Get instantly-approved Personal Loans

Apply for an instant small loan online with FIRSTmoney through the following steps –

● Start by scanning the QR code or clicking loan from your smartphone

● Register using your mobile number and confirm basic/personal details to check your eligibility

● Choose your loan preferences, including the tenure and repayment terms

● Link your bank account where you wish the funds to be disbursed

● Complete the video KYC verification process with your physical PAN car

A small loan is a short-term loan that helps you meet your day-to-day, varied financial needs such as bill payments, pending EMIs, urgent shopping or travel expenses, etc. FIRSTmoney provides quick access to funds, typically ranging from ₹50,000 to ₹10,00,000, to meet personal financial needs.

The eligibility criteria of FIRSTmoney small loan are as follows –

● You should be a salaried employee

● Your credit score should be 750+

● Your age should be between 21 and 60 years

Any individual looking for funds for any purpose can apply for the short-term loan provided they fulfil the eligibility parameters.

Small loans can be utilised for various purposes, including:

• Managing daily expenses
• Handling unexpected emergencies
• Paying utility bills
• Financing minor home renovations or repairs

A minimum CIBIL score of 730 is generally required to qualify for a IDFC FIRST Bank FIRSTmoney small loan. This score reflects excellent creditworthiness and improves the chances of loan approval.

The personal loan interest rate for a small loan at IDFC FIRST Bank typically starts at 9.99% per annum. However, the exact rate can vary depending on factors such as your credit score, income, loan amount, and the repayment tenure you select.

To calculate the EMI for a small loan, you can use a personal loan EMI calculator. 

The personal loan processing fees for small loans vary based on the loan amount and the bank’s policy. Typically, it ranges between 1% to 2% of the loan amount.

Yes, absolutely! For your convenience, you can easily apply for our small personal loans directly through the IDFC FIRST Bank loan app. This allows for a completely digital application experience, making it quick to apply and track your loan status on the go.

Our small personal loan is designed to provide you with an instant cash loan to address immediate financial requirements. Once approved, the funds are disbursed rapidly into your bank account, ensuring you have the liquidity when you need it most.

Yes, for many eligible IDFC FIRST Bank customers, pre approved loan offers are available for small personal loans. Having a pre approved loan can significantly accelerate your application and disbursal process, allowing you to access funds even faster for your urgent needs.

While both serve immediate financial needs, our small personal loan differs significantly from a typical pay day loan. Our loans generally offer more competitive interest rates, longer and more flexible repayment tenures, and a transparent application process, providing a more sustainable financial solution compared to the often high-cost and short-term nature of a pay day loan.