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Apply IDFC Bank Personal Loan at lowest Rate of interest

About IDFC Bank

IDFC Bank Ltd.is a private banking company headquartered in Mumbai, which forms part of IDFC, an integrated finance company. IDFC Bank is India's newest universal bank. As a young bank embracing innovative thinking and cutting edge technology, they are creating a new standard in service, experience and redefining the banking industry. IDFC Bank is to install 30K micro ATMs, 75k Aadhaar pays merchant points, in 3 months in 25 states in India. IDFC Bank started operations on 1st October 2015. IDFC Bank received a universal banking license from the Reserve Bank of India (RBI) in July 2015. IDFC Bank was listed on BSE & NSE recently on 6th November 2015. Being considered one the fastest emerging private sector bank in India, IDFC Bank provides banking and financial services to the customers.

IDFC Bank provides a choice of 2 personal loan product to its customers like IDFC Bank Simple Personal Loan, and IDFC Bank Smart Personal Loan while keeping in mind the rising expenses and needs with lowest interest rates, quick and hassle free approvals. IDFC Bank provides a personal loan to individuals in order to fulfill certain unavoidable expenses such as home renovation, vacations, higher education funding, unexpected medical emergencies etc. Personal loan in IDFC Bank is available without any security or collateral to ensure quick repayment of the personal loan amount. IDFC Bank Personal loans are made available to the customers in 2 variants like IDFC Bank Simple Personal Loan and IDFC Bank Smart Personal Loan. Getting a personal loan in IDFC Bank is made simple and fast as the application process is hassle free to ensure easy and quick approval of the personal loan. Getting an IDFC bank personal loan in Bangalore is very easy as the customers can avail for IDFC bank personal loan online by sitting at home with minimum documentation, quick loan sanctions, monthly EMI calculators and much more features.

Key Features of IDFC Bank Personal Loan

  • IDFC Bank personal loans are a multipurpose loan which can be taken for any occasions such as weddings, home renovations, higher education funding, emergency health issues etc.
  • IDFC Bank offers 2 types of Personal Loans to their customers like IDFC Bank Simple Personal loan and IDFC Bank Smart Personal Loan.
  • IDFC Bank Personal Loans are easy loans which can be availed by the customer without any collateral security
  • IDFC Bank Personal Loan comes with lower interest rates, smaller EMIs and easier for the customer to repay the personal loan amount.
  • IDFC Bank offers personal loans with flexible repayment options and also offers part prepayment of the personal loan at zero cost.
  • IDFC Bank Personal Loans can be availed from a minimum of Rs.50, 000 to a maximum of Rs.20 Lakhs with easy loan repayment options ranging from 3 months up to 60 months.
  • IDFC Bank offers personal loans with easy documentation process with 100% transparency.
  • There is absolutely no hidden charges, reasonable and lowest processing fee and convenient repayment options.
IDFC Bank personal loan interest rate in Bangalore as on
Service type Service Charges
Interest rate Starting from 11.00% - 19.50%
Loan Processing charges Up to 2.5% of the loan amount
Prepayment Allowed after 3 EMI's, Nil charges for part payment upto 25% in a year for Smart Personal Loans
Foreclosure Charges Allowed after 1 EMI's, 2 - 2.5% of outstanding amount
Required documents to apply IDFC Bank Personal Loan in Bangalore
  • Identity Proof: copy of passport/voter ID card/ driving license
  • Address Proof: Copy of ration, telephone or electricity bill/rental agreement/passport
  • Bank statement for last 3 months/passbook for last 6 months
  • Latest salary slip / current dated salary certificate with latest form 16
  • Photograph and PAN card photocopy
  • Education proof / Employment proof
IDFC Bank Simple Personal Loan

IDFC Bank Simple Personal loan is a basic loan which is applicable only for the salaried segment.

Features of IDFC Bank Simple Personal Loan:

  • Best Competitive rates offered
  • Call on assistance service available 24 hours a day and on all days of the week.
  • Loan tenures start from 3 months up to 60 months.
  • Includes multiple insurance covers including personal accident insurance, critical illness, job loss cover and death cover.
IDFC Bank Smart Personal Loan

IDFC Bank Smart Personal Loan allows the customers to repay the loan amount according to their convenience, enabling the customers to clear the loan faster and save on interest payments.

Features of IDFC Bank Simple Personal Loan:

  • Part –payment facility offered free of cost. You can clear your loan in part or full without extra charges.
  • Call on assistance service available 24 hours a day, 7 days of the week.
  • Loan tenures start from 3 months up to 6 months.
  • Includes multiple insurance covers including personal accident insurance, critical illness, job loss cover and death cover.

IDFC Bank Personal loan bangalore customer reviews

  • I had a great experience; I received a call from IDFC Bank Personal loan team with your nice warm welcoming words, a great experience in my life. I am very happy for the same... I hope you would be giving this type of services for a long time, very great work, Keep it up!!!
    Sangeetha

  • Very quick and transparent service from IDFC Bank personal loan team. I got my personal loan approved in just 2 days with a low rate of interest and just 0.5% processing fee. I would surely recommend to everyone.
    Karishma

  • I recently availed an IDFC Bank Personal loan last year and I must say the service was extremely fast and smooth.
    Kranthi Kumar

  • I have taken the IDFC Bank personal loan and I got with less interest rate and cash back offer. Good job. Keep it up.
    Girish Nair

  • It was very helpful for me to know the market information on the rate of interest, processing fee and other charges required for a personal loan in Bangalore.
    Prema Kumar

  • Thank you IDFC Bank for providing an overall experience and customer support.
    Ramakanth

  • IDFC bank personal loan service in Bangalore helped me in getting the loan faster with good interest rate and in good time.
    Sameer Ahamed

  • Well organized, committed and dedicated service from IDFC Bank, I got my personal loan approved within 2 days with low-interest rates
    Vasanth Kumar

  • Myself, Sunil from Bangalore, thanks to IDFC Bank personal loan service in Bangalore, I went on a dream vacation with my family recently.
    Manjeeth Kumar

  • I applied for an IDFC Bank personal loan in Bangalore and it was processed within a week at the very low-interest rate. Kudos to IDFC Bank
    Prema Kumari

  • Hi, I am Suraj from Bangalore. I had applied for a personal loan from IDFC Bank and I am very happy. Very good guidance for the customer, and compared to the market very good behavior of my loan representative, I got my personal loan approved within 3 days.
    Suraj

  • Interest rates are very good and best in the market compared to other banks... Also, the officials are very cooperative. I got my personal loan approved within 4 days.
    Anwar

  • Thanks to IDFC Bank. Their Interest rate, fees and charges, pre-sales service and post-sales service and overall service is best and excellent. Keep it up
    Naresh

  • I applied for personal loan 3 months back. It was approved within a week. The process is very hassle free. The rate of the loan is also lesser than the market rate. Would surely recommend to my relatives and friends
    Ankeeth

Frequently Asked Questions(FAQ)

IDFC Bank Frequently Asked Questions(FAQ)

What is the amount of interest charged by IDFC Bank on my personal loan?

IDFC Bank personal loan interest rates start from 11.00 % to 19.50%

What are the minimum and maximum tenure for repaying my IDFC personal loan?

It would be minimum of 3 months to a maximum of 60 months.

What is the lowest EMI should I pay?

Your lowest EMI would be around Rs. 2,174 per lakh

What are the minimum and maximum loan amount?

IDFC Bank offers personal loan from as low as RS.10, 000 to a maximum of Rs.2.5 Lakhs

What is the processing fee, age eligibility for IDFC Bank personal loan?

Processing fee would be 2.5% plus tax and the applicant should be at least 25 years old at loan approval time and 60 years old at maturity time.

What are pre payment charges on IDFC Bank personal loan?

Pre payment charges vary by year. 2nd year- 4%, 3rd Year- 3% and after 3 years- 2%

Will you allow my wife’s income to be included in calculating the personal loan amount?

Yes, you can include your wife’s income provided she guarantees the personal loan amount you have applied.

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