-
Customer care hotline Call 1800 10 888
Are you ready for an upgrade?
Login to the new experience with best features and services
Notifications
-
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.
-
Activate your Credit Card within minutes and enjoy unlimited benefits
Accounts
Deposits
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
Payments
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
0% Forex & Travel
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
Fuel & Utility
Showstopper
Credit Builder
More
NRI Savings Account
NRI Fixed Deposit
FOREX Solutions
Transfer to NRE
Corporate Account
Cash Management Services
Corporate Lending
Treasury
MSME Accounts
Trade Services
MSME Loan
MSME Solutions
Offers
About Us
Investors
Careers
IDFC FIRST Academy
ESG
Thanks to digital innovations, getting a personal loan is easier than ever. From instant approvals to same-day disbursals, today’s loan processes are meant for the borrower’s ease and convenience. This article explains all about personal loan disbursement – what is means, how it works, and how IDFC FIRST Bank makes it seamless for you!
What is the meaning of loan disbursement?
Loan disbursement refers to the process of transferring the approved loan amount from the lender to the borrower’s bank account. This occurs after all the necessary documentation and verification procedures are completed, signifying the formal release of funds for the borrower's use.
How IDFC FIRST Bank leverages technology for swift disbursals
Technology has revolutionised the personal loan disbursement process, making it faster, simpler, and more accessible. With digital lending, you can avail smart personal loans without ever visiting a bank branch. The entire process from application to disbursal can be completed online via a bank’s website or mobile app.
IDFC FIRST Bank is at the forefront of this transformation. Through platforms like its official website and mobile banking app, the bank enables customers like you to access quick personal loans with a completely digital, paperless process.
Here's how technology streamlines personal loan disbursement:
End-to-end digital journey
You can apply for a personal loan entirely online—no branch visits or paperwork required. With IDFC FIRST Bank’s FIRSTmoney smart personal loans, you get a fully digital process with only your Aadhaar card. You’ll need to display your PAN card to complete the video KYC procedure.
Instant eligibility & EMI checks
Before applying, you can check your eligibility criteria and use tools like the personal loan EMI calculator to plan repayment in advance. This transparency adds confidence and clarity to the borrowing process.
Faster document verification
Unlike manual processing in traditional setups, digital systems verify KYC documents within hours. With IDFC FIRST Bank, this verification is integrated seamlessly into the online journey, reducing delays and human errors.
Disbursal in just 30 minutes
Once approved, the loan amount is directly credited to your account—typically within 30 minutes. This is a game-changer, especially during emergencies.
Data-driven personalisation
IDFC FIRST Bank leverages AI, data analytics, and digital interfaces to enhance user experience. This ensures faster processing, better product matching, and improved loan approval rates.
How to track your IDFC FIRST Bank personal loan disbursement status
IDFC FIRST Bank offers multiple convenient methods to track the status of your personal loan disbursement:
- WhatsApp banking: Send "Hi" from your registered mobile number to 95555 55555 on WhatsApp. This service allows you to check your loan status, EMI schedules, and request documents like interest certificates.
- Customer care helpline: Call the 24x7 customer care number 1800 10 888. Ensure you have your loan application number or registered mobile number handy for verification.
- Online tracking via website:
- Visit the IDFC FIRST Bank loan application tracking page.
- Enter your registered mobile number and date of birth or application number to view your loan status.
- Mobile banking app:
- Download and log in to the IDFC FIRST Bank mobile app.
- Navigate to the 'Loans' section to view the status of your personal loan application.
By using these channels, you can stay informed about your personal loan disbursement status and ensure a smooth borrowing experience with IDFC FIRST Bank.
Top 5 tips to ensure faster loan disbursement
Go through the following tips to ensure a smooth loan disbursement process -
· Keep important documents handy
Ensure all required documents – just your PAN and Aadhaar cards when applying for a FIRSTmoney loan – are handy before you begin your loan application process.
· Use pre-approved offers
If eligible, opt for pre-approved loans for quicker processing and minimal verification.
· Choose online verification methods
Utilize digital KYC and e-signature options to speed up the approval process.
· Maintain a high credit score
A good credit score minimises scrutiny and improves your eligibility chances, resulting in faster loan approval. For FIRSTmoney loans, you need to maintain a minimum credit score of 730.
· Follow up proactively
Stay in touch with the lender to address any verification or documentation issues promptly.
Ready to apply? Use IDFC FIRST Bank’s personal loan eligibility calculator today!
Getting a personal loan is no longer a slow or complicated process, thanks to digitisation and streamlined banking practices. With the right lender like IDFC FIRST Bank and smart borrowing options like FIRSTmoney, you can benefit from high loan amounts that can go up to ₹10 lakhs, instant approvals & disbursals, competitive interest rates starting from 9.99%, multiple on-demand loans, and flexible repayment terms ranging from 9 to 60 months.
Conclusion
Make sure you apply with accurate documentation, track your application online, and manage repayments wisely to build a stronger credit profile over time. Check your personal loan eligibility today and apply for a FIRSTmoney loan that promises a smooth borrowing experience.
Disclaimer
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.