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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.

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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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

Choose your personal loan amount with FIRSTmoney

₹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

With competitive rates and flexible terms, a FIRSTmoney smart personal loan empowers you to book premium accommodations, indulge in once-in-a-lifetime experiences, and create unforgettable memories without compromise. Apply for a travel loan seamlessly on an end-to-end digital journey and make Instant bookings without dipping into your savings.

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Emergency Loan

Emergency Loan

In times of financial emergencies, FIRSTmoney smart personal loan stands as a beacon of stability and support. Instead of depleting your savings or tapping into your investment accounts, this smart personal loan enables you to preserve your financial reserves for long-term goals. Here's how our emergency loan can be a lifeline during uncertain exigencies.

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Wedding Loan

Wedding Loan

Make your wedding dreams a reality with our smart personal loan for weddings designed exclusively for those who deserve it the most. Rather than depleting your savings or resorting to high-interest credit cards, a FIRSTmoney smart personal loan allows you to maintain financial stability as you start a new chapter of your life.

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Medical Loan

Medical Loan

Medical emergencies often come with unexpected expenses and a personal loan can offer access to quick funds. You get the financial flexibility to explore various treatment options, including specialists & alternative therapies ensuring that you can pursue the best possible care for yourself or your loved ones. FIRSTmoney – our smart personal loan for medical expense, offers invaluable support and peace of mind during medical emergencies

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Home Improvement Loan

Home Improvement Loan

Renovating your home or any structural upgrades can put a significant financial strain on your savings and personal loan proves to be a reliable solution. Manage and plan your home improvement expenses depending on your needs with home renovation loan.

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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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