Financial emergencies can arise at any time. Personal loans offer a reliable and convenient way tackle such emergencies quickly and with easy access to funds. With digital advancements, applying for a personal loan online has become a quick and seamless process, enabling you to access funds within minutes. IDFC FIRST Bank’s FIRSTmoney smart personal loan takes this convenience to the next level with its intuitive online application process, unique features like zero foreclosure charges, extended tenures, and instant access to amounts of up to ₹10 lakhs. This ensures you get the financial support you need effortlessly.
How to apply for an instant personal loan with FIRSTmoney?
Follow these simple steps to apply for an instant personal loan online with IDFC FIRST Bank’s FIRSTmoney:
Step 1: Scan the QR code
Begin your journey by scanning the QR code provided on the IDFC FIRST Bank website or promotional material. This will redirect you to the loan application portal.
Step 2: Register with your mobile number
Enter your mobile number to create your profile. A one-time password (OTP) will be sent for verification.
Step 3: Confirm basic details to check your eligibility
Fill in basic information such as your income, employment status, and other necessary details. The system will assess your eligibility for the loan in real-time.
Step 4: Choose your loan preferences and link your bank account
Select your preferred loan amount, interest rate, and repayment tenure. Once you have chosen the suitable options, link your bank account for fund disbursal.
Step 5: Receive the loan amount
After verifying your details, the loan amount will be credited to your account within 24 hours, enabling you to address your financial requirements immediately.
Who can apply for a FIRSTmoney smart personal loan?
Anyone meeting the following criteria can apply:
- Age: Anyone between 21 and 60 years.
- Employment: Salaried individuals and self-employed professionals.
- Credit score: A credit score of 730 and above is required for eligibility.
- Documents: Only your physical PAN card is needed during the V-KYC (Video KYC) process..
What are the benefits of a FIRSTmoney smart personal loan?
IDFC FIRST Bank’s FIRSTmoney smart personal loan offers numerous advantages:
1. Seamless online application process
FIRSTmoney offers a completely digital loan application process. Apply effortlessly through an interactive DIY process from the comfort of your home using a smartphone or laptop.
2. Quick disbursal
Once your application is complete and the loan amount is sanctioned, you get access to the funds within a few hours. This ensures that there is no delay in taking care of your financial needs.
3. Competitive interest rate
IDFC FIRST Bank offers affordability as well as flexibility through a FIRSTmoney smart personal loan. With interest rates starting as low as 10.99% per annum, your borrowing becomes cost-effective and convenient.
4. Zero foreclosure charges
Repay your loan in fully anytime without worrying about incurring any penalties. This gives you complete flexibility in loan management.
5. Flexible tenures
Choose repayment tenures ranging from 9 to 60 months, ensuring your EMIs fit within your budget.
Conclusion
Applying for an instant personal loan online has never been easier, thanks to IDFC FIRST Bank’s FIRSTmoney smart personal loan. The step-by-step process is designed for ease, ensuring a hassle-free experience right from submitting your application to the loan disbursal. With benefits such as zero foreclosure charges and flexible repayment options, FIRSTmoney is the perfect choice for those seeking financial flexibility.
Whether you’re planning a dream wedding, managing unexpected medical expenses, or consolidating debt, IDFC FIRST Bank’s FIRSTmoney smart personal loan ensures you’re financially covered. Take the first step today — scan the QR code and access financial support with ease!