Tag Archives: idfc personal loans

IDFC Bank Personal Loan

(Updated on 08.05.2019) IDFC Bank Personal Loan – Apply & Get Lowest Interest Rate from IDFC Bank. Calculate Your Personal Loan EMI, Eligibility Calculator, Documents & Processing Fee. 


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All loans are on sole discretion on the respective banks

IDFC Bank Personal Loan

IDFC Bank Personal Loan is the unique and widely favoured personal loan among borrowers to fund their critical financial crisis at any point of time. You can easily fund your dream vacation, child’s education, home renovation or wedding, etc. in your family with IDFC Bank Personal Loan at Best in Class Rate of Interest. Personal Loan Eligibility Calculator helps you to know your eligibility for personal loan at the quickest way. Personal Loans at higher rates can be transferred to IDFC Bank with the Balance transfer facility.

IDFC Bank Home Loan can also be availed at affordable and flexible rate of interest that can turn your dream of owning a home into reality.

IDFC Bank Personal Loan Interest Rate

Interest Rate 12.00% onwards
Processing fee range Up to 2.5% of loan amount
Loan Amount Rs. 20,000 to Rs. 20,00,000
Tenure 3 months to 60 month

IDFC Bank Personal Loan EMI Calculator

IDFC Bank Personal Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

IDFC Bank Personal Loan Eligibility

  • Proof of identity: Copy of passport/voter ID card/driving license.

  • Proof of address: Copy of ration card/telephone or electricity bill/rental agreement/passport .

  • Proof of age is also necessary.

  • Proof of Income and Occupation.

  • Last 3 months bank statement/6 months bank passbook.

IDFC Bank Personal Loan Documents Required

  • Application form with 1 photograph.

  • Identity proof :Passport Copy/ Voters ID card/ Driving License/PAN card/Aadhar Card/Overseas Citizen of India card/Person of Indian Origin card.

  • Address (Residence) Proof:Valid Passport/Voter’s ID card/Food Card (Ration Card)
    Lease Deed/ Rent agreement Copy/ Property Registration Document in the name of the Customer.

  • Latest IT Return/Original Letter from Company/Telephone/Electricity Bill.

  • Age proof: PAN Card, Passport copy.

  • Signature Proof: PAN Card, Driver’s Licence, Passport copy, Banker’s attestation of Bank Account Statement.

  • Ownership Proof:Electricity Bill, Water Bill, Sales Deed, Receipt of Tax paid.

  • Income details: Last 3 months’ payslips and Form 16.

  • For the last 6 months bank account statements.

IDFC Bank Personal Loan Prepayments

  • 2.5% on Principal Outstanding, at the time of loan closure.

  • Part pre-payment facility not available.

IDFC Bank Personal Loan MCLR May 2019

Loan Tenor MCLR Rate
Overnight 8.90%
1 Month 8.90%
3 Months 9.10%
6 Months 9.30%
1 Year 9.50%
2 Years 9.60%
3 Years 9.70%

IDFC Bank Personal FAQ

Q1) What is the maximum loan tenure of IDFC personal loan?
The maximum loan tenure of IDFC personal loan is 60 months.
Q2) Can an applicant choose between fixed or floating interest rate?
Yes, an applicant has the option to avail IDFC personal loan with either a fixed interest rate or floating rate.
Q3) Does the borrower has the option to prepay the loan amount?
Yes, the borrower has the option to prepay IDFC personal loan amount without any prepayment penalty.
Q4) Do an applicant needs to provide security to apply for IDFC personal loan?
No security is required to apply for IDFC personal loan.

IDFC Bank Latest News

(10.07.17) IDFC Bank looking to merge two Shriram group NBFCs IDFC Bank is looking at a business combination with two Shriram Capital-promoted non-banking finance companies — Shriram Transport Finance Corporation (STFC) and Shriram City Union Finance (SCUF).(Sources: BusinessLine)