IDFC First Bank Personal Loan of 6 Lakh

IDFC FIRST Bank provides simple financial options suited to your needs, including a Personal Loan of up to Rs. 1 crore and an affordable 6 lakh loan interest rate beginning at 10.75%. Accept the simplicity of our smooth digital application process, which allows you to apply quickly in minutes and ensures timely access to cash for your various demands.

Let’s look at a glimpse of your IDFC FIRST Personal Loan 6 Lakh:

Feature	Description
Interest Rate	10.75% p.a.
Loan Amount	Up to Rs. 1 Crore
Tenure	Tangible up to 84 months
Any Hidden Charges	Fully transparent terms with no hidden charges

Personal Loan Options for 6 Lakh in IDFC FIRST Bank

Explore tailored financial solutions for 6 Lakh personal loan instant from a diverse range of Personal Loan offerings, thoughtfully designed to seamlessly cater to a variety of requirements and empower your financial journey.

1. Wedding Loans:

Commemorate your special day worry-free – IDFC FIRST’s Wedding Loans offer the financial support required to transform your dream wedding into a reality.

2. Health Loans:

Prioritise your well-being with IDFC FIRST’s Health Loans, covering expenses related to medical treatments and ensuring that your health takes precedence.

3. Consolidation Loans:

Ease the burden of multiple debts with Consolidation Loans from IDFC FIRST, streamlining repayments for improved financial stability.

These 3 are just a few of the options available to apply for your personal loan.

Features of IDFC FIRST Bank 6 Lakh Personal Loan

Explore a blend of state-of-the-art technology and customised financial solutions crafted to meet your varied requirements through the features offered by instant 6 Lakh loan IDFC FIRST Bank. These distinctive features comprise:

1. Personal Loans Up to Rs. 1 Crore:

Unlock financial opportunities with IDFC FIRST Bank, offering Personal Loans up to Rs. 1 Crore to fulfil your diverse needs if you meet the 6 Lakh personal loan eligibility IDFC FIRST Bank criteria.

2. No Collateral/Security Required:

Simplify the borrowing process with IDFC FIRST Personal Loans, which eliminate the need for collateral or security, ensuring a hassle-free borrowing experience.

3. Insurance:

Enhance your financial security by opting for optional insurance coverage, adding an extra layer of protection to your IDFC FIRST Personal Loan.

Can I Get 6 Lakh Personal Loan Instantly from IDFC FIRST Bank?

Yes, you can secure immediate financial empowerment with IDFC FIRST Bank. Their effective digital system ensures rapid approvals and payments, changing your 6 Lakh Personal Loan into a reality in a few seconds.

What is the EMI for a 6 Lakh Loan?

To calculate the Equated Monthly Instalment (EMI) for a loan amount of 6 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 6 Lakh Personal Loan EMI at a 10.75% interest rate, the EMI is roughly Rs. 12,976.74 for a 5-year term and Rs. 8,628.16 for a 10-year term.

Eligibility Criteria 6 Lakh Loan in IDFC FIRST Bank

Discover the tailored qualifying requirements that pave the way for a quick 6 Lakh personal loan from IDFC FIRST Bank. The qualifying conditions for a 6 lakh personal loan from IDFC FIRST Bank are 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 6 Lakh IDFC FIRST Bank loan

Enjoy a quick 6 lakh loan disbursement from IDFC FIRST Bank with our simple digital method. Ensure a smooth application process by providing the following 6 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 a 6 Lakh Personal Loan From Urban Money?

Follow these steps to apply for a 6 Lakh personal loan from Urban Money:

1. Explore Urban Money Platform

Navigate to the official Urban Money website and find the section dedicated to IDFC FIRST Bank Personal Loans.

2. Complete Online Submission

Finish the digital application form by providing accurate personal and financial details, specifying the desired loan amount.

3. Document Upload

Submit the required documents, including proof of identification, income statements, and address verification, following the guidelines of IDFC FIRST Bank and Urban Money.

4. Opt for IDFC FIRST Bank Personal Loan

Select the IDFC FIRST Bank Personal Loan option and specify the loan amount along with your preferred tenure.

5. Send in the Application

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