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IDFC First Bank Personal Loan Interest Rates

IDFC First Bank Personal Loan Interest Rates are lower than other financial institutions. You can avail an IDFC First Bank Personal Loan with lowest IDFC First Bank Personal Loan Interest Rates. Your IDFC First Bank Personal Loan Interest Rates will change as per your eligibility criteria. If you have higher eligibility your IDFC First Bank Personal Loan Interest Rates will be low. To make your IDFC First Bank Personal Loan higher you need to have your CIBIL Score at least 750. You salary should be at least 25,000. Your IDFC First Bank Personal Loan Interest Rates starts from 11.50%* to 15.20%*.

IDFC First Bank Personal Loan Interest Rates Calculator

Your IDFC First Bank Personal Loan Interest Rates is calculated through your eligibility criteria. If you have higher eligibility criteria your IDFC First Bank Personal Loan Interest Rates will be lower. And if you have lower IDFC First Bank Personal Loan Eligibility Criteria your IDFC First Bank Personal Loan Interest Rates will be higher.

Reducing IDFC First Bank Personal Loan Interest Rates is not that hard, you just have to follow some rules; if you have higher credit score your IDFC First Bank Personal Loan Interest Rates will be lower. So here are some factors which will affect your IDFC First Bank Personal Loan Interest Rates.

  • CIBIL Score

    CIBIL Score or Credit Score is the most important thing on your IDFC First Bank Personal Loan Interest Rates. If you have high CIBIL Score that means your IDFC First Bank Personal Loan Interest Rates will be low and if you have low CIBIL Score your IDFC First Bank Personal Loan Interest Rates will be high. Your CIBIL Score depends on how you pay your personal loan. To make your CIBIL Score high you need to repay your personal loan on time. And you will get lower IDFC First Bank Personal Loan Interest Rates.

  • Applicant’s Age

    The applicant’s age is one of the most important in IDFC First Bank Personal Loan Interest Rates. The age group for personal loan eligibility is 21 to 60 years old. The younger you are there are much chance that you will have a lower IDFC First Bank Personal Loan Interest Rates. You will even get offers if you are applying for a personal loan in younger age. Your IDFC First Bank Personal Loan Interest Rates will be much lower on younger age.

  • Employment

    Your employment stability matters a lot on your IDFC First Bank Personal Loan Interest Rates. If you are a salaried person your employer also matters as every financial institution have a company list and if your employer is in the CAT A list your IDFC First Bank Personal Loan Interest Rates will be low. And if you are working there more than two years your IDFC First Bank Personal Loan Interest Rates will be low. And if you are self-employed you must run your business at least for five years to have high personal loan eligibility. And if you are working with a top notch company you salary is also high and if you are in a high position that means you will have a bright career ahead so your IDFC First Bank Personal Loan Interest Rates will be low.

  • Existing Debt

    If you are someone who has existing debt on his neck your IDFC First Bank Personal Loan Interest Rates can be higher. As you are already paying EMIs on those and if you are taking a new one this can be your liability and you won’t get any loan if your existing loans has already consumed 40% your monthly income. So it is advisable if you have any existing personal loan you can transfer the balance with the new one and can take a top up loan so your IDFC First Bank Personal Loan Interest Rates can be lower.

  • Geographic Location

    Geographical locations matters a lot on your IDFC First Bank Personal Loan Interest Rates as if you are from metro city you will get lower IDFC First Bank Personal Loan Interest Rates than someone from rural areas. Also some financial institution has red marked on some places so if you are from one of those places your IDFC First Bank Personal Loan Interest Rates will be high.

  • Housing Situation

    If you have your own house there are maximum chances that your IDFC First Bank Personal Loan Interest Rates will be low and your personal loan will be approved but if you are living in a rental house your IDFC First Bank Personal Loan Interest Rates will be high as your monthly income gets lower for that.

*Interest rate and Loan approval are subjected to band discretion and approval.

FAQ's

The IDFC First Bank Personal Loan Interest Rates stats from 11.50%* to 15.20%*
The IDFC First Bank Personal Loan amount starts from RS.1Lakh to 25Lakh
The minimum CIBIL Score for IDFC First Bank Personal Loan is 650.
The maxim tenure for IDFC Bank Personal Loan is 60 months.
The lowest EMI per lakh on IDFC First Bank Personal Loan is 2,187.

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