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Personal Loan

At IDFC FIRST Bank, we want to help you achieve your personal dreams. Whether it is wedding expenses, unforeseen medical bills, funding your dream vacation or renovating your home; IDFC First Bank can help you meet all these diverse financial needs and more with an unsecured personal loan. We have also made it extremely easy with a paperless and hassle-free application process.Read More

Get Personal Loans:

• Up to ₹40 lakhs
• Competitive interest rates starting at 10.49%
• Flexibility to make up to 40%* part payment
• Top-Up Facility

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.

Top Up option*

Already have an IDFC First Bank loan and need more funds?
Get a top-up on your existing loan instead on another loan.

*Terms & Condition ApplyRead Less


Personal Loan EMI Calculator


1L 50L


1 Year 30 Year

Interest Rate

8 % 15 %

You will pay an EMI of only monthly

  • Surojit Mukherjee Testimonial
    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!"

  • Ravi Bhushan Testimonial
    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."

  • Ajay Das Testimonial
    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."


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


Instant Personal Loan disbursal through digital loan journey:

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

More Details

Eligibility Img Alt


Enjoy pocket-friendly
interest rates

View Fees & Charges

Apply For Senior Citizen Savings Account


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 ₹2,149/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

Apply For Online Personal Loan


4 tips to deal with debt during the coronavirus pandemic

The financial impact of Covid-19 stalled global economies and made individuals re-evaluate the terms of financial security they hitherto adhered to. Widespread job losses and pay cuts forced people to dip into their savings, increasing national household debts drastically. A 2020 survey by CGAP found 57% of respondents in India struggling with payments and repayment obligations during the pandemic.

IDFC FIRST BankMay 31 • 3 mins read

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