IDFC First Bank Short Term Loan

Small loans, which are alternatively referred to as short-term loans, serve as unsecured personal loans of limited amounts that individuals can utilise to fulfil their minor financial requirements. These loans are conveniently accessible, and borrowers also enjoy the benefit of flexible repayment terms. It comes as no shock, therefore, that short-term loans are becoming increasingly favoured, considering the advantages. IDFC First Bank short-term personal loan

offers competitive interest rates starting at 10.75%, with a completely digital and paperless online application process. Additionally, they provide the option of balance transfer for existing personal loans and credit cards at affordable rates, with a flexible tenure of up to 84 months.

Features & Benefits of an IDFC First Bank Short-Term Personal Loan

The following are some of the key features and benefits of an IDFC First Bank short-term personal loan: 

*Note: The interest rate and other processing costs may vary depending on the loan type and region, as stipulated by the bank’s terms and conditions.* 

Why you should need IDFC First Bank short-term personal loan

IDFC First Bank short-term personal loan provides several advantages to the users. 

• Flexible Loan Tenure
• Minimal Documentation
• Reputable Institution
• No Prepayment Penalties
• Easy Availability

Eligibility Criteria

IDFC First Bank short-term personal loan eligibility criteria is as follows:

Salaried Individuals

Minimum Age: 23

Maximum Age: 60

Self-Employed Individuals

Minimum Age: 25 

Maximum Age: 65

Documents needed for Instant Personal Loans

Documents required for IDFC First Bank short-term personal loan include:

• PAN Card
• ID Proof (Aadhar Card/ Valid Passport/ Driving License/ Voter’s ID Card)
• Utility Bill

Income Document (Salaried/ Self-Employed)

• RBI Approved Account Aggregator Process/ Bank Statement
• Ownership Proof

Things to consider while opting short-term personal loan

Consider the following when choosing a short-term personal loan from IDFC First Bank:

• Interest Rates
• Repayment Flexibility
• Loan Amount
• Documentation and Processing
• Eligibility Criteria
• Credit Score Impact
• Additional Fees

Apply for IDFC First Bank short-term personal loan online

When it comes to applying for a short-term loan from IDFC First Bank, Urban Money is the ultimate companion. Our team of professionals is here to provide comprehensive support throughout the entire application process. Whether it’s filling out the necessary forms or submitting the required documents, we’ve got you covered. To get started, just visit our website at www.urbanmoney.com.