Get Instant Personal Loan upto In 3Hrs Minimal Documentation- Lower Interest Rate.

👌 Flexible EMI | 😍 100% Online Process | 🚫 No charges.

Instant Approval
TATA Capital PERSONAL LOAN
TATA CAPITAL
Check Eligibility, Get Instant Approval in 2 minutes and Disbursal in 3 Hrs*
Interest Rate Range
10.99% - 29.00%
Processing Fee
Upto 3.00%
Max Loan Amount
Upto Rs.35L
Tenure Range
Upto 6 Years
Apply Now

Apply Online for IDFC First Bank Personal Loan

Apply online for an IDFC First Bank and experience quick, hassle-free approval with minimal documentation. IDFC First Bank is designed to meet your financial needs, whether for home renovation, medical expenses, travel, or debt consolidation.

  • Interest Rate starting at 9.99% onwards
  • Maximum Loan ₹ 1 cr
  • Processing Fees 1%
  • Maximum Loan Tenure 6 month to 5 year
Customers Rating
❤️ Trusted by 12,00,000+ Happy Customers

1+ Million

Happy Customers

Rs. 250+ crore

Monthly Personal Loans Disbursal

Wide Range of 60+

Partner Banks & NBFCs

Support team 500+

Team Size of Experts

Why Choose IDFC Personal Loan?

IDFC First Bank provides personal loans with lower interest rates starting from reducing 9.99% per annum onwards. With flexible repayment tenures and minimal documentation, it makes the entire loan process quick and easy for borrowers. Here are some reasons why IDFC personal loans are an ideal choice:

  1. Quick Approval: IDFC Bank offers quick loan approval processes, ensuring funds are disbursed as quickly as possible.
  2. Minimal Documentation: Borrowers don’t need to worry about paperwork, as IDFC personal loans require minimal documentation.
  3. Flexible Tenure: You can choose a repayments tenure ranging from 12 to 60 months.
  4. No Collateral Required: Being an unsecured loan, no collateral or security is needed for approval.
  5. Pre-approved Offers: Existing customers can benefit from pre-approved loan offers based on their banking history.
  6. Transparency: IDFC ensures transparency with no hidden charges, making it a trustworthy option for personal financing.

In today’s  world, financial needs can arise unexpectedly, and IDFC First Bank personal loans offer a perfect solution to meet various expenses. Whether it's for medical emergencies, weddings, education, travel, or consolidating debt, IDFC personal loans provide quick and easy access to funds with minimal hassle. The loan is tailored to meet the diverse needs of individuals, offering competitive interest rates, flexible tenures, and easy repayment options.


IDFC Personal Loan Eligibility Criteria

Before applying for an IDFC personal loan, it is essential to ensure that you meet the eligibility criteria. Here are the eligibility conditions:

1. Age Criteria

  • The applicant must be between 23 and 60 years of age.

2. Employment Type

  • Salaried individuals: Employees working in private, public, or multinational companies.
  • Self-employed individuals: Professionals or non-professionals running their own business.

3. Income Requirements

  • Salaried individuals: Minimum monthly income should be INR 20,000.
  • Self-employed individuals: Minimum yearly income should be INR 2 lakhs.

4. Credit Score

  • A credit score of 750 or higher is preferred to qualify for an IDFC personal loan, but individuals with lower scores may still be considered based on other factors like repayment history and income stability.

5. Work Experience

  • Salaried individuals: Must have a minimum of 1 year of continuous work experience.
  • Self-employed individuals: Must have been in the current business for at least 3 years.

6. Existing Loan Obligations

  • The borrower should not have an excessive debt-to-income ratio. Having too many existing loans might affect loan approval.

Meeting the eligibility criteria is crucial to increase the chances of loan approval. IDFC Bank may also consider other factors like employment stability, age, and income before making a final decision.

Documents Required for IDFC Personal Loan

To apply for an IDFC personal loan, you need to submit a few important documents. Below is a list of the documents you will need:

1. Identity Proof (any one of the following):

  • Aadhaar Card
  • Passport
  • Voter ID
  • PAN Card
  • Driving License

2. Address Proof (any one of the following):

  • Utility bills (electricity, water, or gas)
  • Aadhaar Card
  • Passport
  • Rental agreement
  • Driving License

3. Income Proof:

  • Salaried individuals: Last 3 months’ salary slips and last 6 months’ bank statements showing salary credits.
  • Self-employed individuals: Income tax returns for the last 2 years and bank statements for the last 6 months.

4. Employment Proof:

  • Salaried individuals: Offer letter, employment certificate, or ID card from the employer.
  • Self-employed individuals: Business ownership documents, partnership deed (if applicable), and business registration certificate.


Key Benefits of IDFC Personal Loan

  1. Customizable Loan Amount: Borrowers can choose loan amounts ranging from ₹1 lakh to ₹100 lakhs, depending on their financial requirements.
  2. Flexible Repayment Tenure: You can select a tenure ranging from 12 to 60 months to comfortably repay the loan.
  3. No Hidden Costs: IDFC First Bank is transparent about fees and charges, ensuring there are no hidden surprises.
  4. Top-up Loans: Existing customers can apply for top-up loans if they need additional funds during the repayment period.
  5. Online Loan Management: IDFC offers an online platform to manage your loan, allowing you to check your loan status, make EMI payments, and download loan statements easily.

Tips to Improve Chances of Getting an IDFC Personal Loan

  1. Maintain a High Credit Score: Ensure your credit score is 750 or higher for better loan terms.
  2. Stable Income: Show a stable source of income to demonstrate repayment capacity.
  3. Clear Existing Debts: Reducing your current debt load can increase the chances of approval.
  4. Avoid Frequent Loan Applications: Multiple loan applications can negatively impact your credit score, reducing your chances of approval.

IDFC First Bank Personal Loan Fees and Charges
IDFC First Bank offers competitive personal loans, but it’s essential to be aware of the associated fees and charges to manage your finances effectively. Below is a detailed breakdown of the costs involved:
Standard Personal Loan Charges
  1. Processing Fee:
    • Up to 2% of the sanctioned loan amount.
  2. EMI Bounce Fee:
    • ₹400 per instance.
  3. Account Statement Fee:
    • ₹500 for a physical copy.
  4. Stamp Duty/Stamping Charges:
    • As per applicable government rates.
  5. Swap Charges for Repayment Instruments:
    • ₹500 for changing the repayment mode (e.g., swapping cheques or mandates).
  6. No Dues Certificate/Duplicate NOC Fee:
    • ₹500 for issuance.
  7. Loan Cancellation/Rebooking Fee:
    • 1% of the loan amount, plus interest accrued from the disbursement date to the cancellation request date.
  8. Physical Repayment Schedule Fee:
    • ₹500 for issuing a hard copy.
  9. Foreclosure Charges:
    • 3% of the total loan amount.
  10. EMI Collection Charges:
    • ₹350 per collection.
  11. Document Retrieval Fee:
    • ₹500 per document retrieval.
  12. Late Payment Interest:
    • 2% of the unpaid EMI or ₹300, whichever is higher.
  13. Cooling-Off Period:
    • Cancel your loan within three days of disbursement without any charges.
Charges for Pre-approved Personal Loans
  1. Processing Fee:
    • Up to 3.49% of the loan amount.
  2. Late Payment Interest:
    • 2% per month of the unpaid EMI or ₹300, whichever is higher.
  3. EMI Bounce Charges:
    • ₹500 per instance.
  4. Swap Charges for Cheque or Mandate:
    • ₹500 per swap.
  5. Foreclosure/Prepayment Charges:
    • Allowed only after 12 EMIs or 12 months; 5% of the outstanding principal balance.
  6. EMI Collection Fee:
    • ₹500 per collection.
  7. Document Retrieval Fee:
    • ₹500 per document retrieval.
  8. Physical Statement Fee:
    • ₹500 for a physical copy.
  9. Physical Repayment Schedule Fee:
    • ₹500 for issuance.
  10. Loan Cancellation/Rebooking Charges:
    • Free cancellation if done within 15 days of approval or before the first EMI. Beyond this period, cancellations are treated as foreclosures.
IDFC Personal Loan: Flexible and Hassle-Free Financial Solution

IDFC Personal Loan EMI Calculator

Before applying for a loan, it’s a good idea to use the IDFC personal loan EMI calculator available on the bank’s website. The calculator helps you estimate the monthly EMIs based on the loan amount, interest rate, and tenure. By adjusting these variables, you can find an EMI that fits your budget.

For example, if you borrow ₹5 lakhs at an interest rate of 9.99% per annum for a tenure of 60 months, your EMI would be around ₹ 10,685. The EMI calculator is a helpful tool to plan your finances and ensure timely repayment.

Loan Amount (₹)
EMI (₹)
Interest Rate (%)
Tenure (Years)
5,00,000
10,685
10.25
5
10,00,000
21,370
10.25
5
15,00,000
32,055
10.25
5
20,00,000
42,740
10.25
5
25,00,000
53,426
10.25
5
30,00,000
64,111
10.25
5
35,00,000
74,796
10.25
5
40,00,000
85,481
10.25
5
45,00,000
96,166
10.25
5
50,00,000
1,06,851
10.25
5
60,00,000
1,28,222
10.25
5
70,00,000
1,49,592
10.25
5
80,00,000
1,70,962
10.25
5
90,00,000
1,92,332
10.25
5
1,00,00,000
2,13,703
10.25
5

1+ Million

Happy Customers

Rs. 250+ crore

Monthly Personal Loans Disbursal

Wide Range of 60+

Partner Banks & NBFCs

Support team 500+

Team Size of Experts

IDFC First Bank Personal Loan EMI Calculator

Amount

Tenure

% Interest

0/month

Principal

Interest

Total Payable

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