IDFC Personal Loan
Whether you’re planning a wedding, a vacation, or a home renovation, We Rize offers flexible unsecured personal loans to meet your financial needs. With no collateral required and a simple online process, you can access funds quickly and at competitive rates. Whether it’s for major milestones or personal projects, We Rize ensures you have the financial freedom to achieve your goals with ease and convenience.
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Here are a few factors
Required documents to Apply for IDFC PERSONAL LOAN
- KYC of Applicant (Adhar Card+Pan Card+Passport Size Photo)
- Last 3 month Salary Slip
- Last 6 month Bank Statement in PDF
- Form 16 of last 2 year
- Rent Agreement if rented or Utility Bill if residence is owned
- Sanction Letter of all current running loan if any
- Office ID Card or Official EMAIL ID if any
Customer Care Details
You can reach out to IDFC Bank, if you have any queries or require assistance.
About IDFC Personal Loan
IDFC Bank makes it easy to fulfill your dreams with their unsecured personal loans, whether it’s for a wedding, vacation, or home renovation. With a completely paperless application and hassle-free approval process, accessing funds has never been simpler. If you’re considering a personal loan from IDFC Bank, you can expect a smooth and convenient experience tailored to meet your diverse financial needs.
Let us take an example, How EMI is being calculated
For instance, if “Rohan” applies for a personal loan of INR 1.5 Lacs and gets the loan sanctioned at a rate of 14% with a tenure of 36 months, his EMI would be INR 5,000. The total repayment amount over the 36-month period would be INR 1,80,000 (i.e., 5,000 EMI * 36 months), where the total interest amount is INR 30,000 and the principal repayment is INR 1,50,000. Additionally, a one-time processing fee of 2% of the disbursed amount + GST of the loan amount may apply. T&C apply.
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FAQ
An IDFC Bank personal loan offers a paperless and hassle-free application process, making it extremely easy to access funds for various personal needs without the requirement of collateral. It is tailored to provide quick approvals and flexible repayment options to meet your financial goals.
To be eligible for an IDFC Bank personal loan, you must be either a salaried employee or a self-employed professional, with a minimum age of 21 and a consistent source of income. Your credit score and repayment capacity are also key factors for eligibility.
No, you don’t need to visit an IDFC Bank branch. The entire loan application process is digital and paperless, allowing you to apply online from anywhere, ensuring a convenient and quick experience.
No, IDFC Bank personal loans are unsecured, meaning there is no need to provide collateral or a guarantor. You can get the loan based on your creditworthiness and income alone.
You can apply for an IDFC Bank personal loan through their online platform by filling out a simple application form. The process includes uploading necessary documents like ID proof and income details, and once submitted, your loan will be processed for approval, often within a few hours.
An IDFC Bank personal loan can be used for a variety of personal needs, such as funding a wedding, covering medical expenses, renovating your home, consolidating debt, or planning a vacation. The loan offers flexibility to use the funds as per your requirements.
The approval process for an IDFC Bank personal loan is quick, with most applications processed within a few hours. Once your documents are verified and the application is approved, the funds are disbursed directly to your account, often on the same day.
To apply for an IDFC Bank personal loan, you will need basic documents such as proof of identity (Aadhaar card, PAN card), proof of address, income documents (salary slips or bank statements), and a recent photograph. The process is completely digital, so you can upload these documents online.
Yes, IDFC Bank allows you to prepay or foreclose your personal loan before the tenure ends. While there may be a nominal prepayment charge, doing so can help you save on interest costs over time.
The loan amount for an IDFC Bank personal loan typically ranges from ₹1 lakh to ₹40 lakh, depending on your eligibility, income, and credit profile. This flexibility allows you to borrow according to your specific financial needs.
