IDFC Bank Personal Loan

Below are the key details of the IDFC Personal Loan:

Below are the interest rates and other charges involved in obtaining an IDFC First Bank Personal Loan:

• Interest rate: Starting from 9.99% p.a.
• Processing fee: 1.5% to 3.5% of the loan amount.
• Foreclosure charges: Nil.
• Penalty on overdue EMIs: 2% of the unpaid EMI.
• EMI bounce charges: 7.5% of the EMI/ outstanding amount (minimum ₹400 and maximum ₹1,000).
• Technical bounce charges: 7.5% of the EMI/ outstanding amount (minimum ₹400 and maximum ₹1,000).
• Payment swap charges: Nil.
• Stamping charges: As per the State’s Stamp Act. 
• GST: GST applies to all service charges.

• Loan amount up to a maximum of ₹10 Lakhs.
• Flexible repayment tenure of 9 to 60 months.
• The IDFC Personal Loan Interest Rate starts from 9.99% per annum.
• Interest rates are subject to change based on the applicant’s credit profile, income, loan amount, repayment tenure, and lending policies. 
• Part prepayment is not allowed.
• There is a cooling-off period of 3 days wherein you can cancel the loan without penalty.
• Loan disbursal is usually completed within 10 minutes, subject to the customer’s verification, credit assessment, and internal bank approvals. 
• 100% digital loan processing, subject to the availability of online verification services and the successful completion of digital KYC
• The lowest EMI possible is ₹2,124/Lakh.
• You will have to pay an IDFC Personal Loan Processing Fee of 1.5% - 3.5% of the loan amount. 

Below is the comparison of the IDFC First Bank Personal Loan Interest Rate and other features with other banks:

To apply for the IDFC First Bank personal loan, you must meet the following IDFC Personal Loan eligibility criteria:

• Occupation: Salaried or self-employed
• Age: Should be between 21 and 60 years
• CIBIL Score: At least 710 or above

Simply keep the following documents handy to apply for a personal loan from IDFC FIRST Bank:

• Aadhaar and PAN number for the application.
• Physical PAN Card to be displayed during the video KYC process.
• No need to upload any documents during the application process.

• On the Personal Loan page of the official portal of the IDFC FIRST Bank, click on ‘Apply Now’ button.
• Register using your basic details.
• Select your loan preferences, including amount and EMI plan.
• Link your bank account in which you want to receive the funds.
• Complete the video KYC process by showing your PAN Card.

You can reach IDFC First Bank Personal Loan Customer Care Details through:

• 24/7 helpline number: 1800 10 888
• WhatsApp: Send ‘Hi’ on 9555 555 555