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IDFC Bank Personal Loan
Whether it's a wedding or a vacation or renovating your home IDFC bank can help you meet all of your diverse needs with an unsecured personal loan.
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IDFC Bank Personal Loan
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IDFC Bank Personal LoanHere are a few factors
| Location | PAN INDIA |
| CIBIL Score | 700+ |
| Minimum Salary Per Month | 20000/-Per Month ( Only Listed Company) |
| Salary Mode | NEFT,RTGS &COMPANY TRANSFER |
| Applicant Age | 23 Year to 60 Year |
| Loan Amount & Tenure | 1
Lac to 40 Lac (12 Month to 60 Month) |
| Rate of Interest (Type) | 10.49% to 22% (Reducing) |
| Processing Fees | 1% - 4% |
| Processing Mode & TAT | Processing:
Online TAT: 1 Day to 3 Days |
| Foreclosure Charges | Lockin Period 12 Month after that 5% |
| Part Payment Allowed | No |
| OD Product | No |
| BT+TopUp | yes |
| Minimum Job Experience | 3 month with Same Employer |
| Current Employer Business Vintage | 2 year |
| FOIR | 70% of net Salary |
| Whether Co-Applicant Mandatory | No |
| USP | Funding
to all Employee whether Proprietorship Firm/Partnership Firm/LLP/Company.
Proprietorship only when PF is deducted |
| Negative Profile | 1.
NRI Employee 2. Applicant receiving Salary in Cash/UPI/IMPS 3. NGO Employee 4. Minus 1 CIBIL Applicant 5. Defence Employee 6. Police |
IDFC Bank Personal Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 10 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,792 |
| Total Interest | ₹ 5,499 |
| Loan Amount + Interest | ₹ 105,499 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,076 | ₹ 2,300 | ₹ 26,376 | ₹ 75,924 | 24.08 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,929 | ₹ 3,199 | ₹ 79,128 | ₹ 0 | 100.01 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for IDFC Bank Personal Loan
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KYC of Applicant (Adhar Card+Pan Card+Passport Size Photo)
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Last 3 month Salary Slip
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Last 6 month Bank Statement in PDF
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Form 16 of last 2 year
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Rent Agreement if rented or Utility Bill if residence is owned
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Sanction Letter of all current running loan if any
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Office ID Card or Official EMAIL ID if any
About IDFC Bank Personal Loan
IDFC Bank helps you realize your dreams. Whether it's a wedding or a vacation or renovating your home they can help you meet all of your diverse needs with an unsecured personal loan. They have made the process extremely easy too—with a paperless application and hassle-free approval process. So if you want to apply for a personal loan from IDFC Bank, here are a few things that you should be informed about:
Customer Care Details
You can reach out to IDFC Bank, if you have any queries or require assistance.
Start with IDFC Bank Personal Loans in few steps
If you are planning to apply for a personal loan at IDFC Bank there are certain details that you should be aware of, Let’s discuss:
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.
Let us take an example, How EMI is being calculated
For instance, if "Shubham" applies for a Personal loan of INR 1 Lacs and get the loan sanctioned at the rate of 15 % with a tenure range of 36 Months , in such a case his EMI would be INR 3,467 and complete repayment amount till the end of 36 Months tenure would be INR 1,24,795 (i.e 3,467 EMI * 36 Months), wherein the total interest amount is INR 24,795 along with principal repayment of INR ₹1,24,795 . Few additional charges like those of minimal one-time processing fee upto 2-3% of loan amount may apply. T&C apply.| Year | Principal (A) |
Interest (B) |
Total Payment (A + B) |
Balance | Loan Paid To Date |
|---|---|---|---|---|---|
| 2022 | ₹ 11,363 | ₹ 5,969 | ₹ 17,333 | ₹ 88,637 | 11.36% |
| Aug | ₹ 2,217 | ₹ 1,250 | ₹ 3,467 | ₹ 97,783 | 2.22% |
| Sep | ₹ 2,244 | ₹ 1,222 | ₹ 3,467 | ₹ 95,539 | 4.46% |
| Oct | ₹ 2,272 | ₹ 1,194 | ₹ 3,467 | ₹ 93,267 | 6.73% |
| Nov | ₹ 2,301 | ₹ 1,166 | ₹ 3,467 | ₹ 90,966 | 9.03% |
| Dec | ₹ 2,329 | ₹ 1,137 | ₹ 3,467 | ₹ 88,637 | 11.36% |
| 2023 | ₹ 30,332 | ₹ 11,266 | ₹ 41,598 | ₹ 58,305 | 41.70% |
| Jan | ₹ 2,359 | ₹ 1,108 | ₹ 3,467 | ₹ 86,278 | 13.72% |
| Feb | ₹ 2,388 | ₹ 1,078 | ₹ 3,467 | ₹ 83,890 | 16.11% |
| Mar | ₹ 2,418 | ₹ 1,049 | ₹ 3,467 | ₹ 81,472 | 18.53% |
| Apr | ₹ 2,448 | ₹ 1,018 | ₹ 3,467 | ₹ 79,024 | 20.98% |
| May | ₹ 2,479 | ₹ 988 | ₹ 3,467 | ₹ 76,545 | 23.45% |
| Jun | ₹ 2,510 | ₹ 957 | ₹ 3,467 | ₹ 74,036 | 25.96% |
| Jul | ₹ 2,541 | ₹ 925 | ₹ 3,467 | ₹ 71,495 | 28.51% |
| Aug | ₹ 2,573 | ₹ 894 | ₹ 3,467 | ₹ 68,922 | 31.08% |
| Sep | ₹ 2,605 | ₹ 862 | ₹ 3,467 | ₹ 66,317 | 33.68% |
| Oct | ₹ 2,638 | ₹ 829 | ₹ 3,467 | ₹ 63,679 | 36.32% |
| Nov | ₹ 2,671 | ₹ 796 | ₹ 3,467 | ₹ 61,009 | 38.99% |
| Dec | ₹ 2,704 | ₹ 763 | ₹ 3,467 | ₹ 58,305 | 41.70% |
| 2024 | ₹ 35,208 | ₹ 6,390 | ₹ 41,598 | ₹ 23,097 | 76.90% |
| Jan | ₹ 2,738 | ₹ 729 | ₹ 3,467 | ₹ 55,567 | 44.43% |
| Feb | ₹ 2,772 | ₹ 695 | ₹ 3,467 | ₹ 52,795 | 47.20% |
| Mar | ₹ 2,807 | ₹ 660 | ₹ 3,467 | ₹ 49,988 | 50.01% |
| Apr | ₹ 2,842 | ₹ 625 | ₹ 3,467 | ₹ 47,147 | 52.85% |
| May | ₹ 2,877 | ₹ 589 | ₹ 3,467 | ₹ 44,270 | 55.73% |
| Jun | ₹ 2,913 | ₹ 553 | ₹ 3,467 | ₹ 41,356 | 58.64% |
| Jul | ₹ 2,950 | ₹ 517 | ₹ 3,467 | ₹ 38,407 | 61.59% |
| Aug | ₹ 2,986 | ₹ 480 | ₹ 3,467 | ₹ 35,420 | 64.58% |
| Sep | ₹ 3,024 | ₹ 443 | ₹ 3,467 | ₹ 32,397 | 67.60% |
| Oct | ₹ 3,062 | ₹ 405 | ₹ 3,467 | ₹ 29,335 | 70.67% |
| Nov | ₹ 3,100 | ₹ 367 | ₹ 3,467 | ₹ 26,235 | 73.76% |
| Dec | ₹ 3,139 | ₹ 328 | ₹ 3,467 | ₹ 23,097 | 76.90% |
| 2025 | ₹ 23,097 | ₹ 1,169 | ₹ 24,266 | ₹ 0 | 100.00% |
| Jan | ₹ 3,178 | ₹ 289 | ₹ 3,467 | ₹ 19,919 | 80.08% |
| Feb | ₹ 3,218 | ₹ 249 | ₹ 3,467 | ₹ 16,701 | 83.30% |
| Mar | ₹ 3,258 | ₹ 209 | ₹ 3,467 | ₹ 13,443 | 86.56% |
| Apr | ₹ 3,298 | ₹ 168 | ₹ 3,467 | ₹ 10,145 | 89.86% |
| May | ₹ 3,340 | ₹ 127 | ₹ 3,467 | ₹ 6,805 | 93.19% |
| Jun | ₹ 3,381 | ₹ 85 | ₹ 3,467 | ₹ 3,424 | 96.58% |
| Jul | ₹ 3,424 | ₹ 43 | ₹ 3,467 | ₹ 0 | 100.00% |
FREQUENTLY ASKED QUESTIONS
An IDFC personal loan is an unsecured loan that you can get from an IDFC bank to help you meet your financial obligations. You can apply for the application through online mode too.
Both salaried and self-employed individuals are eligible to apply for this loan. IDFC Personal Loan eligibility is sourced online. Eligibility parameters are pre-set through IDFC FIRST Bank's website and mobile app. Your loan eligibility will also be based on your credit score, income, and your existing liabilities, which will be used to ascertain your creditworthiness.
No, you won't need to visit any branch. You can easily apply for the loan through IDFC's official website or the IDFC Bank Mobile app banking.
No, you won’t need to provide any security or guarantor for availing of the IDFC Bank Personal Loan.
If you wish to apply for a personal loan with IDFC Bank, you can just make it possible from ReferLoan’s website. You just need to visit our website and select the IDFC Bank personal loan from the drop-down menu. Fill in your mobile number and generate OTP to move ahead with the application.
The minimum ROI of IDFC Bank Personal Loan is 10.49% per annum
The minimum ROI of IDFC Bank Personal Loan is 22% per annum
The highest loan amount you can avail with IDFC Bank Personal Loan is Rs. 40 Lacs
The minimum loan amount you can avail of with IDFC Bank Personal Loan is Rs. 1 Lac.
The processing fee for IDFC Bank’s Personal loan is between 3.5% of your loan amount.
The minimum repayment tenure of IDFC Bank's Personal Loan is 12 months.
The maximum repayment tenure of IDFC Bank's Personal loan is 60 months.
Yes, you can apply for an IDFC Bank Personal Loan anywhere from India as it holds a PAN India access
The minimum required salary to apply for an IDFC Bank Personal Loan is Rs. 20,000 Monthly.
To apply for IDFC Bank Personal Loan your Minimum CIBIL score must be 700
No, to apply for IDFC Bank Personal Loan your Minimum CIBIL score must be 700
Yes, to apply for IDFC Bank Personal Loan your Minimum CIBIL score must be 700 only.
You can go to the official website of IDFC Bank or you can also switch to ReferLoan for an easy and smooth loan application process.
No, IDFC Bank does not accept minus CIBIL scores for Personal loans.
The minimum required age to apply for IDFC Bank Personal Loan is 23
The maximum required age to apply for IDFC Bank Personal Loan is 60
Yes, IDFC Bank does offer funding to the Proprietorship Firm Employees, but only if PF is deducted from the applicant’s salary.
Yes, IDFC Bank does offer funding to the Partnership Firm Employees too
If you are planning to apply for an IDFC Bank Personal Loan, your minimum employment period must be 3 months.
The minimum vintage of the applicant’s employer must be 2 years to apply for IDFC Bank Personal Loan
No, it is not mandatory to provide a Co-applicant to apply for IDFC Bank Personal Loan
No, IDFC Bank doesn’t fund NRIs for Personal Loans.
No, partial payments are not allowed in IDFC Personal loan
Yes, foreclosures are allowed for IDFC Bank Personal Loans, but only after EMIs are paid for 12 months.
The foreclosure interest on IDFC Bank's Personal loan is 5%+GST after 12 EMIs.
No, police officers are not eligible to apply for IDFC Bank Personal Loan.
No, army officers are not eligible to apply for IDFC Bank Personal Loan due to their risky job profile.
No, MCD employees are not eligible to apply for the IDFC Bank Personal Loan
Yes, You can apply for IDFC Bank Personal Loan if you receive your salary through NEFT
Yes, You can apply for IDFC Bank Personal Loan if you receive your salary through RTGS
Yes, You can apply for IDFC Bank Personal Loan if you receive your salary through Company Transfer.
No, you can’t apply for an IDFC Bank Personal Loan if you are receiving our salary in cash.
No, you can’t apply for an IDFC Bank Personal Loan if you are receiving our salary through UPI.
IDFC Bank takes 3 days for the disbursement of a personal loan
IDFC Bank takes 1 Hour for the confirmation of a personal loan
Yes, you can apply for IDFC Bank Personal Loan online
The customer care number of IDFC Bank is 180010888.
The FOIR of IDFC Bank Personal Loan is 70%
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