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IDFC First Bank 1 Lakh Personal Loan

IFDC First Bank personal loans are available up to Rs. 10 lakh at an attractive interest rate starting from 9.99% p.a. The loan comes with flexible repayment tenure ranging between 9 to 60 months, requires minimal documentation and can be foreclosed anytime with zero foreclosure charges.
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Get up to ₹50 Lakhs starting at 9.98%

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₹65k Cr+Loans Disbursed
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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Features of 1 Lakh IDFC First Bank Personal Loan

The following are some of the key features of a personal loan of Rs. 1 lakh from IDFC First Bank:

  • Offered at a competitive interest rate starting from 9.99% p.a.
  • Comes with flexible repayment tenure ranging between 9 to 60 months
  • 100% digital application process - no branch visits or paperwork required
  • Zero foreclosure charges
  • Instant disbursal within 30 minutes of loan approval
  • No collateral or security required and no restriction on end usage

Interest Rates for 1 Lakh IDFC First Bank Personal Loan

IDFC First Bank personal loan interest rate starts at 9.99% p.a. for applicants availing a loan amount of Rs. 1 lakh. However, the interest rate offered to an applicant might vary depending on the credit profile of the applicant, income and employment stability, loan amount and tenure desired, existing relationship with the bank, etc.

Eligibility Criteria for 1 Lakh IDFC First Bank Personal Loan

The following is the key eligibility criteria for applicants to avail a personal loan of Rs. 1 lakh from IDFC First Bank:

  • Should be aged between 21 to 60 years
  • Should be either salaried or self-employed
  • Salaried individuals should have a minimum monthly salary of Rs. 25,000

Documents Required for IDFC First Bank Personal Loan of 1 Lakh

You are not required to submit any physical documents to avail a personal loan of Rs. 1 lakh from IDFC First Bank since the bank has a completely digital application process. You just need to present your physical PAN card during the video KYC process.

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Fees and Charges for 1 Lakh IDFC First Bank Personal Loan

The following are the key fees and charges associated with a personal loan of Rs. 1 lakh from IDFC First Bank:

Type of Charge Fee/Charge
Processing Fee 2% of the total loan amount (incl. GST)
Stamping Charges According to the State’s Stamp Act
Penalty on EMIs Overdue 2% of unpaid EMI
EMI Bounce Charges 7.5% of the EMI/ outstanding amount (minimum Rs. 400 and maximum Rs. 1,000)
Payment Swap Charges Nil
Foreclosure Charges Nil (Foreclosure requires a sanction letter)
Part Pre-Payment Charges Not permitted
EMI Pickup/Collection Charges Rs. 500
Duplicate No Objection Certificate Rs. 500
Physical Statement of Account Rs. 500
Document Retrieval Charges Rs. 500
Cooling-off Period Penalty Nil for 3 days (Loan can be cancelled without penalty within 3 days)
Technical Bounce Charges (Mandate Rejection Technical Bounce Charges) 7.5% of the EMI/ outstanding amount (minimum Rs. 400 and maximum Rs. 1,000)

EMI Calculation for Personal Loan of Rs. 1 Lakh for Different Tenures

The following is the EMI calculation of personal loan of Rs. 1 lakh from IDFC First Bank offered at 9.99% p.a. for different tenures. Applicants planning to get a personal loan can calculate the EMI and total interest cost payable throughout the loan tenure using online personal loan EMI calculator.

Loan Amount Loan Tenure Interest Rate (p.a.) EMI (Rs.)
Rs. 1,00,000 1 year 9.99% 8,791
Rs. 1,00,000 2 years 9.99% 4,614
Rs. 1,00,000 3 years 9.99% 3,226
Rs. 1,00,000 4 years 9.99% 2,536
Rs. 1,00,000 5 years 9.99% 2,124

How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Avail Personal Loan for
All Your Needs

FAQs

You can use your IDFC First Bank personal loan to meet any personal financial need such as to meet medical expenses, home renovation, travel expenses, etc.

The total interest cost of Rs.1 lakh personal loan at 9.99% p.a. for a tenure of 1 year is Rs. 5,493.

You can apply for an IDFC First Bank personal loan of Rs. 1 lakh through the official IDFC First Bank website or mobile app. You can also visit the Paisabazaar app or website to compare the interest rates and other loan offers by various lenders and apply for the one that best suits your requirements.

No, you need not submit any collateral or security to avail a personal loan of Rs. 1 lakh from IDFC First Bank. 

You can repay your IDFC First Bank 1 lakh personal loan within a tenure ranging between 9 to 60 months.

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What our customers say

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026

Best Advisor for Personal Loan

I would like to share my feedback regarding my recent interaction with Mr. Vipin Singh (employee id EW12967) After discussing the financial matters with him, I felt very satisfied with his approach and professionalism. He explained everything clearly, handled the discussion patiently, and ensured that all concerns were addressed effectively. His communication skills, positive attitude, and dedication towards his responsibilities truly reflect his commitment to the organization.

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20th Jan 2026Jan 20, 2026

Meri shaddi thi

Shadi mai bht kharche hote hai. Maine shaddi ke liye personal loan paisabazaar se liya tha. Process smooth tha or interest bhi sahi milla.

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Sadia KhatunJan 15, 2026

Perfect for Loan Solutions

Recently I had a conversation with Mr. Harsh ji. Thanks Mr. Harsh ji for providing a better solution in a very short period of time with very nice behaviour. Thank You very much.

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Amit ChahalJan 15, 2026

Travel ke liye personal loan liya tha

Mai bohot din se out of India ghumne jana chahti thi lekin jab jane ka time mila toh budget kaam padh raha tha, Paisabazaar se personal loan leke bht acha trip kiya. Maza agaya. Mere upar koi burden bhi nhi padha

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Tarini RoyJan 14, 2026

Easy personal loan available

Took personal loan. Good experience.

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Ruchika TiwariJan 14, 2026

Stress-free Laon Borrowing Process

There was a complication with my KYC verification. Paisabazaar’s Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly. His prompt assistance and communication made the entire experience smooth and stress-free. Thanks to his efforts, the loan process was completed without further delays.

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Abhishek ThakuraJan 14, 2026
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