IDFC Bank Personal Loan

5 Min Read

An Personal loan from IDFC bank can be quickly obtained by a customer trying to find an instantaneous personal loan to cover their unforeseen costs. IDFC Bank offers 3 sorts of personal funding products specifically crafted for their clients namely, Straightforward Personal loan (that can be borrowed conveniently by an employed person), Smart personal Loan (that has a part-payment facility which is used free of cost) and Personal Lending Equilibrium transfer center (that enables clients to consolidate their existing fundings into a single IDFC bank loan account). An IDFC Personal Loan can be availed for various objectives such as paying off clinical expenses, covering wedding costs, taking a trip, purchasing Personal durables etc. as well as is also referred to as a multi-purpose loan.

Why Select IDFC Bank Personal Funding?

An Personal loan from IDFC Bank has numerous advantages as well as it includes special deals. Right here are a few reasons why you must request a Personal loan.

  • Affordable interest rates
  • Instant approval
  • Easy paperwork process & 100% transparency
  • Zero part-payment costs
  • Flexible lending period, varying from 3 to 60 months
  • No covert charges and also reduced processing charge
  • Quick disbursal with cash in your account within 2 days

IDFC Bank Personal Loan Eligibility Criteria

1. Salaried people.

2. Minimum age of 24 years and also maximum 60 years at the time of funding maturation.

3. Minimum regular monthly revenue is Rs. 25,000.


How To Compute EMI for IDFC Bank Personal Loans?

EMI is the quantity that you will certainly need to pay each month as repayment. You can compute the month-to-month EMI on IDFC Bank Personal loan using IndiaLends’ very easy and also simple Personal loan EMI calculator. It’s easy to determine and also 100% exact. When you recognize what your EMI is, you can plan your budget plan and also spends in advance.

EMIs as well as tenure are vice versa proportional per other. You must keep the following points in mind when you calculate the EMI on a personal loan-.

  • Personal Loan Amount.
  • Personal Loan Rates Of Interest.
  • Period of Personal loan Loan.
  • Repayment Terms.
  • Fees, Penalties and Other Charges

IDFC Personal Loan Eligiblity

For availing a personal loan from IDFC, you need to accomplish the adhering to criteria-.

  • Salaried Individuals
  • Minimum age of 24 years as well as optimum 60 years at the time of financing maturation.
  • Minimum month-to-month income is Rs. 25,000.

IDFC Personal Loan Balance Transfer

You can pick to move your current loans from various other banks to IDFC Bank to delight in far better rate of interest & pay everything in one area. The benefits of moving your loan equilibrium to IDFC Bank are as complies with:

  • Combine any one of your existing financings can be right into one IDFC Bank loan account.
  • Pay a consolidated EMI to simply one lending account.
  • Save on interest by getting a better rate when consolidating all your debts

IDFC Personal Loan Foreclosure

Foreclosure of an Personal loan is allowed at IDFC Bank after the payment of a account owner’s 3rd EMI repayment. The charges associated with the Repossession will be 3% of the exceptional principal quantity as well as GST would certainly be fees additional.

IDFC Personal Loan Status

Any kind of person can examine their personal financing standing by logging in to the IndiaLends application as well as click Financing Status.

IDFC Bank Personal Loan Fees & Also Charges.

When you take an Personal loan from IDFC, you can expect the following fees:

  • Handling Charges which is 1.5% of the financing amount.
  • Foreclosure Fees of 3% just after paying 3 EMI’s.

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An experienced, qualified and result oriented professional with several years experience as a Chartered Accountant. Hemant assignment in various industries have helped him to develop expertise in sales, customer relation management, and Enterprenurship. Hemant has got degree in B. Com ( Hons. ) from Delhi University and is a Chartered Accountant by profession.Specialties: Accountancy, Taxation, Corporate Law, Business Audit, Entrepreneurship.
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