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

Online Personal Loan: Steps to apply and tips to ensure a smooth application

instant personal loan application

Today, everything is available online - from grocery and food to electronics and furniture. Even financial products like personal loans can be availed over the internet.

You can apply for an IDFC FIRST Bank personal loan in just four simple steps.

  • Stage 1: Online application
    Go to the IDFC FIRST Bank website and check your personal loan eligibility. If you are eligible, then you can apply for an instant personal loan by filling an online application form on IDFC FIRST Bank website or on IDFC FIRST Bank Loans app.
  • Stage 2: Approval
    Based on your eligibility, your loan request will be approved.
  • Stage 3: Document Uploads
    Upload the documents needed for verification.
  • Stage 4: Disbursal
    After verification, the loan amount will be disbursed into your account.

As you can see, the process is almost entirely online. This makes a personal loan convenient. However, to ensure that your loan application and approval is smooth, you need to ensure a few things:

Check your credit score

Your Credit Score is an important factor that can affect the chances of your loan being approved. If your credit score is low, lenders may reject your application or the personal loan interest rate levied may be high. Hence, it is advised to check your credit score before you apply for an instant personal loan.

Check your debt-to-income ratio

Lenders check your debt-to-income ratio to assess if you would be able to repay the loan. It can be calculated by dividing your total monthly outgo by your gross monthly income. The monthly outgo includes your rent, loan payments, credit card bills and other dues, except utilities and household expenses and taxes. The lower your DTI, the less risky you seem to lenders.

Get a co-signer

If your credit score is not up-to-the-mark or your DTI ratio is high, get someone to vouch for your trustworthiness. You can do this by getting a co-signer for the loan. You can choose a family member or a friend with a good CIBIL score. This can help in getting the loan approved.

Compare and choose a lender

The eligibility criteria for a personal loan of every lender is different. Compare the eligibility criteria and choose one that meets yours.

Keep the required documents at hand

Ensure that all your documents are ready for verification before you apply for the loan. Some commonly asked for documents include -

  • Identity and address proof
  • Salary slips/Income proof
  • Bank statement

Keeping these documents at hand can help get the online personal loan approved in just a few clicks. Visit our website or download IDFC FIRST Bank Loans App to apply now.



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.