Zero Charges on 28 Commonly Used Savings Account Services
Customer care hotlineCall 1800 10 888
No dream is too big with IDFC FIRST Bank personal loan. From destination weddings to vacations, you can use an IDFC FIRST Bank personal loan to meet different requirements. Apart from helping you complete your bucket list, a personal loan can also help you out in times of emergencies and crisis.
Our hassle-free, digital application process helps you avail personal loan up to ₹1 Crore with Industry-best TAT. You can also choose flexible repayment tenures up to 84 months and get a personal loan at competitive interest rates.Read More
Get Personal Loans:
Max Loan Amount | ₹1,00,00,000 Max |
Max Loan Tenure | Up to 84 months |
Fixed Rate of Interest (on monthly reducing basis) | 10.75% p.a. to 36% p.a. |
Processing Fees | Up to 3.5% of the personal loan amount |
Part Payment | Flexibility to make up to 40%** part payment |
Go ahead and fulfill all your dreams with IDFC FIRST Bank Personal Loans!
Get a Personal Loan up to ₹1 Cr to fulfill all your dreams, or handle unforeseen crises
You do not need to provide any collateral or security while applying for a personal loan
You can get a seamless transfer of all your existing Personal Loan and Credit Card outstanding balances into a Personal Loan
EMI starts at as low as ₹1699 per lakh of personal loan disbursed
Personal Loans require minimal documentation, streamlining the application process and reducing paperwork.
Benefit from the option to insure your personal loan with a low premium than provided in the market
Enjoy the benefit of predictable and stable interest rates, ensuring a right anticipation of the Repayment Amount
*The EMI is calculated for ₹1 Lakh loan amount with upto 84 months tenure and 10.75% p.a. Fixed ROI (on monthly reducing basis).
**Only applicable on Smart PL . Allowed after initial 3 EMIs only using own funds. It can be one-time payment or a maximum of 3 payments , charges applicable to each payment
For Salaried Individuals:
Instant Personal Loan disbursal through digital loan journey:
Need urgent funds to meet your travel expenses? Apply online for Personal loan with IDFC FIRST Bank for travel and enjoy your dream vacation without digging into your savings or redeeming your investments. Get attractive interest rates and flexible repayment tenures. Salaried and first-time borrowers can apply for Personal Loan for travel.
Benefits of Personal loan for travel:
Meet your unexpected financial expenses with emergency personal loans. Get urgent funds without any collaterals at competitive interest rates. Apply for emergency personal loans online and get the amount in your bank account instantly after approval. Available to salaried as well as first-time borrowers.
Advantages of Personal loan for emergency:
Marriage, a key milestone in one’s life requires a substantial amount to meet its various expenses. Get convenient loans to meet wedding expenses with a Personal loan for marriage. No need to depend on your big savings or the long-term investments. Enjoy the ease of flexible repayments and affordable interest rates. Salaried individuals can apply for a Personal loan for marriage with IDFC FIRST Bank.
Advantages of Personal loan for marriage:
Hospitalisation and treatment costs can consume your life’s savings. Manage your medical expenses without any burden or withdrawing from your savings through Personal Loan. Apply online and receive the amount instantly after approval. Get affordable interest rates and convenient repayment tenures.
Advantages of Personal loans for medical purpose:
Managing multiple loans can be taxing. With debt consolidation loans, you can close off your other loans and pay a single loan instead. As a result, you need to worry about the EMIs for only one loan.
Get debt consolidation funds at attractive interest rates with convenient loan tenures. Apply for a Personal loan online to consolidate debt from anywhere, anytime. Salaried can opt for them.
Need urgent funds to meet your travel expenses? Apply online for Personal loan with IDFC FIRST Bank for travel and enjoy your dream vacation without digging into your savings or redeeming your investments. Get attractive interest rates and flexible repayment tenures. Salaried and first-time borrowers can apply for Personal Loan for travel.
Benefits of Personal loan for travel:
Meet your unexpected financial expenses with emergency personal loans. Get urgent funds without any collaterals at competitive interest rates. Apply for emergency personal loans online and get the amount in your bank account instantly after approval. Available to salaried as well as first-time borrowers.
Advantages of Personal loan for emergency:
Marriage, a key milestone in one’s life requires a substantial amount to meet its various expenses. Get convenient loans to meet wedding expenses with a Personal loan for marriage. No need to depend on your big savings or the long-term investments. Enjoy the ease of flexible repayments and affordable interest rates. Salaried individuals can apply for a Personal loan for marriage with IDFC FIRST Bank.
Advantages of Personal loan for marriage:
Hospitalisation and treatment costs can consume your life’s savings. Manage your medical expenses without any burden or withdrawing from your savings through Personal Loan. Apply online and receive the amount instantly after approval. Get affordable interest rates and convenient repayment tenures.
Advantages of Personal loans for medical purpose:
Managing multiple loans can be taxing. With debt consolidation loans, you can close off your other loans and pay a single loan instead. As a result, you need to worry about the EMIs for only one loan.
Get debt consolidation funds at attractive interest rates with convenient loan tenures. Apply for a Personal loan online to consolidate debt from anywhere, anytime. Salaried can opt for them.
A Personal Loan is a loan that helps you borrow money for any planned or unplanned, small or big expenses in your life, without any collateral or co signee.
You can avail a Personal Loan for that dream beach holiday or that perfect destination wedding or for the kitchen remodeling you have been postponing. Take care of your medical emergencies with our truly paperless Personal Loans. Get a Personal Loan from IDFC FIRST Bank at minimum interest rates for amounts starting from as low as Rs. 1 Lacs to Rs. 1 Crore.
No, Instant 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.
IDFC FIRST Bank Personal Loans are offered at competitive interest rates and through a truly paperless and online process. Get funds up to Rs. 1 Crore* for all your needs with a flexible tenure of up to 7 years.
*T&C Apply
IDFC FIRST Bank offers one of the lowest Monthly Reducing Rate of Interest on Personal Loans in the industry starting from 10.75%*p.a. We operate on the reducing rate principle. As the outstanding principal amount reduces, the interest payable on your loan also reduces.
*T&C Apply
You can apply for an IDFC FIRST Bank Personal Loan either online or at our branch.
Our Website: https://www.idfcfirstbank.com/personal-loan-application
Our Branches: https://www.idfcfirstbank.com/support/branches
IDFC FIRST Bank provides Personal Loan for salaried individuals. IDFC FIRST Bank will base your eligibility on your credit score, income, and your existing liabilities, which will be used to ascertain your credit worthiness.
Certain criteria must be completed in order to evaluate your online Personal Loan eligibility. Try our Personal Loan Eligibility Calculator here.
Here is a quick checklist which you can refer to before applying for a Personal Loan:
· Have a clear goal and a justifiable reason for taking a Personal Loan
· Conduct in-depth research to understand the options available to you
· As the rate of interest is crucial in decision-making, compare the Personal Loan interest rates before taking a call
· It is critical that you fulfill the eligibility criteria for the Personal Loan that you wish to apply for
· If you have a low credit score, your chances to get an online Personal Loan might be difficult. Please keep in mind that while you can consider a lender who is likely to approve your application it might come with higher interest rates.
· If you are applying for an online Personal Loan for the first time, ensure that you do not apply for multiple loans at the same time as it will impact your credit score.
Ensure that you follow the Do’s and Don’ts before applying for the Personal Loan as mentioned below:
Do's:
· Take a look at your credit reports
· Check eligibility and requisite documentations
· Compare Personal Loan interest rates
· Check for additional charges like application fees, prepayment charges etc.
Don’ts:
· Forget to check your credit score
· Proceed with the application without calculating your eligibility
· Apply with multiple Banks/ Financial Institutions at the same time
We would require a processing period of approximately 1-2 working days from the date of the completed application's online submission. This is subject to the submission of all needed documentation by IDFC FIRST Bank.
There are two methods for tracking the status of your Personal Loan
1. Via our Website -
Customer support > Under loans section, select Personal Loan > Popular tab > Loan Application Status > Personal Loan in the drop down and your mobile number.
2. Via Mobile Banking -
Log in to the app > Menu > Customer service > Loans > Track Loan Application > Enter your Loan Application Number & you will see the progress of your loan.
Click here to view the general fees & charges levied on a Personal Loan.
Yes, after your Personal Loan has been approved, you can cancel it.
Click here to know about our cancellation policy.
Enjoy our truly paperless and digital documentation process.
Click here to know more
You may raise a request by clicking on Customer Support on IDFC FIRST Bank's website under the section "Other Service Request" to know more
Our branches have a seamless process for updating details:
Step 1 -Please visit the nearest IDFC FIRST Bank Branch
Step 2 -Please carry along any one of the officially valid documents [OVD] - Passport, Driving License, Voter ID, Job Card issued by NREGA, Letter issued by National Population, Register Aadhaar card/ E-Aadhaar with you
Step 3 -An IDFC FIRST Bank representative will submit the request on your behalf and the details will be changed in 48 hour
Download your loan documents in few clicks –
A. Through IDFC FIRST Bank's Mobile Banking App
1. Login to Mobile Banking
2. Click on Loans(located at the bottom)
3. Under My Loans, click on the Loan you need the document of
B. Through IDFC FIRST Bank's Website
1. Go to the website - Click on customer support, under the Loans section, click on Personal Loan, scroll down to Document Related/EMI Related section you will get to see the below options
i. Repayment Schedule
ii. Statement of Loan Account
iii. Interest Certificate
2. Click on the option of your need
C. Through IDFC FIRST Bank's WhatsApp service
1. Message 'Hi' on our WhatsApp number 9555555555
There are two ways to get your No Due certificate:
1. You can call on 180010888 or drop us a 'Hi' on our WhatsApp number 9555555555
or
2. You may raise a request by clicking on Customer Support on IDFC FIRST Bank's website under the section "Other Service Request" to know more
You can make your overdue payments digitally.
Visit IDFC FIRST Bank's website > customer support > loans section > Personal Loan, and you will see the following options:
1. EMI Payment
2. EMI Details
3. Excess EMI Refund
Select the one that best meets your requirement
FEATURED
When you apply for a personal loan, lenders use the debt-to-income ratio to determine your eligibility. Hence, you must thoroughly understand what is debt-to-income ratio and the steps you can take to improve it. Read on to learn more.
IDFC FIRST Bank19 Jul 2023 • 3 mins read
31 Jul 2023 • 3 mins read
19 Jul 2023 • 3 mins read
13 Jul 2023 • 3 mins read
13 Jul 2023 • 3 mins read
Earn monthly interest credits on your savings account
Move to India's best lifetime Credit Card