Multiple banks. Different interest rates. Call it a "conflict of interest".
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    IDFC Bank Personal Loan

    IDFC Bank offers personal loans at attractive interest rates and with flexible tenures. Paperless approval of the loan is also possible. Some of the key features of the loan include low pre-closure charge and top-up loan facility.

    We found 1 IDFC Bank Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    IDFC Bank Personal Loan is Rated as "Excellent!" by 60 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    IDFC Bank offers a personal loan product that will assist you in meeting your multiple needs easily. You can enjoy flexibility with this loan as it allows you to choose your tenure. You can also go for flexible EMIs and even modify it according to your requirements and preferences. With 86 branches in the country, you can approach any branch to get a loan conveniently.

    IDFC Personal Loan Interest Rates

    Particulars Salaried
    Interest rate 11.50% to 13.50% p.a.
    APR 12% to 19% p.a.
    Pre-closure fee 3% of outstanding loan amount (plus GST)
    Processing fee Up to 1% of loan amount
    Loan tenure 1 to 5 years
    Apply for Personal Loan

    Key features of IDFC Bank Personal Loan

    • The interest rate for IDFC Bank Personal Loans ranges from 11.0% to 14.5%. The minimum APR is 12% and the maximum APR is 19%.
    • The bank follows a fixed interest rate for its personal loans.
    • The loan tenure for this product ranges from 1 to 5 years.
    • You can enjoy paperless approval for IDFC Bank Personal Loan.
    • You do not have to get any guarantor to apply for this loan.
    • You will be required to pay low pre-closure charges if you decide to pay your loan early.
    • You can also enjoy a part-payment facility, a top-up loan option, and a balance transfer facility with an IDFC Bank Personal Loan.
    • You can repay this loan through installments on a monthly basis within a period of 5 years. Your EMI will be fixed as per loan tenure and loan eligibility.
    • When you enquire about this loan on BankBazaar.com, you will get an e-approval within just 30 minutes while you sit comfortably at home. You will also receive door-step service.
    • You can protect your IDFC Bank Personal Loan with loan protect and insurance facility with several reliable covers.
    • When you choose IDFC Bank Personal Loan, you can enjoy savings on your EMI and processing fee.

    Fees and charges for IDFC Bank Personal Loan

    • The processing fee for this loan is up to 1% of the loan amount. For loans of up to Rs.7.5 lakh, the processing fee will be 1% of the loan. For loans above Rs.7.5 lakh, the processing fee can be lesser than 1% of the loan amount.
    • The pre-closure fee is 3% of the outstanding loan amount (plus GST).
    • You will not have to pay any charges for part-payment of 40% of loan amount per year (conditions apply).

    GST and other government taxes, levies, etc. as per prevailing rates will be applied over and above the fees and charges.

    Types of IDFC Personal Loans

    IDFC offers a choice of 3 personal loan products wherein you can choose one that best suits your needs and requirements. The personal loan products available are as follows:

    • Simple Personal Loan
    • Smart Personal Loan
    • Personal Loan Balance Transfer

    IDFC Bank Simple Personal Loan

    IDFC’s Simple Personal Loan is a basic loan offered to customers who are looking for a loan that is quick as well as easy. This loan is only applicable for the salaried segment.

    Features of IDFC Simple Personal Loan

    • Banker-call-on-assistance service is available 24 hours a day and on all days of the week.
    • Loan tenures start from 3 months. You can choose a flexible tenure of up to 60 months.
    • This loan offers multiple insurance covers including personal accident insurance, critical illness cover, job loss cover and death cover.

    IDFC Bank Smart Personal Loan

    The Smart Personal Loan allows you to make payments on the loan according to your convenience. Using the part-payment facility, you can repay your loan faster and save on interest payments.

    Features of IDFC Smart Personal Loan

    • A part-payment facility is offered with this loan product. You can repay your loan in part or full without being charged extra.
    • Competitive rates offered.
    • Banker-call-on-assistance service is available 24 hours a day, 7 days a week.
    • Loan tenures starting from 3 months onwards. You can choose a flexible tenure of up to 60 months.
    • This loan offers multiple insurance covers including personal accident insurance, critical illness cover, job loss cover and death cover.

    IDFC Personal Loan Balance Transfer

    With the Personal Loan Balance Transfer facility, you can transfer the balances from all your current loans to IDFC Bank and repay all your loans in one place at competitive interest rates.

    Features of IDFC Personal Loan Balance Transfer

    • You can consolidate all your existing unsecured loans into a single IDFC Bank loan account.
    • Your payments will be consolidated into a single EMI.
    • Enjoy a better interest rate when consolidating all your debt into a single loan account.
    • You can choose between the simple and smart loan products to avail the balance transfer facility.

    Important points to note regarding IDFC Bank Personal Loans

    • IDFC Bank Personal Loans are unsecured loans. You do not have to provide any collateral, security or guarantee to apply for your loan.
    • You can apply for a personal loan amount between Rs.50,000 and Rs.20 lakh. The approval will depend on your income and capacity to repay the loan. However, you can apply for a larger loan amount if you club your income with the income of your spouse.
    • Upon submitting the application form with the required documents correctly, the bank will approve your personal loan and disburse the loan amount within 7 business days.
    • Repayment of IDFC Personal Loans will be done in EMIs (Equal Monthly Instalments) through EFT (Electronic Fund Transfer) from another bank account of your choice. You also have the option of repaying the loan through Standing Instruction to debit the EMI from your IDFC Bank account.
    • Part-payment facility is only available with Smart Personal Loan. The part-payment must be made through EFT into your loan account. Part-prepayments should be self-funded and not paid using balance transfer. This facility is not available for Simple Personal Loans.

    With an array of personal loan products offered by IDFC Bank, you can choose a loan that best fits your financial requirement.

    IDFC Bank Personal Loan - Super Duper Deals – December’18

    IDFC Bank is an integrated infrastructure, private-sector bank that caters to its customers with multiple banking products across various segments. Known for offering banking products at affordable prices, the bank has created a huge client base including both corporate and private customers. IDFC offers personal loans at attractive interest rates that are not only easy to apply for, but are also disbursed quickly for the convenience of the customer.

    If you don’t want to step out of your house and go through the time-consuming process of personal loan application, you can file for your personal loan from the official website of BankBazaar. BankBazaar not only eliminates the legwork required for an offline loan application process but also offers multiple additional benefits to its clients.

    BankBazaar Diwali Bonus Wali December’18 Flash Sale on IDFC Bank Personal Loan

    BankBazaar - in partnership with Amazon - is launching a Super Duper Deals in the month of December’18 to help customers apply for their personal loan and other loan products online without having to get out of the house. The company promotes paperless transactions and offers its customers excellent deals and vouchers when they apply for any banking product of select banks through its official website.

    During the Super Duper Deals, when a customer applies for an IDFC Bank Personal Loan, he or she will be eligible to receive an Amazon gift voucher worth Rs.750.

    How to Apply for This Offer?

    In order to receive an Amazon gift voucher during the BankBazaar Super Duper Deals, you just have to follow the below mentioned steps:

    • You will have to open the official website or mobile app of BankBazaar
    • You can check the details of the personal loan products of IDFC Bank at the website
    • Select the loan product as per your requirement, convenience, and repayment ability
    • After this, you have to apply for the selected personal loan through the BankBazaar website
    • Once you complete the application and the loan is disbursed, you will receive a Rs.750 Amazon gift voucher
    • You will receive an email containing the gift voucher at the email ID that you provided while filling the loan application form
    • Now, you can redeem your voucher by visiting the official website or mobile app of Amazon India

    Terms and Conditions of the Offer

    • The offer is valid only when loan product applications are done through the BankBazaar website or app from 1st December, 2018 to 31st December, 2018
    • Only one voucher is applicable for each applicant per loan product
    • The minimum age of the applicant should be 18 years
    • The candidate should fulfill all the applicable eligibility criteria stated by the bank
    • The loan amount is disbursed at the sole discretion of the concerned bank
    • The Amazon gift voucher is offered to customers only if their loan is disbursed on or before 15th February,2019
    • The gift voucher will be dispatched within 45 working days since the date of loan disbursal
    • The voucher is applicable only for exclusive banking products from select banks
    • The coupon mailer will contain the expiration details of the Amazon voucher

    IDFC Bank Personal Loan Reviews

    • IDFC Bank Personal Loan
      "Good In service"
      0.5 5.0/5 "Blown Away!"
      This is the first time ,i am with IDFC bank. I was looking for loan and i applied with IDFC. There was a bit delay on my application. But things were taken care and i have got my loan amount sanctioned. I would suggest Bank to be quick in response..
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 09, 2018
    • IDFC Bank Personal Loan
      "Good In Service"
      0.5 5.0/5 "Blown Away!"
      I had applied for a personal loan with IDFC bank and my application was taken care. The procedure didn't took much time and it was processed quick.The rate of interest seems reasonable and i am happy with the services. This is my first loan with IDFC.
      Was this review helpful? 0
      , surat
      Reviewed on Dec 09, 2018
    • IDFC Bank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      It was a good experience with IDFC for the personal loan. I got the loan in 10 to 15 days and the loan was as expected. The customer support and response is fine and there are no issues. The rate of interest and processing charges is nominal and it can be made better.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 09, 2018
    • IDFC Bank Personal Loan
      "Good In Service"
      0.5 4.5/5 "Excellent!"
      I applied for a personal loan with IDFC bank and my application was considered and was taken care. There was no delay and my loan was approved on time. The interest rates are reasonable. This is the first time with IDFC bank and i hope it serves better.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 08, 2018
    • IDFC Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan through IDFC BANK , the Application process was smooth and the loan amount was credited to my account with in few days. The documentation was also very fast. I am happy with their services considering the loan experience. The tenure period is 5 year .
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 07, 2018
    • IDFC Bank Personal Loan
      "Good Loan"
      0.5 4.0/5 "Great!"
      Received my personal loan on time. They have offered me a processing fee of 3000 which is nominal and interest rate of 11% which I'm happy about it. The documentation done through online and its good and the verification process went smoothly. I have applied the loan amount of Rs. 3.5 lakhs and within 1 week i have received my loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 07, 2018
    • IDFC Bank Personal Loan
      "Very good Service"
      0.5 4.5/5 "Excellent!"
      Idfc bank giving good service for their financial service , where they responded well . Am satisfied with the loan amount which they have given based on the amount which i have been asked for . They have charged for processing fees of rs 10000 where insurance been included . I have chosen the tenure period of 5 years .
      Was this review helpful? 0
      , jalandhar
      Reviewed on Dec 06, 2018
    • IDFC Bank Personal Loan
      "Go with the bank"
      0.5 5.0/5 "Blown Away!"
      They have timely communicated with me. Whatever the query i have they have responded well. I bought my loan with IDFC 1 month back. They have offered me a interest rate of 10.25% and the processing fee they have charged me around Rs. 4500 which is nominal for me. I have applied the loan amount of Rs. 9.25 lakhs and i have received the same. There was issue with verification process and the customer representative helped me in that.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 05, 2018
    • IDFC Bank Personal Loan
      "Good personal experience"
      0.5 4.5/5 "Excellent!"
      They have offered me a interest rate of 13%. Because of the lower rate of Interest and fast availability i have selected the IDFC bank for my personal loan. I have got the loan amount of Rs. 5 lakhs and they have charged me a processing fee Rs. 7000 approximately. I have received my loan on time.
      Was this review helpful? 0
      , jodhpur
      Reviewed on Dec 05, 2018
    • IDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      It was an average experience with IDFC bank for personal loan, the process took 2 weeks to complete. I expected the loan amount for Rs 7 lacs but they approved for Rs 3 lacs with nominal interest rate and the tenure period is 2 years. Customer service was good and they collected documents on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 04, 2018
    • IDFC Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had chosen to go with them since there has been less interest rate with them. The process in getting this loan has been good and the loan amount which they had provided has been sufficient. There has been a processing fee which was charged by them, which was nominal and there has not been any charges made by them.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 04, 2018
    • IDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this loan has been good and the loan amount which they had provided has been sufficient as well. The interest rate with them has been nominal and there has not been any additional charges which they had made so far. Overall their services has been up to the mark.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 04, 2018
    • IDFC Bank Personal Loan
      "Need to reduce ROI"
      0.5 4.0/5 "Great!"
      My personal loan application was approved with IDFC bank and the experience was good, the process took 1 week to complete. The rate of interest was high when compared to other banks. Customer service was good and they responded on time. Tenure period for this loan is 3 years.
      Was this review helpful? 1
      , kanpur
      Reviewed on Dec 03, 2018
    • IDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was approved with IDFC bank and the experience was good, the process took 1 month to complete and the rate of interest was nominal when compared to others. I requested the loan amount for Rs 5.5 lacs but they gave only Rs 5.09 lacs. Customer service was good and they responded on time.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 19, 2018
    • IDFC Bank Personal Loan
      "Satisfied loan"
      0.5 4.0/5 "Great!"
      I have taken the personal loan with IDFC 1 month back. I'm happy about the interest rate which is provided me that is 12.5% and the processing fee was 1%. The documentation was done through online and they had come and collected the documentation in the verification part. I've asked them about the partial payment they have asked me to pay in the branch but I'm not clear about it. The process is not clear with IDFC.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 18, 2018
    • IDFC Bank Personal Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      The loan amount is not sufficient with the IDFC BANK where they haev given the rate of interest of 12% added on that the reason for taking this loan is they are providing with good offer. The duration is for 4 years to repay the loan. The documentation process is simply to get the loan.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 16, 2018
    • IDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have applied a personal loan with IDFC Bank through online channel. The bank has processed the loan at 3-4 days. I am satisfied with the interest rate. I can do a pre closure at 3% after 3 months. The loan duration is 5 years. I need to pay Rs.4400 approx through ECS. The documents are submitted online and to executive.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Nov 12, 2018
    • IDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with them since it has been very simple in getting a loan through them and i already had a bad experience with another bank. The process in getting the loan has been smooth and they had been cooperative and they had been very much on time. The services which they had provided has been too good and the loan amount and the interest rate has been good as well.
      Was this review helpful? 1
      , amritsar
      Reviewed on Nov 08, 2018
    • IDFC Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      The process is good and also it is a simple process to apply for the personal loan through online and i have taken the loan with easy process. The loan amount given was satisfactory also added on that the rate of interest is nominal. The customer support is good.
      Was this review helpful? 1
      , jodhpur
      Reviewed on Nov 04, 2018
    • IDFC Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The process of getting the person loan with the IDFC BANK is quick and also i got loan amount which is sufficient. The rate of interest is higher than others when compared to the others. I am using from last 1.5 years and the duration is for 2 year.
      Was this review helpful? 2
      , mumbai
      Reviewed on Oct 30, 2018
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