Personal Loans up to ₹1Cr*

IDFC FIRST Bank Personal Loans are offered at competitive interest rates and through a truly paperless and online process. Get funds up to Rs. 1 Crore* for all your needs with a flexible tenure of up to 7 years.
*T&C Apply

IDFC FIRST Bank offers one of the lowest Monthly Reducing Rate of Interest on Personal Loans in the industry starting from 10.99%*p.a. We operate on the reducing rate principle. As the outstanding principal amount reduces, the interest payable on your loan also reduces.

*T&C Apply

You can apply for an IDFC FIRST Bank Personal Loan either online or at our branch.

Our Website: https://www.idfcfirstbank.com/personal-loan-application

Our Branches: https://www.idfcfirstbank.com/support/branches

IDFC FIRST Bank provides Personal Loan for salaried individuals. IDFC FIRST Bank will base your eligibility on your credit score, income, and your existing liabilities, which will be used to ascertain your credit worthiness.

Certain criteria must be completed in order to evaluate your online Personal Loan eligibility. Try our Personal Loan Eligibility Calculator here.

Here is a quick checklist which you can refer to before applying for a  Personal Loan:

· Have a clear goal and a justifiable reason for taking a Personal Loan

· Conduct in-depth research to understand the options available to you

· As the rate of interest is crucial in decision-making, compare the Personal Loan interest rates before taking a call

· It is critical that you fulfill the eligibility criteria for the Personal Loan that you wish to apply for

· If you have a low credit score, your chances to get an online Personal Loan might be difficult. Please keep in mind that while you can consider a lender who is likely to approve your application it might come with higher interest rates.

· If you are applying for an online Personal Loan for the first time, ensure that you do not apply for multiple loans at the same time as it will impact your credit score.

Ensure that you follow the Do’s and Don’ts before applying for the Personal Loan as mentioned below:

Do's:

· Take a look at your credit reports

· Check eligibility and requisite documentations

· Compare Personal Loan interest rates

· Check for additional charges like application fees, prepayment charges etc.

Don’ts:

· Forget to check your credit score

· Proceed with the application without calculating your eligibility

· Apply with multiple Banks/ Financial Institutions at the same time

We would require a processing period of approximately 1-2 working days from the date of the completed application's online submission. This is subject to the submission of all needed documentation by IDFC FIRST Bank.

There are two methods for tracking the status of your Personal Loan

1. Via our Website -

Customer support > Under loans section, select Personal Loan > Popular tab > Loan Application Status > Personal Loan in the drop down and your mobile number.

2. Via Mobile Banking -

Log in to the app > Menu > Customer service > Loans > Track Loan Application > Enter your Loan Application Number & you will see the progress of your loan.

Click here to view the general fees & charges levied on a Personal Loan.

Yes, after your Personal Loan has been approved, you can cancel it.

Click here to know about our cancellation policy.

Enjoy our truly paperless documentation process.

Click here to know more

You may raise a request by clicking on Customer Support on IDFC FIRST Bank's website under the section "Other Service Request" to know more

Our branches have a seamless process for updating details:

Step 1 -Please visit the nearest IDFC FIRST Bank Branch

Step 2 -Please carry along any one of the officially valid documents [OVD] - Passport, Driving License, Voter ID, Job Card issued by NREGA, Letter issued by National Population, Register Aadhaar card/ E-Aadhaar with you

Step 3 -An IDFC FIRST Bank representative will submit the request on your behalf and the details will be changed in 48 hour

Download your loan documents in few clicks –

A. Through IDFC FIRST Bank's Mobile Banking App

1. Login to Mobile Banking

2. Click on Loans(located at the bottom)

3. Under My Loans, click on the Loan you need the document of

B. Through IDFC FIRST Bank's Website

1. Go to the website - Click on customer support, under the Loans section, click on Personal Loan, scroll down to Document Related/EMI Related section you will get to see the below options

i. Repayment Schedule

ii. Statement of Loan Account

iii. Interest Certificate

2. Click on the option of your need

C. Through IDFC FIRST Bank's WhatsApp service

1. Message 'Hi' on our WhatsApp number 9555555555

There are two ways to get your No Due certificate:

1. You can call on 180010888 or drop us a 'Hi' on our WhatsApp number 9555555555

or

2. You may raise a request by clicking on Customer Support on IDFC FIRST Bank's website under the section "Other Service Request" to know more

You can make your overdue payments digitally.

Visit IDFC FIRST Bank's website > customer support > loans section > Personal Loan, and you will see the following options:

1. EMI Payment

2. EMI Details

3. Excess EMI Refund

Select the one that best meets your requirement