The features of the IDFC personal loan are mentioned below:
IDFC FIRST Personal Loan 2026

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Key Highlights - IDFC FIRST Bank Personal Loan at a Glance
IDFC FIRST Bank Personal Loan Interest Rates 2026
IDFC FIRST Bank personal loan interest rate starts from 9.99% p.a. onwards. It is important to note that the final interest rate on your IDFC personal loan will be determined based on various factors, including credit score, existing obligations, income range and employment type, etc.
Detailed IDFC FIRST Personal Loan Eligibility Criteria
The IDFC personal loan eligibility criteria are simple and easy to understand
Documents Required for IDFC FIRST Loan Online
To apply for an IDFC personal loan online, borrowers need to provide the physical copies of the documents mentioned below at the time of video KYC:
The loan process is 100% digital and paperless.
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IDFC FIRST Bank Personal Loan EMI Calculator
Before applying for a personal loan, it is a smart move to estimate your EMI using the IDFC Personal Loan EMI calculator. It helps you understand how much money will be used as EMI every month and how much you will be left with, aiding in well-informed loan selection. To use the IDFC personal loan EMI calculator, users need to enter:
The calculator will show instant results. Additionally, you can also use Paisabazaar’s Personal Loan EMI Calculator for free and get accurate results.
How to Apply for an IDFC FIRSTmoney Personal Loan Online via Paisabazaar
You can apply for an IDFC Bank personal loan online at Paisabazaar in the following steps:
IDFC Personal Loan Fees and Other Charges
The fees and charges of the IDFC FIRSTmoney personal loan are as follows:
| Particulars | Charges |
|---|---|
| Processing Fees | 0 to 3.5% of the loan amount (incl. GST)Note: 0% processing fee is available on select loan amounts |
| EMI Bounce Charges | EMI Bounce Charges 12% of the EMI/ Outstanding amount (minimum Rs. 400 & maximum Rs. 1000) |
| Stamping Charges | As per the State’s Stamp Act |
| Penalty for overdue EMIs | 12% p.a or Rs 300, whichever is higher. |
| Foreclosure charges | NIL |
| Cooling-off period | 3 days (Loan can be cancelled without penalty within 3 days) |
Common Reasons for Personal Loan Rejection
Several mistakes can lead to IDFC Bank personal loan rejection. A few of them are discussed below:
Keeping all the above-mentioned factors in check not only helps in improving your approval chances, but also helps you get the best personal loan interest rate.
IDFC FIRST Personal Loan vs Other Popular Personal Loans
| Feature | IDFC FIRST Bank | HDFC Bank | Axis Bank | YES BANK |
|---|---|---|---|---|
| Interest rate | 9.99% | 9.99% | 9.99% | 10.85% |
| Loan amount | Rs. 15 lakh | Rs. 50 lakh | Rs. 50 lakh | Rs. 50 lakh |
| Tenure | 60 months | 84 months | 84 months | 72 months |
| Processing fess | 0% to 3.5% | Up to Rs. 6,500/- | Up to 2% | Up to 2.5% |
Personal Loan Eligibility Calculator
You can use a personal loan eligibility calculator to estimate the loan amount you may qualify for. To use Paisabazaar’s Personal Loan Eligibility Calculator, follow these steps:
On entering all details, the calculator will show the estimated personal loan amount you may qualify for.
Note: The calculator only shows an estimate. The final loan amount may vary depending on your credit history, repayment record and lender’s internal policies.
Credit Score vs Approval Chances
Your credit score is one of the most important metrics used for assessing your creditworthiness. Lenders in India usually prefer a credit score of 760 or above for the best personal loan offers in 2026. A table illustrating the approval chances against different credit scores is given below:
| Credit Score | Approval Chances* |
|---|---|
| 800+ | Excellent |
| 750–799 | Very High |
| 710–749 | Good |
| 650–709 | Moderate |
| Below 650 | Low |
*The credit score range and the chances of credit approval are indicative in nature only. The authority for final approval or rejection lies completely with the lending institution.
FIRSTmoney Flexi Loan vs Regular Personal Loan
| Feature | IDFC FIRSTmoney Flexi Loan | Regular Personal Loan |
|---|---|---|
| Loan Access | An approved limit enabling amount withdrawal whenever needed. | The entire sanctioned loan amount is disbursed in one go. |
| Need for a New Application | No need for multiple applications. You can withdraw a number of times up to the approved limit. | Fresh loan applications are required every time you need extra funds. |
| Minimum Withdrawal | Withdraw loans starting from Rs. 10,000. | No withdrawal flexibility |
| Interest Charged On | Interest is charged only on the amount you withdraw and use. | Interest is charged on the entire loan amount from the date of disbursal. |
| Best Suited For | Borrowers who need funds at different times and want to pay interest only on the amount utilised. | Borrowers who need the entire loan amount upfront for a planned expense. |
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FAQs
What is the minimum CIBIL score for an IDFC personal loan?
IDFC FIRST Bank prefers its applicants to maintain a score of 710+ for salaried employees, whereas self-employed individuals need to maintain a score of 760+ .
Can a self-employed person get an IDFC Bank personal loan?
Yes, self-employed professionals can also apply for an IDFC FIRST Bank personal loan.
What is the minimum income required for an IDFC personal loan in India?
You require a minimum salary of Rs. 10,000 per month for IDFC FIRSTmoney personal loan. The salary requirement may vary depending on your desired loan amount.
What is the current IDFC personal loan interest rate in 2026?
The current IDFC personal loan interest rate in 2026 is 9.99% p.a. onwards.
What factors affect my IDFC Bank personal loan interest rate?
Factors like the borrower’s credit score, debt-to-income ratio, loan tenure, loan amount, etc., affect the IDFC Bank personal loan interest rate.
Is the IDFC personal loan interest rate fixed or floating?
IDFC personal loan interest rate is fixed.
What happens if I miss an EMI on my IDFC FIRST Bank loan?
Missing an EMI (Equated Monthly Instalment) on your IDFC FIRST Bank personal loan can lead to a late payment penalty, EMI bounce charges, lowering of the credit score and the loan being classified as an NPA, if EMI remains unpaid for 90 days.
How to increase my personal loan eligibility with IDFC FIRST Bank?
Improving your personal loan eligibility with IDFC FIRST Bank includes improving your credit score, maintaining a stable income, maintaining a Net Monthly Income/Equated Monthly Instalment (NMI/EMI) ratio of 50-55%, applying with a co-applicant and more.
Is IDFC Bank good for personal loans?
Yes, IDFC Bank is a leading private bank in India, providing easy access to personal loans to applicants in 2026. It offers multiple benefits to borrowers, including fast disbursal, minimum documentation, flexible loan amounts and more.
Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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Get up to ₹50 Lakhs starting at 9.98%*
Get up to ₹50 Lakhs starting at 9.98%*







