FIRSTmoney Personal Loan - Tailored for You

You can check the status of your FIRSTmoney personal loan application on the application link or track the progress of your existing loan through IDFC FIRST Bank’s Mobile App. Alternatively, you can contact the customer service by dialling 1800-10-888 for assistance in checking your personal loan status.

FIRSTmoney is a Smart Personal Loan, a first-of-its-kind product through which applicants can get up to ₹10 lakhs without any collateral or co-signee. The process is entirely digital, ‘Do-It-Yourself’ without the need for physical documentation.

You can foreclose your loan via the IDFC FIRST Bank mobile app with the following steps:

1. Register using mobile number & DOB.
2. Under the ‘Loans’ section on the FIRSTmoney dashboard, select ‘Active draw’
3. Click on ‘Foreclose with 0 Charges’ to proceed for closing your loan.
4. Alternatively, you can contact our customer service by dialling 1800-10-888

FIRSTmoney is an smart way to acquire an instant personal loan with zero documentation. You also get to choose your EMI plan as per your convenience and pre-pay or foreclose the loan without any fees or penalties. Here’s how FIRSTmoney is more beneficial than traditional personal loans:

Yes. Monthly reducing rate of interest is a way of computing the interest charged on the reducing rate principle. As the outstanding principal amount reduces, the interest payable on your loan also reduces.

The approval of loan amount is determined based on the bank’s internal policies and creditworthiness of the customer. The maximum loan offered is ₹10 lakhs for a salaried customer.

IDFC FIRST Bank provides a complete digital experience of availing Smart Personal Loans for salaried and self-employed individuals. Your eligibility depends on your credit score, income, and your existing liabilities, which will be used to ascertain your credit worthiness. The CIBIL score of the applicant should be 730 or more.

Here are the Do’s and Don’ts for applying for the smart personal loan:

Do's:

• Check if your credit score is at least 730
• Check your eligibility and requisite documentation i.e. Physical PAN for Video KYC
• Ensure stable internet connection before starting the application process & for completion of Video KYC
• Check if additional charges like processing fees, prepayment charges etc are applicable. FIRSTmoney charges zero foreclosure fees

Don’ts:

• Forget to check your credit score
• Proceed with the application without calculating your eligibility or charges

The information provided is safe and stored as per RBI guidelines. IDFC FIRST Bank does not provide any sensitive data to any third-party organizations.

One can download the IDFC FIRST Bank’s mobile App and login using their mobile number and date of birth. To download loan documents, customers can navigate to the FIRSTmoney dashboard by clicking on the FIRSTmoney card in the 'Loans' section. Under Active loans, click on 'View details' and navigate to 'Loan documents' to download loan-related documents. Additionally, customers can access this section to view all loan-related details like due date and payment history.

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

Enjoy our truly paperless and intuitive digital loan application process. You only need a physical PAN card for completing your Video KYC Verification process – nothing else!

You can obtain the No-Dues certificate from the IDFC FIRST Bank mobile app with the following steps:

• Register using mobile number & DOB, if not registered for Mobile Banking Services
• Under the ‘Loans’ section on the FIRSTmoney dashboard, select ‘Fully paid draw’
• Click on ‘View Details’, then on Loan Documents to download NOC
• Alternatively, you can contact our customer service by dialling 1800-10-888

You can make overdue payments via the IDFC FIRST Bank mobile app with the following steps:

• Register using mobile number & DOB, if not registered for Mobile Banking Services
• Under the Loans section on the FIRSTmoney dashboard, click on ‘Clear Overdue’ to proceed to clear overdue payments
• Alternatively, you can contact our customer service by dialling 1800-10-888

You can apply for a personal loan online by visiting our website or scanning the QR code provided on the portal. The entire process is digital, from eligibility check to loan disbursal.

Yes, our smart personal loans online are unsecured, meaning no collateral is required. You can get the loan amount directly in your account without any need for documentations, property, or asset pledges.

The approval and disbursal processes are swift. Once you complete the personal loan apply online process, the loan is credited to your account within a few hours.

Yes, a small processing fee applies when you apply for personal loan online. However, the fees are minimal, and you benefit from zero foreclosure charges when you repay early.

You can check the status of your loan through the IDFC FIRST Bank mobile app, where details about your instant personal loan online will be available on the Loans Dashboard.