CKYC Registry
IDFC FIRST Bank Deposits
View all DepositsIDFC FIRST Bank Loans
View all LoansIDFC FIRST Bank Payments
View all PaymentsIDFC FIRST Bank Cards
View all CardsIDFC FIRST Bank Cash Management Services
View all Cash Management ServicesIDFC FIRST Bank Lending
View allIDFC FIRST Bank Treasury
See more detailsCustomer care hotline Call 1800 10 888
As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
Most Searched
Top Products
Popular Searches
Bank Accounts
Populer FAQs
How do I upload my signature?
Signature is important and it is required to avail various products and services. To upload your signature
1. Go to More
2. Select Customer Service Dashboard
3. Select ‘Savings/Current Accounts’
4. Select ‘Upload Signature’ to upload your signature.
How do I track service requests which I have already raised?
That's easy! Follow these steps to track your service requests:
1. From the home page of the app, tap on "Customer Service" section
2. Scroll down to "Track my service requests" to find all your requests
Sorry!
We couldn’t find ‘’ in our website
Here is what you can do :
Suggested
Get a Credit Card
Enjoy Zero Charges on All Commonly Used Savings Account Services
Open Account NowEnjoy Zero Mark-up on Forex Transactions on your FIRST WOW! Credit Card
Apply NowGet the assured, FD-backed FIRST Ea₹n Credit Card
Apply NowLoan amount
Loan term in months
Choose the Interest Rate
Your EMI will be
*Personal loan calculator is only for illustration purposes. For actual calculations refer to your Repayment Schedule & Loan Agreement.*T&C Apply
IDFC FIRST Bank’s personal loan interest rates start at just 9.99% per annum. These rates are determined based on key factors such as your credit score, income stability, loan amount, loan tenure, and existing financial obligations.
Our personal loans are designed to offer flexible repayment terms, zero foreclosure charges, and a fully digital application process that ensures quick disbursal without compromising on transparency or convenience.
With a strong credit score and consistent repayment history, you can qualify for lower interest rates and tailor your loan to align with your financial goals. Use our personal loan EMI calculator to estimate your monthly payments instantly and make informed decisions with clarity.
Personal Loan Interest Rates June 2025 | ||
Personal Loan | Min ROI (Per Annum) | |
9.99% |
At IDFC FIRST Bank, our personal loan interest rates start as low as 9.99% per annum. These are calculated on a monthly reducing basis, meaning the interest is applied to the remaining principal amount at the end of each month. As you repay the principal, the interest component gradually decreases, which can result in significant savings, especially for longer-term loans. This makes it a great option for borrowers seeking the lowest interest rate personal loans.
We regularly update our rates to ensure you’re getting the best offer based on current market conditions. Check out our personal loan offerings for a loan with low interest that aligns with your financial goals.
Your credit score is one of the most significant indicators of your creditworthiness. A higher score, typically 730 and above, reflects strong repayment behaviour and may qualify you for more favourable interest rates.
Lenders evaluate your monthly income and the stability of your employment to gauge your repayment capacity. Individuals with a consistent income and longer job tenure in reputed organisations are often offered better rates.
A lower debt-to-income ratio indicates sound financial management. If you have fewer existing EMIs or liabilities, you are more likely to get offered a competitive interest rate.
The amount you wish to borrow and the duration of the loan also influence the rate. Typically, shorter tenures and lower loan amounts may attract slightly lower rates, depending on your overall profile.
If you have an existing relationship with the lender—through savings accounts, credit cards, or previous loans—you may benefit from preferential rates as part of customer loyalty programs or internal assessments.
Salaried professionals working with government bodies, PSUs, or large corporates are often considered low-risk applicants, while self-employed individuals may be evaluated with different parameters, possibly impacting the offered rate.
Here is the list of charges and fees on IDFC FIRST Bank personal loans.
Type of Charge | Fee/Charge |
Processing fee | 2% of the total loan amount (incl. GST) |
Rate of interest | Starting from 9.99% |
Stamping charges | As per State’s Stamp Act |
Penalty on overdue EMIs | 2% of unpaid EMI |
EMI bounce charges | EMI Bounce Charges 7.5% of the EMI/ Outstanding amount (minimum ₹ 400 & maximum ₹ 1000) |
Payment swap charges | ₹500 + taxes per instance |
Foreclosure charges | NIL (Foreclosure requires a sanction letter) |
Part Pre-Payment | Not allowed |
EMI Pickup/Collection charges | ₹500 |
Duplicate No Objection Certificate | ₹500 |
Physical Statement of Account | ₹500 |
Document retrieval charges | ₹500 |
Cooling-off period | 3 days (Loan can be cancelled without penalty within 3 days) |
GST is applicable on all service charges.
It's essential to review these personal loan fees and charges before applying, as they can be subject to revisions by the bank.
Click here for more details on personal loan fees and charges
Get competitive rates starting at 9.99% p.a., one of the lowest interest rate options available.
With our monthly reducing interest rate, you can manage your loan more effectively, paying less interest over time.
With ZERO foreclosure charges, you can repay your loan early without any additional fees, perfect for borrowers looking for flexibility.
FIRSTmoney offers the flexibility to obtain more funds on the go, without starting the application process from scratch.
The interest rate for a personal loan depends on various factors such as your credit score, loan amount, and tenure. At IDFC FIRST Bank, our personal loan interest rates start at 9.99% and can go up to 23.99% depending on your eligibility. We offer some of the lowest interest rate loans in the market.
To qualify for a low interest personal loan, you need a strong credit history (CIBIL score of 730+). Additionally, your income level, employment status, and repayment capacity also impact the interest rate. IDFC FIRST Bank offers loans at low interest rates for eligible borrowers.
A personal loan with reducing interest rate calculates interest on the remaining principal amount at the end of each month. As you repay the principal, the interest amount reduces, saving you money in the long term. This is ideal for those looking for the lowest interest rate personal loan options.
Yes, if you meet the eligibility criteria such as a high credit score and stable income, you can qualify for a personal loan with the lowest interest rate starting from 9.99% p.a. at IDFC FIRST Bank.
No, IDFC FIRST Bank offers zero foreclosure charges. This means you can repay your loan early without incurring any penalties, making it an attractive option for those seeking a loan with low interest and flexible repayment terms.
Several factors affect your personal loan interest rate, including:
With IDFC FIRST Bank’s low interest personal loan, the EMI is calculated based on the reducing balance method. As the principal reduces each month, so does the interest, resulting in smaller EMIs over time. Use our online EMI calculator to estimate your monthly payments based on your personal loan interest rate and tenure.
Yes, IDFC FIRST Bank offers a quick and fully digital process to apply for a personal loan with a low interest rate online. You can receive the funds within 24 hours of approval, making it a convenient option for urgent financial needs.
The personal loan interest rate at IDFC FIRST Bank is calculated based on the principal amount, tenure, and applicable interest rate. The loan EMIs are based on the reducing balance method, where interest is charged on the outstanding loan balance. You can use the IDFC FIRST Bank personal loan EMI calculator to quickly determine your monthly payments based on the loan amount, tenure, and interest rate.
For a personal loan of ₹1 lakh at an interest rate of 9.99% per annum for a tenure of 1 year, the total interest payable would be approximately ₹5,799, making the total repayment amount around ₹1,05,799. The exact interest may vary based on the selected tenure and repayment schedule. Use the EMI calculator to get precise calculations tailored to your preferences.
IDFC FIRST Bank offers personal loans at a competitive interest rate starting from 9.99% per annum. The final rate depends on factors such as credit score, repayment capacity, loan tenure, and the requested loan amount. Customers with higher credit scores may be eligible for preferential rates.
If you take a ₹20 lakh personal loan at an interest rate of 9.99% per annum for 5 years, your approximate EMI would be ₹43,586. To get accurate EMI estimates based on different tenures and amounts, you can use the IDFC FIRST Bank Personal Loan EMI Calculator.
To be eligible for an IDFC FIRST Bank personal loan, the minimum monthly salary requirement is ₹25,000. It may vary depending on the applicants and their location. Applicants must also meet the credit score criteria and provide valid income proof. Higher incomes and credit scores can enhance eligibility and help secure better loan terms.
According to the bank’s policy, the active loan offer is updated only when all EMIs of the ongoing loan are fully paid. Once repaid, the approved offer will be replenished accordingly.
The repo rate is the interest rate at which the Reserve Bank of India (RBI) lends short-term funds to commercial banks. Fluctuations in the repo rate can impact personal loan interest rates. FIRSTmoney personal loans come with fixed interest rates. However, changes in the repo rate may influence overall lending trends and future rate offerings by the bank.
The interest rate is the base rate charged on your loan amount, while the APR (Annual Percentage Rate) includes the interest rate and applicable fees such as processing charges. With IDFC FIRST Bank’s FIRSTmoney, interest and fees are transparently disclosed to all customers, helping you compare true loan costs.
A low CIBIL score usually results in the bank charging a higher interest rate or rejecting the loan application. So, you must maintain an optimal CIBIL score for getting a personal loan. To apply for a FIRSTmoney smart personal loan, you need a CIBIL score of 730 or higher. The bank also evaluates other parameters like income and employment type to offer competitive interest rates.
In a flat-rate loan, interest is calculated on the original principal amount, leading to fixed monthly payments and a larger total interest payment. Alternatively, a reducing balance loan such as FIRSTmoney, calculates interest based on the outstanding loan balance, which decreases over time as you repay the loan, resulting in lower overall interest costs and lower monthly payments.
Your credit score directly affects the interest rate you're offered. With a credit score of 730+, you're more likely to receive low-interest personal loan offers from IDFC FIRST Bank’s FIRSTmoney with flexible tenures and on-demand loan access.
Shorter tenures result in a lower total interest outgo but come with higher EMIs. Longer tenures slightly increase the total interest payment on the loan but lower your monthly EMI burden. So, choosing the right loan tenure can help you plan your loan better. FIRSTmoney allows you to choose a tenure from 9 to 60 months, offering flexibility to match your budget.
While interest rates are based on your credit profile, individuals with lower financial liabilities or existing customers of IDFC FIRST Bank may be eligible for customised personal loan offers with competitive rates, depending on the bank's policy.
Usually, a personal loan for self-employed individuals comes with higher rates due to their variable income patterns. However, FIRSTmoney evaluates your financials digitally and offers fair rates if you meet the required eligibility criteria.
No. Since IDFC FIRST Bank’s FIRSTmoney offers fixed interest personal loans, your rate remains unchanged throughout the repayment period.
No. FIRSTmoney maintains complete transparency in its fees and charges, ensuring you are aware of the total cost upfront, including GST and processing charges.
In most cases, personal loan interest is not tax-deductible unless used for specific purposes like home renovation or business investment. Consult a tax advisor for case-specific guidance.
Yes. FIRSTmoney personal loans come with a fixed rate structure, ensuring predictable monthly repayments and better financial planning over the tenure.
Happy users
Play Store
App Store