Usually, you need to take the following steps to apply for an IDFC First Bank Personal Loan:

1. Fill the application form of IDFC Bank.
2. Submit key documents like KYC and Financial which are related to salaried individuals.
3. Loan eligibility of the applicant is determined based on the candidate worthiness of the applicant and his or her cibil score.
4. IDFC Bank Provide the Sanction letter which has loan amount, Interest rate, Tenure, emi Payable another terms and condition.
5. Finally after completion of the disbursement process IDFC Bank issues a cheque in favour of the applicants.

When you apply for an IDFC First Bank Personal Loan there are a few documents that you need to submit. They are given in the table below:

Because it is fast and easy to sanction for the customer who has healthy financial records.

After submitting all required documents determining your loan eligibility, it takes about 5 to 7 working days for the personal loan to be sanctioned by the bank.

A minimum CIBIL score of 700 is what you need to secure a IDFC First Bank Personal Loan.

The minimum personal loan amount sanctioned by IDFC First Bank is Rs 1 lakh and maximum 5 lakh.

It is not necessary to have a co-applicant while applying for an IDFC First Bank. However, if you have one it helps improve your loan eligibility and ‘Creditworthiness’ to your lender.

In case of Personal Loan which is an unsecured loan, the interest rates remains fixed during the entire tenure of the loan period.

Usually, when you possess IT returns for three financial years that you can show IDFC First Bank, the chances of you securing a personal loan from this bank increases significantly. However, you can still secure an IDFC First Bank Personal Loan, if you do not have IT returns for three financial year, provided you seek a small loan amount and possess a good ‘CIBIL’ score.

After submitting all the necessary documents, and getting it approved via sanction letter, your loan amount will get disbursed in 2-3 working days.

There are few additional details about the IDFC First Bank Personal Loan that you need to know given below: 

1. Types of IDFC First Bank Personal Loan:

   There are several types of IDFC personal Loans available. They are as given below: 

   1. IDFC First Bank Personal Loan for Marriage:

       It is a personal loan package curated by IDFC specifically to help you finance marriage related requirements. 

   2. IDFC First Bank Personal Loan for Travel:

      This personal loan scheme presented
      by IDFC First Bank to finance your vacation/travel requirements. 

   3. IDFC First Bank Personal Loan for Emergency:

       It is an IDFC First Bank program to help you finance emergencies that you may have to face. 

   4. IDFC First Bank Personal Loan for Medical Loans:

      To help you finance your medical needs in terms of hospitalization, treatment etc IDFC First Bank provides for Personal Loan for medical requirements. 

   5. IDFC First Bank Consolidation Loans:

       For helping you repay a wide range of dues IDFC First Bank presents to you this program. 

   6. IDFC First Bank Loan Balance Transfer:

       It is to provide you with the opportunity to transfer existing personal loans to IDFC First Bank that this program is initiated by this banking institute. 

   7. IDFC First Bank Small Personal Loans:

      This program is designed to  help fulfill small capital needs of applicants.