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.
| 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 |
Purpose: To satisfy the financial obligations associated with the wedding. It is subdivided into the following two categories:
Loan Amount: It isup to Rs 40 lakh
Processing Fee: It is up to 3.5% of the whole loan amount
Purpose: Personal loans may be applied online right now to meet the financial requirements for a holiday
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
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.
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.
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.
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