From emergencies to experiences: 5 Ways to use a FIRSTmoney personal loan

When choosing a personal loan, numbers and features are important. But what often makes the decision easier is hearing how people like yourself have used the product in real life.

FIRSTmoney by IDFC FIRST Bank is not just a personal loan; it is a tool that adapts to your daily and long-term needs. The following stories show practical ways to use a FIRSTmoney personal loan and how it brings both financial and emotional relief.

1. Healthcare on time without panic
 

“The process was done in no time, and I had the amount in my account instantly.”

When Naveen had to arrange money quickly for a medical emergency in his family, a FIRSTmoney personal loan came to his rescue. The quick approval and disbursal time stood out as useful advantages of the personal loan, and he was able to stay calm instead of worrying about finances.

2. Cash flow management simplified
 

“The flexibility to withdraw funds as needed and zero foreclosure charges were a big plus.”

The favourable terms of a FIRSTmoney personal loan stood out to Harsh for their convenience and ease.

The kind of flexibility you get with a FIRSTmoney personal loan can be a game-changer when managing staggered expenses — like paying school fees when monthly cash flow is tight or handling phased payments during a home renovation. It also allows borrowers to plan how to repay their personal loan faster without worrying about extra charges.

3. Managing big celebrations without multiple loans
 

“I was amazed by the fast approval and minimal documentation.”

For Mohit, the ease of applying for a FIRSTmoney personal loan stood out. The fully digital onboarding and simple documentation process removed the usual stress of loan applications, allowing him to secure funds without running from one counter to another.

This is particularly important when planning large-scale events, such as weddings, festive gatherings, or milestone birthdays. You're already juggling multiple responsibilities — the speed and simplicity of FIRSTmoney personal loan ensures you get timely support, so you can focus on celebrating.

4. Simplifying loans for self-employed individuals
 

“I chose the FIRSTmoney personal loan because of its convenience and 100% paperless process.”

With straightforward eligibility criteria and a seamless application, FIRSTmoney greatly simplified borrowing for Mr. Santhosh. This also makes it very useful for self-employed individuals who do not have a lot of documents and face fluctuating incomes. Moreover, its flexible tenures, ranging from 9 to 60 months, make EMI planning easy and personal loan repayment comfortable.

5. Turning dreams into reality
 

“I opted for a FIRSTmoney Smart Personal Loan from IDFC FIRST Bank because of its excellent zero foreclosure charges.”

Mr. Senthilkumar was able to close his loan early without any penalties, helping him become debt-free sooner and save on interest. This is what makes a FIRSTmoney personal loan one of the smart ways to fulfil so many dreams — whether it’s travel, shopping, or pursuing a personal goal. Without dipping into your savings, you enjoy the freedom to splurge and repay early when you get your next bonus.

Why choose a FIRSTmoney personal loan for your needs
 

From urgent medical needs to dream celebrations, these real-life examples show us the different ways to use a FIRSTmoney personal loan. Some of its standout features that make it so versatile include:

1. Quick, 100% digital process so that you can apply and get funds in your account within minutes 
2. Minimal documentation with only your physical PAN card needed for video KYC 
3. Flexible tenures between 9 and 60 months that fit your income and lifestyle 
4. Competitive interest rates starting from 9.99% p.a.
5. Zero foreclosure charges if you choose to close the loan early
6. Real-time tracking so you always know your application status 
7. Trusted by millions and rated among the World’s Best Banks 2025 by Forbes, in partnership with Statista

How to use your FIRSTmoney personal loan smartly: Practical borrowing tips
 

A personal loan isn’t just about getting funds — it’s about using them wisely to reduce stress and improve financial well-being. Here are some tips to help you make the most of your FIRSTmoney personal loan:

1. Use wisely: You pay interest only on what you use, so you can avoid over-borrowing.
2. Match tenure with purpose: Short expenses like travel can be closed quickly, while bigger spends can be spread out.
3. Close early if possible: Use bonuses or extra income to close your loan faster. This is the easiest way to reduce interest expenses.
4. Keep EMIs consistent: Choose a personal loan repayment schedule that aligns with your salary cycle. You can choose an EMI date between the 3^rd and 8^th of a month.

Confident decisions start with the right loan

These examples prove there are many ways to use a FIRSTmoney personal loan in everyday life. Whether it’s for a medical emergency, education fees, or a family celebration, having access to this kind of credit gives you confidence. By learning how to use your personal loan smartly, you can manage unexpected needs while staying on track with your financial goals.

So, take control of your financial journey today, and choose a FIRSTmoney personal loan.