Paisabazaar Logo - Compare loans and credit cards

IDFC First Bank 1 Lakh Personal Loan

Icon image of Wide Choice

Wide Choice

Icon image of Quick Disbursal

Quick Disbursal

Icon image of SmartMatch

SmartMatch

Icon image of Digital Process

Digital Process

Illustration

Apply Personal Loan Online

google-play-icon

Google Play Store

4.5/5

15.5L Reviews

51M+Satisfied Customers
65+Lending Partners
800+Cities across India

Find Best Personal Loan Offers

Sort by:

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 Fee₹ 6,500
Axis Bank
Low Processing fee
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

Quick Links

Why Choose Paisabazaar?
image of Compare & Choose the <strong>Best Offer</strong>

Compare & Choose the Best Offer

image of Pre-approved Offers with <strong>Instant Disbursals</strong>

Pre-approved Offers with Instant Disbursals

image of Know Your <strong>Chances of Approval</strong>

Know Your Chances of Approval

image of End-to-End <strong>Digital Process</strong>

End-to-End Digital Process

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.

Avail Personal Loan for
All Your Needs

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

Swipe to see more table data

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

Explore Our Personal Loan Lenders

HDFC BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankTata CapitalTata Capital
View All Partners

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.

Personal Loan Articles

Importance of No Dues Certificate in Personal Loan Closure - Article image

Importance of No Dues Certificate in Personal Loan Closure

icon image of Paisabazaar
Paisabazaar02 Sept 2025
Loan rejected despite high income? Here’s what you need to know - Article image

Loan rejected despite high income? Here’s what you need to know

icon image of Paisabazaar
Paisabazaar19 Aug 2025
Personal Loan for First Time Borrowers: What Customers Must Know - Article image

Personal Loan for First Time Borrowers: What Customers Must Know

icon image of Paisabazaar
Paisabazaar04 Aug 2025
How I Saved Rs 22,000 on My Personal Loan through Prepayment - Article image

How I Saved Rs 22,000 on My Personal Loan through Prepayment

icon image of Bhumika Khandelwal
Bhumika Khandelwal31 Jul 2025
How Have Personal Loans Advanced Over the Past few Years - Article image

How Have Personal Loans Advanced Over the Past few Years

icon image of Paisabazaar
Paisabazaar17 Jul 2025
Factors To Consider While Selecting a Personal Loan Lender - Article image

Factors To Consider While Selecting a Personal Loan Lender

icon image of Paisabazaar
Paisabazaar16 Jul 2025
Instant Personal Loan Apps: Avoid These 5 Pitfalls - Article image

Instant Personal Loan Apps: Avoid These 5 Pitfalls

icon image of Bhumika Khandelwal
Bhumika Khandelwal16 Jul 2025
Reasons for Delay in Personal Loan Processing - Article image

Reasons for Delay in Personal Loan Processing

icon image of Paisabazaar
Paisabazaar09 Jul 2025
APR vs Interest Rate in Personal Loans: What’s the Difference? - Article image

APR vs Interest Rate in Personal Loans: What’s the Difference?

icon image of Bhumika Khandelwal
Bhumika Khandelwal07 Jul 2025
Tips to Choose an Ideal Personal Loan Tenure - Article image

Tips to Choose an Ideal Personal Loan Tenure

icon image of Paisabazaar
Paisabazaar07 Jul 2025
View All Articles
quotes icon

What our customers say

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.

icon image of avatar
Sadia KhatunJan 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

icon image of avatar
Tarini RoyJan 14, 2026

Easy personal loan available

Took personal loan. Good experience.

icon image of avatar
Ruchika TiwariJan 14, 2026

Medical Emergency thi, loan jaldi mil gya

Muhje ek medical emergency ke liye personal loan lena padha. Paisabazaar pe bht jaldi or smooth process tha. time pe kaam agaya.

icon image of avatar
Raj SinghJan 13, 2026

Compare karke sahi rate mila

Loan offers jab comapre kiya toh pata chala konse loan lene se muhje sahi mai faida hoga. Isiliye Paisabazaar muhje best laga.

icon image of avatar
Akrity PandeyJan 5, 2026

Personal loan fatfat mai mil gaya

Muhje paiso ki urgent need thi. Paisabazaar se loan jaldi or sahi rate pe mil gaya.

icon image of avatar
Riya MehraJan 5, 2026

Loan from Paisabazaar was actually paperless

I always used to think that the paperless loan is a myth. But on Paisabazaar, I applied for the pre approved loan from IDFC Bank and all documentation was already done. I just filled the form, did kyc and my loan was approved and disbuursed one the same day.

icon image of avatar
Tanmay BorkatakiDec 12, 2025

Best place for a small loan

I have take loan of 60-70000 three times from paisabazaar in 4 years and every time it has been a very good experience. They provide the loan without failure and have also helped me improve my cibil.

icon image of avatar
Aridaman Singh ParhichaDec 11, 2025

My loan got approved immediately

I wanted a loan and I was able to get it approved through Paisabazaar. It was instantaneous and I got the amount in my account in 2 days only.

icon image of avatar
Priyam Sarkar MajumdarDec 10, 2025

I get loan from here

I get loan from Paisabazaar here and it is very quickly given to me.

icon image of avatar
Bilal ZaidiDec 9, 2025
View All Testimonials
Vandana Punj profile
Written ByLinkedIn icon
Vandana Punj
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners

*Applicable for selected customers