IDFC First Bank Personal Loan

Age

• Anyone aged between 21 to 60 years can apply for personal loan.

CIBIL Score

• To obtain the FIRSTmoney smart personal loan, applicants need to have a good credit record and a CIBIL score of 730 and above.

Required Documents

• Proof of identity such as Aadhaar Card, Passport, PAN Card, etc.
• Proof of address such as Aadhaar Card, utility bills, Passport, bank account statement, etc.
• Proof of income
• For salaried individuals: Bank statement for the last 3 months/6 months, latest salary slip
• 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
• 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

Nature of Employment

• Salaried and Self-Employed Individuals

Loan Processing Charges

• Up to 2% of the loan amount + GST

Minimum Work Experience

• The business must be in existence for at least 3 years.
• The company’s Profit after Tax (PAT) must be positive.

Features

• Access multiple loans, anytime, anywhere
• You can enjoy paperless approval.
• You do not have to get any guarantor to apply for this loan.
• 0 Foreclosure Charges
• Digital personal loan – All you need is PAN + Aadhaar
• Instant loan approval + disbursal in 30 minutes
• Flexible personal loan repayment options
• Our advanced technology allows for a quick and paperless instant personal loan application process, ensuring swift disbursal of loan amounts directly to your bank account.
• Get a FIRSTmoney instant loan of up to ₹10 lakh based on your eligibility and financial requirements. You can obtain more loans, on-demand to meet future requirements, in just a few clicks.