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IDFC First Bank Personal Loan

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Valid till 30th April '26 *T&C Apply
Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.98%

4.5/5

15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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Attractive Interest Rates

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Choose Best Offer Based on Eligibility

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100% Digital Process

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Hassle-Free & Paperless

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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

Apply Now

About IDFC FIRST Bank Personal Loan

  • IDFC FIRST Bank offers FIRSTmoney personal loan with zero foreclosure fees.
  • FIRSTmoney personal loan offers flexibility, affordability and instant access to borrowers. 
  • Eligible borrowers can get a loan up to Rs. 10 lakh for a tenure ranging from 9 months to 60 months. 
  • Borrowers can apply through Paisabazaar and experience 100% digital processes with quick approval and disbursal. 

IDFC FIRST Bank Personal Loan Eligibility Criteria

IDFC FIRST Bank offers personal loans to both salaried and self-employed individuals, with specific eligibility criteria. Find below a comprehensive overview:

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

Documents Required for IDFC FIRSTmoney Personal Loan

To apply for an IDFC FIRSTmoney Smart Personal Loan, the loan process is 100% digital and paperless. However, you may be required to furnish the physical copies of the documents mentioned below at the time of video KYC:

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

Fees & Charges on IDFC Personal Loan

Particulars Charges
Processing Fees 2% of loan amount (incl. GST)
EMI Bounce Charges EMI Bounce Charges 7.5% of the EMI/ Outstanding amount (minimum Rs. 400 & maximum Rs. 1000)
Late Payment/Penal Charges 2% of unpaid EMIs
Stamping Charges As per actuals
Document retrieval charges Rs. 500
Physical Statement of Account Rs. 500
Foreclosure charges NIL
Document retrieval charges Document retrieval charges
Cooling-off period 3 days (Loan can be cancelled without penalty within 3 days)

Note: GST is applicable on all service charges. For more details, visit the bank's official website.

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All Your Needs

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Avail Personal Loan for
All Your Needs

Features of IDFC FIRST Bank Personal Loan:

FLEXI Personal Loan:

IDFC FIRSTmoney offers flexi loan option. With FIRSTmoney, you don’t have to apply for a new loan every time you need money. Once your loan offer is approved (say up to Rs. 10 lakh, depending on your credit score), you can withdraw money in parts whenever you need it—starting from as little as Rs. 10,000.

Pay on What You Use

You will be charged interest on the amount used, not on the amount approved.

Flexible Repayment

With repayment tenure ranging from 9 to 60 months, you get the flexibility to choose an EMI plan as per your budget.

Minimal Documentation

You only need your PAN card during the video KYC process and you are good to go.

Tailored Personal Loan Options

IDFC FIRST Bank offers a wide range of personal loan products that help in fulfilling various financial needs of its customers. Find below its types and purposes:

Personal Loan for Wedding

Purpose: Prospective personal loan borrowers can avail IDFC FIRST Bank marriage loan to meet their wedding-related expenses.

Personal Loan for Travel

Purpose: Applicants can avail IDFC FIRST Travel Loan to meet the financial requirements for travel related activities, including domestic and international vacations.

Personal Loan for Medical Purpose

Purpose: IDFC FIRST Bank offers Medical Loans to meet the financial requirements of applicants for medical purposes such as hospitalization, treatment cost, surgery, operation, etc.

Personal loan for Home Improvement

Purpose: Potential loan borrowers can avail IDFC FIRST Bank Loan for home improvement purposes, such as tiling, painting, fencing, flooring, adding an extra room, balcony/terrace maintenance, etc.

Personal Loan for Debt Consolidation

Purpose: IDFC FIRST Bank offers a Debt Consolidation Loan to its applicants for making repayment towards debt, loans and credit card dues.

Interest Rates: IDFC FIRST Bank vs Other Banks

Bank/NBFCInterest Rates (% p.a.)
Aditya Birla Finance10.99 onwards
Axis Bank9.99 onwards*
Bank of Baroda10.15-18.00
Bajaj Finance Limited10.00-30.00
Bank of India10.85-16.15
Bank of Maharashtra8.75-13.55
Canara Bank9.70-15.15
Central Bank of India9.85-11.65
Cholamandalam IFC10.00-28.00
Dhani Loans & Services Ltd.13.99 onwards
Federal Bank12.00 - 22.50*
HDB Financial Services10.00 - 35.00
HDFC Bank9.99 onwards
Hero FincorpUp to 30*
HSBC Bank9.75 onwards
ICICI Bank9.99 onwards
IDFC FIRST Bank9.99 onwards
IIFL Finance12.00 - 28.00
Indian Overseas Bank10.25 onwards
IndusInd Bank10.35 onwards*
Kotak Mahindra Bank9.98 onwards*
L&T Finance11.00 onwards
Mahindra Finance8.00 - 25.00
Mannapuram Finance18.00 - 24.00
Moneyview14.00 onwards
Muthoot Finance13.50 onwards
Piramal Finance12.14 onwards
Poonawalla Fincorp9.99 onwards
Punjab & Sind Bank9.60-13.85
Punjab National Bank10.25-16.80
Shriram Finance11.00 onwards
Tata Capital10.99 onwards
UCO Bank9.95 - 13.20
Union Bank of India8.75 - 12.55
Note: Rates as of 17th April 2026

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

Apply Now

Avail Personal Loan for
All Your Needs

Avail Personal Loan Banner

Avail Personal Loan for
All Your Needs

FAQs

Absolutely, IDFC FIRST Bank offers instant personal loans through its FIRSTmoney Smart Personal Loan platform. The bank offers a 100% digital process and allows eligible applicants to receive funds within 30 minutes of approval.

Yes, you can foreclose your IDFC personal loan at no additional charge, as the foreclosure charges charged by the bank is NIL.

The personal loan interest rate charged by the bank on its various types of personal loans ranges starting from 9.99% p.a.

Both, salaried and self-employed individuals are eligible to avail personal loan, if they meet the eligibility criteria and have strong credit history with minimum CIBIL score of 730.

The maximum loan amount that you avail from the bank is up to Rs. 10 lakh to meet your urgent financial requirements.

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What our customers say

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.

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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.

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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.

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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

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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.

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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.

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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

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.

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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.

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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
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