FIRST Millennia
FIRST Classic
FIRST Select
FIRST Wealth


  • Happy Teachers' Day! Thank you for teaching us the value of Savings

  • Home Loans, now at 6.90% p.a.

    Unlimited benefits with a start-to-finish digital process with IDFC First Bank Home Loans

    Home Loan
  • Activate your Credit Card within minutes and enjoy unlimited benefits

  • One FASTag, three payments:Toll, fuel and parking

    The only FASTag with triple benefits

How to get a pre-approved Personal Loan

pre-approved personal loan

A personal loan is a helpful tool that can be availed to meet immediate personal expenses like medical emergency, sudden loss of a job, or a non-pre-planned event. In such cases, a pre-approved Personal Loan is a suitable option for quick credit. It requires zero documentation, has an online paperless process, and at times, can also have low processing fees and low personal loan interest rates.

To get a pre-approved personal loan, all you need to do is:

  • Check your eligibility and documentation requirements
  • Have a good financial profile and relationship with institutions
  • Apply through the right channels


There are multiple factors which can help grant you a pre-approved loan. Some of the factors commonly considered are:

  • A disciplined repayment history
  • Responsible financial behaviour based on the latest credit report
  • A recent increase in your monthly income
  • Repayment of a significant amount of any existing loans 


Usually, banks offer pre-approved loans to its existing customers. This means that you don’t need any documentation to avail the loan.

If you’re not already an existing customer of the bank when applying for the loan, you may have to submit the following documents (may vary according to the scheme chosen):

  • PAN Card
  • Address proof (Aadhaar card, Voter ID, etc.)
  • 3 months’ bank statement

Things to do before applying for a pre-approved personal loan

Here are a few points to keep in mind while availing a personal loan:

  • Avoid too many loan applications
  • Consolidate debt as far as possible
  • Ensure you haven’t availed a personal loan in the last 6 months
  • Ensure your current EMIs do not exceed over two-thirds of your net take-home pay
  • Maintain a fair balance between secured and unsecured loans
  • Maintain a healthy credit score
  • Pay your credit card dues on time
  • Know how much you’ll have to pay back and how often you’ll have to pay, with the help of a personal loan EMI calculator

How to apply?

There are different ways to apply for a personal loan, and you can go with the one you find most convenient:

  • Online – This process is completely digital, and can be completed through our website or the IDFC FIRST Bank Loans app from the comfort of your home
  • Offline – You can visit the loan issuer’s office, fill up the necessary forms, and get your loan set up. You may take the assistance of the staff for all your needs.



The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.