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Now you can use an app that is made for personal loans. Know how?

A personal loan is easily available today to help you deal with any emergency. With no collateral required, you can apply for a quick loan online easily. The increase in demand for instant loans online has led to the introduction of personal loan apps such as the IDFC FIRST Bank Instant Loan App. 

Know more about Instant personal loan app 

A personal loan app helps you with an opportunity to get an instant loan for different purposes. The IDFC FIRST Bank Loans App is an innovative, as well as intuitive app that can assist anyone avail instant personal loans from anywhere.

Here are some reasons for availing a personal loan through the IDFC FIRST Bank Loans app: 

  • Loans for various purposes

Opting for an online personal loan through the loan app helps you get a loan for any purpose like marriage, home renovation, medical requirements, and holidays. You may also apply for an urgent personal loan or for the education of a family member through the app. An instant loan is offered from Rs. 20,000 to Rs. 40 lakhs at a tenure ranging from one year to five years. 

  • Minimal documentation

When it comes to documentation to get an instant loan, you need to upload the digital copies of your PAN card and Aadhaar card or Voter’s ID for identity and address proof, and the last three-months’ bank statement. The personal loan application process is as simple as submitting the completed application form with the above-mentioned documents through the app.  

  • Quick approvals

Once you submit the instant loan application online, a relationship manager from the IDFC FIRST Bank support team will contact you and process the application until the disbursement of the loan amount. This may take a few hours or days depending on the applicant’s circumstances. The popularity of personal loans online depends majorly on their quick approvals. As opposed to this, an approval of a loan applied offline takes weeks due to time-consuming paperwork.  

  • Track the progress

With the IDFC FIRST Bank – Instant Loans App Online, you can avoid visiting the bank’s branch office to check the status of the loan application. As an applicant, you have to just log into the app and click on the ‘In Progress’ tab to know the status of the loan application you have submitted. 

Significant features that make the personal loan dealing easier on the app

Some of the significant features of the IDFC FIRST Bank loan app are you can:

  • Check the loan account status 
  • Download your personal loan account statements
  • Apply for an instant loan online easily
  • Track the loan application
  • Check the EMI card details
  • Request for service 
  • Know the latest offers
  • Calculate the EMI using a loan calculator
  • Pay EMIs online using any of the payment methods available
  • Set up auto payment of your EMI repayment 

There are very few apps that allow you to apply for any loans instantly. The IDFC FIRST Bank Instant Loans App is in line with the customers’ modern lifestyle requirements, helping them with easy financial solutions.