Quick financial assistance in India
IDFC FIRST Bank: Instant Loans is a free finance app developed by IDFC FIRST Bank Limited. This cutting-edge mobile app harnesses state-of-the-art technology to seamlessly facilitate the acquisition of immediate personal loans within a matter of hours.
With IDFC FIRST Bank: Instant Loans, you gain access to exploring loan propositions, overseeing and administering your personal loan, and executing EMI payments. It extends online financial support to individuals across diverse situations, including tailor-made personal loans for educational endeavors, weddings, and unforeseen emergencies necessitating immediate funds. The app features an uncomplicated and intuitive interface, ensuring effortless navigation for all users.
Flexible and convenient financing
IDFC FIRST Bank is a loan application designed to grant immediate access to loans, all without requiring collateral. You can secure a personal loan within hours in just a few straightforward steps. Through this user-friendly platform, you can request loans spanning from ₹20,000 to ₹40 lakhs. This flexibility helps you choose the precise loan amount that suits your needs, making it the ideal solution for fulfilling various financial necessities.
In this platform, you can tailor your repayment period with a versatile range of 12 months to 84 months. The loans accessible through this platform carry an annual percentage rate, or APR, from 11 to 28 percent. It’s worth highlighting a processing fee of around 3 percent linked to the loan application procedure. Additionally, this application empowers you to monitor your loan account status, perform EMI calculations, and access various other features.
To be eligible for a loan, certain criteria must be met. These prerequisites encompass being an Indian citizen residing within the country and being at least 23 years of age. Nevertheless, it’s important to know that this option might come with a higher interest rate and service fee than other loan applications that provide comparable services. You can try AA Kredit and Legend Rupee, offering similar services but no service fee charge.
Loan app with service fee
IDFC FIRST Bank: Instant Loans employs cutting-edge technology for quick personal loans. The app offers loan exploration, management, and EMI payments. With a simple interface, it caters to various needs, like education, weddings, and emergencies. This loan platform provides collateral-free personal loans in hours, from ₹20,000 to ₹40 lakhs. It offers repayment customization with interest rates and a 3 percent processing fee. Note potential higher fees than similar apps.
