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I recently took a personal loan from IDFC First Bank, and my experience has been far from satisfactory.
High Interest Rates
Excessive Foreclosure Charges – When I decided to repay my loan earlier, I was shocked by the hefty foreclosure charges.they insisted on collecting a significant percentage of the outstanding amount. This defeats the purpose of early repayment, making it financially unwise.
Overall, I would not recommend IDFC First Bank’s personal loan to anyone. If you are considering taking a loan, I strongly advise you to check all terms and conditions carefully and compare with other banks that offer more transparent policies and better rates.