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Get ₹60,000 Personal Loan Instantly with FIRSTmoney

IDFC FIRST Bank's FIRSTmoney offers a seamless way to apply for a ₹60,000 personal loan, tailored to meet your diverse financial needs without the hassles of applying for a new loan each time. Whether it's for managing medical emergencies, requirement for urgent funds, planning a vacation, or handling unforeseen expenses, this loan provides a flexible and quick solution. With attractive interest rates and zero foreclosure charges, FIRSTmoney can be an ideal tool for all your financial needs.

Features and Benefits of ₹60,000 Personal Loan

Foreclosure benefits Foreclosure benefits

Foreclosure benefits

Foreclose your loan anytime without any concern with FIRSTmoney. You can use the ₹60,000 personal loan and repay the used funds in full anytime without incurring a foreclosure charge.

100% digital journey 100% digital journey

100% digital journey

FIRSTmoney provides a fully digital journey with zero paperwork. You can customise your loan as per your financial requirement along the application process. Scan the QR code to simply start your application.

Competitive Interest Rates Competitive Interest Rates

Competitive Interest Rates

With FIRSTmoney, you enjoy one of the most affordable interest rates starting at just 10.99% per annum. Lower interest rates help you keep your overall loan cost within your budget and meet your financial needs without hassles.

Flexible loan repayment options Flexible loan repayment options

Flexible loan repayment options

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

Swift disbursal Swift disbursal

Swift disbursal

Enjoy a completely paperless application process. The advanced technology behind FIRSTmoney makes it easy to access a ₹60,000 personal loan instantly with a completely online process.

Greater flexibility Greater flexibility

Greater flexibility

With FIRSTmoney, get unmatched convenience of obtaining more funds to meet your additional financial needs in just a few clicks.

Eligibility Criteria for ₹60,000 Personal Loan

FIRSTmoney smart personal loans are available to individuals with a good credit score. Here are the basic eligibility requirements.

CIBIL score CIBIL score

CIBIL score: To obtain the FIRSTmoney loan, applicants need to have a good credit record and a CIBIL score of 730 and above.

Employment Employment

Employment: FIRSTmoney loans are available to both salaried and self-employed individuals.

Age Age

Age: Anyone aged between 21 to 60 years can apply for this smart personal loan.

* CIBIL Score is a 3-digit numeric summary of your credit history, derived by using details found in the ‘Accounts’ and ‘Enquiries’ sections on your CIBIL Report and ranges from 300 to 900. The closer your score is to 900, the higher are the chances of your loan application getting approved.

Documents required for a ₹ 60,000 personal loan

Video KYC Video KYC

Remove the hassles of lengthy documentation with FIRSTmoney smart loans. You can save your time and effort to focus on other things. To apply for a ₹ 60,000 personal loan from FIRSTmoney, all you need is to present your physical PAN card at the time of video KYC.

Remove the hassles of lengthy documentation with FIRSTmoney smart loans. You can save your time and effort to focus on other things. To apply for a ₹ 60,000 personal loan from FIRSTmoney, all you need is to present your physical PAN card at the time of video KYC.

How can you calculate your personal loan EMI?

The bank uses reducing balance method to calculate the EMI for a ₹60,000 personal loan through FIRSTmoney, this technique determines interest based on the remaining loan balance. While the EMI remains constant throughout repayment, the portion allotted to principal repayment grows while the interest component diminishes over time. Read on for more

How to apply for ₹ 60,000 personal loans using FIRSTmoney?

Scan the QR code to apply for a personal loan.

Step 1

Start by scanning the QR code or clicking loan from your smartphone.

Register with your mobile number.

Step 2

Register using your mobile number and confirm basic/personal details to check your eligibility.

Confirm basic details to check your eligibility.

Step 3

Choose your loan preferences, including the tenure and repayment terms.

Choose your loan preferences and link your bank account

Step 4

Link your bank account where you wish the funds to be disbursed.

Once verified, receive the loan amount in your account within 24 hours

Step 5

Complete the video KYC verification process with your physical PAN card.

Once approved, you can borrow your required loan amount instantly. 
 

Get FIRSTmoney Smart Personal Loan of Different Amounts

₹5 lakh Personal Loan
₹5 lakh Personal Loan Arrow Right
₹4 lakh Personal Loan
₹4 lakh Personal Loan Arrow Right
₹3 lakh Personal Loan
₹3 lakh Personal Loan Arrow Right
₹2 lakh Personal Loan
₹2 lakh Personal Loan Arrow Right
₹80000 Personal Loan
₹80000 Personal Loan Arrow Right
₹70000 Personal Loan
₹70000 Personal Loan Arrow Right
₹50000 Personal Loan
₹50000 Personal Loan Arrow Right

Frequently asked questions

Can I get loan amounts above ₹60,000 with FIRSTmoney?

Yes, IDFC FIRST Bank's FIRSTmoney offers personal loans that can go up to ₹10 lakhs. This smart personal loan offers greater flexibility to avail funds more easily without starting the loan application from scratch.

How can I check my eligibility for a ₹60,000 personal loan?

You can check your eligibility for a ₹60,000 personal loan through the IDFC FIRST Bank website or mobile app. The eligibility is based on factors like your credit score, stable income through salary or self-employment, and age ranging between 21 to 60 years.

How is the interest rate for a ₹60,000 personal loan determined?

The interest rate for a ₹60,000 personal loan is determined by the reducing balance method. Additionally, the interest offered depends on several factors, including your credit score, income level, loan amount, and tenure. IDFC FIRST Bank offers competitive rates, tailored to your financial profile.

What is the monthly interest on a ₹60,000 personal loan?

The monthly interest on a ₹60,000 personal loan varies depending on the interest rate and tenure. You can calculate the exact amount using the bank's online EMI calculator.

Which documents are required for a ₹60,000 personal loan application?

You only need your PAN card during the V-KYC (Video KYC) process to apply for IDFC FIRST Bank’s FIRSTmoney smart personal loan.

How to get a ₹60,000 loan in one day?

To get a ₹60,000 loan in one day, apply through IDFC FIRST Bank's FIRSTmoney using the official portal or mobile app. Check your eligibility, and apply online. Once approved, you can start using the funds instantly.

What does foreclosure charge mean?

A foreclosure charge is a fee imposed by the bank if you choose to repay the entire loan amount before the completion of the loan tenure. With FIRSTmoney, you can close your loan anytime by paying the consumed amounts in full without any foreclosure charges.

What is considered a good CIBIL score to apply for a ₹60,000 personal loan from FIRSTmoney?

A CIBIL score of 730 or above is required when applying for a ₹60,000 personal loan from FIRSTmoney, as it indicates a strong credit history and higher chances of approval.

What is the interest for a 60000 Personal Loan?

The personal loan interest rate for a ₹60,000 loan at IDFC FIRST Bank starts at 10.99% per annum. The final rate is determined by factors like your credit score, income, and preferred loan tenure.

What is EMI of a ₹60000 Loan?

To calculate the EMI for a ₹60000 Loan, you can use a personal loan EMI calculator. 

What is the processing fee on a ₹60,000 personal loan?

The processing fees for a ₹60,000 personal loan from IDFC FIRST Bank start from 2% of the loan amount, depending on eligibility.

More FAQs

Instant Personal Loan Fees and Charges Instant Personal Loan Fees and Charges

Fees & Charges

Enjoy pocket-friendly interest rates