Why FIRSTmoney should be your go-to solution, for instant loans

Imagine facing an unexpected financial crunch. A medical emergency arises, an unplanned travel for business, or an urgent home repair pops up. Traditional bank loans can be cumbersome, and credit cards often come with high interest rates. This is where IDFC FIRST Bank’s FIRSTmoney smart personal loans can be helpful, offering a revolutionary lending option designed to cater to your short-term loan requirements. FIRSTmoney brings a seamless and flexible borrowing experience with a credit limit of up to ₹10 lakhs and zero foreclosure charges. Say goodbye to the hassles of conventional loans and experience the convenience of multiple fund withdrawals as and when needed along with instant approval loans with FIRSTmoney.

What makes FIRSTmoney different from other short-term personal loans?
 

Traditional short-term personal loans often come with rigid terms, lengthy approval processes, and high interest rates. In contrast, FIRSTmoney offers a flexible credit limit tailored to meet your immediate financial needs. Unlike conventional loans, where you borrow a lump sum and repay with fixed EMIs, this quick online loan allows you to draw only what you need and pay EMIs only on the amount utilised. This innovative approach ensures you have access to funds exactly when you need them, without unnecessary financial burdens.

Unique features and benefits of FIRSTmoney smart personal loans
 

1. Flexible credit limit: With FIRSTmoney, you have access to a credit limit of up to ₹10 lakhs. You can withdraw any amount within this limit as per your requirement, ensuring you are never short of funds.

2. 100% digital journey: With FIRSTmoney experience a complete digital journey with zero paperwork. You customise your loan as per your financial requirement along the application process. 

3. Foreclosure benefits: With FIRSTmoney, you have the flexibility to access the loan amount and repay the used funds in full anytime without incurring ANY foreclosure charge. The repaid amount will reflect in your accessible credit limit once successfully paid. 

4. Personal loan amount flexibility: Enjoy the flexibility to withdraw funds as and when needed. You can access any amount starting from ₹5,000 up to your approved limit. Depending on your requirements, withdraw funds in one go or in tranches.

5. Multiple withdrawals: With FIRSTmoney, access funds whenever needed without reapplying for a new loan. You can multiple withdrawals without any restrictions up to your approved limit.

6. Flexible loan repayment options: Get the flexibility to choose a customisable loan EMI plan that suits your requirements. Opt for any tenure ranging between 2 months to 60 months to repay your loan without financial stress.

7. Swift disbursal: Enjoy a completely paperless application process. FIRSTmoney makes it easy to access a personal loan instantly with a completely online process. 

What is the eligibility criteria for a FIRSTmoney loan?
 

FIRSTmoney is designed to be accessible to a broad range of individuals. To be eligible for a FIRSTmoney loan, you must meet the following criteria:

• Employment: A FIRSTmoney loan is available to both salaried and self-employed individuals.
• Age: Anyone aged between 21 to 60 years can apply for this line of credit.
• CIBIL score: To obtain the FIRSTmoney credit limit, applicants need to have a good credit record and a CIBIL score of 730 or above.
• Documents: During application, individuals need to present their physical PAN card at the time of completing the video KYC process. 

How to apply for FIRSTmoney smart personal loan
 

Applying for a FIRSTmoney smart personal loan is a hassle-free process. Follow these simple steps:

• Start by scanning the QR code or click on the loan option from your smartphone.
• Register using your mobile number and confirm basic/personal details to check your eligibility.
• Select the loan amount of your choice (starting from as little as Rs 5,000 up to your full credit limit) and choose flexible repayment terms.
• Link your bank account where you wish the funds to be disbursed.
• Complete the video KYC verification process with your physical PAN card.

Once your credit limit is approved, you can start using the funds as per your requirements and withdraw funds either in instalments or in one go.

Conclusion
 

FIRSTmoney is a game-changer in the realms of short-term loans, offering a flexible, efficient, and user-friendly solution to meet your immediate financial needs. With a FIRSTmoney loan, zero foreclosure charges, and an instant approval process, FIRSTmoney ensures you never have to worry about financial emergencies again. When you need quick funds with instant loan approval, FIRSTmoney is your go-to option for a seamless borrowing experience. Make FIRSTmoney your first choice for short-term loans and experience the convenience and peace of mind it brings.