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IDFC FIRST Bank 10 lakh Loan

IDFC FIRST Bank 10 lakh Loan

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Get Cashback of 500* on Loan Disbursal
Valid till 31st August '26 *T&C Apply
Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.99%

Provider Highlights
Interest Rate

Interest Rate

9.99% Onwards

Processing Time

Processing Time

1 - 2 Days

Processing Fee

Processing Fee

2

Max Loan Amount

Max Loan Amount

₹1 Cr

4.5/5

15.6L Reviews

6cr+Satisfied Customers
30+Lending Partners
₹65k Cr+Loans Disbursed

IDFC FIRST Bank Rs. 10 Lakh Personal Loan Highlights

Particulars Details
Interest Rate Starting from 9.99% p.a.
Loan Tenure Up to 5 years
Collateral Not required
Processing Fee Up to 0% to 3.5%
Foreclosure Charges Zero charges
Balance Transfer Starting from 9.99% p.a.
Disbursal Time As little as 10 mins
Get Cashback of 500* on Loan Disbursal (Valid till 31 August '26)
5K1Cr
1Yrs7Yrs
IDFC FIRST BankIDFC FIRST Bank
Processing Time1 - 2 Days
Interest Rate9.99%
Processing FeeUpto 2%
Max Loan Amount₹1 Cr
EMI0

Interest Rates for IDFC FIRST Bank Rs. 10 Lakh Personal Loan

IDFC FIRST Bank Rs. 10 lakh personal loan interest rate starts from 9.99% p.a. To get the lowest interest rate on your personal loan, you can follow the tips mentioned below:

  • Maintain a high credit score
  • Have a stable income source
  • Keep your debt-to-income ratio low

EMI for IDFC FIRST Bank Rs. 10 Lakh Personal Loan

Interest Rate (p.a.) 3 Years (36 Months) 5 Years (60 Months)
10% Rs. 32,267 Rs. 21,247
11% Rs. 32,739 Rs. 21,742
12% Rs. 33,214 Rs. 22,244
13% Rs. 33,690 Rs. 22,753
14% Rs. 34,168 Rs. 23,268
15% Rs. 34,665 Rs. 23,790
16% Rs. 35,166 Rs. 24,317
17% Rs. 35,668 Rs. 24,851
18% Rs. 36,152 Rs. 25,393

Note: Use Paisabazaar’s Personal Loan EMI Calculator to determine EMI and apply accordingly.

Eligibility Criteria

Both salaried and self-employed individuals can apply for an IDFC FIRST Bank Rs. 10 lakh personal loan. To be eligible for the loan, borrowers must:

  • Be salaried or self-employed
  • Be aged between 21 and 60 years
  • Have a CIBIL score of 710+ (salaried) or 760+ (self-employed)

Documents Required

IDFC FIRST Bank offers personal loans without the need to upload documents. Borrowers just need to keep the following ready.

  • Aadhaar and PAN number for loan application
  • PAN card to be displayed at the time of video KYC

Fees & Charges

  • Processing fee: Up to 3.5% of the loan amount
  • Penal charges: 12% p.a. (1% p.m.) or Rs. 300 whichever is higher.
  • Bounce charges: 12% of the bounced EMI amount, with a minimum charge of Rs. 400 and a maximum of Rs. 1,000 (excluding GST).
  • Foreclosure charges: Zero
  • Part-payment charges: Not allowed
  • Duplicate No Objection Certificate: Rs. 500

Factors Affecting Approval of an IDFC FIRST Bank Rs. 10 Lakh Personal Loan

  • Credit score: A higher credit score will boost your chances of personal loan approval.
  • Monthly income: A stable income helps in boosting lenders’ confidence and approval chances.
  • Debt-to-income ratio: Lenders prefer a debt-to-income ratio of 50-55% for personal loans.
  • Employer profile: A job in a reputed or stable industry is considered less risky by lenders.
  • Employment stability: Frequent job changes elevate the risk involved.
  • Repayment history: A timely repayment history builds trust and a strong credit profile.

Why Choose an IDFC FIRST Bank Rs. 10 Lakh Personal Loan

  • Suitable for large expenses
  • Transparent charges
  • Flexible repayment
  • Digital application process
  • Quick processing

Uses of an IDFC FIRST Bank Rs. 10 Lakh Personal Loan

  • Wedding
  • Medical emergency
  • Home renovation
  • Higher education
  • Travel
  • Debt consolidation
  • Business expenses
  • Consumer durables
Why Choose Paisabazaar?
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FAQs

Can I get an IDFC FIRST Bank Rs. 10 lakh personal loan online?

Yes, you can apply for an IDFC FIRST Bank Rs. 10 lakh personal loan online on Paisabazaar.

What is the EMI for an IDFC FIRST Bank Rs. 10 lakh personal loan?

The EMI of an IDFC FIRST Bank Rs. 10 lakh personal loan will depend on the tenure and interest rate of the loan. For example, if you take a personal loan of Rs. 10 lakh for a tenure of 5 years at a 10% p.a. Interest rate, your monthly EMI will be around Rs. 21,247.

What credit score is required for an IDFC FIRST Bank Rs. 10 lakh personal loan?

You will require a credit score of 710 and above for an IDFC FIRST Bank Rs. 10 lakh personal loan in case you are a salaried applicant. But in case you are self-employed, you will have to maintain a credit score of 760 and above.

What is the repayment tenure for an IDFC FIRST Bank Rs. 10 lakh personal loan?

You can choose a repayment tenure up to 5 years for an IDFC FIRST Bank Rs. 10 lakh personal loan.

How long does IDFC FIRST Bank take to disburse a Rs. 10 lakh personal loan?

You can get IDFC FIRST Bank Rs. 10 lakh personal loan disbursed in as little as 10 minutes.

Can I prepay my IDFC FIRST Bank Rs. 10 lakh personal loan?

No, IDFC FIRST Bank does not allow part-prepayment of personal loans. However, you can foreclose your personal loan without any penalty.

What documents are required for an IDFC FIRST Bank Rs. 10 lakh personal loan?

You will just require your Aadhaar and PAN at the time of loan application. Additionally, you will have to show your PAN card at the time of video KYC.

Is there any processing fee for an IDFC FIRST Bank Rs. 10 lakh personal loan?

Yes, IDFC FIRST Bank charges a processing fee of up to 3.5% of the loan amount on personal loans.

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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!

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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.

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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
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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

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