IDFC First bank Loan| Instant Loan App| Bank Loan app
So welcome guys to a new blog post of
cryptofinanceinfo, In this post we will get to know about an instant loan app.
This loan app is provided by IDFC first bank. You must have heard this bank’s
name as it has many branches all over the country and is known for its finance
services that this bank provides to its customers all over the country. This
bank also provides instant personal loan to the people without any hesitation
and freely . In this post we will get to know that how this app provides
instant personal loan in just few clicks sitting at your home without doing
much work and going anywhere.
What is IDFC Instant loan ?
So Now we
will know that what is this loan app and how this loan app provides loan to its
users. This loan app is provided by the IDFC bank as you have heard the name of
the bank. This app has over 4.3 rating over the Google playstore platform .
This app has over 1 crore downloads on the platform across the country which is
very very large number by far. This app is also RBI registered NBFCs. The IDFC
instant loan app provides loan on EMI at very low rate of interest . IDFC loan
app also provides many loan offers and can pay the loan amount at the fixed
time. So lets get the whole idea of this app that how it works and what are the
whole criteria to apply for the loan.
Benefits of IDFC Instant loan App:
The first
thing that comes into mind of any user is that what are the benefits that this
loan app provides to take the loan. Some of the benefits of IDFC loan app are
as follows:
·
The
loan can be repayed in the form of EMIs which is a quite good feature.
·
There
are many top ups available for the loan in IDFC loan app.
·
The
tenure rate is quite flexible in IDFC .
·
The
processing fee is quite low that is around 3 %.
IDFC First bank Loan Amount:
Now heading
to the other point of this app that is the loan amount. Now we will get to know
that what are the minimum and the maximum loan amount provided by IDFC first
bank instant loan app.This loan app easily provides a minimum of rs. 20,000 of
loan to the maximum of about rs.75 lakh . This loan amount provided by the app
depends on many factors such as the profile of the person and may more things.
Interest rate of IDFC First instant loan app:
One of the
important thing to keep in mind while applying for any kind of loan whether it
is instant loan, home loan, gold loan etc. is to know that what is the APR that
is the interest rate of the loan. The interest rate of IDFC first loan app is
quite flexible. The interest rate of this loan app ranges from 11 % to 28 % in
which all the term and conditions are there.
Tenure rate of IDFC First instant loan:
So if you
have reached till here then you must also know that what is the tenure rate
that is provided by IDFC First instant loan app. The time for which you borrow
the sum of loan is called the tenure rate. It differs from bank to bank . The
tenure rate provided by IDFC first loan app is 6 months to 60 months that is 5
years.
Features of IDFC First loan app:
Now getting
over to the main features that this instant loan app by IDFC provides t its
users are:
1. The person can check the loan status
of his/her.
2. The user can download the statements
in case required.
3. The person can calculate the EMIs of
the loan pending.
4. You can easily repay the loan .
5. There is also auto repayment system
in this IDFC first loan app.
6. There are many loan offers in this
IDFC loan app.
IDFC First loan app Eligibility:
So the
eligibility plays an important role for anyone to apply for the loan . Thus the
eligibility criteria for IDFC first bank instant loan app are given below:
1. The First and foremost thing to keep
in mind while applying for the loan is that you must be a citizen of India
otherwise there is no chance for you to apply for the loan.
2. The age of the person must be above
23 years, so if you are lower than 23 the this app is not for you you can try
some other apps which we have discussed earlier .
3. The third thing of the eligibility
is that your location must be in the place where you can avail the service
provided by this bank easily otherwise it will be of no use.
Documents Needed for IDFC First Instant loan app:
The
documents needed to apply for the instant loan from IDFC loan app are :
·
The
person must have his/her own ID proof within him/her.
·
The
ID proof like Aadhar card and the PAN card is mandatory so keep in mind to use
these proofs while applying for the loan.
·
In
case if needed, there is also need of the bank details, bank statements, address
proof, salary slips and many more.
How to Apply for loan in IDFC First bank loan app?
So now coming
to the end we are here to discuss that how you can apply for the loan in this
app. Keep in mind that there are several loan apps of the IDFC first bank but the
one we have mentioned above is the original app so take care. This loan app can
provide you many loan like home loan , business loan, study loan and many more.
So the steps to apply for the loan ae:
·
Download
the IDFC first bank Instant loan app from Google Play store.
·
Now
register yourself with the mobile number and fill the OTP.
·
Now
fill all the personal details required and complete the KYC process.
·
Now
chose the loan amount and apply for the loan .
·
If
you are eligible for the loan then the loan will be approved within a day or
instantly so have patience.
·
Once
the loan is approved the loan amount Is directed your bank account.
So these
were all the details related to IDFC first bank instant loan app, hope you liked
the post , till then see you bye.