IDFC Bank – started its operations on October 1, 2015, and has around 100 branches all over India. Its robust working has made it grow into a most sought-after financial institution. Bank serves corporate and private customers and was first in India to launch Aadhaar linked cashless merchant solution.

Bank offers personal loan for customers who are looking for financial aid on medical exigency, wedding expenses, vacation, renovation of home or office, upgrading home appliances or accessories.

The best feature of the Bank is they let the customer know if they are eligible for a personal loan in 2 minutes through their online portal

Bank provides loan amount from 1 lakh to 40 lakhs with the paperless sanction. Tenure starts from 12 months to a maximum of 84 months. Rate of interest starts from 10.75%. Bank issues loans for customers who are aged from a minimum of 28 years and Maximum of 68 years at the time of loan maturity

Documents required from Bank to process are KYC details and ITR for 3 years, Income Proof (Salary Slips, Bank Statement) Business Proof (Establishment Certificate and License)

Bank provides top-up facility when customers require additional financial aid. Transfer of loan from different Bank to IDFC is also available for customers on an attractive rate of interest.