What's special about us
CKYC Registry
-
Customer Service
Find all the help you need
Scan the QR, get our app, and find help on your fingertips
Help CenterSupport topics, Contact us, FAQs and more
-
Login
Are you ready for an upgrade?
Login to the new experience with best features and services
-
Login
Are you ready for an upgrade?
Login to the new experience with best features and services
- Accounts
-
Deposits
IDFC FIRST Bank Deposits
View all Deposits -
Loans
IDFC FIRST Bank Loans
View all Loans - Wealth & Insure
-
Payments
IDFC FIRST Bank Payments
View all Payments -
Cards
IDFC FIRST Bank Cards
View all Cards
- Corporate Account
-
Cash Management Services
IDFC FIRST Bank Cash Management Services
View all Cash Management Services - Supply Chain Finance
-
Corporate Lending
IDFC FIRST Bank Lending
View all -
Treasury
IDFC FIRST Bank Treasury
See more details - NBFC Financing
Find all the help you need
Scan the QR, get our app, and find help on your fingertips
Help Center
Support topics, Contact us, FAQs and more
Accounts
- IDFC FIRST Bank Accounts
-
Savings Account
-
Corporate Salary
Account -
Senior Citizens
Savings Account -
First Power
Account -
Current Account
-
NRI Savings
Account -
TASC Institutional
Account -
Savings Account
Interest Calculator
Deposits
- IDFC FIRST Bank Deposits
-
Fixed Deposit
-
Recurring Deposit
-
NRI Fixed Deposit
-
Safe Deposit Locker
-
FD Calculator
-
RD Calculator
Loans
- IDFC FIRST Bank Loans
-
Personal Loan
-
Consumer Durable
Loan -
Home Loan
-
Business Loan
-
Professional Loan
-
Education Loan
-
New Car Loan
-
Pre-owned Car Loan
-
Two Wheeler Loan
-
Pre-owned Two
Wheeler Loan -
Commercial Vehicle
Loan -
Gold Loan
-
Loan Against Property
-
Loan Against Securities
-
Easy Buy EMI card
-
Personal Loan
EMI Calculator -
Education Loan
EMI Calculator -
Home Loan
EMI Calculator
Wealth & Insure
- IDFC FIRST Bank Wealth & Insure
-
FIRST Select
-
FIRST Wealth
-
FIRST Private
-
Mutual Funds
-
Sovereign Gold Bond
-
Demat Account
-
Term Insurance
-
Life Insurance
-
Health Insurance
-
General Insurance
-
Bonds
-
Loan Against
Securities -
Portfolio Management
Service
Payments
- IDFC FIRST Bank Payments
-
FASTag
-
Credit Card
Bill Payments -
UPI
-
Funds Transfer
-
Forex services
-
Pay Loan EMI
Cards
- IDFC FIRST Bank Cards
-
Ashva :
Metal Credit Card -
Mayura :
Metal Credit Card -
FIRST Millennia
Credit Card -
FIRST Classic
Credit Card -
FIRST Select
Credit Card -
FIRST Wealth
Credit Card -
FIRST WOW!
Credit Card -
Forex Card
-
Deals
-
Debit Cards
-
Co-branded Cards
-
Credit Card
EMI Calculator -
FIRST Corporate
Credit Card -
FIRST Purchase
Credit Card -
FIRST Business
Credit Card
Premium Metal
- Premium Metal Credit Cards
-
AshvaLifestyle1% Forex₹2,999
-
MayuraLifestyleZero Forex₹5,999
-
FIRST PrivateInvite Only
0% Forex & Travel
- Best for travellers
-
MayuraZero ForexMetal₹5,999
-
Ashva1% ForexMetal₹2,999
-
FIRST WOW!Zero ForexTravelLifetime Free
-
FIRST SWYPTravel OffersEMI₹499
-
FIRST Select1.99% ForexLifestyleLifetime Free
-
FIRST Wealth1.5% ForexLifestyleLifetime Free
-
Club VistaraTravelLifestyle₹4,999
Lifetime Free
- Max benefits, Free for life
-
FIRST Classic10X RewardsShoppingNever Expiring Rewards
-
FIRST Millennia10X RewardsShoppingNever Expiring Rewards
-
FIRST Select10X RewardsLifestyle1.99% Forex
-
FIRST Wealth10X RewardsLifestyle1.5% Forex
-
FIRST WOW!RewardsTravelZero Forex
-
LIC ClassicRewardsInsuranceShopping
-
LIC SelectRewardsInsuranceShopping
10X Rewards
- Reward Multipliers
-
AshvaLifestyleMetal₹2,999
-
MayuraLifestyleZero Forex₹5,999
-
FIRST ClassicNever Expiring RewardsShoppingLifetime Free
-
FIRST MillenniaNever Expiring RewardsShoppingLifetime Free
-
FIRST SelectNever Expiring RewardsLifestyleLifetime Free
-
FIRST WealthNever Expiring RewardsLifestyleLifetime Free
UPI Cards
- Rewards & Credit on UPI
-
FIRST Power+FuelUPI₹499
-
FIRST PowerFuelUPI₹199
-
FIRST EA₹NVirtual1% Cashback₹499
-
FIRST DigitalVirtualUPI₹199
Fuel & Utility
- Fuel and Savings
-
FIRST PowerRewardsUPI₹199
-
FIRST Power+RewardsUPI₹499
-
LIC ClassicRewardsInsuranceShopping
-
LIC SelectRewardsInsuranceShopping
Showstopper
- Express and Flaunt
-
AshvaMetal1% Forex₹2,999
-
MayuraMetalZero Forex₹5,999
-
FIRST SWYPEMIOfferMAX₹499
-
FIRST MillenniaRewardsShoppingLifetime Free
Credit Builder
- FD Backed rewarding Credit Cards for all
-
FIRST EA₹NVirtualCashback₹499
-
FIRST WOW!Zero ForexTravelLifetime Free
-
CreditPro Balance TransferTransfer & SaveReduce InterestPay Smartly
More
NRI Savings Account
NRI Fixed Deposit
FOREX Solutions
- IDFC FIRST Bank NRI Forex Solutions
-
Send money to India-Wire transfer
-
Send money to India-Digitally
-
Send money abroad
-
Max Returns FD (INR)
Transfer to NRE
Corporate Account
Cash Management Services
Corporate Lending
Treasury
MSME Accounts
- IDFC FIRST Bank MSME Accounts
-
Platinum Current
Account -
Gold
Current Account -
Silver Plus
Current Account -
Merchant Multiplier
Account -
Agri Multiplier
Account -
TASC Institutional
Account -
Dynamic Current
Account -
World business
Account -
First Startup
Current Account
Trade Services
MSME Loan
- IDFC FIRST Bank Business Loans
-
Unsecured - Business Loan
-
Unsecured - Professional Loan
-
Secured - Loan Against Property
-
Working Capital Loan
-
Construction Equipment Loan
-
Machinery Loan
-
Healthcare Equipment Loan
MSME Solutions
- IDFC FIRST Bank Business Solutions
-
Payment Solutions
-
Tax Payments
-
Doorstep Banking
-
Point of Sale (POS)
-
Escrow Accounts
-
NACH
-
Payment Gateway
-
UPI
-
Virtual Accounts
Offers
About Us
Investors
ESG
-
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.
-
-
Trending
Products
QueriesMost 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 :
- Try checking the spelling and search
- Search from below suggestions instead
- Widen your search & try a more generic keyword
Suggested
Get a Credit Card
Enjoy Zero Charges on All Commonly Used Savings Account Services
Open Account Now
Enjoy Zero Mark-up on Forex Transactions on your FIRST WOW! Credit Card
Apply Now
Get the assured, FD-backed FIRST Ea₹n Credit Card
Apply Now
Avail Debt Consolidation Loan upto ₹10 lakhs
Get a hassle-free bill consolidation loan with zero paperwork
-
-
-
Personal Loan EMI Calculator
Loan amount
₹100K
₹10L
Loan term in months
9 Months
60 Months
Choose the Interest Rate
9.99%
38 %
Your EMI will be
₹2,174/Lakh
*Personal loan calculator is only for illustration purposes. For actual calculations refer to your Repayment Schedule & Loan Agreement.*T&C Apply
Apply for Digital Loan Online
A high interest long term debt can adversely affect your financial health and act as a roadblock to growing your savings. However, there are several quick, convenient, and simple ways to reduce it—one such solution is taking a single loan to consolidate your debt.
This prudent approach allows you to narrow your focus to just one bank loan, making it easier to manage your finances. Combining multiple debts on to a single loan simplifies repayment, with just one EMI to worry about.
What is a Debt Consolidation Loan?
A debt consolidation loan is a type of personal loan that allows you to consolidate multiple existing debts—such as outstanding credit card balances, or other personal loans—into a single loan with one fixed monthly repayment. By consolidating your debt into a single repayment plan, this loan simplifies your finances rather than requiring you to manage multiple due dates and interest rates. With it, all of your debts can be paid off with one loan, leaving you with only one debt to repay. With a debt consolidation loan from IDFC FIRST Bank, you can reduce financial stress, streamline your debt, and manage your budget more effectively. It provides you the convenience of a single EMI, zero foreclosure charges, lower interest rates, and higher loan amounts up to ₹10 lakhs for a healthier credit history.
Key Features of a Debt Consolidation Loan from IDFC FIRST Bank
Combines Multiple Debts
IDFC FIRST Bank allows you to take out a personal loan to pay off existing debts, such as credit card balances, personal loans, or other high-interest obligations. Instead of managing multiple payments with different interest rates and due dates, you consolidate them into one loan with a single monthly payment.
Lower Interest Rates
Instant personal loan offers competitive interest rates, starting at just 9.99% per annum, which can be lower than the rates on credit cards or other loans. This can reduce the total interest you pay over time, saving money compared to high-interest debts.
Flexible Repayment Terms
You can choose repayment tenures from 9 to 60 months, allowing you to tailor the loan to fit your budget. Longer terms can lower monthly payments, making them more manageable, though they may increase total interest paid.
Zero Foreclosure Charges
Digital Personal Loans offered by IDFC FIRST Bank has no penalties for early repayment, so you can pay off the loan ahead of schedule without extra costs, helping you become debt-free faster if your financial situation improves.
Simplified Financial Management
By consolidating debts, you only track one payment, reducing the risk of missed payments and late fees, which can also help improve your credit score over time if payments are made responsibly.
Quick Approval and Disbursal
IDFC FIRST Bank processes applications quickly, often approving loans within 30 minutes and disbursing funds instantly if you have a clean credit history and complete documentation. This allows you to pay off existing debts promptly. Check your Personal loan eligibility now!
Access More Funds On-Demand
You can apply for more loans up to your pre-qualified loan offer, without starting the application process from scratch. This gives your greater room to meet your financial needs, as and when you need. Looking for Loans, please refer to our range of EMI Calculators and calculate your monthly EMIs at competitive interest rates.
Debt consolidation loan eligibility and Documentation
Debt consolidation loan eligibility
The debt consolidation loan eligibility criteria at IDFC FIRST Bank can vary based on individual profiles. Generally, you should fulfil the following requirements:
-
-
-
-
Documents Required for Application
Simply present your physical PAN card during the video KYC process
-
Interest rate & fees for Debt Consolidation Loan
Check out the table below to know the debt consolidation loan interest.
Types of Fees | Applicable Charges |
Debt loan interest rate | Starting 9.99% |
Processing fees | Processing fees of up to 2% will be deducted from the loan amount at the time of disbursal |
Late payment fees | 2% of the unpaid EMI or Rs 300 whichever is higher. The late payment fees might be applicable from the date of default to the date of payment. |
Stamping Charges | As per actuals |
Personal loan EMI calculator
Use the IDFC FIRST Bank personal loan EMI calculator to instantly check your monthly EMI. Simply enter your loan amount, preferred tenure, and applicable interest rate—the calculator will provide your estimated EMI, helping you plan your repayments with ease.
How to apply for a debt consolidation loan online?
Step 1
Click on Apply Now to start your personal loan application process
Step 2
Register with your mobile number.
Step 3
Confirm basic details to check your eligibility.
Step 4
Choose your loan preferences and link your bank account.
Step 5
Once verified, receive the loan amount in your account within a few hours.
Our App Ratings
1.74 million+
Happy users
4.9
Play Store
4.8
App Store
Frequently Asked Questions
What is a debt consolidation loan?
A debt consolidation loan is a personal loan used to pay off existing debts. It simplifies your payments by consolidating multiple loans into a single monthly payment.
How to apply for a debt consolidation loan?
You can apply for a personal loan for debt consolidation through the IDFC FIRST Bank website or mobile banking app simply by scanning the QR code.
What is the eligibility criteria for a debt consolidation loan?
Eligibility criteria at IDFC FIRST Bank may differ based on individual profiles. Generally, you need to meet age and income requirements, as mentioned above.
Do debt consolidation loans go into your bank account?
Yes, the loan amount is deposited into your savings account with IDFC FIRST Bank, which you can then use to pay off your other loans.
What types of debts can I consolidate with a debt consolidation loan?
You can consolidate multiple high-interest debts, such as existing personal loans and credit card balances, into a single loan with IDFC FIRST Bank’s debt consolidation loan.
Will a debt consolidation loan affect my credit score?
Applying for a debt consolidation loan may result in a hard inquiry, causing a temporary dip in your credit score. However, consolidating your debts into a single loan can simplify your payments and, if you make timely repayments, you can improve your credit score over time.
How much can I borrow with a debt consolidation loan?
The sanctioned loan amount depends on your eligibility criteria and bank policies.
Do I need collateral for a debt consolidation loan?
No, IDFC FIRST Bank’s debt consolidation loan is an unsecured loan, meaning you do not need to provide any collateral.
Get FIRSTmoney Smart Personal Loan of Different Amounts
Different Types of Personal Loan for you
Travel Loan
Ready for your next getaway? With a FIRSTmoney smart personal loan, you can plan premium vacations, last-minute getaways, or long-awaited adventures without financial stress. Whether it’s an international trip or an unexplored destination in India, our smart personal loan offers competitive rates and quick disbursal, so you never have to compromise on your experiences.
Educational loans
Invest in your future with a FIRSTmoney smart personal loan. Whether it’s tuition fees, online certifications, coaching classes, or study material, this education loan gives you the financial freedom to upskill without disruption. With easy eligibility, fast processing, and flexible tenures, you can focus on learning while we take care of the funds.
Wedding Loan
Turn your wedding dreams into a reality with a FIRSTmoney smart personal loan. Tailored for your big day, this wedding loan helps you cover venue costs, outfits, decor, and more, without exhausting your savings or relying on high-interest credit cards. With quick approvals and flexible repayment options, you can focus on making memories while we take care of the finances.
Home Improvement Loan
Transform your house into your dream home with a FIRSTmoney smart personal loan. Whether you are upgrading your kitchen, revamping interiors, or adding new furniture, this home renovation loan helps you manage costs without dipping into savings. With minimal paperwork, fast approvals, and convenient EMIs, you can renovate stress-free.
Personal Loan Tips & Insights: Your Guide to Smarter Borrowing
Saving Account Content
Personal Loan Content
Home Loan Content
Credit Card Content
Mutual Fund Content
Fixed Deposit Content
