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Personal Loan

How to Get an Instant Loan Online in 2025

Key Takeaways

  • When applying for an online personal loan, prioritise lenders with competitive interest rates, clear privacy policies, regulatory compliance, positive user reviews, and robust security measures like two-factor authentication.
  • FIRSTmoney offers customisable repayment tenures from 2 to 60 months, zero foreclosure charges, and lets customers apply for top-up loans effortlessly.
  • The application process for FIRSTmoney is streamlined into six simple steps, including scanning a QR code, verifying eligibility, linking a bank account, and completing a video KYC verification process, ensuring a quick and hassle-free experience.
05 Nov 2024 by IDFC FIRST Bank
Instant Loan for 2024
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The ecosystem of online lending has evolved significantly over the past decade. Online platforms have now become a popular choice for personal loans. With the numerous options so easily available, choosing one can get quite challenging.

While looking for an instant personal loan, you need to find a lender that offers loan benefits that work in your favour. A key factor to ensure this is to choose loan products by RBI-regulated banks and NBFCs. One such offering is IDFC FIRST Bank’s FIRSTmoney.

FIRSTmoney is a smart personal loan tailored to meet various financial requirements. With FIRSTmoney, you can get a loan of up to ₹10 lakhs with the flexibility to access top-up loans without starting the application process from scratch. What’s unique about this loan is that you can close your loan anytime paying in full without incurring any foreclosure charges.  

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Have no fear, your Personal Loan Top-Up is here!
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Is FIRSTmoney a good alternative?

By adopting a customer-centric approach, FIRSTmoney ensures a seamless and quick loan application process through a completely digital application process. Here are some notable benefits of FIRSTmoney smart personal loans.

  • 100% digital journey:

With FIRSTmoney, experience a complete digital journey with zero paperwork. Simply scan the QR code to begin the application process. 

  • Foreclosure benefits:

With FIRSTmoney, you can use the loan amount and repay the used funds in full anytime without incurring a foreclosure charge.

  • Personal loan amount flexibility:

Enjoy the flexibility to get instant access to funds for your needs in a few clicks. Once approved, you can also access top-up loans effortlessly without starting the application process from scratch.

  • Flexible loan repayment options:

Get the flexibility to choose a customisable loan EMI plan that suits your requirements. Opt for any tenure ranging from 2 months to 60 months to repay your loan without financial stress.

With the right approach to finding an online personal loan, you can confidently address your financial needs efficiently.

Step-by-step process for securing a loan with FIRSTmoney online
 

Applying for FIRSTmoney smart personal loan is a breeze. Here are the six easy steps:

  1. Start by scanning the QR code
  2. Register using your mobile number and confirm basic/personal details to check your eligibility
  3. Select your loan preferences and choose from the flexible repayment terms available
  4. Link your bank account where you wish the funds to be disbursed.
  5. Complete the video KYC verification process by displaying your physical PAN during the online Video KYC process.

Once your loan is approved, you can access the funds instantly.

Security and privacy considerations when choosing an online personal loan
 

  1. Interest rates and charges:

    2. When choosing an online personal loan, research and choose a bank that offers a competitive rate of interest and associated charges.

  2. Privacy policy:

    3. Review the lender's privacy policy to understand how your data will be used and shared. A transparent policy indicates a trustworthy lender.

  3. Regulatory compliance:

    4. Verify that the lender complies with regulatory standards and guidelines set by financial authorities, which ensures their legitimacy and your protection.

  4. User reviews and ratings

    5. Check user reviews and ratings on independent platforms. Positive feedback from other borrowers can indicate a secure and reliable lending platform.

  5. Secure login and authentication

    6. Opt for lenders that implement robust login and authentication processes such as two-factor authentication to safeguard your account from unauthorised access.

Conclusion
Securing a personal loan online in 2024 has never been easier, thanks to IDFC FIRST Bank’s FIRSTmoney. By adapting to the latest technologies and focusing on customer needs, FIRSTmoney provides a swift, secure, and efficient solution for those who need instant personal loans. When choosing an online lender, always consider the security and privacy factors to ensure a safe borrowing experience.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.

The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirstbank.com for latest updates.

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