Accounts
Deposits
Loans
Wealth & Insure
Payments
Cards
Premium Metal
0% Forex & Travel
Lifetime Free
10X Rewards
UPI Cards
Fuel & Utility
Showstopper
Credit Builder
More

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

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

    The only FASTag with triple benefits

Personal loan for teachers

Teaching is a noble profession, shaping minds and building futures. Yet, as an educator, you may face unique financial challenges. Personal loans with competitive rates or flexible terms can help teachers overcome these challenges and enable debt consolidation or professional development. Read on for more

FIRSTmoney personal loan benefits for teachers

IDFC FIRST Bank’s FIRSTmoney smart personal loan makes your entire borrowing journey stress-free by offering the following benefits:

Higher loan amount Higher loan amount

Higher loan amount

Borrow up to ₹10 lakh instantly based on your eligibility and financial requirements.

No collateral No collateral

No collateral

No need to pledge assets like property, gold, etc. to obtain a loan.

Quick sanctions Quick sanctions

Quick sanctions

A 100% digital process for quick approval and disbursal of funds

Competitive rates Competitive rates

Competitive rates

Enjoy low interest rates, starting at just 9.99% per annum.

Flexible tenure Flexible tenure

Flexible tenure

Repay at your convenience with tenures ranging from 9 to 60 months.

Zero foreclosure charges Zero foreclosure charges

Zero foreclosure charges

Settle your remaining loan balance whenever you want without incurring additional charges.

Access multiple loans Access multiple loans

Access multiple loans

Enjoy the flexibility to access multiple loans from your pre-qualified loan offer.

Fixed EMIs Fixed EMIs

Fixed EMIs

With predictable monthly instalments, handle expenses better and plan repayments with more confidence.

No end-use restrictions No end-use restrictions

No end-use restrictions

Use the borrowed funds for multiple purposes, from paying urgent bills and funding holidays to renovating your home and making big purchases.

Fees and charges

Check out the interest rate and all applicable charges before applying for a teachers’ loan. Thanks to FIRSTmoney, teachers can enjoy favourable loan terms, and complete transparency with zero hidden charges. Read More

Eligibility criteria

Age Age

Age: 21 to 60 years

Employment Employment

Employment: Salaried or self-employed with a stable income

CIBIL Score CIBIL Score

CIBIL score: 730 and above & a good credit history

Documents required for a teachers’ personal loan

Identity Proof Identity Proof

IDFC FIRST Bank’s FIRSTmoney smart personal loan makes borrowing effortless with a fully digital application process. No lengthy paperwork or document uploads are required. All you have to do is present your physical PAN card during the video KYC process, and that’s it. Enjoy a fast, hassle-free loan experience with minimal steps and a quick approval.

IDFC FIRST Bank’s FIRSTmoney smart personal loan makes borrowing effortless with a fully digital application process. No lengthy paperwork or document uploads are required. All you have to do is present your physical PAN card during the video KYC process, and that’s it. Enjoy a fast, hassle-free loan experience with minimal steps and a quick approval.

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 9.99% 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 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.    

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 9.99% 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 9.99% p.a.

Frequently Asked Questions

What is a personal loan for teachers?

A personal loan for teachers is an unsecured borrowing option that offers quick monetary support. Whether you work at a government school, private institution, or coaching centre, this loan helps you manage both personal and professional needs without delays. 

With a 100% digital application process, there is no need for physical document submission. Simply complete the video KYC by showing your physical PAN card from any location. Once approved, the loan is disbursed directly to your account.

How to apply for an online personal loan for govt teachers?

Here are the steps you can follow to apply for a teachers’ loan:

1. Click on Apply Now to start your personal loan application process

2. Register with your mobile number and confirm basic details to check your loan eligibility.

3. Choose your loan preferences, including the tenure and repayment terms.

4. Link your bank account for the disbursement of funds.

5. Complete the video KYC process by displaying your PAN card.

What is the eligibility for a personal loan for teachers?

To qualify for a personal loan for teachers, you need to meet the following criteria:

• Age should be between 21 to 60 years

• Salaried or self-employed with a stable income are usually preferred

• A CIBIL score of 730 or above with a good credit history is essential

A strong credit profile not only increases approval chances but also makes you eligible for a higher borrowing limit.

What are the uses of a personal loan for teachers?

A teachers’ loan can be used without restrictions to meet immediate financial needs, such as renovating your house, pay urgent hospital bills, handle wedding expenses, or pay for your kid’s education. In case you have multiple loans, you can also merge them into one to make repayment simpler. Planning a trip? The loan can help you take that refreshing break without any monetary stress. Simply put, you have full liberty to spend the funds however you see fit.

How much time does it take to get a personal loan for teachers approved?

With IDFC FIRST Bank’s FIRSTmoney smart personal loans, approvals are quick. Once your details are verified, the loan amount reaches your bank account within just 30 minutes.

What is the loan amount that I can get from a personal loan for teachers?

You can request a personal loan of up to ₹10 lakh, but the actual amount you qualify for depends on your eligibility, income, and credit profile.

What is the maximum loan amount for teachers?

The highest loan amount available for teachers is ₹10 lakh. This allows educators to handle different types of financial needs, whether small (e.g., minor house repairs) or large (e.g., managing wedding expenses).

More FAQs