Multiple banks. Different interest rates. Call it a "conflict of interest".
  • loading

    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 39 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    IDFC Bank Personal Loan

    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.

    Apply for Personal Loan

    IDFC Personal Loan Interest Rates

    Particulars Salaried
    Interest rate 11.0% to 14.5% 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

    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 Super Duper Deals – 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 October, 2018 to 31st October, 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 December,2018
    • 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
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with them since there has been a good review about them and the process in getting this loan had been smooth and easy and the loan amount also had been good as well. I had submitted all the documents online and it was easy. The interest rate with them has been nominal when compared with the market rate, the customer support and the staff responses also had been good as well.
      Was this review helpful? 2
      , pune
      Reviewed on Sep 26, 2018
    • IDFC Bank Personal Loan
      "Fulfill the prosmises"
      0.5 5.0/5 "Blown Away!"
      It has been one of the best experience in getting this Personal loan through them, it took just 4 days in getting this loan. They had made good follow ups during the process, the loan amount which they had provided had been satisfactory and the interest rate also had been good comparatively. Their staffs where responsive and had been polite and helped me during the process.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 25, 2018
    • IDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My loan amount was taken with IDFC BANK , the process of getting loan was delayed they promise to get in 3 days but got after 20 days . They offered 11.5% of rate of interest and it is nominal in the market . Loan amount was 300000 and it is sufficient to me and tenure period is 5 years.
      Was this review helpful? 3
      , pune
      Reviewed on Sep 16, 2018
    • IDFC Bank Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have taken a personal loan with IDFC bank and my experience was good, the process took 20 days to complete and the customer service was very good with this bank. The loan amount was for Rs 4.6 lakhs with nominal interest rate and the tenure period for this loan is 3 years.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 12, 2018
    • IDFC Bank Personal Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      My loan amount was taken with IDFC BANK , the processing fee is to high with this bank it is 7500 and tenure period is 5 years . They provide foreclose option too and loan amount is up to the mark . Rate of interest is 11.5% with this bank . It has been good experience with this bank .
      Was this review helpful? 3
      , gurgaon
      Reviewed on Sep 11, 2018
    • IDFC Bank Personal Loan
      "More than satisfied"
      0.5 5.0/5 "Blown Away!"
      IDFC bank is supportive in the personal loan experience. They collected the documents on time and the loan was provided as needed. The rate of interest is around 11.25% and there was a minimal processing fee taken. In all everything was good for me.
      Was this review helpful? 1
      , noida
      Reviewed on Sep 10, 2018
    • IDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this loan has been easy and smooth and the loan amount which they had provided also had been satisfactory as well. The interest rate which they had charged has been a little high when compared with the market rate. I had taken this loan for the personal purpose.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Sep 07, 2018
    • IDFC Bank Personal Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      It was a hassle free experience with IDFC bank for personal loan, documents were collected on time and the customer support was good. The loan amount was for Rs 2 lakhs with the tenure period of 2 years. The rate of interest is little high when compared to other banks.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 27, 2018
    • IDFC Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with IDFC bank. The process was very good and the loan amount was 3 lakhs . The tenure period was 5 years . The customer service and responses was very good. The Representative was very helpful and very informative too. I didn't not face any issues here.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 27, 2018
    • IDFC Bank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      I have taken the personal loan from Idfc bank, initially I did not get any help from this on line tool regarding my loan process, at last bank executive called and processed my application and fulfilled my requirements the rate of interest differed from what was told and given.
      Was this review helpful? 1
      , pune
      Reviewed on Aug 25, 2018
    • IDFC Bank Personal Loan
      "LESS INTEREST RATE "
      0.5 4.0/5 "Great!"
      At the time of applying the loan they said like its they will be giving of 2 lakh amount but they approves only , 1.5 lakh , they informed that as i am staying in pg and also i am unmarried they can approve up-to 1.5 lakh., which i do not feel its a proper reason.
      Was this review helpful? 2
      , bangalore
      Reviewed on Aug 14, 2018
    • IDFC Bank Personal Loan
      "EXCELLENT LOAN "
      0.5 5.0/5 "Blown Away!"
      I had a excellent prompt service , very cooperative, from the bank end , rate of interest can be reduced further, i have taken this loan for 60 months period, processing was very smooth and fast, they also provided very much good support till i get the loan.
      Was this review helpful? 1
      , faridabad
      Reviewed on Aug 14, 2018
    • IDFC Bank Personal Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      On time documentation and processing was done, also it was very simple, i have taken this loan for 4 years, ROI is also very low when compared with the other banks, everything was up to the mark and they completed it in the first stage itself...
      Was this review helpful? 2
      , chennai
      Reviewed on Aug 14, 2018
    • IDFC Bank Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      My personal loan is with IDFC Bank and it was a good experience. The process is good and the loan was provided to me on time and as needed. The rate of interest is around 11% and there was a processing fee plus insurance. The tenure is for five years.
      Was this review helpful? 3
      , bangalore
      Reviewed on Aug 11, 2018
    • IDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with IDFC1 year back. The loan amount was 1 lakh and the interest rate was very satisfactory . The tenure period was 2 years . I had a very satisfactory loan process and the documentation was very smooth. The processing fee was very nominal and the loan was approved on time,
      Was this review helpful? 7
      , bangalore
      Reviewed on Aug 03, 2018
    • IDFC Bank Personal Loan
      "The service is excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken loan with IDFC BANK and my loan experience was good. My loan amount is 300000 and interest rate is 12% and it is satisfactory.There are no hidden charges. I use to pay 6743 as EMI per month and tenure period is 5years. .The process was so smooth at the time of documentation, i did not face any problems.
      Was this review helpful? 4
      , new delhi
      Reviewed on Jul 31, 2018
    • IDFC Bank Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have chosen to go with them since the interest rate with them had been good and the process in getting this loan had been smooth and easy. It has taken a weeks time in getting this loan and the loan amount which they had provided had been satisfactory as well. Their staff and the customer support had been very good.
      Was this review helpful? 3
      , chennai
      Reviewed on Jul 26, 2018
    • IDFC Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with IDFC bank 1 year back . The loan amount was 2.3 lakhs and the interest rate was satisfactory and the tenure period was 3years . The customer service and responses was up to the mark.I have not faced any issues with the documentation here .
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 05, 2018
    • IDFC Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have approached IDFC bank for my personal loan. The interest rate was very high here so i have canceled the application. The loan amount was 10 lakhs and the interest rate was very high . The customer service and responses was good. My experience was not good.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 27, 2018
    • IDFC Bank Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      I do have the personal loan with the IDFC bank and the rate of interest is 11%, also the customer service is good one and they are better with the charges. I dont have any issues with the IDFC bank and am really happy with them till now.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 27, 2018
    Common Loader Icon

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Loading your search...
    Close

    Compare, check your eligibility and apply online instantly.

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.