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Realize your dreams without worrying about the finances and let IDFC First Bank help you through its personal loan. IDFC First offers loan up to ₹40 Lac at an interest rate starting 10.75% p.a.
Capital First is one of the top NBFCs of India which have merged with IDFC Bank and changed its name to IDFC First Bank. The company offers personal loan to salaried and self/-employed individuals who wants an amount to finance their personal needs such as travel, medical, home renovation, vehicle, etc. It offers fixed interest rates and provides the benefit of the most competitive interest rate.
The personal loan offered by Capital First comes with some fees and charges which are charged from the applicant and offered for the tenure starting from 12 months to 84 months. It also offers to make up to 40% in part payment.
IDFC First Personal Loan provides easy loan within 48 hours with interest 10.75% p.a. onwards. Below table gives the complete details of Personal Loan.
| IDFC First Personal Loan | Details |
|---|---|
| Loan Category: | Personal Loan |
| Loans Offering: | Personal Loan, Marriage Loan, Holiday Loan, Medical Loan, Home Renovation Loan |
| Loan Type: | Unsecured personal loan |
| Interest Rate: | 10.75% p.a. onwards |
| Processing Fee: | As per agreement |
| Approval Process: | Both online and offline |
| Minimum Income Requirement: | ₹20,000 |
| Loan Approval Timing: | 48 hours |
| Minimum Loan Amount: | ₹1 Lac |
| Maximum Loan Amount: | ₹40 Lac |
| Minimum Loan Period: | 12 months/ 1 year |
| Maximum Loan Period: | 84 months/7 years |
| Type of Interest Rate: | Fixed Interest Rate |
| Interest Charging Method: | Reducing balance method |
There are eligibility criteria set by IDFC First Bank for their personal loan:
| IDFC First Personal Loan | Details |
|---|---|
| Salaried Employees | Yes |
| Salaried Doctors | Yes |
| Employees of public and private limited companies | Yes |
| Government sector employees including Public Sector Undertakings, Central and Local bodies | Yes |
| Loan for Pensioners | No |
| Loan for Existing Customers | Yes |
| Self-Employed | Yes |
| Selected Corporate | No |
| Other Criteria | NA |
| Minimum Age | 23 years |
| Maximum Age | 60 Years at the maturity of loan |
| Minimum Income Requirement | ₹20,000 |
IDFC First Bank Personal loan offers the following products and services:
Capital First wedding loan or IDFC First wedding loan offers you to enjoy your wedding without worrying about the finances regarding your shopping, venue booking and other wedding-related expenses.
We often get bored with our routine life and needs a break from it. But most of us just stayed back because of the insufficiency of money. Therefore, IDFC First Bank offers its holiday loan so you can take off from your daily routine and enjoy life.
Medical emergencies never give us a call before coming and which sometimes also need extra money. So IDFC First Bank offers medical loan on an instant basis to customers who need urgent money for treatments.
IDFC First Bank offers two-wheeler and four-wheeler loans to customers so they can buy a vehicle of their choice and lead life. The loan amounts up to ₹40 Lakhs which is available at an interest rate starting at 10.75% p.a.
Thinking of refinancing all your other loans and pay for a single loan at a lower interest rate? IDFC First Bank offers debt consolidation loan to its customers so that they can take the benefit of low-interest rate.
IDFC First Personal Loan offer various services, please find below the list of features offered by the vendor.
| IDFC First Personal Loan | Details |
|---|---|
| Personal Loan | Yes |
| Wedding Loan | Yes |
| Education Loan | Yes |
| Home Renovation Loan | Yes |
| Two Wheeler Loan | Yes |
| New Car Loan | Yes |
| Used Car Loan | No |
| Travel Loan | Yes |
| Medical Loan | Yes |
| Top Up Loan | Yes |
Here is the detail charge list for IDFC First Personal Loan process. We have covered all possible charges for your loan requirements for clear visibility on IDFC First Personal Loan processing.
| IDFC First Personal Loan | Details |
|---|---|
| Co-Applicant Allow | No |
| Income Criteria | Yes |
| Collateral Requirement | No |
| Pre Approved Credit Limit | NA |
| Foreclouser Charges | 5% on the principal outstanding amount |
| Loan Foreclouser Conditions | There is a lock-in period of six months |
| Bounce Charges | ₹400 + GST |
| Bounce Charges Self Employed | ₹400 + GST |
| Late Payment Penalty | ₹300 or 2% of EMI whichever is higher |
| Duplicate NOC Charges | NA |
| Stamp Duty Charges | As per laws |
| Instrument Swapping Charges | ₹500 |
| Loan Cancellation Charges | Nil |
| Stamp Duty Charges | As per laws |
| Loan Rebooking Charges | NA |
| Statement Of Account Charges | ₹500 |
| Duplicate Repayment Schedule | ₹500 |
| EMI Payment Mode | Standing Instruction (SI), Electronic Clearing Service, Post-dated cheque |
| Overdue Payment Mode | NA |
| Hidden Charges | NA |
In this section we have listed all important links related to IDFC First Personal Loan.
| IDFC First Personal Loan | Details |
|---|---|
| Banks | NA |
| Charges Information | Link |
| Personal Loan Eligibility Calculator Link | Personal Loan Calculator Link |
| Personal Loan EMI Calculator Link | Personal Loan EMI Calculator Link |
| Education Loan EMI Calculator Link | NA |
| Car Loan EMI Calculator Link | NA |
| Product Demo Link | NA |
| Website Link | Website Link |
| Android App Downlaod Link | Android Mobile App Download |
| iOS App Downlaod Link | iOS Mobile App Downlaod |
For new customers:
For existing customers:
Please find below the list of documents required to avail personal loan. Aadhar, PAN and Income Proof are the most important documents, other documents are optional. The complete list of documents you can keep ready for your loan application.
| IDFC First Personal Loan | Details |
|---|---|
| Age Proof | Copy of Passport/Driving License/Aadhar Card |
| Address Proof | Copy of Passport/Driving License/Aadhar Card/Voter ID/Ration Card |
| Identity Proof | Registered Rent Agreement/Utility Bills last 3 months/Copy of Passport/Copy of Ration card |
| Income Proof for Salaried Emp | Salary slip of last 3-6 months, ITR or Form 16, 6 month bank statement |
| Income Proof for Self Emp | IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years |
Last Updated on 2021-02-04T22:05:34+00:00
Yes, IDFC First personal loan is available for self-employed as well as salaried employees both for the amount starting from ₹1 Lakh to ₹40 Lakhs.
You can check the status of your loan application by simply clicking on the menu button at the customer portal, select the 'My Loans' tab and 'My Loan Applications' option. The status of your application will be displayed.
One can repay IDFC First personal loan through EMI using Net Banking, Debit Card, Paytm Wallet or Other Wallets such as UPI.
