The following are some of the key features of a personal loan of Rs. 1 lakh from IDFC First Bank:
IDFC First Bank 1 Lakh Personal Loan
IFDC First Bank personal loans are available up to Rs. 10 lakh at an attractive interest rate starting from 9.99% p.a. The loan comes with flexible repayment tenure ranging between 9 to 60 months, requires minimal documentation and can be foreclosed anytime with zero foreclosure charges.
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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%
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Features of 1 Lakh IDFC First Bank Personal Loan
Interest Rates for 1 Lakh IDFC First Bank Personal Loan
IDFC First Bank personal loan interest rate starts at 9.99% p.a. for applicants availing a loan amount of Rs. 1 lakh. However, the interest rate offered to an applicant might vary depending on the credit profile of the applicant, income and employment stability, loan amount and tenure desired, existing relationship with the bank, etc.
Eligibility Criteria for 1 Lakh IDFC First Bank Personal Loan
The following is the key eligibility criteria for applicants to avail a personal loan of Rs. 1 lakh from IDFC First Bank:
Documents Required for IDFC First Bank Personal Loan of 1 Lakh
You are not required to submit any physical documents to avail a personal loan of Rs. 1 lakh from IDFC First Bank since the bank has a completely digital application process. You just need to present your physical PAN card during the video KYC process.
Fees and Charges for 1 Lakh IDFC First Bank Personal Loan
The following are the key fees and charges associated with a personal loan of Rs. 1 lakh from IDFC First Bank:
| Type of Charge | Fee/Charge |
|---|---|
| Processing Fee | 2% of the total loan amount (incl. GST) |
| Stamping Charges | According to the State’s Stamp Act |
| Penalty on EMIs Overdue | 2% of unpaid EMI |
| EMI Bounce Charges | 7.5% of the EMI/ outstanding amount (minimum Rs. 400 and maximum Rs. 1,000) |
| Payment Swap Charges | Nil |
| Foreclosure Charges | Nil (Foreclosure requires a sanction letter) |
| Part Pre-Payment Charges | Not permitted |
| EMI Pickup/Collection Charges | Rs. 500 |
| Duplicate No Objection Certificate | Rs. 500 |
| Physical Statement of Account | Rs. 500 |
| Document Retrieval Charges | Rs. 500 |
| Cooling-off Period Penalty | Nil for 3 days (Loan can be cancelled without penalty within 3 days) |
| Technical Bounce Charges (Mandate Rejection Technical Bounce Charges) | 7.5% of the EMI/ outstanding amount (minimum Rs. 400 and maximum Rs. 1,000) |
EMI Calculation for Personal Loan of Rs. 1 Lakh for Different Tenures
The following is the EMI calculation of personal loan of Rs. 1 lakh from IDFC First Bank offered at 9.99% p.a. for different tenures. Applicants planning to get a personal loan can calculate the EMI and total interest cost payable throughout the loan tenure using online personal loan EMI calculator.
| Loan Amount | Loan Tenure | Interest Rate (p.a.) | EMI (Rs.) |
|---|---|---|---|
| Rs. 1,00,000 | 1 year | 9.99% | 8,791 |
| Rs. 1,00,000 | 2 years | 9.99% | 4,614 |
| Rs. 1,00,000 | 3 years | 9.99% | 3,226 |
| Rs. 1,00,000 | 4 years | 9.99% | 2,536 |
| Rs. 1,00,000 | 5 years | 9.99% | 2,124 |
Swipe to see more table data
How Can I Apply for a Personal Loan Online?
Get up to ₹40 Lakh in 5 Simple Steps
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
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