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  • Download IDFC FIRST Mobile Banking App On The App Store
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Personal Loans

At IDFC FIRST Bank, we want to help you achieve your personal dreams. So, we have made it easy to get the finances you need, with a paperless and hassle-free application process.Read More

You can get personal Loans of up to ₹40 lakhs with competitive interest rates starting at 10.49%, and the flexibility to make up to 40%* part payment. You can also transfer your existing Personal Loan/Credit Card, and enjoy amazing benefits, including affordable rates and flexible loan tenure ranging from 6 months to 60 months. Fulfil every dream, and live life to its fullest with IDFC FIRST Bank by your side.Read Less

CALCULATOR

Personal Loan EMI Calculator

Amount

1L 50L

Period

1 Year 30 Year

Interest Rate

8 % 15 %

You will pay an EMI of only monthly

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  • image alt
    Surojit Mukherjee

    "IDFC FIRST Bank does what it commits. I availed personal loan in a hassle-free manner. Their service orientation of employees is state-of-the-art. All the best for the future!"

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    Ravi Bhushan

    "My sincere thanks to IDFC FIRST Bank for making life so simple through their simplified personal loan process. I have also opened a Savings Account, and considering the services offered by the bank, I’ll proudly refer the IDFC FIRST Bank to my peers – truly a Customer first bank."

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    Ajay Das

    "I had applied for a loan at IDFC FIRST Bank and it got disbursed quickly. I am really impressed with the commitment level of the bank employees."

ELIGIBILITY

Who Can Apply?

For Salaried Individuals:

  • Minimum Age: 23 years
  • Maximum Age: at the time of loan maturity - 60 years or retirement, whichever comes first

For Self-Employed Individuals:

  • The business must have been in existence for a minimum period of 3 years
  • Minimum Age: 25 years
  • Maximum Age: 65 years at the time of loan maturity

Documentation

Instant Personal Loan disbursal through digital loan journey:

  • Any valid digital ID proof for KYC
  • 3 months’ bank statement
  • Net Banking or Debit Card details to set up e-Mandate
  • eSign/eStamp for faster disbursal

More Details

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FEES & CHARGES

Enjoy pocket-friendly
interest rates

View Fees & Charges

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FREQUENTLY ASKED QUESTIONS

What is a Personal Loan?

Personal Loans help you borrow money for expenditure of a personal nature – whether for an emergency, education, vacation or any other need like a wedding in the family. You can enjoy great interest rates with IDFC FIRST Bank Personal Loans ranging from ₹20k to ₹40 lakhs, with flexible tenures ranging between 1 to 5 years.

Why should I take a Personal Loan from IDFC FIRST Bank?

You can avail a Personal Loan from IDFC FIRST Bank for a wide variety of reasons such as weddings, holidays, education, home renovation or emergencies. Personal Loans can help you address your immediate needs and can also be used for borrowing money for not-so-urgent personal expenses. IDFC FIRST Bank offers loans up to ₹40 lakhs, at pocket-friendly EMIs starting at ₹2,162/lakh*, with flexible repayment tenures of up to 5 years.

Do I need to provide any security or collateral to apply for a Personal Loan?

IDFC FIRST Bank Personal Loans are not secured by any collateral or security, and are disbursed at the discretion of the Bank, based on the creditworthiness of the borrower. There is no need for any co-signee or guarantor either.

Will I have to visit an IDFC FIRST Bank branch to get an online Personal Loan?

No, you do not have to visit the IDFC FIRST Bank branch to apply for a Personal Loan. You can apply for online Personal Loan by clicking here or apply on our mobile app which can be downloaded from Google Play store

Who can apply for IDFC FIRST Bank Personal Loan?

IDFC FIRST Bank provides an instant Personal Loan online for both self-employed and salaried individuals. In order to determine your online Personal Loan eligibility , you have to meet certain parameters. We establish eligibility by simply asking a few questions through a form that is available on our website and mobile app. IDFC FIRST Bank will also base your eligibility on your credit score, income, and your existing liabilities, which will be used to ascertain your creditworthiness.

Is the interest rate on my Personal Loan flat or reducing?

We have one of the lowest interest rate Personal Loans. As such, our Personal Loan interest rates that apply are reducing. This means that as the outstanding principal amount reduces, the interest payable on your loan also reduces.

More FAQs

Personal Loan Blogs

FEATURED

Here’s how a personal loan can be used to fund your education

It’s not uncommon for someone to get accepted at a university, and realise that the total budget required exceeds their current savings. One may also want to enrol for an education program abroad but for some reason, could be deemed ineligible for an education loan.

IDFC FIRST BankMay 05 • 3 mins read

Read Full Story

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