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Get instant access to funds with IDFC FIRST Bank’s Pre-approved Personal Loan. Whether you need money for an emergency, travel or education, this loan comes with quick approval, minimal documentation, and disbursal within 30 minutes.
IDFC FIRST Bank offers pre-approved personal loans of up to ₹10 Lakhs with attractive fixed interest rates. You benefit from a 100% digital application process along with quick disbursal, making it ideal for urgent financial needs.
You can choose flexible repayment tenures of up to 60 months. Enjoy complete transparency with zero foreclosure charges.
IDFC FIRST Bank makes borrowing fast and convenient with its pre-approved personal loan. Here is what you can expect:
Competitive interest rates starting from 9.99% p.a.
Flexible loan amounts, allowing you to borrow only what you need
No foreclosure charges for early loan closure
Multiple on-demand loans as per your needs without reapplying
Personalised offers based on your credit score and income profile
Smooth and fully digital application process
IDFC FIRST Bank offers a smart lending experience with benefits that combine speed, simplicity, and savings. Here are some of its features and benefits:
IDFC FIRST Bank allows you to choose the loan amount that fits your needs. You can repay it over a flexible term of up to 60 months, making it easier to manage your finances.
Enjoy a seamless borrowing experience with minimal documentation. The entire process is 100% digital, ensuring speed and simplicity from application to disbursal.
With IDFC FIRST Bank, you do not need to pledge any security or assets to access your pre-approved personal loan. This makes borrowing hassle-free and stress-free.
Loan funds are disbursed within minutes, giving you quick access to money when you need it most. The fast processing ensures you can handle urgent expenses without delays.
IDFC FIRST Bank personal loan gives you full control over your loan. You can choose your repayment plan and withdraw only the amount you need, without any obligation to use the full approved limit.
Save more with low interest rates and zero foreclosure charges. This helps you lower your overall borrowing costs and repay your loan early, without any prepayment penalties.
Before applying for the personal loan, it is crucial to check the interest rate to understand the total cost of your loan.
Particulars |
Details |
|---|---|
Interest Rate |
Starting from 9.99% p.a. |
Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.
Here is a detailed list of fees and charges applicable to IDFC FIRST Bank's pre-approved personal loans:
Particular |
Fees and Charges |
|---|---|
Processing Fee |
2% of the total loan amount + GST |
Penalty on Overdue EMIs |
2% of unpaid EMI |
EMI Bounce Charges |
7.5% of EMI/outstanding amount (Minimum: ₹400; maximum: ₹1,000) |
Payment Swap Charges |
NIL |
Foreclosure Charges |
NIL |
Duplicate NOC |
₹500 |
Disclaimer: The above-mentioned details are subject to change at the lender’s discretion.
To qualify for a pre-approved personal loan from IDFC FIRST Bank, you must meet the following requirements:
Age: You should be between 21 and 60 years of age
Employment Type: Salaried and self-employed individuals with stable income are eligible for the loan
Credit Score: A minimum CIBIL score of 730 is required to get a pre-approved loan
Note: As this is a pre-approved offer, eligibility is subject to the lender’s internal criteria and policies.
To apply for a pre-approved personal loan, you may need to submit the following documents:
Document Type |
Accepted Documents |
|---|---|
Identity Proof |
Aadhaar Card, PAN Card, Passport, Voter ID |
Address Proof |
Aadhaar Card, Utility Bills, Passport, Bank Statement |
Income Proof (Salaried) |
Last 3–6 months’ bank statements and recent salary slips |
Income Proof (Self-employed) |
Last 2 years’ ITR, balance sheet, and last 6 months’ bank statements |
Note: As this is a pre-approved offer, the documentation requirement is subject to the lender’s internal criteria and policies.
Follow these simple steps to apply for a pre-approved personal loan from IDFC FIRST Bank:
Visit the official IDFC FIRST Bank website and go to the personal loan section
Click on “Apply Now” to begin the process
Click on “Get Money”
Enter your mobile number and verify it using the OTP sent to your phone
Fill in your personal and financial details in the online form
Once your application is accepted, the amount will be credited to your bank account
Improve your eligibility and boost your chances of getting a pre-approved personal loan offer with these simple tips:
Maintain a strong credit score by paying all your EMIs and credit card bills on time. Keep your credit utilisation below 30% to show responsible borrowing behaviour.
Keep your total EMIs within 50% of your monthly income. Paying off existing debts can improve your finances and help you get pre-approved offers more easily.
A stable and regular income assures lenders of your repayment capacity. Consistent earnings make you more eligible for pre-approved loan offers.
Avoid applying for multiple loans or credit cards in a short time. Too many credit enquiries can lower your credit score and reduce your chances of approval.
IDFC FIRST Bank offers pre-approved personal loans at fixed interest rates starting from 9.99% p.a. The rate may vary based on your credit profile.
Yes, you can prepay or foreclose your loan early without any charges, allowing you to save on interest and manage your finances better.
Yes, IDFC FIRST Bank charges a processing fee of 2% of the total loan amount for its pre-approved personal loans.
Typically, pre-approved loans are issued to existing customers. IDFC FIRST Bank offers pre-approved personal loans to customers with active savings accounts. A good credit history is required for eligibility.
