDFC First Bank’s personal loan is 12 months to 60 months. The borrower can repay the loan in monthly installments. The EMI option is based on loan amount.

Customer Care Number of IDFC First Bank Loan Department

1860 500 99009:30 am to 6.00 pm all working days except 2nd and 4th Saturday and Bank Holidays

Click Here for IDFC First Bank Personal Loan

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