### IDFC Personal Loan

The annual percentage rate for personal loans from IDFC First Bank is 10.49% for loan amounts up to Rs 40 lakh and loan periods up to 5 years. This agreement makes it feasible to switch existing personal loans to IDFC First Bank at lower interest rates. IDFC First Bank also offers online rapid personal loans with paperless digital loan processing.

#### Comparison of IDFC Personal Loan with Other Loans

Banks | Interest Rates (per annum)
--- | ---
IDFC First Bank | 10.49% – 23%
SBI | 9.60% – 13.85%
PNB | 7.90% – 14.50%
ICICI Bank | 10.50% – 19%
Axis Bank | 10.25% p.a. onwards
Kotak Mahindra Bank | 10.25% onwards
IndusInd Bank | 11.00% onwards
HDFC Bank | 10.25% – 21%
Bajaj Finserv | 13.00% onwards
Tata Capital | 10.99% onwards

#### Different kinds of IDFC First Bank Personal Loan

##### Personal Loan for Marriage

Purpose: To satisfy the financial obligations associated with the wedding. It is subdivided into the following two categories:

- Personal loans for those who make a living from their jobs
- Self-employed individuals may apply for a personal loan right away.

Loan Amount: It isup to Rs 40 lakh

Processing Fee: It is up to 3.5% of the whole loan amount

##### Personal Loan for Travel

Purpose: Personal loans may be applied online right now to meet the financial requirements for a holiday

##### Personal Loan for Emergency

Purpose: Unexpected financial circumstances necessitate a personal loan, which may be secured online without the need for any supporting papers.

Tenure: It is up to 5 years

##### Balance Transfer

Purpose: If you have a personal loan at a lower interest rate from a different bank or NBFC, you may transfer it to IDFC First Bank.

- To qualify for a personal loan from IDFC First Bank, you must meet several prerequisites
- Salary-earning candidates
- Restrictions on participation include only those who are at least 23 years old
- 60 years old or the time when a person is eligible for full retirement
- All self-employed applicants are eligible to participate in this program
- The age limit is 25 years old
- You can't be more than 60 years old to join (at the time of loan maturity)
- Before applying, the firm must have been in business for at least three years.

### Why opt for IDFC Personal Loan?

When you need money, it may not always show up when you expect it to. In fact, you may find yourself in need of money when you least expect it. Previously, borrowers had to visit the moneylender's office to get money in this situation. Personal loans are increasingly becoming the principal source of finance for all types of monetary requirements that people have individually.

Hence, if you need money quickly, a personal loan does not require any kind of collateral, such as jewelry or a mortgage on a house. However, there might be several reasons why you're looking for a loan. Many benefits, including low-interest rates and loan duration ranging from six months to sixty months, are available when you transfer your existing IDFC Personal Loan/Credit Card. Select IDFC personal loan as it helps us in so many ways. Looking at the loan perspective, theIDFC loan provides us with better transmission of the personal loan factor.

### The IDFC Personal Loan Repayment

Go to 'My Loans' in the customer portal's menu to learn more about your repayment options. The information about your existing loans will be shown by default. On the right side of the page, click on the 'Repayment Schedule Download' option. As an alternative, you may request a copy of your Repayment Schedule from the Dealer store where you purchased your products.

#### What makes Credit right platform to apply for an Individual Loan?

##### Most trustworthy lenders

In order to present you with the best loan alternatives from various lenders in one place, Credit has partnered with more than 30 banks, non-bank financial institutions, and fintech businesses.

##### Make comparisons

What's the best option? Using a few mouse clicks, you can research and compare personal loan offers from India's leading banks, non-banking financial institutions (NBFCs), all on one screen.

##### Personalised options available

With a high degree of acceptance assurance, we provide customised solutions Credit ranks personal loan offers based on your credit score and other qualifying factors to determine which ones are most relevant to you. Your loan application will be accepted if you use this information to help you choose the best deal.

##### Can gain benefit from Pre-approved loans

These loans are those that have already been authorised. Once you've joined the Credit community, you'll get personalised pre-approval offers for personal loans based on your credit score and history. There is minimal to no verification required for these loans and the processing expenses are inexpensive.

##### Right advice

Credit's team of experts will assist you in every stage of the procedure, coordinate with lending banks/NBFCs, and help you get the best personal loan for your needs.

When it comes to applying for a personal loan, credit.nsserver.in is a 100% digital-only company, which means that you can apply from the comfort of your own home with zero to little paperwork and an entirely digital experience.

##### End-to-end Assistance

After you complete your loan application, Credit representatives will visit your home or place of business at a mutually agreed-upon time and day to pick up any physical papers that is needed. Credit takes care of everything for you, so you don't have to go to a lending institution in person to submit your documentation. Comprehensive Help from Start to Finish Credit's team is always by your side, working with the lenders to make sure you have an excellent experience from beginning to finish, from searching for a loan choice to getting the sanctioned money in your bank account.

###### Personal Loan by Top Banks

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