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IDFC Bank Personal Loan

IDFC bank is the first bank that is providing personal loans and provides up to Rs.40 lakhs with an interest rate starting from 10.49% -24% p.a. and a processing fee of Rs. 6999.

IDFC Bank Personal Loan & its Features.

Here are the features of Yes bank

Loan Amount

Loan amount Minimum of Rs.1 lakh and a maximum of Rs.40 lakhs.

Interest Rate

IDFC Bank personal loan interest rates vary between 10.49% -24% per annum.


The repayment period is up to a maximum of 84 months.


EMI was as low as possible: Rs. 1,686 per lakh.

Partial Payment

Ease of making 40% part payment.


Grant a digital paperless loan.


IDFC Bank which Pre-Approved personal loan facility.

Eligibility Criteria of IDFC Bank Personal Loans.

Here are some Eligibility factors to apply for yes bank personal loans.

  • The business must have 3 years of minimum proper operation.
  • The person must have 2 years of PTA after taxing.
  • The person must be a minimum age of 28 and maximum age of 68.
  • Repayment is accepted through a savings account.
  • ITR is not required.
  • The person should submit a minimum of 3 bank statements.
  • This person must have a monthly income of 20,000 per month.
  • The salaried person must have a minimum age of 23.

Documents Required to Apply for IDFC Bank Personal Loan

Some documents are required to apply for a personal loan those are

  • Photo identities like aadhaar card, passport, voter id, driving license, pan card.
  • Some required documents for address proofs.
  • Some income proofs like salary slips, previous payslips, etc.
  • If the person is taking personal loans as a self employee he/she should provide their qualification certificates, registration certificates, business proofs, etc.
  • If the person has his own business, he must provide some Municipal tax bill, Gram Panchayat, GST Certificate, Certificate Shop & Establishment Certificate, ITR with Computation of income of last 2 years, Aadhaar, SSI Certificate, FSSAI license, Utility Bill.

IDFC Bank Personal Loan Verification Process.

  • Apply for IDFC FIRST Personal Loan Online by filling up the form on the Bank website.
  • The bank will notify you immediately of your eligibility.
  • The IDFC Bank Relationship Manager will make an appointment to collect your documents from the doorstep.
  • After collecting your documents, verification of your loan application will be done by the bank.
  • If the bank is satisfied with the verification, your loan will be approved and the amount will be credited to your bank account.

Details of IDFC Bank Personal Loan

Loan Feature and their details


Rate of interest

10.49%- 24%.


Repayment tenure

12 to 84 months.


Lowest EMI possible

R s. 1.686 Per Lakh.


Process fee

Rs. 6999, till 30th Sep'22.


EMI Bounce Charges

Rs. 400 for each bounce.

Part prepayment fee:

  • Part prepayment facility is not available for general personal loans.
  • Smart Personal Loans: Up to 40% of major arrears in the current financial year will be allowed as part payments only after the initial 3 EMIs have been paid.
  • Partial payment of 2% part payment charges will be levied.


Foreclosure charges : 5% actual balance for general personal loans as well as smart personal loans.

Overdue interest : 2% of unpaid EMI or Rs. 300, whichever is higher.

Repayment instrument swap charges : Rs. 500 per change request.

Duplicate NOC/ NDC : Rs. 500 per request.

Statement of Account (Adhoc/ Duplicate) : Rs.500.

Cancellation or rebooking charges : 1% of the loan amount + interest from the date of delivery until the cancellation request is received.

Document retrieval charges : Rs. 500 per retrieval.

Physical repayment schedule : Rs. 500.

EMI pick-up/ collection charges : Rs. 350.

Stamping charges : As per the requirement.

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+91 6302 196 923

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