Get personal loans from IDFC First with a hassle-free, digital application process. Avail them and journey towards financial empowerment. There are several factors that may influence your personal loan eligibility. Lenders assess each of these factors along with your repayment ability. A good credit score typically above 750 is required in order to sanction the loan. Young applicants who have more working years ahead have high sanctioning rate. IDFC bank offers personal loan to both salaried and self-employed individuals. Stability of employment of both these categories is a crucial area. Debt-to-income-ratio is the proportion of your monthly income that goes into debt. Maintaining a reasonable DTI ratio of 30% would boost your eligibility. Having an existing relationship with IDFC Bank, such as holding a savings account or fixed deposits, may be advantageous. The loan amount and tenure can impact eligibility. IDFC considers borrower’s repaying capacity while determining maximum loan amount and tenure.