• Phone
    Customer care hotline 1800 10 888
Explore all Credit Cards
Premium Metal
0% Forex & Travel
Lifetime Free
10X Rewards
UPI Cards
Fuel & Utility
Showstopper
Credit Builder
More
Customer Support
Explore NRI Banking
NRI Savings Account
NRI Fixed Deposit
FOREX Solutions
Transfer to NRE
Markets & Beyond
Customer Support
Explore Startup Solutions
Explore Corporate Banking
Corporate Account
Cash Management Services
Supply Chain Finance
Corporate Lending
Treasury
NBFC Financing
Customer Support
BRAVO (Auto Sweep)
Explore Business Banking
MSME Accounts
Trade Services
MSME Loan
MSME Solutions
Debit Card
Offers
Customer Support
Explore Gift City
About Us
Investors
Careers
ESG

FOLLOW US ON :

Download Now

  • App Store
  • Google Play

Notifications

  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.

  • Activate your Credit Card within minutes and enjoy unlimited benefits

    Know More

  • One FASTag, three payments:Toll, fuel and parking

    The only FASTag with triple benefits

    Apply Now

Personal Loan Interest Rate

IDFC FIRST Bank is a customer-first organization. Your needs take priority, with products geared towards helping you improve your life. Our personal loans are designed to support you at every stage of your life, whether it’s tackling an emergency, renovating your home, or accomplishing your dreams.Read More

We offer paperless loans at the best interest rates. Our loan interest rates are attractive, flexible, and among the most affordable in the market. A personal loan with low interest rate brings down your overall loan cost and helps manage your finances better. With a strong profile, you can get the best personal loan interest rates at IDFC FIRST Bank. Apply today!Read Less

Personal Loan Fixed ROI (Monthly reducing basis)

Fixed ROI (Monthly Reducing basis)
 

The interest rates at IDFC FIRST Bank are regularly updated depending on the market conditions. Refer the table below to know our current personal loan rates.

Product type ROI%(Fixed ROI- Monthly Reducing)
Personal loan ROI Starting from 10.99%*

*T&C Apply


Refer the table below to know applicable charges on personal loans.

Charges Description Fees / Charges
Processing fees Upto 3.5% of Loan Amount  
Late payment/Penal charges/ /Overdue (per month) Upto 2% of the unpaid EMI or Upto INR 300 whichever is higher
Stamp Duty As per actuals
EMI bounce charges per presentation 7.5% of EMI outstanding, subject to minimum charge of INR 400 & maximum of INR 1000 (excluding GST)
EMI Pickup/Collection Charge INR 500/- excluding GST
Duplicate NOC Upto INR 500/- per instance
Physical Statement of Account/Repayment Schedule Upto INR 500/- per statement
Foreclosure Upto 5% of Principal loan outstanding after payment of 9 or more EMIs or 9 Months, whichever is later.
Document retrieval charges (per retrieval) Upto INR 500/- per instance
Part Payment Charges (only for Smart PL) Upto 5% part payment charges are applicable on partial payment. Part Payment to be made from customers own funds.
Loan Cancellation Loan can be cancelled within first 15 days from disbursal date at no charges. Post 15 days of freelook period – Loan is locked for 9 months , after which  foreclosure norms/charges  will apply.
Swap charges Nil

 

GST, as applicable, will be levied on all service charges. The pre-payment/foreclosure/part payment of the loan has to be done using customer’s own funds. The Services accounting code would be provided by IDFC FIRST Bank and shall be binding on customer. In case customer is related person to IDFC FIRST Bank, GST, as may be applicable, needs to be paid by customer. The above Schedule of Charges is subject to be revised from time to time by the Bank, as will be updated on the official website of the Bank.

Calculate your Personal Loan Interest Rate

IDFC FIRST Bank has an online EMI calculator that you can use to check your monthly EMI. The EMI calculator has three parts: loan amount, tenure, and rate of interest. You can use it by entering the personal loan amount you need, the applicable interest rate, and the tenure for which you want the loan. Once you enter these details, the EMI calculator will give you the EMI. Check it our personal loan EMI calculator.

Read more about Products and
Services

Download IDFC FIRST Bank App

  • Download Now

FREQUENTLY ASKED QUESTIONS

What is the lowest Fixed Rate of interest personal loan available today?

The bank loan Fixed Rate of interest depend on multiple factors. Therefore, it is impossible to say the lowest Fixed Rate of interest personal loan in today’s market. However, our Fixed Rate of interest are among the lowest you can find in India.

What are the factors that affect personal loan Fixed Rate of interest?

Credit score, net salary and risk profile of the customer are a few factors that affect personal loan Fixed Rate of interest.

What is the minimum salary required for a personal loan?

The salary and the documents required for a loan vary from bank to bank. However, with a salary above ₹20,000, you can apply for personal loans .

How is the personal loan interest rate calculated?

The interest rates on personal loan depend on several factors, including loan amount, credit score, net salary and risk profile of the customer.

How to apply for a personal loan at IDFC FIRST Bank?

Apply here for a personal loan. If you face any issues, feel free to call our customer care center

More FAQs

Personal Loan Blogs

Loan Disbursement

FEATURED

Understanding Loan Disbursement Process: Step-by-Step Guide

The confluence of technology and finance is a game-changer. Artificial intelligence (AI), machine learning, and data analytics have revolutionised finance, helping banks and other financial institutions enhance customer experience. Thanks to technology, customers can access any financial product without moving a muscle.

Team FinFIRST29 Apr 2024 • 3 mins read

Read Full Story

View More

Discover Our Products

Car Loan

Get up to 90% funding on purchase of new car

Know More

Home Loan

Get Home loans of up to ₹5 crores

Apply Now Know More

Loan Against Property

Get loans up to ₹7 crores against your property

Apply Now Know More

Get in touch with us

Compliment

Add a note of appreciation
Customer Support

Customer Support
Locate Our Branch

Locate our branch