IDFC First Bank Personal Loan of 4 Lakh

Unlock a world of simple financial solutions with IDFC FIRST Bank, which offers a hassle-free solution for your financial requirements. Take advantage of the Personal Loan option, which allows you to borrow up to Rs. 1 crore at an extremely attractive 4 lakh loan interest rate of 10.75%. Immerse yourself in the ease of our digital application procedure, which allows you to apply in minutes and provides quick access to cash for your various financial needs.

Discover a brief picture of your IDFC FIRST Bank personal loan 4 Lakh:

Feature	Description
Interest Rate	10.75% p.a. Fixed ROI
Loan Amount	Applicable to Rs. 1 Crore
Tenure	Up to 84 months
Any Hidden Charges	Transparent terms with no hidden charges

Personal Loan Options for 4 Lakh in IDFC FIRST Bank

IDFC FIRST Bank’s comprehensive selection of Personal Loan choices has been thoughtfully created to satisfy varied demands and boost your financial path.

1. Small Loans

IDFC FIRST Bank’s Small Loans are designed to satisfy your immediate financial needs, so you may get financial assistance for modest bills quickly.

2. Travel Loans

 IDFC FIRST offers Travel Loans to make your dream holiday unforgettable and stress-free.

3. Emergency Personal Loans

They provide financial help amid unexpected circumstances.

4. Marriage Loans

They provide financial support to make your ideal wedding a reality.

5. Medical Loans

Prioritise your health with IDFC FIRST’s Medical Loans, which cover medical treatment expenditures while ensuring your well-being comes first.

6. Debt Consolidation Loans

IDFC FIRST Debt Consolidation Loans can help you reduce the strain of several loans by simplifying repayments and improving your financial security.

Features of IDFC FIRST Bank 4 Lakh Personal Loan

Secure a sound financial trip with IDFC FIRST Bank’s 4 Lakh Personal Loan, which combines modern digital solutions with tailored options for various financial needs. Here are a few features:

1. Highly Flexible Financing

Avail Personal Loans up to Rs. 1 Crore to meet a wide range of financial requirements.

2. Streamlined Money Management

Seamlessly transfer your existing external personal loans to IDFC FIRST Bank, enjoying improved terms and simplified money management.

3. Enhanced Security with Optional Insurance

Safeguard your IDFC FIRST Personal Loan with optional insurance coverage for added financial security and peace of mind.

Can I Get 4 Lakh Personal Loan Instantly from IDFC FIRST Bank?

Certainly! IDFC FIRST Bank can help you quickly improve your financial situation. Their simple digital approach assures prompt approvals and payments, making your 4 Lakh personal loan instant reality in minutes.

What is the EMI for a 4 Lakh Loan?

To calculate the Equated Monthly Instalment (EMI) for a loan amount of 4 Lakh at an interest rate of 10.75%, we can use the formula:

P x R x (1+R)^N / [(1+R)^N-1]

Here,

P is the loan’s principal amount

R is the interest rate

N is the number of monthly payments

For a 4 lakh personal loan EMI at a 10.75% interest rate, the EMI is about 862.02 for a 5-year term and 516.35 for a 10-year term.

Eligibility Criteria 4 Lakh Loan in IDFC FIRST Bank

Set the framework for your financial aspirations with an instant 4 Lakh loan from IDFC FIRST Bank. 4 Lakh personal loan eligibility of IDFC FIRST Bank is as follows:

For Salaried Individuals:

• Minimum Age: 23 years
• Maximum Age: 60 years or retirement, whichever comes first at the time of loan maturity.

For Self-Employed Individuals:

• Business existence: Minimum 3 years
• Minimum Age: 25 years
• Maximum Age: 65 years at the time of loan maturity.

Documents Required 4 Lakh IDFC FIRST Bank loan

Secure an immediate 4 Lakh loan from IDFC FIRST Bank of Personal Loans using our simple digital process. Ensure a smooth application process by providing the following 4 Lakh personal loan document IDFC FIRST Bank:

• Valid KYC documents
• RBI Approved Account Aggregator Process/Bank Statement
• Net Banking or Debit Card details for setting up e-mandate

How to Apply for 4 Lakh Personal Loan From Urban Money?

Follow these steps to request a personal loan of 4 Lakhs from Urban Money:

1. Go to the Urban Money Website

Visit the official Urban Money website and locate the section for IDFC FIRST Bank Personal Loans.

2. Complete Online Application

Fill out the online application form accurately, providing personal and financial details, and specify the desired loan amount.

3. Document Submission

Upload the necessary documents, such as identification proof, income statements, and address verification, following the guidelines of both IDFC FIRST Bank and Urban Money.

4. Choose IDFC FIRST Bank Personal Loan

Select the IDFC FIRST Bank Personal Loan option, and specify the loan amount and preferred tenure.

5. Submit Application

Review the entered information, submit the application, and await assistance from Urban Money in facilitating the loan approval process with IDFC FIRST Bank.