IDFC Bank Personal Loan 2025

1. When you enquire about this loan on BankBazaar.com, you will get an e-approval within just 30 minutes while you sit comfortably at home. You will also receive door-step service.
2. You can enjoy paperless approval.

1. You do not have to get any guarantor to apply for this loan.
2. No foreclosure charges if you foreclose your account within 6 months of the sanctioning of the loan. If you foreclose your account after 6 months of the availing a loan, then you will have to pay a foreclosure fee of 5% of the outstanding principal amount.

How to Apply for a Personal Loan from IDFC First Bank?

1. Visit the official website of the bank and apply for a personal loan by duly filing the application form online.
2. If you meet the eligibility criteria, the bank will appoint a relationship manager who will come to your communication address to collect the necessary documents.

1. Once your documents have been submitted, it will be verified by the bank. The process may also involve the lender having a discussion regarding your interest in availing a personal loan from them.
2. If all the documents provided by you and the bank is satisfied with the reports provided, the loan amount will be approved and disbursed to your bank account.

You can also visit the nearest branch of IDFC First Bank along with the necessary documents. A representative from the bank will help you with the process of applying for a personal loan from IDFC First Bank. Bankbazaar Partnership with IDFC.

Eligibility Criteria for IDFC Personal Loan

The eligibility criteria you will have to fulfil in order to avail a personal Loan from IDFC First Bank are:

Self-employed individuals

1. Minimum age of 28 years, and maximum age of 68 years at the time when loan matures.
2. The business must be in existence for at least 3 years.
3. The company’s Profit after Tax (PAT) must be positive.

Salaried individuals

1. Minimum age of 23 years, and maximum age of 58 years at the time when loan matures.

Documents Required to Apply for IDFC Personal Loan

Given below is the list of documents you will have to submit in order to avail a personal loan from IDFC First Bank:

1. Proof of identity such as Aadhaar Card, Passport, PAN Card, etc.

1. Proof of address such as Aadhaar Card, utility bills, Passport, bank account statement, etc.
2. Proof of income

1. For salaried individuals: Bank statement for the last 3 months/6 months, latest salary slip
2. For self-employed individuals: Income Tax Returns for the last 2 years, balance sheet for the last 2 years, bank statement for the last 6 months

1. Proof of business applicable for self-employed individuals such as Qualification Certificate/Certificate of Practice (COP), Shop Act License/ MOA & AOA/ Sales Tax/ Vat registration/ Partnership Deed

Fees and Charges for IDFC First Bank Personal Loan

1. The foreclosure fee is 5% of the outstanding loan amount (plus GST) if you decide to foreclose your account after six months of the availing of the loan. You will not be required to pay any foreclosure fees if you foreclose your account within six months of the availing of the loan.

Detailed Breakdown of Additional Fees

GST and other government taxes, levies, etc. as per prevailing rates will be applied over and above the fees and charges.

How to Raise a Complaint for IDFC Bank Personal Loan

If you are not satisfied with the response received from access channels, you can escalate your concern by contacting the nodal office via email or phone.

Nodal Desk Details:

Nodal officer email - pno@idfcfirstbank.com or call 1800 209 9771 Monday to Sunday - 24/7.

For any further escalation, write in to Mr. Vipul Raj, PNO, IDFC FIRST Bank Ltd. Building no. 09, 17th Floor, Gigaplex Raheja Mindspace IT-5, Airoli, Navi Mumbai - 400708, Maharashtra, India or call 1800 209 9771.

Branch Locator and Contact Details for IDFC Bank

IDFC FIRST Bank Ltd Naman Chambers,

C-32, G-Block,Bandra-Kurla Complex,

Bandra East,

Mumbai - 400051, India

With an array of personal loan products offered by IDFC First Bank, you can choose a loan that best fits your financial requirement.

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