IDFC Instant Online Personal Loan

in 1 Day* @10.45%

 

Quikkloan offers a free service and therefore, we do not charge any fee from customers

√ Instant Personal Loan Approval

√ 100% Online Process

√ No Hidden Charges

√ Minimum Documentation Process

 

 

 

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IDFC Personal Loan Online in 1 Day*

We deliver financial happiness to our customers. 100% Online Process | No Branch Visits | No Hidden Charges | Minimum Documentation Process

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How it Works!

Quikkloan made the effortless process for the customers. Apply Personal Loan Online, Compare the best personal loan offer from the various Banks & NBF, upload the documents online, get disbursal in 24Hrs.

  Eligibility Criteria
Salaried Individuals between 21 to 58 years, Minimum Net Monthly Salary of Rs. 20,000 and Employed for at least 1-2 years

  Get ready with Documents
PAN & Aadhaar Card, Latest 3 month Bank statement, Two latest salary slip / latest Form 16, Cancelled Cheque

  Get Disbursal in 1 Day*
Personal Loan up to 25 Lakh, Instant approval and Fast Disbursal through Partnered Banks / NBFC, No Collateral and Minimum Documentation

IDFC Bank Personal Loan

IDFC bank personal loan caters to your varied financial needs online. Get personal loan idfc bank for a maximum loan amount of up to Rs.25 lakh and repay the same with flexible tenures of up to 5 years. Both salaried and self-employed individuals are eligible to apply for instant personal loan. Make sure to meet the required eligibility criteria set by the lender and keep your documents ready to avoid personal loan rejection. However, your cibil score is also considered by the bank before giving instant approval and disbursal to personal loan online.

IDFC Personal Loan Interest Rates

Particulars

Details

Interest Rates

As applicable by the bank

Loan Amount

Rs.1,00,000-25,00,000 lakh

Tenure

Up to 5 Years

Processing Fee

3.50% of the loan amount

Employment Type

Salaried and Self-employed

Cibil/Credit Score

Above 750 (out of 900)

Foreclosure Charges

5% of the principal outstanding

Part Prepayment Charges

2% on partial payment

EMI Bounce Charges

Rs.400

Security/Collateral

Not required

Documents Required For Personal Loan

Mentioned are the personal loan documents for salaried and self-employed.

 

 

Complete Online Application

Fillup the Online loan Application in just 2 minutes

 

Provide Identity Proof

Voter id/ Passport/ Driving License / Aadhaar Card

 

Address Proof

Aadhaar /Passport/ Telephone or Electricity Bill/ Ration Card

 

Bank Statement

Latest 3 Months Bank Statement or Passbook

 

Income Proof

For Salaried – Latest 3-month Salary Slip

                    For Self Employed –  ITR and Current Bank Statement of 3 months

Why Choose IDFC Personal Loan

There are several reasons to choose Personal Loan from IDFC Bank

  Quick Disbursal

  Attractive Interest Rates

  Attractive Interest Rates

Flexible Loan Tenures

  Minimal Documentation

  Multi-purpose Loan

  No Collateral/Security 

 

How to Apply for IDFC Personal Loan 

Apply online for IDFC Capital personal loan and get instant approval and disbursal. Yes, the online process is really simple and quick hence saves a lot of time. The online process includes:online loan application, document submission, verification, approval and disbursal. And, when it comes to applying for personal loan, a reliable online marketplace is the best place. Yes, with the help of the same, it would be easy for you to avail the best of services like complete credit assessment. Yes, with the help of the same, the personal loan rejection chances would be reduced as the borrower will reach out to the right lender. Hence, a hassle-free personal loan journey.

 

From Where to Apply for an Instant Personal Loan IDFC Online

Quikkloan is an ideal online marketplace that allows you to enjoy a hassle-free personal loan online journey. Apply IDFC Personal Loan Online at Quikkloan, upload your documents online, get eligibility of your loan and gett disbursal.  

 

Table Showing EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

 

Loan Amount (in Rs.)

Interest Rate(per annum)

Tenure (in Years)

EMI (in Rs.)

Total Interest Amount(in Rs.)

Total Amount=Principal +Interest (in Rs.)

25,00,000

16%

1

2,26,827

2,21,926

27,21,926

25,00,000

16%

2

1,22,408

4,37,787

29,37,787

25,00,000

16%

3

87,893

6,64,133

31,64,133

25,00,000

16%

4

70,851

9,00,834

34,00,834

25,00,000

16%

5

60,795

11,47,709

36,47,709

Table Showing Principal, Interest, and Balance Amount

Year

Principal (in Rs.)

Interest(in Rs.)

Balance Amount(in Rs.)

1

3,54,815

3,74,727

21,45,184

2

4,15,939

3,13,602

17,29,245

3

4,87,593

2,41,948

12,41,651

4

5,71,591

1,57,950

6,70,060

5

6,70,860

59,481

0

 

Feature & Benefit Of IDFC Bank Personal Loan

Easy Process: The process is really easy as in just a few steps you would be able to apply online for an unsecured loan. The process is quick which means you can expect instant approval and disbursal. 

High Disbursal Amount: The quick personal loan is available for salaried individuals and self-employed professionals with a maximum loan amount of up to Rs.25 lakh. With a high disbursal amount, it would be easy for you to meet your financial needs. 

Flexible Tenures: With flexible tenure options, it would be easy for you to repay your loan without hurting your pocket. With a maximum tenure of up to 5 years, the load on your EMI will be reduced as the amount of your monthly installment will eventually come down. 

Borrow More If You Need: In case your personal loan amount is not enough in meeting your needs, you can go for a personal loan top-up facility. With the help of the same, you can meet your multiple needs as extra funds will be given on your existing loan amount. A top-up facility is available for existing personal loan borrowers. 

Balance Transfer: On transferring your existing personal loan to IDFC, you can enjoy a lot of benefits. Yes, a borrower can not only enjoy lower interest rates but other perks like enhanced banking services, reduced processing fee and other charges, first EMI provisions, etc can also be enjoyed.  

Attractive Interest Rates: With competitive interest rates, it would be a smooth journey for you. Yes, a lower interest rate helps in reducing your personal loan burden as your monthly installments would be reduced. Moreover, interest rates have a direct connection with EMIs, the higher rates you have, more EMI burden will be on your shoulder. 

Multi-Purpose Loan: This unsecured loan is a multi-purpose loan, which means a borrower can avail it for multiple needs. Yes, right from wedding, travelling purpose to medical expenses, home renovation/extension, this loan comes handy for all. Also, there is no need to give collateral/security to the lender at the time of availing the same.

Type of IDFC Personal Loan

Basically, a personal loan is a multi nature in use. it can be used for the following purposes. An instant personal loan in IDFC can be availed for a variety of reasons. IDFC offers different types of personal loans to meet the multiple needs of the people. 

 

To cover all the wedding expenses, the IDFC wedding loan is here. The bank offers the loan with many perks and privileges to choose from. If we talk more about the same, and IDFC marriage loan interest rate 2020 is 11.25% per annum. 

 

Features and Benefits:

    • Interest rates starting from 11.25% p.a
    • Avail loan of amount up to Rs. 20 lakh
    • Minimal documentation
    • No security/collateral required

Renovate your home without worrying about the expenses as IDFC is here to give your home a beautiful makeover.

 

Features and Benefits:

  • Personal Loan rate of interest starting at 11.25%
  • Avail loan of amount up to Rs.20 lakh
  • Minimal Documentation
  • No security/collateral required
  • Quick processing and disbursal – Money gets credited into your account in 72 hours

Be it a solo holiday or a trip with family or friends, the IDFC Holiday loan caters to the needs of all. The loan can easily be availed to meet all your travel expenses. 

 

Features and Benefits:

  • Interest rate starting from 11.25% p.a.*
  • Avail loan up to Rs. 20 lakh
  • Simplified documentation
  • No security/collateral required
  • Quick processing and disbursal.

 

If you have just started working and your first salary has just come, you are also eligible to apply for a personal loan of up to Rs.1,50,000

 

Features and Benefits:

  • No security / collateral required
  • Attractive Rate of Interest
  • Avail loan of amount up to Rs. 1,50,000
  • Simplified documentation
  • Funding avail from age of 21 years
  • Quick processing and disbursal

NRIs can also avail a personal loan without any hassle as IDFC offers NRI Personal loan with instant approval and disbursal. 

 

Features and Benefits

  • No security/collateral required
  • Avail loan up to ₹ 10 lakh
  • Simplified documentation
  • Interest rates starting from 15.49% p.a.*
  • Applicant to be a resident Indian and the co-applicant NRI to be a close relative
  • Tenure up to 36 months
  • Quick processing and disbursal

Need extra funds to support your existing personal loan? Apply for IDFC Top Up Personal loan online. You can either combine it with an existing personal loan or treat it as a separate loan. 

  Features and Benefits:

  • No security / collateral required
  • Simplified documentation
  • Interest rates starting from 11.25% p.a.
  • Quick processing and disbursal

IDFC Personal Loan Customer Care Number

1860-500-9900 is the number to get in touch with the IDFC customer care executives. The bank executives are always to solve all your concerns related to queries, feedback, complaints and suggestions. Hence will always help assist in making your personal loan smooth.

 

Do I need to provide any security to avail a personal loan?

The bank provides personal loan to the borrowers without any collateral or security. Yes, because a personal loan is an unsecured loan, which means the bank will not take any sort of security while disbursing the loan amount.

Can I check my IDFC personal loan?

You can check IDFC personal loan status online anytime. Yes, you simply need to enter your loan application number and with the help of the same it would be easy for you to know whether your loan application is approved, pending or rejected.

Who can apply for an IDFC Capital Personal Loan?

Both salaried and self-employed individuals are eligible to apply for an unsecured personal loan offered by IDFC.

What are the charges applicable to my personal loan?

There is a one-time processing fee of up to 3.50% applicable on the loan amount that a borrower needs to pay at the time of availing a loan. On the other hand, if a borrower wants to pre-close his loan before the set tenure, foreclosure/prepayment charges are 5% of the principal outstanding. However, a borrower can also opt for a part prepayment facility, wherein he needs to bear a charge of 2% on the partial payment.

How can I know about my EMIs?

By using a personal loan calculator online, it would be easy for you to know the exact and accurate calculations of monthly installments. Hence, can take a calculative decision. 

Where can I use my IDFC personal loan?

A borrower can use a personal loan to fulfill various reasons like:

  • Wedding Expenses
  • Travel Expenses
  • To Pay Credit Card Debt 
  • For Home Renovation/Extension
  • For Paying Medical Bills
  • For Child Education
  • Paying Course/Tuition Fee

Can I cancel my approved personal loan? If yes, what are the charges involved?

Yes, you can cancel your approved personal loan application before the amount gets disbursed in your account. You simply need to dial 1860 500 9900 either from your mobile or landline to get in touch with the customer care executives. And, there are no charges involved for cancelling an approved personal loan application.

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