IDFC Housewife Personal Loan

Start your financial empowerment journey with IDFC First Bank’s Lakh Personal Loan, which is exclusively designed for homemakers. This tailor-made financial solution caters to the unique needs of women, offering flexibility and convenience. With competitive interest rates and a seamless IDFC First Bank women’s personal loan online application process, IDFC First Bank prioritises your financial well-being. 

Experience the freedom to achieve your aspirations with, whether pursuing further education, renovating your home, or meeting any financial goals. Navigate the path to independence and security with IDFC First Bank housewife personal loan, easily accessible online for a hassle-free borrowing experience.

IDFC First Bank Lakh Personal Loan for Housewife – Highlights

Here is a quick snapshot of IDFC First Bank women’s personal loans: 

Maximum Amount	Rs. 1 Crore
IDFC First Bank Housewife Personal Loan Interest	Starting at 10% p.a.
Type of Interest Rate	Floating
Loan Tenure	Up to 5 years
Collateral Requirement	NIL

Compare Lakh Housewife Loan From Other Bank

Take a look at the comparison between IDFC First Bank women’s personal loan interest and other leading banks and NBFCs.

Lender	Rate of Interest (p.a.)	Maximum Loan Tenure
ICICI Bank	10.50% onwards	Up to 6 years
SBI	10% – 13%	Up to 6 years
Kotak Mahindra Bank	10.99% onwards	Up to 5 years
Axis Bank	10.25% – 21%	Up to 5 years
Bajaj Finserv	13% onwards	Up to 5 years
HDFC Bank	10.50% – 20.40%	Up to 5 years
Tata Capital	10.99% onwards	Up to 6 years
Yes Bank	10.99% onwards	Up to 5 years

IDFC First Bank Lakh Personal Loan for Housewife – Fees and Charges

Following are the  IDFC First Bank homemaker personal loan fees and charges: 

• Processing Fee: 1.50% to 6.5% of the sanctioned loan amount.
• Additional Charges: GST may apply in some cases.

IDFC First Bank Lakh Personal Loan for Housewife – Documents Required

Here’s a quick rundown of IDFC First Bank women’s personal loan document you will need to apply:

• Personal loan application with recent passport-size photographs.
• Copy of your passport/voter ID card/driving licence/Aadhaar card.
• Bank statements for the last three months or past six months’ passbooks.
• Two latest or current dated salary slips with the updated Form 16 as income proof.
• Proof of end use (required in some cases).

IDFC First Bank Lakh Personal Loan for Housewife – Eligibility Criteria

The following are IDFC First Bank women’s personal loan eligibility criteria:

• Applicants must be at least 21 years old at the time of loan application.
• The age limit for loan maturity is 60 years (65 for non-salaried women).
• Employment with select private sector companies or Central/State/Local Government bodies is required for a minimum of 2 years.
• Current employment with the same employer should be for at least 1 year.
• A minimum net monthly income of Rs. 15,000 is mandatory.
• Female applicants for personal loans should have a credit score of 750 or above.
• Applicants must be Indian citizens.
• Housewives applying with a co-applicant must ensure that the co-applicant possesses a stable income, a favourable credit history, and the necessary KYC documents for IDFC First Bank women personal loan apply.