Download AppWin Assured Cashback
Paisabazaar Logo - Compare loans and credit cards

IDFC FIRST Personal Loan 2026

IDFC FIRST Bank offers the FIRSTmoney personal loan up to Rs. 15 lakh for a tenure of up to 60 months. FIRSTmoney personal loan offers flexibility, affordability and near-instant access to borrowers. Borrowers can apply through Paisabazaar and experience 100% digital processes with quick approval and disbursal. Borrowers can use the IDFC Bank personal loan to meet their various financial needs, including expenses related to wedding, educational, travel and more.
icon
Get Cashback of 1,000* on Loan Disbursal
Valid till 31st July '26 *T&C Apply
Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.99%

4.5/5

15.6L Reviews

6cr+Satisfied Customers
30+Lending Partners
₹65k Cr+Loans Disbursed
Icon image of Compare 30+ Lenders instantly

Compare 30+ Lenders instantly

with no physical paperwork.

Icon image of Get funds in 24 hours

Get funds in 24 hours

with instant pre-approval.

Icon image of Check eligibility

Check eligibility

with zero impact on your credit score.

Icon image of Bank-grade security

Bank-grade security

with RBI-approved lenders and no spam calls.

Key Highlights - IDFC FIRST Bank Personal Loan at a Glance

The features of the IDFC personal loan are mentioned below:

  • Loan amount: Up to Rs. 15 lakh
  • Tenure: Up to 60 months
  • Interest rate: Starting from 9.99% p.a.
  • Processing fee: 0% to 3.5% of loan amount (incl. GST) (0 processing fee is available on select loan amounts)
  • Collateral: Not required
  • Foreclosure: Zero

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

  • Employment: Salaried and Self-employed Individuals
  • Age: 21 to 60 years
  • CIBIL score: Minimum 710 or above

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:

  • PAN card (Mandatory document for all applicants)
  • For Video KYC: Passport, Voter ID, Driving License

The loan process is 100% digital and paperless.

Avail Personal Loan for
All Your Needs

Avail Personal Loan Banner

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 loan amount
  • The loan tenure
  • The interest rate

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:

  • Log in to your Paisabazaar app
  • Select the “Personal Loan” icon
  • Fill in the required details
  • A list of personal loan offers as per your eligibility will be displayed
  • Check for the IDFC FIRST Bank personal loan and apply.

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:

  • Applying with a low credit score: To be eligible for an IDFC FIRST Bank personal loan, borrowers need to have a credit score of 710 or above.
  • Submitting incorrect documents: Documentation errors can lead to rejection. Make sure you provide updated and error-free documents.
  • Recent loan defaults: A recent loan default may lead to rejection.
  • High existing debt: If your current debt is more than 50-55% of your monthly income, your personal loan application might get rejected.
  • Inconsistent income: Lenders prefer borrowers with stable incomes as this ensures timely repayments. Individuals with fluctuating income may face loan rejection.

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:

  • Enter your age (between 18 years and 70 years )
  • Enter your desired loan amount (between Rs. 50,000 and Rs. 50 lakh)
  • Enter the yearly interest rate
  • Enter loan tenure in months or years
  • Enter monthly income (between Rs. 20,000 and Rs. 40 lakh)
  • Enter existing debt amount

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.
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

Avail Personal Loan for
All Your Needs

Avail Personal Loan Banner

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.

quotes icon

What our customers say

Get My Personal loan disbursed

I would like to give a huge shoutout to Munni Nayak from Paisabazaar for her incredible support in helping me get my personal loan disbursed within just a few days. She was extremely cooperative throughout the entire process and demonstrated great knowledge by explaining every step in detail with patience and clarity. I truly appreciate her dedication, professionalism, and the smooth experience she provided. Thank you so much, Munni, for all your help and support!

icon image of avatar
Preeti BhattMay 16, 2026

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

icon image of avatar
Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

icon image of avatar
Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

icon image of avatar
Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

icon image of avatar
DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

icon image of avatar
BhupendraFeb 18, 2026

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.

icon image of avatar
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

icon image of avatar
Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

icon image of avatar
Riyaj AtarFeb 9, 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.

icon image of avatar
Puja DanuJan 22, 2026
View All Testimonials
Sushmita Mishra profile
Written ByLinkedIn icon
Sushmita Mishra
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh

Paisabazaar 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%.

Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001

pl-sticky-irfan-icon

Get up to 50 Lakhs starting at 9.98%*

Scroll to top