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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.
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The best time to celebrate YOU, is now!
₹1 Cr. at attractive interest rates. Get funds for every need
The best time to celebrate YOU, is now!
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Competitive personal loan interest rates starting at 10.49%
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Completely digital paperless online personal loan application process
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Balance transfer of existing Personal Loans and Credit Cards at affordable rates
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Flexible tenure up to
60 months
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Competitive personal loan interest rates starting at 10.49%
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Completely digital paperless online personal loan application process
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Balance transfer of existing Personal Loans and Credit Cards at affordable rates
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Flexible tenure up to
60 months
Personal Loans
No dream is too big with IDFC FIRST Bank online personal loans. From destination weddings to vacations, you can use an IDFC FIRST Bank personal loan to meet different requirements. Apart from helping you complete your bucket list, a personal loan can also help you out in times of emergencies and crisis.
Our hassle-free, digital application process helps you apply for personal loans instantly within minutes. You can also choose flexible repayment tenures up to 60 months and get a personal loan at competitive interest rates.Read More
Get Personal Loans:
| Max Loan Amount | 1,00,00,000 |
| Max Loan Tenure | Up to 60 months |
| Interest Rate | 10.49% to 36% |
| Processing Fees | Up to 3.5% of the loan Amount |
| Part Payment | Flexibility to make up to 40%* part payment |
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
Features of Personal Loan
Go ahead and fulfill all your dreams with IDFC FIRST Bank Personal Loans!
Loans Up to 1 Cr
Get a loan up to ₹1 Cr to fulfill all your dreams, or ward of any moment of crisis
No Collateral / Security Required
You do not need to provide any collateral or security while applying for a personal loan
Balance Transfer for external Personal Loans and Credit Card Balances
Get a seamless transfer of all your existing Personal Loans and credit card outstanding balances
EMI Starting from ₹2149 per Lakh*
EMI starts at as low as ₹2149 per lakh of personal loan disbursed
No Physical Documentation
Apply for IDFC FIRST Bank Personal Loan online. Focus more on your needs and spend less time on physical documentation like Salary Slip, Bank Statement etc.
Insurance
Benefit from the option to insure your personal loan with a low premium than provided in the market
Debt Consolidation
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
*The EMI is calculated for Rs.1 Lakh loan amount with 60 Months tenure and 10.49% interest rate.
CALCULATOR
Personal Loan EMI Calculator
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Surojit Mukherjee
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Ravi Bhushan
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Ajay Das
Benefits of IDFC FIRST Bank Personal Loan
Quick and Hassle-free Digital Journey*
- We have designed a completely digital solution for you to give a seamless experience in the application journey. Now you do not need to visit a branch or meet our sales executive - your loan disbursal is just a click away. To note, our Personal loans come with a super-fast and efficient process, capable of approval in less than 5 minutes and instant disbursal in less than 30 minutes.
*T&C Apply
Best of Both Worlds*
- Our Personal Loans come with a tenure of up to 60 months & the best-in-class Personal Loan interest rate for salaried individuals. For the self-employed, it comes with a special loan approval process using only the Banking Statement and no requirement of other financial documents.
*T&C Apply
How to apply for a Personal Loan online?
IDFC FIRST Bank has made it easy to open a bank account or apply for an online personal loan. You can apply for personal loans online by filling out an application form and answering a few mandatory questions. They can help us evaluate your eligibility as an applicant.
Follow these steps to avail yourself of an instant personal loan.
Step 1: Online personal loan application
Login to the IDFC FIRST Bank Mobile Banking App and apply for a Personal Loan online
Step 2: Instant personal loan approval
Your request for an online loan will be approved after you pass the eligibility check
Step 3: Upload documents
Complete the online personal loan verification process by uploading the documents.
Step 4: Disbursal of online personal loan
After the bank verifies your personal information, the online loan’s amount is transferred instantly post verification to your account. IDFC FIRST Bank’s loan application process is seamless right until the disbursal of the loan.
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:
- Valid KYC
- Three months’ bank statement
- Net Banking or Debit Card details to set up e-Mandate
FEES & CHARGES
Enjoy pocket-friendly
interest rates
FREQUENTLY ASKED QUESTIONS
What is a Personal Loan?
IDFC FIRST Bank’s personal loans help you borrow money for expenses during financial emergencies, for going on a vacation, or for other personal expenses such as a wedding in the family. You can avail a personal loan at minimum interest rates for amounts ranging from ₹20,000 to ₹1 crore and for tenures ranging between six months and five years.
Why should I take a lowest rate interest Personal Loan?
You can apply online for personal loans from IDFC FIRST Bank for a wide variety of reasons such as weddings, holidays, education, home renovation, and for emergencies. Personal Loans can help address your immediate needs and can also be used for borrowing money for not-so-urgent personal expenses.
Do I need to provide any security or collateral to apply for an instant Personal Loan?
Instant Personal Loans are not secured by any collateral or security and are disbursed at the discretion of IDFC FIRST Bank, based on the creditworthiness of the borrower. There is also no need for any co-signee or guarantor either. We provide you with instant Personal Loan online without security so that you can get easy access to credit for your personal needs.
Will I have to visit an IDFC FIRST Bank branch to apply for personal loan online?
No, you do not have to visit the IDFC FIRST Bank branch to apply for an online personal loan. You can simply visit our website and apply for online loan by clicking here or from our mobile app which can be downloaded from here.
Who can apply for IDFC FIRST Bank Personal Loan?
IDFC FIRST Bank provides an online personal loan for self-employed and salaried individuals. To determine your online personal loan eligibility, you must meet certain parameters. We establish eligibility by asking you 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 rates for online personal loans. As the outstanding principal amount reduces, the interest payable on your loan also reduces.
What are the must-knows while applying for your Personal Loan?
Here are some tips that you need to keep in mind before applying for personal loan:
· Have a clear goal and a justifiable reason for taking a personal loan
· Conduct in-depth research to understand the options available to you
· As the rate of interest is crucial in decision-making. Compare the interest rates before taking a call on your Personal Loan that you wish to apply for
· It is critical that you check the eligibility criteria for the Personal Loan that you wish to apply for, and that you fulfil the same
· Check if your credit score is good enough for your application to be accepted. A credit score of 750 and above has a higher chance of getting the personal loan approved.
· If you have a low credit score, your chances to get an online personal loan might be difficult. Please keep in mind that while you can consider a lender who is likely to approve your application it might come with higher interest rates.
· If you are applying for an online personal loan for the first time, ensure that you do not apply for multiple loans at the same time.
What are the Do’s and Don’ts to keep in mind when applying for personal loan?
Ensure that you follow the Do’s and Don’ts before applying for the personal loan as mentioned below
Do:
· Take a look at your credit reports
· Check eligibility and requisite documentations
· Compare APR
· Check for additional charges like application fees, prepayment charges etc.
Don’t:
· Forget to check your credit score
· Accept the loan without analysing multiple online loan options
· Proceed with the application without calculating your credit amount
· Miss out on comparing the interest rates from different banks
Is a personal loan available for a holiday or travel?
Yes, apply for a travel loan online. However, carry out a due estimation of your repayments and plan for them before the application process.
How much time will it take for credit decisioning on my personal loan application?
At IDFC FIRST Bank, we have an instant loan approval and decisioning process . After submission of your complete document(s), the loan application is logged in post which you can expect the first credit decisioning on your personal loan application within two working days. In cases where field verification is required, it might take an additional two working days, subject to customer availability. Do make sure you check the necessary document(s) thoroughly before you submit your application.
Types of Personal Loan
Small Loans
Get short term unsecured loans for your capital needs. Enjoy quick access to funds with a range of convenient repayment options. First-time borrowers, salaried, and self-employed individuals are eligible for small loans. Apply online from anywhere and anytime!
Advantages of small Personal loan with IDFC FIRST Bank:
- Quick access to funds during financial emergencies
- Digital and paperless application process
- Competitive interest rates, starting at 10.49%
- Convenient repayment options ranging up to 60 months
- Funds transferred directly into your bank account after approval
Travel Loans
Need urgent funds to meet your travel expenses? Apply online for Personal loan with IDFC FIRST Bank for travel and enjoy your dream vacation without digging into your savings or redeeming your investments. Get attractive interest rates and flexible repayment tenures. Salaried, self-employed, and first-time borrowers can apply for Personal Loan for travel.
Benefits of Personal loan for travel:
- Easy access to funds to meet your travel expenses
- Paperless application process available 24*7
- Attractive interest rates starting just at 10.49%
- No guarantor or collateral required
- Convenient repayment tenure up to 60 months
Emergency Personal Loans
Meet your unexpected financial expenses with emergency personal loans. Get urgent funds without any collaterals at competitive interest rates. Apply for emergency personal loans online and get the amount in your bank account instantly after approval. Available to salaried, self-employed individuals as well as first-time borrowers.
Advantages of Personal loan for emergency:
- Handle with your financial urgencies quickly
- Enjoy easy online application process with completely digital verifications
- Quick approvals and disbursals
- No collateral required to apply for emergency personal loans
- Flexible repayment tenure up to 60 months
- Attractive interest rates starting at 10.49%
Marriage Loans
Marriage, a key milestone in one’s life requires a substantial amount to meet its various expenses. Get convenient loans to meet wedding expenses with a Personal loan for marriage. No need to depend on your big savings or the long-term investments. Enjoy the ease of flexible repayments and affordable interest rates. Both salaried and self-employed individuals can apply for a Personal loan for marriage with IDFC FIRST Bank.
Advantages of Personal loan for marriage:
- Get a large amount up to ₹1 crore
- Convenient application process and instant disbursal after loan approval
- Apply online from anywhere and anytime
- Affordable interest rates starting at 10.49%
- No security required to apply for a marriage loan
- Flexible repayment terms ranging up to 60 months
Medical Loans
Hospitalisation and treatment costs can consume your life’s savings. Manage your medical expenses without any burden or withdrawing from your savings through Personal Loan. Apply online and receive the amount instantly after approval. Get affordable interest rates and convenient repayment tenures. Salaried, as well as self-employed individuals can apply for Personal loan for medical purpose.
Advantages of Personal loans for medical purpose:
- Apply online for Personal loan from anywhere and anytime
- Get the amount within a few hours of application
- Completely digital verification process for your convenience
- Get high loan amounts up to ₹1 crore for your medical expenses
- No collateral or security needed
- Affordable interest rates starting at 10.49%
Debt Consolidation Loans
Managing multiple loans can be taxing. With debt consolidation loans, you can close off your other loans and pay a single loan instead. As a result, you need to worry about the EMIs for only one loan.
Get debt consolidation funds at attractive interest rates with convenient loan tenures. Apply for a Personal loan online to consolidate debt from anywhere, anytime. Salaried, as well as self-employed individuals can opt for them.
- Consolidate all your debts conveniently into a single loan and manage it better
- Digital and paperless process
- Funds transferred directly to your bank account
- Competitive interest rates starting at 10.49%
- No collateral or security required for debt consolidation loans
- Flexible repayment tenures between 6 months to 5 years
- Easy repayment options to foreclose your loans
Small Loans
Small Loans
Get short term unsecured loans for your capital needs. Enjoy quick access to funds with a range of convenient repayment options. First-time borrowers, salaried, and self-employed individuals are eligible for small loans. Apply online from anywhere and anytime!
Advantages of small Personal loan with IDFC FIRST Bank:
- Quick access to funds during financial emergencies
- Digital and paperless application process
- Competitive interest rates, starting at 10.49%
- Convenient repayment options ranging up to 60 months
- Funds transferred directly into your bank account after approval
Travel Loans
Travel Loans
Need urgent funds to meet your travel expenses? Apply online for Personal loan with IDFC FIRST Bank for travel and enjoy your dream vacation without digging into your savings or redeeming your investments. Get attractive interest rates and flexible repayment tenures. Salaried, self-employed, and first-time borrowers can apply for Personal Loan for travel.
Benefits of Personal loan for travel:
- Easy access to funds to meet your travel expenses
- Paperless application process available 24*7
- Attractive interest rates starting just at 10.49%
- No guarantor or collateral required
- Convenient repayment tenure up to 60 months
Emergency Personal Loans
Emergency Personal Loans
Meet your unexpected financial expenses with emergency personal loans. Get urgent funds without any collaterals at competitive interest rates. Apply for emergency personal loans online and get the amount in your bank account instantly after approval. Available to salaried, self-employed individuals as well as first-time borrowers.
Advantages of Personal loan for emergency:
- Handle with your financial urgencies quickly
- Enjoy easy online application process with completely digital verifications
- Quick approvals and disbursals
- No collateral required to apply for emergency personal loans
- Flexible repayment tenure up to 60 months
- Attractive interest rates starting at 10.49%
Marriage Loans
Marriage Loans
Marriage, a key milestone in one’s life requires a substantial amount to meet its various expenses. Get convenient loans to meet wedding expenses with a Personal loan for marriage. No need to depend on your big savings or the long-term investments. Enjoy the ease of flexible repayments and affordable interest rates. Both salaried and self-employed individuals can apply for a Personal loan for marriage with IDFC FIRST Bank.
Advantages of Personal loan for marriage:
- Get a large amount up to ₹1 crore
- Convenient application process and instant disbursal after loan approval
- Apply online from anywhere and anytime
- Affordable interest rates starting at 10.49%
- No security required to apply for a marriage loan
- Flexible repayment terms ranging up to 60 months
Medical Loans
Medical Loans
Hospitalisation and treatment costs can consume your life’s savings. Manage your medical expenses without any burden or withdrawing from your savings through Personal Loan. Apply online and receive the amount instantly after approval. Get affordable interest rates and convenient repayment tenures. Salaried, as well as self-employed individuals can apply for Personal loan for medical purpose.
Advantages of Personal loans for medical purpose:
- Apply online for Personal loan from anywhere and anytime
- Get the amount within a few hours of application
- Completely digital verification process for your convenience
- Get high loan amounts up to ₹1 crore for your medical expenses
- No collateral or security needed
- Affordable interest rates starting at 10.49%
Debt Consolidation Loans
Debt Consolidation Loans
Managing multiple loans can be taxing. With debt consolidation loans, you can close off your other loans and pay a single loan instead. As a result, you need to worry about the EMIs for only one loan.
Get debt consolidation funds at attractive interest rates with convenient loan tenures. Apply for a Personal loan online to consolidate debt from anywhere, anytime. Salaried, as well as self-employed individuals can opt for them.
- Consolidate all your debts conveniently into a single loan and manage it better
- Digital and paperless process
- Funds transferred directly to your bank account
- Competitive interest rates starting at 10.49%
- No collateral or security required for debt consolidation loans
- Flexible repayment tenures between 6 months to 5 years
- Easy repayment options to foreclose your loans
Personal Loan Blogs
FEATURED
Instant personal loan: Easy solution to your financial needs
In recent years, instant personal loans have gained immense popularity in India. With the rise of online lending platforms, applying for a personal loan and getting quick cash has become easier than ever.
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Personal Loan without ITR: all you need to know
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