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Personal Loans

No dream is too big with IDFC FIRST Bank personal loan. From destination weddings to vacations, you can use an IDFC FIRST Bank personal loan to meet different requirements. Apart from helping you complete your bucket list, a personal loan can also help you out in times of emergencies and crisis.
Our hassle-free, digital application process helps you avail personal loan up to ₹1 Crore with Industry-best TAT. You can also choose flexible repayment tenures up to 84 months and get a personal loan at competitive interest rates.Read More

Get Personal Loans:

Max Loan Amount ₹1,00,00,000 Max
Max Loan Tenure Up to 84 months
Fixed Rate of Interest (on monthly reducing basis) 10.75% p.a. to 36% p.a.
Processing Fees Up to 3.5% of the personal loan amount
Part Payment Flexibility to make up to 40%** part payment

Transfer your existing Personal Loan/Credit Card, and enjoy amazing benefits, including affordable rates and flexible loan tenure ranging from 6 months to 84 months.

Fulfil every dream, and live life to its fullest with IDFC FIRST Bank by your side.Read Less

Features of Personal Loan

Go ahead and fulfill all your dreams with IDFC FIRST Bank Personal Loans!

*The EMI is calculated for ₹1 Lakh loan amount with upto 84 months tenure and 10.75% p.a. Fixed ROI (on monthly reducing basis).

**Only applicable on Smart PL . Allowed after initial 3 EMIs only using own funds. It can be one-time payment or a maximum of 3 payments , charges  applicable to each payment

 

 

CALCULATOR

Personal Loan EMI Calculator

Amount

1L 50L

Period

1 Year 30 Year

Fixed ROI

8 % 15 %

You will pay Personal Loan EMI of only monthly

  • Surojit Mukherjee Testimonial
    Surojit Mukherjee

    "IDFC FIRST Bank does what it commits. I availed personal loan in a hassle-free manner. Their service orientation of employees is state-of-the-art. All the best for the future!"

  • Ravi Bhushan Testimonial
    Ravi Bhushan

    "My sincere thanks to IDFC FIRST Bank for making life so simple through their simplified personal loan process. I have also opened a Savings Account, and considering the services offered by the bank, I’ll proudly refer the IDFC FIRST Bank to my peers – truly a Customer first bank."

  • Ajay Das Testimonial
    Ajay Das

    "I had applied for a loan at IDFC FIRST Bank and it got disbursed quickly. I am really impressed with the commitment level of the bank employees."

Personal Loan Balance Transfer

Transfer your existing Personal Loans to IDFC FIRST Bank at Flat 0.5% Lower ROI (Fixed ROI - Monthly Reducing)*.

Fixed ROI (monthly reducing basis) starting at 10.75% p.a.

Benefits of IDFC FIRST Bank Personal Loan

Loans up to ₹1 Crore with Industry-best TAT

  • Loan up starting ₹1 Lac up to ₹1 Crore for salaried professional without any collateral requirement with a seamless experience in our best-in-class digital application journey.
  • Get loan disbursed in your loan account quickly, with a turn around time that is best in the industry.

  • *T&C Apply

Repayment Flexibility with Tenure up to 84 months

  • Flexible Repayment Tenure starting 12 months up to 84 months; It can help you better manage your cash flow, avoid default, achieve greater financial stability, and have more control over your finances.
  • *T&C Apply

Save on every Repayment through Debt Consolidation

  • Our Personal Loans come with a tenure of up to 84 months & the best-in-class Personal Loan interest rate for salaried individuals. For the self-employed, it comes with a special loan approval process using only the Banking Statement and no requirement of other financial documents.

    *T&C Apply
PERSONAL LOAN ELIGIBILITY
Who Can Apply?

For Salaried Individuals:

  • Minimum Age: 23 years
  • Maximum Age: At the time of loan maturity, 60 years or retirement, whichever comes first

Documents Required for Personal Loan

Instant Personal Loan disbursal through digital loan journey:

  • Valid KYC
  • RBI Approved Account Aggregator Process/ Bank Statement
  • Net Banking or Debit Card details to set up e-Mandate

More Details

Personal Loan Eligibility

FEES & CHARGES

Enjoy pocket-friendly
interest rates

View Fees & Charges

Personal Loan Fees And Charges

Types of Personal Loan

Travel Loans

Need urgent funds to meet your travel expenses? Apply online for Personal loan with IDFC FIRST Bank for travel and enjoy your dream vacation without digging into your savings or redeeming your investments. Get attractive interest rates and flexible repayment tenures. Salaried and first-time borrowers can apply for Personal Loan for travel.

Benefits of Personal loan for travel:

  • Easy access to funds to meet your travel expenses
  • Paperless application process available 24*7
  • Attractive Fixed Rate of interest (on monthly reducing Basis) starting just at 10.75% p.a.
  • No guarantor or collateral required
  • Convenient repayment tenure up to 84 months
Travel loans

Emergency Personal Loans

Meet your unexpected financial expenses with emergency personal loans. Get urgent funds without any collaterals at competitive interest rates. Apply for emergency personal loans online and get the amount in your bank account instantly after approval. Available to salaried as well as first-time borrowers.

Advantages of Personal loan for emergency:

  • Handle with your financial urgencies quickly
  • Enjoy easy online application process with completely digital verifications
  • Quick approvals and disbursals
  • No collateral required to apply for emergency personal loans
  • Flexible repayment tenure up to 84 months
  • Attractive Fixed Rate of interest (on monthly reducing Basis) starting at 10.75% p.a.
Emergency Personal Loans

Marriage Loans

Marriage, a key milestone in one’s life requires a substantial amount to meet its various expenses. Get convenient loans to meet wedding expenses with a Personal loan for marriage. No need to depend on your big savings or the long-term investments. Enjoy the ease of flexible repayments and affordable interest rates. Salaried individuals can apply for a Personal loan for marriage with IDFC FIRST Bank.

Advantages of Personal loan for marriage:

  • Get a large amount up to ₹1 crore
  • Convenient application process and instant disbursal after loan approval
  • Apply online from anywhere and anytime
  • Affordable Fixed Rate of interest (on monthly reducing Basis) starting at 10.75% p.a.
  • No security required to apply for a marriage loan
  • Flexible repayment terms ranging up to 84 months
Marriage loans

Medical Loans

Hospitalisation and treatment costs can consume your life’s savings. Manage your medical expenses without any burden or withdrawing from your savings through Personal Loan. Apply online and receive the amount instantly after approval. Get affordable interest rates and convenient repayment tenures.

Advantages of Personal loans for medical purpose:

  • Apply online for Instant Personal loan from anywhere and anytime
  • Get the amount within a few hours of application
  • Completely digital verification process for your convenience
  • Get high loan amounts up to ₹1 crore for your medical expenses
  • No collateral or security needed
  • Affordable Fixed Rate of interest (on monthly reducing Basis) starting at 10.75% p.a.
Medical Loans

Debt Consolidation Loans

Managing multiple loans can be taxing. With debt consolidation loans, you can close off your other loans and pay a single loan instead. As a result, you need to worry about the EMIs for only one loan.

Get debt consolidation funds at attractive interest rates with convenient loan tenures. Apply for a Personal loan online to consolidate debt from anywhere, anytime. Salaried can opt for them.

  • Consolidate all your debts conveniently into a single loan and manage it better
  • Digital and paperless process
  • Funds transferred directly to your bank account
  • Competitive Fixed Rate of interest (on monthly reducing Basis) starting at 10.75% p.a.
  • No collateral or security required for debt consolidation loans
  • Flexible repayment tenures between 6 months to 84 months
  • Easy repayment options to foreclose your loans
Debt consolidation loans
Travel Loans

Travel Loans

Need urgent funds to meet your travel expenses? Apply online for Personal loan with IDFC FIRST Bank for travel and enjoy your dream vacation without digging into your savings or redeeming your investments. Get attractive interest rates and flexible repayment tenures. Salaried and first-time borrowers can apply for Personal Loan for travel.

Benefits of Personal loan for travel:

  • Easy access to funds to meet your travel expenses
  • Paperless application process available 24*7
  • Attractive Fixed Rate of interest (on monthly reducing Basis) starting just at 10.75% p.a.
  • No guarantor or collateral required
  • Convenient repayment tenure up to 84 months
Emergency Personal Loans

Emergency Personal Loans

Meet your unexpected financial expenses with emergency personal loans. Get urgent funds without any collaterals at competitive interest rates. Apply for emergency personal loans online and get the amount in your bank account instantly after approval. Available to salaried as well as first-time borrowers.

Advantages of Personal loan for emergency:

  • Handle with your financial urgencies quickly
  • Enjoy easy online application process with completely digital verifications
  • Quick approvals and disbursals
  • No collateral required to apply for emergency personal loans
  • Flexible repayment tenure up to 84 months
  • Attractive Fixed Rate of interest (on monthly reducing Basis) starting at 10.75% p.a.
Marriage Loans

Marriage Loans

Marriage, a key milestone in one’s life requires a substantial amount to meet its various expenses. Get convenient loans to meet wedding expenses with a Personal loan for marriage. No need to depend on your big savings or the long-term investments. Enjoy the ease of flexible repayments and affordable interest rates. Salaried individuals can apply for a Personal loan for marriage with IDFC FIRST Bank.

Advantages of Personal loan for marriage:

  • Get a large amount up to ₹1 crore
  • Convenient application process and instant disbursal after loan approval
  • Apply online from anywhere and anytime
  • Affordable Fixed Rate of interest (on monthly reducing Basis) starting at 10.75% p.a.
  • No security required to apply for a marriage loan
  • Flexible repayment terms ranging up to 84 months
Medical Loans

Medical Loans

Hospitalisation and treatment costs can consume your life’s savings. Manage your medical expenses without any burden or withdrawing from your savings through Personal Loan. Apply online and receive the amount instantly after approval. Get affordable interest rates and convenient repayment tenures.

Advantages of Personal loans for medical purpose:

  • Apply online for Instant Personal loan from anywhere and anytime
  • Get the amount within a few hours of application
  • Completely digital verification process for your convenience
  • Get high loan amounts up to ₹1 crore for your medical expenses
  • No collateral or security needed
  • Affordable Fixed Rate of interest (on monthly reducing Basis) starting at 10.75% p.a.
Debt Consolidation Loans

Debt Consolidation Loans

Managing multiple loans can be taxing. With debt consolidation loans, you can close off your other loans and pay a single loan instead. As a result, you need to worry about the EMIs for only one loan.

Get debt consolidation funds at attractive interest rates with convenient loan tenures. Apply for a Personal loan online to consolidate debt from anywhere, anytime. Salaried can opt for them.

  • Consolidate all your debts conveniently into a single loan and manage it better
  • Digital and paperless process
  • Funds transferred directly to your bank account
  • Competitive Fixed Rate of interest (on monthly reducing Basis) starting at 10.75% p.a.
  • No collateral or security required for debt consolidation loans
  • Flexible repayment tenures between 6 months to 84 months
  • Easy repayment options to foreclose your loans

FREQUENTLY ASKED QUESTIONS

What is a Personal Loan?

A Personal Loan is a loan that helps you borrow money for any planned or unplanned, small or big expenses in your life, without any collateral or co signee. 

What can a Personal Loan be used for?

You can avail a Personal Loan for that dream beach holiday or that perfect destination wedding or for the kitchen remodeling you have been postponing. Take care of your medical emergencies with our truly paperless Personal Loans. Get a Personal Loan from IDFC FIRST Bank at minimum interest rates for amounts starting from as low as Rs. 1 Lacs  to Rs. 1 Crore. 

Do I need to provide any security or collateral to apply for an Personal Loan?

No, Instant Personal Loans are not secured by any collateral or security and are disbursed at the discretion of IDFC FIRST Bank, based on the creditworthiness of the borrower.

What are the advantages of availing a Personal Loan from IDFC FIRST Bank?

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

Is IDFC FIRST Bank offering lowest Monthly Reducing Rate of Interest on Personal Loan?

IDFC FIRST Bank offers one of the lowest Monthly Reducing Rate of Interest on Personal Loans in the industry starting from 10.75%*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

Where can I apply for a Personal Loan?

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

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

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

Who can apply for IDFC FIRST Bank Personal Loan?

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.

How do I check my eligibility for Personal Loan?

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

What are the must-knows while applying for your Personal Loan? Is there a checklist to refer before applying for Personal Loans?

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.

What are the Do’s and Don’ts to keep in mind when applying for Personal Loan?

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

How much time will it take for credit decisioning on my Personal Loan application?

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.

Where can I check my Personal Loan status?

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.

What are the Fees and Charges levied on a Loan account?

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

Can I cancel my application after my Personal Loan has been approved?

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

Click here to know about our cancellation policy.

What documents are required to apply for a loan?

Enjoy our truly paperless and digital documentation process.

Click here to know more

How can I change my EMI schedule?

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

How can I change my personal details (address, e-mail, mobile number) for my Loan account?

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

How do I download my Loan account statement and Loan repayment schedule?

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

Where can I get my No Due certificate from?

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

How do I make overdue payments of my Personal Loan?

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

More FAQs

Personal Loan Blogs

person using a calculator with a pen in hand

FEATURED

Debt-to-income ratio and personal loans: Some important aspects you must be aware of

When you apply for a personal loan, lenders use the debt-to-income ratio to determine your eligibility. Hence, you must thoroughly understand what is debt-to-income ratio and the steps you can take to improve it. Read on to learn more.

IDFC FIRST Bank19 Jul 2023 • 3 mins read

Read Full Story

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