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IDFC First Bank offers personal loans to salaried employees with attractive interest rates, flexible repayment tenure, and easy documentation. The IDFC First Bank Salaried Employee Personal loan amount can range from ₹20,000 to 1 Crore, depending on the applicant’s credit history, income, and repayment capacity. The loan application process is hassle-free. What’s more convenient, salaried employees choosing the IDFC First Bank Salaried Employee personal loan can apply online. The Bank also provides pre-approved personal loans to eligible customers. Therefore, customers can apply for an IDFC First Bank Salaried Employee instant loan with minimal documentation. Furthermore, there are no hidden charges associated with IDFC First Bank personal loans, making them a viable option for salaried employees in need of financial assistance for personal emergencies.
IDFC First Bank Personal Loan for Salaried Employee – Highlights
Here are the highlights of IDFC First Bank Salaried Employee personal loans.
Feature | Description |
---|---|
Interest Rate | Starting from 10.75% |
Loan Amount | ₹20,000 – 1 Cr |
Tenure | 6 – 60 months |
Any Hidden Charges | No hidden charges |
Comparing IDFC First Bank Loan with other banks
IDFC First Bank is one of the leading banks in India, offering competitive interest rates to all salaried employees. While many banks offer personal loans for Salaried Employees, the interest rates may vary. Here is a comparison of IDFC First Bank Salaried Employee Personal loan interest with other banks.
Feature | IDFC First Bank | Kotak Mahindra | ICICI Bank | Axis Bank | HDFC Bank |
---|---|---|---|---|---|
Interest Rate Minimum | 10.75% | 10.99% | 10.65% | 10.49% | 10.49% |
Interest Rate Maximum | 36% | 36% | 16% | 22% | 24% |
IDFC First Bank Personal Loan for Salaried Employee – Fees and Charges
Here are the IDFC First Bank Salaried Employee personal loan details, such as fees and charges applicable to the loan.
Types of Fees | Applicable Charges |
Processing fees | Up to 3.5% of Loan Amount |
Late payment fees | Up to 2% of the unpaid EMI or up to ₹300, whichever is higher |
EMI Pickup/Collection Charge | Up to ₹500/- |
Physical Statement of Account/Repayment Schedule | Up to ₹500/- per statement |
Loan Foreclosure | 5% of principal outstanding. |
IDFC First Bank Personal Loan for Salaried Employee – Documents Required
Here is a list of IDFC First Bank Salaried Employee Personal loan Document requirements.
- PAN Card or Form 60
- Identity Proof & Address Proof issued by the authority of the State or Central Government.
- Proof of Income – Salary slips of 3 months Salary Slip
- Job Card issued by NREGA duly signed by an officer of the State Government (if available).
- Ownership of collateral (if any) – Sales Deed, latest Electricity bill or Property tax bill, etc.
- ITR of previous 2 years.
IDFC First Bank Personal Loan for Salaried Employee – Eligibility Criteria
Salaried employees can apply for the IDFC First Bank Salaried Employee personal loan online if they meet the Bank’s eligibility criteria. Here are the IDFC First Bank Salaried Employee Personal loan eligibility criteria for all government and non-government salaried employees.
Criterion | Requirement |
Age Group | Minimum 23 years
Maximum 60 years of age at the time of loan maturity. |
Type of Employment |
|
Minimum Income | ₹20,000 |
Credit Score | Minimum score of 700 |
Quick Links
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Bank Wise Personal Loan Interest Rate
- RBL Bank Personal Loan Interest Rate
- DCB Bank Personal Loan Interest Rate
- Reliance Capital Personal Loan Interest Rate
- Federal Bank Personal Loan Interest Rate
- YES Bank Personal Loan Interest Rate
- Deutsche Bank Personal Loan Interest Rate
- IDBI Bank Personal Loan Interest Rate
- karnataka bank Personal Loan Interest Rate
- karur Vysya Bank Personal Loan Interest Rate
- IDFC FIRST Bank Personal Loan Interest Rate
- Kotak Bank Personal Loan Interest Rate
- HDFC Bank Personal Loan Interest Rate
- ICICI Bank Personal Loan Interest Rate
- CITI Bank Personal Loan Interest Rate
- Axis Bank Personal Loan Interest Rate
- HDFC Sales Personal Loan Interest Rate
- IndusInd Bank Personal Loan Interest Rate
- HSBC Personal Loan Interest Rate
- Punjab National Bank Personal Loan Interest Rate
- Union Bank of India Personal Loan Interest Rate
- Punjab & Sind Bank Personal Loan Interest Rate
- Bank of Baroda Personal Loan Interest Rate
- State Bank of India Personal Loan Interest Rate
- Indian bank Personal Loan Interest Rate
- Canara Bank Personal Loan Interest Rate
- Bank of India Personal Loan Interest Rate
- Bank of Maharashtra Personal Loan Interest Rate
- Prefr Personal Loan Interest Rate
- Tata Capital Financial Services LTD Personal Loan Interest Rate
- CASHe Personal Loan Interest Rate
- Ujjivan Small Finance Bank Personal Loan Interest Rate
- Hero FinCorp Personal Loan Interest Rate
- PaySense Personal Loan Interest Rate
- MoneyWide Personal Loan Interest Rate
- Clix Capital Personal Loan Interest Rate
- Edelweiss Financial Services Personal Loan Interest Rate
- Muthoot Finance Ltd Personal Loan Interest Rate
- InCred Financial Services Personal Loan Interest Rate
- IndiaBulls Personal Loan Interest Rate
- DHFL Personal Loan Interest Rate
- IIFL Finance Personal Loan Interest Rate
- FT Cash Personal Loan Interest Rate
- Shriram Urban Co Operative Bank Limited Personal Loan Interest Rate
- Fullerton India Personal Loan Interest Rate
- Loantap Credit Products Private Limited Personal Loan Interest Rate
- L&T Finance Personal Loan Interest Rate
- AU Small Finance Bank Personal Loan Interest Rate
- Tata Capital Housing Finance Limited Personal Loan Interest Rate
- Capital First Ltd. Personal Loan Interest Rate
- Bajaj Finserv Personal Loan Interest Rate
- Aditya Birla Finance Limited Personal Loan Interest Rate
- Poonawalla Fincorp Limited Personal Loan Interest Rate
- Privo Personal Loan Interest Rate