Eligibility Requirements
- Indian resident
- Age above 21 years
- Age between 18-21 years with mandatory co-applicant
Loan application steps:
- Online Application: Fully online through the website.
- Visit a Branch: You can also visit a branch if you prefer.
- Documentation: Proof of identity, address, income, and motorcycle details.
- Loan Approval: Once submitted, the bank will proceed to approve your loan and documents.
- Disbursement: After acceptance, funds are quickly deposited, allowing you to secure your motorcycle in no time.
Frequently Asked Questions
How long does it take to get approved for an IDFC FIRST Bank loan?
The time it takes to get approval for a loan from IDFC FIRST Bank can vary depending on your creditworthiness, the completeness of your application, and the efficiency of the bank’s processes.
Is it required to explain why the credit is being used?
Yes. This helps IDFC FIRST Bank understand the purpose of the loan and evaluate your ability to repay the loan according to the agreed terms.
Do I need to have a good credit score to be approved for an IDFC FIRST Bank loan?
Yes, it is generally necessary to have a good credit score to be approved for a loan with IDFC FIRST Bank.
Can I apply for a loan if I am self-employed?
Yes. This loan does not require proof of income.