IDFC First Bank provides Personal Loan to borrowers who require funds to meet their urgent requirements like Medical Emergencies, Home Renovation, Child's marriage, for higher education, a Capital requirement for business, dream Vacation trip, etc. IDFC First Bank provides Quick Personal Loan is available for salaried individuals and self-employed professionals. You can borrow a loan from Rs 1 Lakh to Rs 20 Lakhs on the basis of your personal loan eligibility. You can repay your Personal Loan in tenures ranging from 1 to 5 years at the attractive Rate of Interest. You can also make use of LoanMoney Personal Loan EMI Calculator and check eligibility criteria for Salaried Employee and find out if you qualify for a Personal Loan.
Use Personal Loan EMI Calculator to calculate monthly EMIs on the basis of Loan Amount, Interest Rate & Tenure. Apply for Personal Loans in Delhi-NCR online with LoanMoney to avail the lowest interest rates and quick approval. IDFC First Banks allow their existing customers to avail of a top-up loan. LoanMoney provides you to avail of an instant personal loan without the requirement of any collateral.
General Information
Loan Amount: Rs. 1 Lac to 40 Lacs
Rate of Interest (APR)*: 10.75% to 22.50%
Repayment Tenor: 12 Months to 60 Months
Processing Fees: 0.75% to 2.50% + GST as applicable
Prepayment/ Foreclosure: Nil (After 12 months) or 1% - 4% (Before 12 months)
Illustration: Rs. 1 Lac loan on @10.75% with processing Fees for 60 Months comes to Rs. 1,29,708/- Equated Monthly Instalment shall be: Rs. 2,162/- only.
APR* - Annual Percentage Rate
| Salaried | Self Employed | Professional | |
|---|---|---|---|
| Age | 23 To 60 Years | 25 | 25 |
| Loan Amount | 1 Lacs To 20 Lacs | Upto 25 Lacs | Upto 25 Lacs |
| Tenure | 12 To 60 Months | 12 To 36 Months | 12 To 48 Months |
| Rate of Interest / APR [Annual Percentage Rate] | 11.10% To 17.20% | 17% To 22% | NA |
| Features | Top-up Facility for Existing Customer | Top-up Facility for Existing Customer | Top-up Facility for Existing Customer |
| Processing Fees | 1.5% To 2% | 2% of Loan Amount Plus Service Tax | 2% |
| Special | Easy Documentation | Quick Loan Disbursal | Normal or Overdraft |
| Documentation | Income Proof, Address and Identity Proof | Balance Sheet & ITR 3 yrs | BS, P&L , ITR and Banking |
| Eligibility | Repayment of Total amount [Illustrative] on Rs. 1 Lac loan on @14% with processing Fees for 60 Months comes to Rs. Rs. 1.41 Lacs |
< 50k salary = FOIR of 50% |
>50k salary =FOIR of 70% |
The following people are eligible to Apply for IDFC First Bank Personal Loan:
| Particulars | Salaried | Self Employed | Professional |
|---|---|---|---|
| Age(Min-Max) | 23 To 60 Years | 25 | 25 |
| Minimum Income | Rs. 25,000/- | Rs. 3,00,000/ Per Annum | NA |
| Co-applicant | NA | NA | NA |
| Loan Tenure | 12 To 60 Months | 12 To 36 Months | 12 To 48 Months |
| Maximum Loan Amount | 1 Lacs To 20 Lacs | Upto 25 Lacs | Upto 25 Lacs |
| Employment/Business Continuity | 1 Years | 3 Years | NA |
| CIBIL Score | 650+ | 600+ | NA |
Proof of identity: Passport, Driving License, Voter ID, PAN Card, Aadhaar Card
Proof of Residence: Any utility bill (should not be >3 months old)/ Any govt provided address proof like-voter id, Passport/DL/
Proof of Income: Latest 3 months salary slip/salary certificate.
Bank Statements: Latest 3 months bank statement of salary account.
| Fee | Amount to be Paid |
|---|---|
| Rate of Interest | Interest Rate very from 12.99% To 17% |
| Loan Processing Charges | 1.5% To 2% |
| Cheque Bounce Charges | NA |
| Cheque/ Instrument Swap charges | NA |
| Prepayment/ Foreclosure Charges | NA |
| Default Interest Rate | NA |
| Duplicate Statement Issuance Charges | NA |
| Duplicate Amortization Schedule Charges | NA |
| Duplicate Interest Certificate | NA |
| S(Provisional/ Actual) issuance Charges | NA |
IDFC First Bank Personal Loan can finance your requirements without having to wait for capital to accumulate. LoanMoney sets eligibility criteria for a Salaried Personal Loan based on a few simple parameters. Applicant credit score and existing borrowings are also estimated to determine your repayment capacity.
Loanmoney is one of the leading Loan Agency inDelhi/NCR. We offers all
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