Paperless loans in 5 minutes: A step-by-step digital application guide

Time is valuable, and no one wants to spend it filling out application forms or visiting branches just to apply for a personal loan. Whether the goal is to renovate a house, plan a wedding, fund higher education, manage hospital bills, or consolidate debt, applying for personal loans should never feel like a burden. That is where IDFC FIRST Bank's FIRSTmoney personal loan assists.

With a 100% digital and paperless process, you can apply for the personal loan and get approval in minutes. No physical forms, no complex documents uploading, no bank visits, and just clear steps. Get all the useful insights in details below!

How to apply for a paperless personal loan online? 
 

Getting an instant personal loan via IDFC FIRST Bank’s FIRSTmoney is quick and easy. Look at the steps:

• Click on ‘Apply now’ on this page.
• Register using your mobile number and confirm basic/personal details to check your eligibility.
• Select the loan amount of your choice starting from ₹50,000 depending on your approved loan offer and choose flexible repayment terms.
• Link your bank account where you wish the funds to be disbursed.
• Complete video KYC using your PAN card. No need to upload any files.

Eligibility criteria to apply for a paperless personal loan
 

The eligibility criteria for paperless loans, are simple:

• Age between 21 to 60 years
• Either salaried or self-employed
• A CIBIL score of 730 or higher, along with a good credit history

Documents you will need
 

You do not have to upload any files or physically submit anything. All you need is your:

• PAN card (you need to show it during video KYC)
• Aadhaar number

Benefits of IDFC FIRST Bank’s FIRSTmoney personal loan you must know
 

This digital and paperless personal loan benefits you in multiple ways:

Quick loan disbursal
 

You do not have to wait for days. Once approved, the loan amount can reach your bank account within just 30 minutes. This speed is highly ideal during urgent situations like medical expenses or time-sensitive plans.

Zero foreclosure charges
 

Most lenders penalise you for repaying early but IDFC FIRST Bank does not. You are free to close your loan anytime without any fees. That means more savings for you.

Fully digital loan process
 

From start to finish, everything happens online. No physical documents. No branch visits. You can apply, verify, and receive the loan, all from your mobile or laptop.

Simple documentation
 

All you need to do is show your PAN card during the video KYC process, which means less time spent doing paperwork.

Loan amount flexibility
 

You do not have to over-borrow or settle for less. Choose a personal loan amount that suits your needs, whether it is a smaller sum like ₹50,000 or up to ₹10 lakh, depending on your approved loan offer.

Easy repayment options
 

Repayment does not need to feel rigid. With IDFC FIRST Bank’s FIRSTmoney personal loan, you can shape EMI schedules in a way that works around your earning pattern and future financial plans.

Conclusion
 

Getting an instant paperless loan should not feel like a time-consuming task. With IDFC FIRST Bank's FIRSTmoney personal loan starting at an interest rate of just 9.99% p.a, you experience a paperless process that is quick, reliable, and built around your requirements. You will not have to waste time on complex paperwork or branch visits. With just your PAN during the video KYC process, you can complete the entire journey in minutes.

What used to take days now fits into a short break in your day. Whether it is a planned goal or a sudden expense, this instant digital loan helps you get funds when you need them and without hassle.