Benefits:
Approved Loan Offer upto ₹10 Lakhs
Withdraw funds with flexible EMI dates
Repay anytime with ZERO foreclosure charges
ROI Starting from 9.99% P.A
Flexible Tenure: 9-60 Months
Whom to sell?
1. Age: 25-60 Years.
2. CIBIL Score Above 730
3. Processing fees of up to 2% will be deducted from the loan amount at the time of disbursal.
4. Available for both salaried and self-employed individuals
5. List of documents needed: Display your physical PAN card for the online VKYC verification process
6. NTB (New to Bank): Customer shouldn't have any relations with IDFC First Bank (Savings A/c, Loan, Credit Card etc)
How it works?
1. Watch the training video and share the link with eligible customers in your network.
2. The customer needs to enter and verify their mobile number using OTP which should be linked to their Aadhaar and PAN
3. The customer needs to fill in basic details according to the PAN Card.
4. Then they need to fill personal and professional details, after which they will be shown the recommended products as per their eligibility
5. Select IDFC First Bank Personal Loan and proceed to complete the application process.
7. After choosing IDFC First Bank Personal Loan, the customer will be redirected to a landing page of the IDFC First Bank Personal Loan application.
8. The customer provides basic identification details: A. Mobile number
B. PAN (Permanent Account Number)
C. Aadhaar number
9. The customer's address is verified through either an Aadhaar-linked address (preferred) or an input manual address if others.
10. Based on the customer's details, personalized loan offers are generated and displayed.
11. The customer selects the most suitable loan offer from the options provided.
12. The customer sets up an E-mandate for loan repayment, allowing automatic deductions from their account through Debit card and Net Banking.
13. A detailed KFS of the loan terms and conditions (interest rate, tenure, EMI, etc.) is shared with the customer for acknowledgment.
14. The customer undergoes a video-based Know Your Customer (KYC) verification process for compliance and validation.
15. After successful completion of all the steps, the loan amount is disbursed to the customer's verified bank account within 24 hours
Terms & Conditions
1. CIBIL rejection rules: Score
2. NO Days Past Due (DPDs) are allowed within 30 days, 60 days, and 180 days.
3. Customers with a credit history of less than six months will not be eligible.
4. The customer has made 4 to 7 or more enquiries for personal loans (BIL), home loans (HL), or credit cards (CC) within the last six months, indicating frequent credit-seeking behavior.
5. The customer has two or more active personal loans, has availed more than one personal or business loan
in the last three months with a sanctioned amount exceeding ₹40,000, and has a credit card utilization ratio of over 70%, leading to rejection under the gating criteria
6. The customer must be a NTB (New to Bank) to apply for the loan. No Payout in case of Existing IDFC Bank customers.
7. The decision to approve or reject a loan application rests solely with IDFC First Bank
8. If your customer is not approved for a IDFC First Bank loan, our loan experts will assist them in finding a loan with a more suitable lender.
9. If any fraudulent activity is detected, your account will be deactivated, and your earnings will be confiscated.
10. The customer can foreclose his IDFC First Personal loan at zero charges.