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Apply for a ₹7 Lakh Personal Loan Instantly

Tired of lengthy paperwork and complex loan processes? FIRSTmoney personal loan is a smarter, faster way to borrow. Designed for your dynamic financial needs, FIRSTmoney helps you access up to ₹7 lakh quickly and conveniently.

You can access multiple loans from your approved limit—anytime, as needed—without having to reapply. Plus, you pay interest only on the amount you use. With flexible repayments and zero foreclosure charges, FIRSTmoney gives you complete control over your loan journey.

Apply now

Benefits of a ₹7 Lakh Personal Loan with FIRSTmoney

Zero foreclosure charges

Zero foreclosure charges:

With FIRSTmoney, you can use the ₹7 lakh personal loan and repay it in full anytime without incurring a foreclosure charge.

100% digital journey

100% digital journey:

With FIRSTmoney, experience a complete digital journey with zero paperwork. You customise your loan as per your financial requirement along the application process. Simply scan the QR code to begin the application process.

Multiple on-demand loans, single application

Multiple on-demand loans, single application:

With FIRSTmoney, access funds whenever you need without reapplying for a new loan. With FIRSTmoney, you can borrow specific amounts from your pre-qualified loan as per your requirements and pay interest only on what you use.

Flexible repayment options

Flexible repayment options

Choose a repayment plan that fits your needs, with tenures ranging from 9 to 60 months.

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 9 months to 60 months to repay your loan without financial stress.

Swift disbursal

Swift disbursal:

Get your loan in minutes with no paperwork hassles! With FIRSTmoney, you can instantly access up to ₹7 lakh through a fast, seamless, and completely online process.

Check your personal loan eligibility

Get Digital Personal Loan

Need up to ₹1 crore? Apply for our Personal Loans with minimal documentation

Get Higher Amount

Personal Loan Eligibility and Documentation

Eligibility Criteria for a ₹7 Lakh Personal Loan

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

  • eligibility CIBIL score: To obtain the FIRSTmoney loan, applicants need to have a good credit record and a CIBIL score of 730 and above.
  • employment Employment: FIRSTmoney loans are available to salaried as well as self-employed individuals.
  • age Age: Anyone aged between 21 to 60 years can apply for this loan.
Documents required for a ₹7 lakh personal loan

To apply for a ₹7 lakh personal loan from FIRSTmoney, all you need is to present your Aadhaar card number and physical PAN card at the time of completing the video KYC process.

Eligibility

How to Apply for a ₹7 Lakh Personal Loan

Step 1

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

Step 2

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

Step 3

Select the loan amount of your choice starting from ₹50,000 up to your approved loan amount and choose flexible repayment terms.

Step 4

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

Step 5

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

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Know your personal loan fees and charges

Know Your Personal Loan Fees & Charges

Enjoy pocket-friendly interest rates with no hidden charges

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Know the current personal loan interest rates

Frequently Asked Questions

How does FIRSTmoney work for a loan of ₹7 lakh?

Once you get your sanctioned FIRSTmoney loan of ₹7 lakh, you can opt for multiple on-demand loans up to your approved loan offer.

What is the eligibility criteria for a FIRSTmoney loan of ₹7 lakh?

For FIRSTmoney loans, you need to be an Indian resident aged between 21 to 60 years, salaried or self-employed, and have a good credit score of 730 or above

Can I apply for a FIRSTmoney loan online?

Yes, FIRSTmoney offers a 100% digital journey, allowing you to apply for and manage your loan entirely online, from the application to disbursal process.

Are there any foreclosure benefits for a FIRSTmoney loan of ₹7 lakh?

Yes, FIRSTmoney offers foreclosure benefits, allowing you to close your loan ahead of schedule without any penalties, saving you on interest costs.

What is the repayment tenure for FIRSTmoney loans?

FIRSTmoney offers flexible loan repayment options with various tenures to choose starting from 9 months going all the way up to 5 years, allowing you to tailor your repayment schedule to match your financial situation.

How quickly can I get my loan of ₹7 lakh disbursed?

FIRSTmoney ensures swift disbursal of loans. Once all necessary documentation is provided and verified, you get your approved loan offer sanctioned instantly. Subsequently, you can start using the funds anytime.

How can I calculate the EMIs for a loan of ₹7 lakh?

You can easily calculate your EMIs using IDFC FIRST Bank’s personal loan EMI calculator, which takes into account factors such as the loan amount, interest rate, and tenure.

Is there a minimum income requirement to qualify for a loan of ₹7 lakh?

While specific income requirements may vary, typically, you need to have a stable income that meets FIRSTmoney's eligibility criteria to qualify for a loan of ₹7 lakh.

More FAQs

Apply instantly via the IDFC FIRST Bank mobile app

Choose your personal loan amount with FIRSTmoney

₹10 lakh Personal Loan
₹10 lakh Personal Loan ₹10 lakh Personal Loan
₹9 lakh Personal Loan
₹9 lakh Personal Loan ₹9 lakh Personal Loan
₹8 lakh Personal Loan
₹8 lakh Personal Loan ₹8 lakh Personal Loan
₹6 lakh Personal Loan
₹6 lakh Personal Loan ₹6 lakh Personal Loan
₹5 lakh Personal Loan
₹5 lakh Personal Loan ₹5 lakh Personal Loan
₹4 lakh Personal Loan
₹4 lakh Personal Loan ₹4 lakh Personal Loan
₹3 lakh Personal Loan
₹3 lakh Personal Loan ₹3 lakh Personal Loan
₹2 lakh Personal Loan
₹2 lakh Personal Loan ₹2 lakh Personal Loan
₹80000 Personal Loan
₹80000 Personal Loan ₹80000 Personal Loan
₹70000 Personal Loan
₹70000 Personal Loan ₹70000 Personal Loan
₹60000 Personal Loan
₹60000 Personal Loan ₹60000 Personal Loan
₹50000 Personal Loan
₹50000 Personal Loan ₹50000 Personal Loan

Different Types of Personal Loan for you

Travel Loan

Travel Loan

Enjoy competitive interest rates and flexible repayment options with a FIRSTmoney smart personal loan. Whether you're booking premium stays, indulging in once-in-a-lifetime adventures, or crafting unforgettable memories, you can do it all without compromise. Apply for a travel loan through a fully digital process and make instant bookings—without touching your savings.

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Emergency Loan

Emergency Loan

During financial emergencies, a FIRSTmoney smart personal loan serves as a reliable source of support and stability. Rather than using up your savings or withdrawing from your investments, this loan allows you to safeguard your long-term financial plans. Discover how our emergency loan can help you navigate unforeseen challenges with confidence.

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Wedding Loan

Wedding Loan

Turn your dream wedding into a reality with our specially crafted FIRSTmoney smart personal loan. Avoid exhausting your savings or relying on high-interest credit cards—this wedding loan helps you preserve financial stability while beginning a new chapter in life.

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Medical Loan

Medical Loan

Medical emergencies can bring sudden costs, and a personal loan provides quick access to funds when you need them most. With financial flexibility, you can choose the best treatment options—whether it’s consulting specialists or exploring alternative therapies. FIRSTmoney, our smart personal loan for medical expenses, gives you essential support and peace of mind during health crises.

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Home Improvement Loan

Home Improvement Loan

Home renovations or structural improvements can often stretch your savings. A personal loan offers a practical and dependable way to fund these upgrades. With a home renovation loan, you can manage and plan your improvement expenses based on your specific requirements.

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Personal Loan Tips & Insights: Your Guide to Smarter Borrowing

5 tips to get a personal loan with a low CIBIL score

5 tips to get a personal loan with a low CIBIL score

01 July 2025 | 5 mins read
Prepayment of personal loans: What you need to know before repaying your dues early

Prepayment of personal loans: What you need to know before repaying your dues early

01 July 2025 | 5 mins read
Step-by-step guide to checking your personal loan status

Step-by-step guide to checking your personal loan status

01 July 2025 | 5 mins read
What is a No Objection Certificate?

What is a No Objection Certificate?

01 July 2025 | 5 mins read
What is personal loan disbursement and how does it work?

What is personal loan disbursement and how does it work?

01 July 2025 | 5 mins read
Compare foreclosure charges across lenders: Why FIRSTmoney offers greater value

Compare foreclosure charges across lenders: Why FIRSTmoney offers greater value

01 July 2025 | 5 mins read
How Much Personal Loan Can You Get on Your Salary? An Eligibility Guide for 2025

How Much Personal Loan Can You Get on Your Salary? An Eligibility Guide for 2025

01 July 2025 | 5 mins read
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