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Get a FIRSTmoney Flexi Loan up to ₹10 Lakh

Access funds as and when you need them within a pre-qualified loan offer
Looking for a financing solution that adapts to your needs? A flexi loan could be the perfect answer. Unlike traditional personal loans, a flexi loan offers unmatched flexibility, allowing you to access funds as and when you need them, all within a pre-qualified loan offer. And with FIRSTmoney Smart Personal Loans from IDFC FIRST Bank, you get a revolutionary flexi loan experience designed for convenience, speed, and cost-effectiveness. Read on to discover why FIRSTmoney is the ultimate choice for your financial freedom.

Read on for more

Why Choose a Flexi Loan with FIRSTmoney?

Access Multiple Loans, Anytime, Anywhere Access Multiple Loans, Anytime, Anywhere

Access Multiple Loans, Anytime, Anywhere

With FIRSTmoney, you’re not limited to a one-time disbursement. Once your loan offer is set up (up to ₹10 lakh based on your creditworthiness), you can tap into funds as many times as you need—starting from as little as ₹10,000—without restarting the application process. Whether you’re at home, at work, or on the go, funds are just a tap away, disbursed instantly.

Pay Interest Only on What You Use Pay Interest Only on What You Use

Pay Interest Only on What You Use

Why pay interest on money you haven’t spent? FIRSTmoney charges interest only on the amount you access, not the entire approved loan offer. This cost-effective feature makes it a smarter alternative to traditional personal loans, helping you save more over time.

No Need to Reapply—Ever No Need to Reapply—Ever

No Need to Reapply—Ever

Say goodbye to repetitive paperwork. With FIRSTmoney, your approved loan offer acts as a lifelong financial safety net. Need instant cash loan for a medical emergency today and a holiday next month? Simply use your existing loan offer—no new applications, no delays.

Flexible Repayment Options Flexible Repayment Options

Flexible Repayment Options

FIRSTmoney offers repayment tenures ranging from 9 to 60 months, letting you choose an EMI plan that fits your budget. Plus, with zero foreclosure charges, you can repay early whenever you have surplus funds, giving you total control over your finances.

Lightning-Fast, Fully Digital Process Lightning-Fast, Fully Digital Process

Lightning-Fast, Fully Digital Process

Applying for a FIRSTmoney flexi loan is a breeze. Complete the paperless process online with minimal documentation—just flash your PAN card over a quick video KYC. Get approved in minutes and access funds immediately, making it one of the fastest flexi loan solutions available.

No Foreclosure Charges No Foreclosure Charges

No Foreclosure Charges

With FIRSTmoney, you can prepay the loan in full anytime without paying any foreclosure charges, making the loan cost-effective.

Who Can Apply for a FIRSTmoney Flexi Loan?

Age Age

Salaried or self-employed individuals with a stable income.

Employment Employment

Applicants with a credit score of 730 or higher.

CIBIL Score CIBIL Score

Anyone seeking quick, flexible financing without collateral.

Documents required for a flexi personal loan

Identity Proof Identity Proof

One of the biggest advantages of a FIRSTmoney smart personal loan is that it requires minimal documentation. You only need your PAN card during the video KYC process.

One of the biggest advantages of a FIRSTmoney smart personal loan is that it requires minimal documentation. You only need your PAN card during the video KYC process.

How to apply for a flexi personal loan

Click on Apply Now

Step 1: Click on Apply Now

Click on Apply Now to start your personal loan application process

Register with your mobile number

Step 2: Register with your mobile number

After scanning the QR code, you must input your mobile number and undergo OTP verification for authorised access to apply for a loan.

Check your eligibility

Step 3: Check your eligibility

You need to give basic details such as your name, employment category, and date of birth to check loan eligibility.

Choose loan preferences and link your bank account

Step 4: Choose loan preferences and link your bank account

After checking your loan eligibility, you can choose the loan amount and tenure based on your requirements. You also need to link your bank account for loan amount disbursement.

Get loan amount credited in bank account

Step 5: Get loan amount credited in bank account

Once all the details are confirmed, the loan amount is credited to your bank account instantly, giving you instant access to funds.

Use an EMI calculator to plan repayments

Before one applies for a flexi personal loan, one must calculate repayment liabilities. FIRSTmoney offers an easy-to-use Personal Loan EMI calculator that assists one in calculating monthly EMIs from the loan amount, tenure, and rate of interest.

Why FIRSTmoney Beats Traditional Flexi Loans

While many lenders offer flexi loans, FIRSTmoney takes it a step further with its customer-centric design. Traditional flexi loans may come with hidden fees or rigid terms, but FIRSTmoney ensures transparency, zero foreclosure charges, and a fully digital experience. Plus, the ability to access multiple loans from a single loan offer sets it apart, saving you time and effort.

Tailored Personal Loan Options

Tailored Personal Loan Options

Wedding Loans

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. Here's how our loan can add value to your special day:

  • ► From venue rentals to catering costs and everything in between, FIRSTmoney offers up to a ₹10 lakh personal loan, allowing you to cover all aspects of your wedding expenses with ease
  • ► Completely paperless, quick and digital personal loan application process
  • ► Attractive fixed interest rate (on a monthly reducing basis) commencing at 10.99% p.a. only
  • ► No need for collateral or security
  • ► Enjoy flexible loan repayment terms extending up to 60 months

Travel Loans

Embark on your dream adventures with an online personal loan designed exclusively for elite travellers like you. Whether you're planning a luxurious getaway, an exotic expedition, or a cultural exploration, a FIRSTmoney loan offers the financial freedom to turn your travel aspirations into reality.

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 personal loan seamlessly on an end-to-end digital journey and make Instant bookings without dipping into your savings.

Advantages of a FIRSTmoney smart personal loan for travel expenses:

  • ► Get instant access to funds, anytime, anywhere, in your bank account; 24x7, in just a single step.
  • ► Attractive fixed interest rate (on a monthly reducing basis), starting at 10.99 % p.a. 
  • ► No need for collateral or security deposit to set up a loan.
  • ► By responsibly managing your personal loan, you can enhance your credit profile, opening doors to even greater opportunities for future travel endeavours.    

Education Loans

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:

  • ► Effortless online application process with complete digital verification - apply in 2 easy steps for an emergency personal loan online
  • ► Get the loan amount credited promptly to your bank account on the same day
  • ► No collateral requirement for emergency personal loans
  • ► Flexible loan repayment tenure of up to 60 months
  • ► Attractive fixed interest rate (on a monthly reducing basis) starting from 10.99% p.a. only
  • ► Safeguard your financial stability with this personal loan in the face of emergencies

Home Renovation Loans

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 FIRSTmoney, our smart, instant personal loan. Apply for a personal loan online and get approved seamlessly.

  • ► Can act as a top-up to your home loan
  • ► Can serve to pay for renovation and expenses in parts
  • ► Access funds anytime anywhere
  • ► No need for collateral or security to apply for this personal loan
  • ► Attractive fixed interest rate (on a monthly reducing basis) starting at just 10.99% p.a.

Frequently Asked Questions

What is a flexi personal loan?

Flexi personal loan refers to a lending plan whereby borrowers are allowed to opt for an amount from the approved loan and pay interest on the consumed amount only.

How is a flexi loan different from a traditional personal loan?

While a traditional loan gives the entire amount of the loan upfront and collects interest on the total amount, a flexi loan allows customers to get additional loans when required and collects interest on the amount availed.

Can I prepay or make partial payments?

With FIRSTmoney, borrowers can prepay their consumed amounts in full with zero foreclosure benefits, reducing the total interest cost. However, partial payment is not allowed with FIRSTmoney. 

What is the interest rate for a flexi loan?

Flexi loan often provide lower personal loan interest rates compared to conventional personal loan.  FIRSTmoney offers competitive interest rates starting from 10.99% p.a. to eligible applicants with flexible repayment schedules ranging from 9 to 60 months.

Are there any hidden fees?

No, FIRSTmoney believes in transparent communication, offers zero foreclosure charges and has no hidden personal loan fees and charges

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