- 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
Attractive Interest Rates
Choose Best Offer Based on Eligibility
100% Digital Process
Hassle-Free & Paperless
Attractive Interest Rates
Choose Best Offer Based on Eligibility
100% Digital Process
Hassle-Free & Paperless
4.5/5
15.5L Reviews
51M+Satisfied Customers
65+Lending Partners
800+Cities across India
Apply Personal Loan Online
4.5/5
15.5L Reviews
51M+Satisfied Customers
65+Lending Partners
800+Cities across India
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%
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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
About IDFC FIRST Bank Personal Loan
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:
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:
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.
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
| Name of Lender | Interest rate
(p.a %) |
|---|---|
| HDFC Bank | 9.99 onwards |
| Tata Capital | 10.99 onwards |
| State Bank of India | 10.05-15.05 |
| ICICI Bank | 10.45 onwards |
| Bank of Baroda | 10.40-18.10 |
| Axis Bank | 9.99 onwards |
| Kotak Mahindra Bank | 10.99 onwards |
| Bank of India | 11.10-16.15 |
| Canara Bank | 9.95-15.40 |
| Punjab National Bank | 10.50-17.05 |
| HSBC Bank | 9.99 onwards |
| Federal Bank | 11.99 onwards |
| Union Bank of India | 10.35-14.45 |
| Bajaj Finserv | 10.00-31.00 |
| Punjab & Sind Bank | 9.85-14.10 |
| Indian Overseas Bank | 10.50 onwards |
| UCO Bank | 10.20-13.45 |
| IDFC FIRST Bank | 9.99 onwards |
| Bank of Maharashtra | 9.00-13.80 |
| Central Bank of India | 9.90-11.80 |
| IndusInd Bank | 10.49 onwards |
*As on 19th November 2025
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 BANK
Axis Bank
Kotak Mahindra Bank
ICICI Bank
Federal Bank
IDFC First Bank
Indusind Bank
RBL Bank
Tata CapitalAvail Personal Loan for
All Your Needs
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What our customers say
Meri shaddi thi
Sadia KhatunJan 15, 2026
Travel ke liye personal loan liya tha
Tarini RoyJan 14, 2026
Easy personal loan available
Ruchika TiwariJan 14, 2026
Medical Emergency thi, loan jaldi mil gya
Raj SinghJan 13, 2026
Compare karke sahi rate mila
Akrity PandeyJan 5, 2026
Personal loan fatfat mai mil gaya
Riya MehraJan 5, 2026
Loan from Paisabazaar was actually paperless
Tanmay BorkatakiDec 12, 2025
Best place for a small loan
Aridaman Singh ParhichaDec 11, 2025
My loan got approved immediately
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I get loan from here
Bilal ZaidiDec 9, 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