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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.
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Amounts
₹5000 ₹1cr
Interest Rates
9.99% 38%
Period
9 months 84 months
You will pay EMI of only,
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Interest rates starting at just 9.99% per annum
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Zero foreclosure charges for early repayment flexibility
IDFC FIRST Bank’s FIRSTmoney Personal Loan is designed to help you handle urgent financial needs with ease. Enjoy a 100% digital application process, quick access to funds, competitive interest rates, and zero foreclosure charges—so you can repay on your terms, without any extra burden.
While getting a personal loan online is easy, planning it according to your financial requirements can be cumbersome and time-consuming. Use the IDFC FIRST Bank personal loan EMI calculator to estimate your EMIs by adjusting the loan amount, interest rate, and tenure sliders.
Here is the breakdown of personal loan interest rates and charges of FIRSTmoney for government employees.
Charges |
Details |
Interest Rate |
Starting from 9.99%, based on creditworthiness |
Processing Fee |
2% of the principal loan amount |
Foreclosure Charges |
Zero foreclosure charges |
Overdue EMI Fee |
2% of the overdue EMI amount |
To check personal loan eligibilty for a FIRSTmoney, government employees must meet the following criteria:
FIRSTmoney speeds up the verification and approval process with the Video KYC (V-KYC) process. Government employees only need their PAN card during the V-KYC process to get personal loans instantly.
FIRSTmoney speeds up the verification and approval process with the Video KYC (V-KYC) process. Government employees only need their PAN card during the V-KYC process to get personal loans instantly.
Make your wedding dreams a reality with our smart personal loan for weddings designed exclusively for those who deserve it the most. Apply for a personal loan to cover venue rentals, catering costs, and everything in between. A FIRSTmoney loan offers up to ₹10 lakh with a completely paperless, quick, and digital application process. Here's how our loan can add value to your special day:
Embark on your dream adventures with an online personal loan designed exclusively for elite travelers. Whether you're planning a luxurious getaway or a cultural exploration, a FIRSTmoney loan offers the financial freedom to turn your travel aspirations into reality. Apply for an instant personal loan seamlessly on an end-to-end digital journey and make instant bookings without dipping into your savings.
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 9.99% 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.
In times of financial emergencies, FIRSTmoney smart personal loans stand as a beacon of support. Instead of depleting your savings or tapping into your investment accounts, this 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:
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.
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:
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:
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:
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.
Get FIRSTmoney Smart Personal Loan of Different Amounts
A personal loan for government employees is an unsecured loan to meet the financial needs of individuals working in government sectors. They can avail instant personal loans with low interest rates, flexible repayment terms, and a 100% online application process through FIRSTmoney. The loan can be utilised for medical bills, home improvement, education, or holidays.
To qualify for a FIRSTmoney personal loan, applicants must:
• Be a salaried government employee working for central, state, or PSU sectors or self-employed individuals with a stable income.
• Be between 21 and 60 years of age.
• Have a CIBIL score of 730 or above.
With FIRSTmoney, government employees enjoy multiple benefits, including:
• Instant loan approval and quick disbursal within a few hours.
• Zero foreclosure charges, allowing early repayment without penalties.
• Flexible tenure options ranging from 9 to 60 months.
• High loan amounts of up to ₹10 lakh based on eligibility.
Government employees can get a personal loan ranging from ₹50,000 to ₹10 lakh, depending on their income, credit history, and repayment capacity. However, the final approved amount depends on the applicant's eligibility and the bank’s internal policy.
Applying for a FIRSTmoney personal loan is simple, it requires only a PAN card for digital V-KYC verification. This removes lengthy paperwork and ensures a seamless application process.
The interest rate for a FIRSTmoney personal changes due to factors such as credit score, income, loan amount, and repayment period. Government employees can view their applicable interest rate during the application process.
Unfortunately, FIRSTmoney personal loans are only offered to active salaried government employees who are up to 60 years of age. Retired employees may consider other loan options basis their financial profile.
With a completely digital process from FIRSTmoney, eligible government employees can receive instant approval, and funds are usually credited to their accounts within a few hours.
Yes, a nominal processing fee of 2% on the principal loan amount is applicable when applying for FIRSTmoney personal loans. The exact amount is displayed during the loan application process.
Yes, you need a CIBIL score of 730 or above to apply for a FIRSTmoney smart personal loan for government employees.