IDFC First Bank personal loan interest rate starts at 9.99% p.a. for applicants availing a loan amount of Rs. 5 lakh. However, the interest rate offered may vary based on the credit profile of the applicant, loan amount and tenure desired, income and employment stability, existing relationship with the bank, etc.
IDFC First Bank 5 Lakh Personal Loan
IFDC First Bank personal loans are offered up to Rs. 10 lakh. These loans are available at an competitive interest rate starting from 9.99% p.a. IDFC First Bank personal loans can be repaid over a tenure ranging between 9 to 60 months, require minimal documentation and no collateral or security.
Digital Process
Hassle-free & paperless
Wide Choice
Curated offers from 30+ lenders
SmartMatch
Offers ranked according to eligibility
No End-use Restriction
Loan to Cater to Your Needs
Customer Rating
4.2/5
2839 Reviews
51M+Satisfied Customers
65+Lending Partners
800+Cities across India
Get up to ₹1,000*
Voucher on disbursal
Valid till 15th November '25Voucher on disbursalValid till 15th November '25*T&C Apply
Check Personal Loan Offers Online
Customer Rating
4.2/5
2839 Reviews
51M+Satisfied Customers
65+Lending Partners
800+Cities across India
Paisabazaar Exclusive Benefits
Digital Process
Hassle-free & paperless
Wide Choice
Curated offers from 30+ lenders
SmartMatch
Offers ranked according to eligibility
No End-use Restriction
Loan to Cater to Your Needs
Find Best Personal Loan Offers
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?
Compare & Choose the Best Offer
Pre-approved Offers with Instant Disbursals
Know Your Chances of Approval
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
Interest Rates for 5 Lakh IDFC First Bank Personal Loan
Features of Lakh IDFC First Bank Personal Loan
Here are some of the key features of a personal loan of Rs. 5 lakh from IDFC First Bank:
Eligibility Criteria for 5 Lakh IDFC First Bank Personal Loan
Given below is the key eligibility criteria for applicants to avail a personal loan of Rs. 5 lakh from IDFC First Bank:
Documents Required for IDFC First Bank Personal Loan of 5 Lakh
No physical documents are required to avail a personal loan of Rs. 5 lakh from IDFC First Bank since the bank has a completely digital application process. You are simply required to present your physical PAN card during the video KYC process.
Fees and Charges for 5 Lakh IDFC First Bank Personal Loan
Here are the key fees and charges associated with a personal loan of Rs. 5 lakh from IDFC First Bank:
| Type of Charge | Charge/Fee |
|---|---|
| Processing Fee | 2% of the total loan amount (incl. GST) |
| Stamping Charges | As per 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 allowed |
| Duplicate No Objection Certificate | Rs. 500 |
| EMI Pickup/Collection Charges | Rs. 500 |
| Document Retrieval Charges | Rs. 500 |
| Physical Statement of Account | 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. 5 Lakh for Different Tenures
Given below is the EMI calculation of personal loan of Rs. 5 lakh from IDFC First Bank offered at an interest rate of 9.99% p.a. for different tenures. Applicants planning to get a personal loan can calculate the EMI and total interest cost that they will have to pay throughout the loan tenure using the online personal loan EMI calculator.
| Loan Amount | Loan Tenure | Interest Rate (p.a.) | EMI (Rs.) |
|---|---|---|---|
| Rs. 5,00,000 | 1 year | 9.99% | 43,956 |
| Rs. 5,00,000 | 2 years | 9.99% | 23,070 |
| Rs. 5,00,000 | 3 years | 9.99% | 16,131 |
| Rs. 5,00,000 | 4 years | 9.99% | 12,679 |
| Rs. 5,00,000 | 5 years | 9.99% | 10,621 |
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
FAQs
What our customers say
Highly recommended platform
Sunil YadavOct 29, 2025
Instant loan disbursal
Neha JainOct 29, 2025
Excellent platform
Manish KumarOct 23, 2025
Got personal loan instant
Mansi SharmaOct 17, 2025
Got loan yesterday
Priyanka SharmaOct 15, 2025
Got personal loan in a few minutes
Preeti SinghSep 26, 2025
Cibil kam tha fir bhi loan dila diya
Pawan SehrawatSep 25, 2025
Personal loan quick approved
Vivaan ShahSep 24, 2025
Loan Approved in on day
Rahul MehtaSep 23, 2025
Personal loan mila yahaan se
Pankaj SinhaSep 22, 2025
Written By
Vandana Punj
Reviewed By
Shamik GhoshPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners
*Applicable for selected customers