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Get ₹80,000 Personal Loan Instantly with FIRSTmoney

In need of quick financial assistance? IDFC FIRST Bank’s FIRSTmoney offers a smart personal loan solution, allowing you to access an ₹80,000 personal loan that can go up to ₹10 lakhs depending on your loan eligibility. Whether you're managing medical emergencies, planning a vacation, getting a home renovation done, or need funds urgently, this smart personal loan is designed to cater to various urgent financial needs.

Features and Benefits of ₹80,000 Personal Loan

Foreclosure benefits Foreclosure benefits

Foreclosure benefits

Pay off your loan anytime without concern of penalty being imposed on you. With FIRSTmoney, you can use the ₹80,000 personal loan and repay the used funds in full anytime without incurring a foreclosure charge.

100% digital journey 100% digital journey

100% digital journey

FIRSTmoney provides a fully digital journey with zero paperwork. You can customise your loan as per your financial requirement along the application process. Scan the QR code to simply start your application.

Competitive Interest Rates Competitive Interest Rates

Competitive Interest Rates

With FIRSTmoney, you enjoy one of the most affordable interest rates starting at just 10.99% per annum. Lower interest rates help you keep your overall loan cost within your budget and meet your financial needs without hassles.

Flexible loan repayment options Flexible loan repayment options

Flexible loan repayment options

Get the flexibility to choose a customisable loan EMI plan that suits your requirements. Opt for any tenure ranging between two months to 60 months to repay your loan without financial stress.

Greater flexibility Greater flexibility

Greater flexibility

With FIRSTmoney, enjoy the flexibility of obtaining extra funds to meet your additional cash requirements in just a few clicks.

Swift disbursal Swift disbursal

Swift disbursal

Enjoy a completely paperless application process. The advanced technology behind FIRSTmoney makes it easy to access a ₹80,000 personal loan instantly with a completely online process.

Eligibility Criteria for ₹80,000 Personal Loan

FIRSTmoney smart personal loans are available to individuals with a good credit score. Here are the basic eligibility requirements.

CIBIL score CIBIL score

CIBIL score: To obtain the FIRSTmoney smart loans, applicants need to have a good credit record and a CIBIL score of 730 and above.

Employment Employment

Employment: FIRSTmoney smart personal loans are available to salaried and self-employed individuals.

Age Age

Age: Anyone aged between 21 to 60 years can apply for this smart personal loan.

* CIBIL Score is a 3-digit numeric summary of your credit history, derived by using details found in the ‘Accounts’ and ‘Enquiries’ sections on your CIBIL Report and ranges from 300 to 900. The closer your score is to 900, the higher are the chances of your loan application getting approved.

Documents required for a ₹80,000 personal loan

Video KYC Video KYC

Remove the hassles of lengthy documentation with FIRSTmoney smart loans. You can save your time and effort to focus on other things. To apply for a ₹ 80,000 personal loan from FIRSTmoney, all you need is to present your physical PAN card at the time of video KYC.

Remove the hassles of lengthy documentation with FIRSTmoney smart loans. You can save your time and effort to focus on other things. To apply for a ₹ 80,000 personal loan from FIRSTmoney, all you need is to present your physical PAN card at the time of video KYC.

How can you calculate your personal loan EMI?

The bank uses reducing balance method to calculate the EMI for a ₹80,000 personal loan through FIRSTmoney, this technique determines interest based on the remaining loan balance. While the EMI remains constant throughout repayment, the portion allotted to principal repayment grows while the interest component diminishes over time. Read on for more

How to apply for ₹ 80,000 personal loans using FIRSTmoney?

Scan the QR code to apply for a personal loan.

Step 1

Start by scanning the QR code or clicking loan from your smartphone.

Register with your mobile number.

Step 2

Register using your mobile number and confirm basic/personal details to check your eligibility.

Confirm basic details to check your eligibility.

Step 3

Choose your loan preferences, including the tenure and repayment terms.

Choose your loan preferences and link your bank account

Step 4

Link your bank account where you wish the funds to be disbursed.

Once verified, receive the loan amount in your account within 24 hours

Step 5

Complete the video KYC verification process with your physical PAN card.

Get FIRSTmoney Smart Personal Loan of Different Amounts

₹5 lakh Personal Loan
₹5 lakh Personal Loan Arrow Right
₹4 lakh Personal Loan
₹4 lakh Personal Loan Arrow Right
₹3 lakh Personal Loan
₹3 lakh Personal Loan Arrow Right
₹2 lakh Personal Loan
₹2 lakh Personal Loan Arrow Right
₹80000 Personal Loan
₹80000 Personal Loan Arrow Right
₹70000 Personal Loan
₹70000 Personal Loan Arrow Right
₹60000 Personal Loan
₹60000 Personal Loan Arrow Right
₹50000 Personal Loan
₹50000 Personal Loan Arrow Right

Frequently asked questions

What are the eligibility criteria for a ₹80,000 personal loan?

The eligibility for FIRSTmoney includes having a credit score of 730 and above, a stable income source through salary or self-employment, and being in the age bracket of 21 to 60 years.

What documents are required to apply for a ₹80,000 personal loan?

To apply for ₹80,000 personal loan with FIRSTmoney, you only need your PAN card during the V-KYC (Video KYC) process.

How can I apply for a ₹80,000 personal loan with FIRSTmoney?

You can apply for a ₹80,000 personal loan through IDFC FIRST Bank’s online portal or mobile app. You can complete the application process in minutes by scanning the QR code, then entering your details and completing the verification process with just your PAN card.

What is the maximum loan amount available through FIRSTmoney?

With FIRSTmoney, you can get instant personal loans of up to ₹10 lakhs, providing flexibility for larger financial needs beyond the ₹80,000 loan to meet your varying needs.

What is the repayment tenure for a ₹80,000 personal loan?

The repayment tenure for a ₹80,000 personal loan can range from 9 months to 5 years, depending on the terms offered and your repayment capacity. However, you can close your loan anytime by paying in full without any foreclosure charges.

What is the interest rate for a ₹80,000 personal loan with FIRSTmoney?

Interest rates for a ₹80,000 personal loan vary based on your credit profile and financial status. FIRSTmoney offers competitive rates, which will be specified at the time of application.

Are there any processing fees for a ₹80,000 personal loan?

There is a 2% processing fees of the principal loan amount including GST when you apply for a FIRSTmoney smart personal loan.

How quickly can I get the funds from a ₹80,000 personal loan?

Funds are usually disbursed instantly upon approval, often within a few minutes to hours, depending on the completeness of your application and verification process.

Can I foreclose my ₹80,000 personal loan?

Yes, you can foreclose your FIRSTmoney loan without incurring any penalties.

What is the interest for a 80000 Personal Loan?

The personal loan interest rate for an ₹80,000 loan at IDFC FIRST Bank starts at 10.99% per annum. The final rate may vary depending on your credit history, income, and loan tenure.

What is EMI of a ₹80000 Loan?

To calculate the EMI for a ₹80000 Loan, you can use a personal loan EMI calculator. 

What is the processing fee on an ₹80,000 personal loan?

IDFC FIRST Bank applies personal loan processing fees starting from 2% for an ₹80,000 loan, with clear and affordable terms.

More FAQs

Instant Personal Loan Fees and Charges Instant Personal Loan Fees and Charges

Fees & Charges

Enjoy pocket-friendly interest rates