PERSONAL LOAN

Live your best life with IDFC FIRST Bank’s personal loan.

fdhd
 Media1
Competitive interest rates
Media2
Flexibility in repayment
Media3
Transfer existing personal loan to enjoy benefits

Personal Loan EMI Calculator

IDFC FIRST Bank personal loan calculator is simple; it requires you to add the loan amount, interest rate and tenure and find out how much you will have to repay each month so that you can borrow with confidence.


Calculate now

4 easy steps to getting your Personal Loan

X

Documentation and Eligibility

At IDFC FIRST Bank, you can get a personal loan if you are self-employed or salaried. Simply help us with the following documents:


For Self Employed Individuals:

  1. The business must have been in existence for a minimum period of 3 years
  2. The company’s profit after tax (PAT) for the last two years should be positive
  3. Minimum Age: 28 years; Maximum Age: 68 years, at the time of loan maturity

At IDFC FIRST Bank, you can get a personal loan if you are self-employed or salaried. Simply help us with the following documents:


For Self Employed Individuals:

  1. The business must have been in existence for a minimum period of 3 years
  2. The company’s profit after tax (PAT) for the last two years should be positive
  3. Minimum Age: 28 years; Maximum Age: 68 years, at the time of loan maturity

For Salaried Individuals:

Minimum Age: 23 years; Maximum Age: 58 years, at the time of loan maturity


Photo Identity Proof (Self-attested copy of any one document*)

  • Passport
  • Pan Card
  • Voter Identity Card
  • Driving License
  • Aadhaar Card

Address Proof (Self-attested copy of any one document*)

  • Ration Card
  • Passport
  • Bank Account Statement
  • Aadhaar Card
  • Driving License
  • Electricity Bill
  • Telephone Bill

Sale Deed/Property purchase agreement (for owned properties)

Income Proof (Self-attested copy of relevant documents*)

For Salaried Individuals:

Last 3 months/6 month's bank statement (dependent on scheme) showing salary credits, Latest Salary Slip

For Self-Employed Individuals:

2 year's ITR, P&L and balance sheet for the last 2 years, last 6 month's bank statement

Business proof (Self-attested copy of relevant documents*)

For Self-Employed Individuals:

Qualification Certificate/Certificate of Practice (COP), Shop Act License/ MOA & AOA/ Sales Tax/ Vat registration/ Partnership Deed

*Requirement of Personal Loan documents might vary according to the scheme chosen.

Know more

Features and
Benefits

IDFC FIRST Bank's Personal Loan can help you realise your dreams of having that perfect wedding to visiting your dream holiday destination. The loan can also help in meeting unexpected expenses and medical emergencies too. Here are some key features:

IDFC FIRST Bank's Personal Loan can help you realise your dreams of having that perfect wedding to visiting your dream holiday destination. The loan can also help in meeting unexpected expenses and medical emergencies too. Here are some key features:

Easy Application: You can apply for our instant Personal Loans online; we let you know if you are eligible within just 2 minutes. You can also make use of our personal loan eligibility calculator and find out if you qualify for a loan.
High Disbursal Amount: Our quick Personal Loan is available for salaried individuals and self-employed professionals. You can borrow from Rs 1 Lakh to Rs 25 Lakhs basis your eligibility.
Flexible Tenures: You can repay your Personal Loan in tenures ranging between 1 and 5 years.*
Borrow more if you need: You can borrow more money by using the top up facility available for existing users.

Know more

X
Fees & Charges Check the fees & charges applicable
for different types of accounts
Contact Us Need to get in touch with us,
check the various modes of connecting with us

Frequently Asked Questions

What is a Personal Loan?

Personal Loans from IDFC FIRST Bank help you borrow for expenditures of a personal nature - whether you want to borrow money for an emergency, for education, for a vacation or any other need like a wedding in the family. You can avail loans ranging from Rs. 1 lakh to Rs. 25 lakhs with flexible tenures ranging between 1 and 5 years.* *Subject to conditions

Why should you take a Personal Loan?

You can avail a Personal Loan from IDFC FIRST Bank for a wide variety of reasons such as weddings, holidays, education, home renovation, and for emergencies. Personal Loans can help address your immediate needs and can also be used for borrowing money for not-so-urgent personal expenses.

Do I need to provide any security or collateral to apply for a Personal Loan?

Personal Loans are not secured by any collateral or security and are disbursed at the discretion of IDFC FIRST Bank based on the creditworthiness of the borrower. There is also no need for any co-signee or guarantor either. We provide you with Personal Loans without security so that you can get easy access to credit for your personal needs.

Will I have to visit a IDFC FIRST Bank branch to get a Personal Loan?

No, you do not have to visit the IDFC FIRST Bank branch to apply for a Personal Loan. You can simply visit our website and apply online or from our mobile app which can be downloaded from Google Play store or Apple App Store. Once you fill the form you will receive an application ID. We will then call you to get further information about your requirements and check your eligibility criteria. If all the requirements are fulfilled we will provide you with the loan. The disbursal of the loan amount is made in your account in as little as two business days once you have completed the documentation.

How can I check the status of my Personal Loan application?

After you apply for a Personal Loan from IDFC FIRST Bank, you can check the status of your application by visiting our website or downloading our mobile app from Google Play or Apple App Store. If you have any questions regarding your application status, you can also contact our customer care at 1860-500-9900 or write to us at customer.care@idfcfirstbank.com.

Who can apply for a IDFC FIRST Bank Personal Loan?

IDFC FIRST Bank provides Personal Loans for both self-employed and salaried individuals. In order to determine your Personal Loan eligibility, you have to meet certain parameters. We establish eligibility by simply asking a few questions through a form that is available on our website and mobile app. IDFC FIRST Bank will also base your eligibility on your credit score and your existing liabilities, which will be used to ascertain your creditworthiness.

What are the conditions to secure a IDFC FIRST Bank Personal Loan for a salaried and self-employed professional?

You must meet the following conditions to be eligible for a IDFC FIRST Bank Personal Loan: Self-employed professionals:

  1. Your business must have been in existence for a minimum of 3 years
  2. Your company’s profit after tax (PAT) for the last two years should be positive
  3. Net worth of the firm must be positive
  4. Minimum Age: 28 years; Maximum Age: 68 years, at the time of loan maturity

For Salaried Individuals:
Minimum Age: 23 years; Maximum Age: 58 years, at the time of loan maturity

Is the interest rate on my Personal Loan flat or reducing?

The Personal Loan interest rates that apply are reducing. This means that as the outstanding principal amount reduces, the interest payable on your loan also reduces.

What are the foreclosure charges that are applicable on my Personal Loan?

There is a lock-in period of six months. Post six months, if you foreclose your account, we will charge foreclosure charges of 5% on the principal outstanding amount.

Can I cancel my application after my loan has been approved? Are there any charges for the same?

Yes, you can cancel your application after you apply for a Personal Loan. There are no charges for cancelling an approved loan application. However, we would deeply regret the loss of your patronage. Please call us at 1860-500-9900 or write to us at customer.care@idfcfirstbank.com and we will help you with processing your cancellation request.

Are there any benefits of taking a Personal Loan from IDFC FIRST Bank?

IDFC FIRST Bank's Personal Loans come with a number of benefits that make them the right choice for financing your personal needs and emergencies:

  1. Online application: The application process is completely online and can be completed through our website or mobile app.
  2. Convenient: No need to provide income documents or visit our office; simply hand over the necessary documents to our representative.
  3. Quick: We disburse the loan within 2 working days after you have completed the documentation process.
  4. Flexibility: You can choose a Personal Loan amount of as little as Rs. 1 Lakh and going up to Rs. 25 lakhs.
  5. Easy Repayment: IDFC FIRST Bank offers convenient repayment in tenures ranging from 12 months to 60 months.
  6. No need for collateral: Our Personal Loans without security remove the need to put forward collateral.
  7. Borrow more if you need: You can borrow more money by using our top-up facility for existing borrowers

What are the documents that I need to provide to avail a Personal Loan?

IDFC FIRST Bank has made the documentation process simple for availing a Personal Loan. Our representative will collect the necessary documents at your convenience from your home or office.
Please provide a self-attested copy of any one document from each category, from the list given below:
Photo Identity Proof: Passport, PAN Card, Voter ID Card, Driving License, Aadhaar Card
Address Proof: Ration Card, Passport, Driving License, Voter ID Card, Bank A/C Statement, Electricity/Telephone Bill, Aadhaar Card, Sale Deed/ Property Purchase Agreement (For Owned Properties)
Please provide a self-attested copy of relevant documents from each category, from the list given below:
Income Proof: For Salaried Individuals: Last 3 months’/6 months’ bank statement (dependent on scheme) showing salary credits, Latest Salary Slip
For Self-Employed Individuals: 2 year's ITR, P&L and Balance Sheet for the last 2 years, Last 6 Month's Bank Statement Business proof: for Self- Employed Individuals: Qualification Certificate/Certificate of Practice (COP), Shop Act License/ MOA & AOA/ Sales Tax/ Vat registration/ Partnership Deed
*Requirement of Personal Loan documents might vary according to the scheme chosen.

What is the maximum loan that I can get under IDFC FIRST Bank’s Personal Loan?

ou can get a maximum of Rs. 25 lakhs as a Personal Loan. We give loans starting from Rs. 1 lakh. The loan amount that you can get depends on your eligibility which is arrived at by taking into consideration your credit limit and your existing liabilities.

What is the tenure for which I can apply for a Personal Loan?

At IDFC FIRST Bank, we know that loan repayment should be structured according to payment ability of our clients. That is why we offer flexible tenures so that the EMI is always affordable and serves your needs instead of being a burden. You can choose loan tenure between 12 months and 60 months when you take a IDFC FIRST Bank Personal Loan.

How can I know what my EMI amount is?

You can easily find out your EMI amount by using our Personal Loan EMI calculator. You just need to enter details of your loan amount, Personal Loan interest rate and click on the ‘Calculate’ button and we will let you know your EMI amount in an instant.

Can I change my EMI due date for my Personal Loan repayment?

No, you can’t change the EMI due date for your Personal Loan. Please feel free to contact us at 1860-500-9900 or write to us at customer.care@idfcfirstbank.com and we will be glad to assist you for any related query.

How can I repay my Personal Loan?

You can choose from a range of repayment methods for your Personal Loan. The options available are:

  1. Electronic Clearing Service (ECS)
  2. Post Dated Cheques (PDC)
  3. Through our mobile applications downloadable from Google Play or Apple App Stores.

How can I make an overdue payment on an EMI?

If you would like to make an overdue payment on an EMI, please login to the customer portal or mobile app available for download on Google Playstore and Apple App Store. You can also email us at customer.care@idfcfirstbank.com or call us on our help line number 1860 500 9900 to assist you further.

I have a question that is not listed here; what do I do?

We will be glad to help you with any questions regarding the Personal Loan from IDFC FIRST Bank. Please feel free to contact our customer representative at 1860-500-9900 or email us at customer.care@idfcfirstbank.com. If you have a more pressing matter to discuss, feel free to visit any of our branches and speak to our customer representatives.

VIEW ALL FAQS

X
X

Contact us

REGISTERED office:

IDFC FIRST Bank Ltd

KRM Tower, 7th Floor, No. 1,
Harrington Road, Chetpet,
Chennai - 600031, Tamil Nadu,
India

Corporate office:

IDFC FIRST Bank Ltd

Naman Chambers,
C-32, G-Block,
Bandra-Kurla Complex,
Bandra East, Mumbai - 400051,
India

IDFC FIRST Bank Customers

Toll Free No - 1800 419 4332
Email - Banker@idfcfirstbank.com

Capital First Customers

Toll Free No - 1860 500 9900
Email - Customer.Care@Capitalfirst.Com

X

For Media Contact

X

For Media Contact

X