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Personal Loan

 Loan amount ranging from 1 Lakh to 40 Lakhs

 Paperless digital sanctions

 Loan tenure from 12 months to 84 months*

 Flexibility to make up to 40%* part payment

 ROI starting as low as 9.5%*

Features & Benefits Eligibility Criteria  | EMI Calculator | How to Apply | Documents Required Testimonials | Help

Personal Loan Features & Benefits

IDFC FIRST Bank’s Personal Loan can help you realise your dreams of having that perfect wedding to visiting your dream holiday destination. The loan can also help in meeting unexpected expenses and medical emergencies too. Here are some key features.

Easy Application

You can apply for our instant Personal Loans online; to know your eligibility in just a few seconds. You can also make use of our personal loan eligibility calculator and find out your eligibility.

High Disbursal Amount

Our quick Personal Loan is available for salaried individuals and self-employed professionals. You can borrow from Rs 1 Lakh to Rs 40 Lakhs basis your eligibility.

Flexible Tenures

Enjoy the flexibility to choose from the tenure ranging from 1 year to 7 years, that best suits you

Borrow more if you need

Top Up Facility Available: IDFC FIRST Bank is always there to help you go that extra mile to achieve your dreams. With it’s easy Top Up facility you can get that additional financial help that you are looking for.

Personal Loan Eligibility Criteria

A Personal Loan can finance your needs without having to wait for capital to accumulate. We establish eligibility criteria for a Personal Loan based on few simple parameters. Your credit score and existing borrowings are also assessed to determine your repayment capacity.

For Self Employed Individuals:

  •  
  • 1. Accepting repayment from Saving Account
  •  
  • 2. No ITR required
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  • 3. Eligibility basis latest 3 months Bank Statement*

For Salaried Individuals:

  • 1. Eligibility basis latest 3 months Bank Statement*
  •  
  • 2. Minimum NTH 20,000* per month
  •  
  • 3. Loans up to Rs.40 Lakhs*

Personal Loan EMI Calculator

IDFC FIRST Bank offers personal loans at a reducing interest rate. These loans are useful if you have a personal emergency or a family need to meet. A personal loan is flexible enough to even fund a family vacation. Using our personal loan emi calculator, simply fill in the personal loan interest rate and calculate the EMI instantly. IDFC FIRST Bank personal loan calculator is simple; it requires you to add the loan amount, interest rate and tenure and find out how much you will have to repay each month so that you can borrow with confidence.

 

Loan Amount

Interest Rate (In Percentage)

Tenure(In Months)

Your EMI

 3,321.43

 

Apply For Personal Loan Online

Online Application

You can apply for a personal loan online by filling the form on our website. Know your eligibility instantly by applying ONLINE!!

Document Submission

Our relationship manager will fix up an appointment at your convenience to come to your premises and collect the requisite documents for quick personal loans.

Verification

After your documents have been collected, we will verify your personal loan application; this may involve a personal discussion with you.

Approval & Disbursal

Approval & Disbursal – If the reports are satisfactory after verification, your loan will be approved and credited in the same bank account for which the Bank Statement has been provided.

Documents Required for Personal Loan

IDFC FIRST Bank provides Personal Loans for both self-employed and salaried individuals based on the assessment of following documents:

PAN/Form 60

Address Proof ( Self-attested copy of any one document* )

Additional Address Proof ( Self-attested copy of any one document* )

Income Proof ( Self-attested copy of relevant documents* )

Business proof ( Self-attested copy of relevant documents* )

Balance Transfer ( Self-attested copy of relevant documents* )

*Requirement of Personal Loan documents might vary according to the scheme chosen.

You are in good company

Our customers just love us..

 Excellent service from IDFC FIRST Bank in catering to my financial needs.

Ashwini Jain
Delhi

 

 Thanks to IDFC FIRST Bank, my loan process was very good.

Ashish Ramesh Shah
Ahmedabad

 

IDFC FIRST Bank has stood by me in times of my need.

Muthu Kumar
Chennai

 

Questions? We are happy to answer them

About Personal Loans

Personal Loans from IDFC FIRST Bank help you borrow for expenditures of a personal nature – whether you want to borrow money for an emergency, for education, for a vacation or any other need like a wedding in the family. You can avail loans ranging from Rs. 1 lakh to Rs. 40 lakhs with flexible tenures ranging between 12 months to 84 months.*
*Subject to conditions

Eligibility

Cost

Benefits

Loan Parameters

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