QUICK PERSONAL LOAN - NO UPFRONT CHARGES
PERSONAL
LOAN
NO UPFRONT CHARGES
INTEREST STARTS FROM 10.49%
• IDFC FIRST Bank Personal Loans
• No Upfront Charges
• No Guarantor Required
• Completely Digital, Paperless Online Process
• Enjoy Quick, Paperless Disbursal In A Short Period
• Competitive Interest Rates Starting At 10.49%
• EMI Starting At
2,149 Per Lakh
• Flexible Tenure Up To 60 Months (5 Years)

Get A Personal Loan Now - No Upfront Charges

We want to help you achieve your personal dreams. So, we have tried our best to make it easy to get the finances you want, with a Digital, Paperless & Hassle-free application process.

You can get personal Loans of up to
40 lakhs with competitive interest rates starting at 10.49%, and the flexibility to make up to 40%* part payment. You can also transfer your existing Personal Loan/Credit Card, and enjoy amazing benefits, including affordable rates and flexible loan tenure ranging from 6 months to 60 months. Fulfil every dream, and live life to its fullest with IDFC FIRST Bank by your side.

You can avail a Personal Loan from IDFC FIRST Bank for a wide variety of reasons such as weddings, holidays, education, home renovation or emergencies. Personal Loans can help you address your immediate needs.

Personal Loan - Eligibility & Documentation

Eligiblity:

 

For Salaried Individuals:

 

Minimum Age: 23 years

Maximum Age: at the time of loan maturity - 60 years or retirement, whichever comes first

 

For Self-Employed Individuals:

 

The business must have been in existence for a minimum period of 3 years

Minimum Age: 25 years

Maximum Age: 65 years at the time of loan maturity

 

Instant Personal Loan disbursal through digital loan journey:


 

Any valid digital ID proof for KYC

3 months’ bank statement

Net Banking or Debit Card details to set up e-Mandate

eSign/eStamp for faster disbursal

 

Documentation:

 

Avail instant Personal Loan disbursal with our digital loan journey


 

  • Digital KYC Capability – No need to provide any physical documents
  • Minimal Documentation – Only 3 months’ bank statement required in PDF format
  • eMandate – Use Net Banking or Debit Card to digitally set-up your mandate
  • Digital Disbursal using eSign/eStamp ensures faster money credit to your account
  • Minimal documentation requirements, if opting for physical process

 

For KYC we require one of the following:

 

  • PAN Card Copy
  • Form 60

 

For identity and address proof of your instant Personal Loan online, one of the following officially valid documents (OVD) containing photo identity and address details duly self-attested:

 

  • Aadhaar card issued by UIDAI
  • Valid Passport with expiry date, photograph, and signature, Voter’s Identity Card issued by Election Commission of India, Driving License issued by regional transport authority, Job Card issued by NREGA duly signed by an officer of the State Govt.
  • National Population Register containing details of name and address

 

If the above mentioned documents are not available, we also allow the following documents to be deemed as proof of address:

 

(Please note: You will need to submit one of the OVD mentioned above in 3 months after availing the loan)

 

  • Utility Bill: Latest electricity, telephone, piped gas, water bill or post-paid mobile bill
  • Property or Municipal tax receipt
  • Pension or Family Pension Payment Orders (PPOs): Issued to retired employees by Government Departments or Public Sector Undertakings, if they contain the address
  • Letter of Allotment of Accommodation from Employer* (subject to conditions)
  • Income Proof

 

For income details, we will require your banking details for the last 3 months.

 

  • For a seamless, safe, secure and fast process, you can submit readable PDF copies of the bank statement, downloaded from your bank portal.

 

Optionally, you can also submit a physical copy of the bank statement.

 

  • If you are salaried, please ensure that your latest 3 months’ bank statement is provided with 3 salary credits.
  • If you are self-employed, please ensure that your main transacting bank account details are provided, showing at least 3 transactions every month and a minimum average daily balance of 5,000. Current account statement is preferable, however, if you provide your savings account bank statement, then business proof is mandatory.

 

*Requirement of documents might vary according to the scheme chosen

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