IDFC FIRST Bank is a prominent financial institution in India, renowned for its customer-centric approach and innovative banking solutions. The bank offers a comprehensive suite of loan products tailored to meet diverse financial needs, including Personal Loans, Home Loans, Mortgage Loans, New Car Loans, Used Car Loans, Business Loans, and Educational Loans.

Personal Loans

IDFC FIRST Bank's Personal Loans are designed to provide quick financial assistance for various personal requirements, such as medical emergencies, weddings, or vacations.

• Minimum Income Requirements: Applicants should have a steady income, with a minimum monthly salary of ₹25,000. citeturn0search11
   

• Loan Amount: Loans range from ₹20,000 to ₹1 crore. citeturn0search0
   

• Loan Tenure: Flexible repayment tenure from 9 to 60 months. citeturn0search3
   

• Age Limits: For salaried individuals, the minimum age is 23 years, and the maximum age at loan maturity is 60 years or retirement age, whichever is earlier. For self-employed individuals, the minimum age is 25 years, with a maximum age of 65 years at loan maturity. citeturn0search0
   

• CIBIL Score Requirement: A minimum CIBIL score of 730 is required. citeturn0search2
   

Home Loans

IDFC FIRST Bank's Home Loans cater to individuals aspiring to own a home, offering competitive interest rates and flexible terms.

• Minimum Income Requirements: For salaried individuals, a minimum annual income of ₹1 lakh is required. Self-employed individuals should have a minimum annual income of ₹1.5 lakh. citeturn0search5
   

• Types of Home Loans: The bank offers various home loan options, including loans for purchasing a new home, home construction loans, and home improvement loans.
   

• Loan Amount: Up to ₹5 crore. citeturn0search10
   

• Loan Tenure: For salaried individuals, up to 30 years; for self-employed individuals, up to 25 years. citeturn0search5
   

• Age Limits: For salaried individuals, the age range is 21 to 60 years. For self-employed individuals, the age range is 23 to 70 years. citeturn0search5
   

• CIBIL Score Requirement: A CIBIL score of 750 or higher is ideal. citeturn0search10
   

Mortgage Loans

IDFC FIRST Bank's Mortgage Loans allow individuals to leverage their property to secure funds for various purposes.

• Minimum Income Requirements: Specific income requirements are not publicly disclosed and may vary based on the loan amount and applicant's profile.
   

• Loan Amount: The loan amount is determined based on the value of the property and the applicant's repayment capacity.
   

• Loan Tenure: Flexible tenure options are available, typically up to 15 years.
   

• Age Limits: Applicants should be between 21 to 65 years old.
   

• CIBIL Score Requirement: A good credit score is essential; a score of 730 or above is generally preferred.
   

New Car Loans

IDFC FIRST Bank offers New Car Loans to help customers purchase their desired vehicles with ease.

• Minimum Income Requirements: Applicants should have a stable income source; specific income criteria may vary.
   

• Loan Amount: Up to 100% of the car's on-road price, depending on the applicant's eligibility.
   

• Loan Tenure: Flexible repayment tenure ranging from 1 to 7 years.
   

• Age Limits: Applicants should be between 21 to 65 years old at the time of loan maturity.
   

• CIBIL Score Requirement: A minimum CIBIL score of 730 is preferred.
   

Used Car Loans

For those looking to purchase pre-owned vehicles, IDFC FIRST Bank provides Used Car Loans with attractive terms.

• Minimum Income Requirements: Applicants should have a consistent income; specific criteria may vary.
   

• Loan Amount: Up to 100% of the car's valuation, subject to eligibility.
   

• Loan Tenure: Repayment tenure ranges from 1 to 5 years.
   

• Age Limits: Applicants should be between 21 to 65 years old at the time of loan maturity.
   

• CIBIL Score Requirement: A good credit score, typically 730 or above, is preferred.
   

Business Loans

IDFC FIRST Bank's Business Loans are designed to support entrepreneurs and business owners in expanding their ventures.

• Types of Business Loan Schemes: The bank offers various schemes, including Working Capital Loans, Term Loans, and Equipment Financing.
   

• Minimum Income Requirements: Businesses should demonstrate a profitable operation with a minimum turnover as specified by the bank.
   

• Loan Amount: Up to ₹75 lakh, depending on the business profile and financials.
   

• Loan Tenure: Flexible tenure options ranging from 12 to 60 months.
   

• Age Limits: Business owners should be between 25 to 65 years old at the time of loan maturity.
   

• CIBIL Score Requirement: A minimum CIBIL score of 730 is generally required