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IDFC Bank Personal Loan

Here are a few factors

How To Apply
Product Rating

( 4.6 /5 )

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Mode of Process

Mail

Location

PAN India

Lending Size and Tenure

1 Lac-40L (12M to 60 M)

ROI

10.50% - 20%

ROI (Fixed/Reducing)

Reducing

Processing Fees

2%

Foreclosure

After 6 Month with applicable Fees

Partial Payment Allowance

No

Dealing in Unsecured OD

No

USP

Doing Funding to Proprietorship/Partnership/LLP- if PF is deducted

IDFC Bank Personal Loan EMI Calculator

Interest Type

Loan Amount

₹

Interest Rate

%

Loan Tenure

Mo
Loan Amount₹100,000
Interest %11 %
Tenure (months)12
Emi (monthly)₹ 8,838
Total Interest₹ 6,058
Loan Amount + Interest₹ 106,058
YearTotal Principal
( A )		Total Interest
( B )		Balance
( A + B)		Total Payment Loan Paid Till Date (%)
₹ 56,997₹ 4,869₹ 61,866₹ 43,00357.00 %
Jun₹ 7,921₹ 917₹ 8,838₹ 92,0797.92 %
Jul₹ 7,994₹ 844₹ 8,838₹ 84,08515.92 %
Aug₹ 8,067₹ 771₹ 8,838₹ 76,01823.98 %
Sep₹ 8,141₹ 697₹ 8,838₹ 67,87732.12 %
Oct₹ 8,216₹ 622₹ 8,838₹ 59,66140.34 %
Nov₹ 8,291₹ 547₹ 8,838₹ 51,37048.63 %
Dec₹ 8,367₹ 471₹ 8,838₹ 43,00357.00 %
₹ 43,000₹ 1,190₹ 44,190₹ 3100.00 %
Jan₹ 8,444₹ 394₹ 8,838₹ 34,55965.44 %
Feb₹ 8,521₹ 317₹ 8,838₹ 26,03873.96 %
Mar₹ 8,599₹ 239₹ 8,838₹ 17,43982.56 %
Apr₹ 8,678₹ 160₹ 8,838₹ 8,76191.24 %
May₹ 8,758₹ 80₹ 8,838₹ 3100.00 %
Work Process

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:

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, the amount will be disbursed to your account shortly.

Right Document : Easy Process

Documents and Eligibility Required for IDFC Bank Personal Loans

Eligibility

  • The age of the applicant should be between 21 to 65
  • The min. salary of the applicant should be 20k to 25K per month
  • The min. Employment should be min.1 year and min. 6 months in the current organization
  • The minimum CIBIL score has to be 750 or above

PAN Card

Aadhaar Card

Latest Salary slip of 1 month

Ownership Proof

Voter ID

Latest Bank statements of 3 months

Apply for Loan

Negative Profile for IDFC Bank Personal Loans

A negative list or negative profile is a list of areas of the city where residents would not qualify for credit approval. In India, this has been a relatively new development.

Defense and Police

NGO

Mandir/Masjid/Gurudwara/Church

Politician

Company which are in Liquidation or in BIFR

Minus 1 CIBIL

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.

Contact No. :- 022-46047350

Email :- support@idfc.co.in |

Click to contact idfc Customer Care

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%
Leave Your Question

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.

Refer Loan is a Phy-zital Fintech that connects Lenders and Borrowers digitally as well physically. It provides a Financial Bouquet to the users with multiple Financial solutions. Its AI-based detailed comparison enables users to find the best financial product from the best financial institutions.

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