Personal Loan in Hyderabad

Self-employed and salaried individuals must provide almost the same documents to avail an instant personal loan in Hyderabad. They include:

• PAN Card
• Form 60 (To be submitted only if PAN card is not available)
• Any 1 Official Valid Document (OVD) is mandatory from the below:
• Valid Passport with expiry date, photograph, and signature
• Aadhaar card issued by the Unique Identification Authority of India (UIDAI)
• Voter’s ID issued by the Election Commission of India
• Driving license issued by regional transport authority
• Job card issued by the National Rural Employment Guarantee Act (NREGA) and duly signed by an officer of the state government
• National Population Register containing details of name and address

Before applying for a loan, you must check if you fulfil the eligibility criteria. Here are the requirements you must meet to avail an instant loan from IDFC FIRST Bank in Hyderabad:

For self-employed individuals

• Minimum age: 21
• Maximum age: 65 (at the time of loan maturity)
• The business must be in existence for a minimum of 3 years
• Minimum credit score of 730

For salaried individuals

• Minimum age: 21
• Maximum age:60 (at the time of loan maturity) or retirement, whichever comes first
• Minimum monthly salary: ₹20,000 per month
• Minimum credit score of 730