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IDFC First Bank Personal Loan Interest Rates

IDFC First Bank offers personal loans at interest rates starting from 9.99% p.a. The bank provides personal loans both to salaried and self-employed applicants for loan amounts of up to Rs 1 crore and repayment tenures of up to 7 years.
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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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IDFC First Bank Personal Loan Interest Rates - 2026

IDFC First Bank Personal Loan interest rates start from 9.99% p.a. The bank has not mentioned offering differential IDFC First Bank Personal Loan interest rates to its loan applicants based on their EMI/NMI ratio, monthly income, occupation profile, employer’s profile, repayment capacity, etc. However, most lenders do give importance to these factors while deciding the personal loan interest rates. The IDFC First Bank Personal Loan interest rates for its various schemes are as follows:

Particulars Interest rates (p.a.)
IDFC First Bank Personal Loan for Marriage 9.99% onwards
IDFC First Bank Personal Loan for Travel 9.99% onwards
IDFC First Bank Personal Loan for Emergency 9.99% onwards
IDFC First Bank Medical Loan 9.99% onwards
IDFC First Bank Personal Loan for Home Improvement 9.99% onwards

Personal Loan Interest Rates by Other Banks/NBFCs

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 1st May 2026

*Paisabazaar special rates

Factors influencing IDFC First Bank Personal Loan Interest Rates

Credit Scores

Although the lender has not specified the role of credit scores in deciding the IDFC Personal Loan interest rates, many banks and NBFCs consider the credit scores of loan applicants while fixing the personal loan interest rates.

Those wishing to avail IDFC Personal Loan can maintain/improve their credit scores by following healthy credit behaviours like timely payment of EMIs, avoiding multiple applications for credit cards or loans within short time intervals, maintaining healthy credit mix, etc. Doing so will help them increase their credit scores which, in turn, will improve their personal loan eligibility. Personal loan applicants must also frequently review their credit reports as it can help them identify mistakes and report it to their lender/credit bureaus for correction. Error(s) in credit reports can reduce the credit score of loan applicants and adversely affect their eligibility for availing personal loans. Lower credit scores may also reduce their chances of availing lower IDFC First Bank Personal Loan interest rates.

Income

IDFC First Bank does not specify the role of their loan applicants’ income while setting the interest rates on their personal loans. However, many lenders provide lower interest rates on personal loans for applicants having higher monthly/annual incomes. Personal loan borrowers having higher incomes usually have higher loan repayment capacity, which in turn reduces the credit risk for the lenders. This benefit is then passed on to borrowers in the form of lower interest rates.

Occupation Profile

IDFC Personal Loans are offered to self-employed loan applicants with business continuity of at least 3 years. Although the bank has not disclosed the role of the loan employer profile of their loan applicants’ in determining the IDFC First Bank Personal Loan interest rates, many lenders consider this criteria while deciding their personal loan interest rates. Lenders generally provide personal loans for salaried at lower rates compared to personal loans for self-employed. Among salaried applicants, lenders offer lower interest rates to employees of PSUs or government bodies considering their job and income security is usually higher versus other salaried applicants. Lenders also offer lower personal loan interest rates to employees working in MNCs or well-known private sector companies as they are better at withstanding adverse economic conditions compared to other private sector companies.

Existing Relationship with IDFC First Bank

While IDFC First Bank has not disclosed providing interest rate concessions to their existing customers, many lenders offer lower personal loan rate of interest to their existing customers. Hence, loan applicants looking to avail IDFC Personal Loans should first contact those lenders with whom they already have existing banking/lending relationships and then, compare the IDFC First Bank Personal Loan interest rates with the interest rates offered by those banks/NBFCs.

Tips to Avail Personal Loans at Low Interest Rates

  • Maintain credit scores of 750 or above.
  • Check the pre-approved personal loans provided by different lenders.
  • Keep track of the personal loan interest rates offered by top banks/NBFC, especially during the festive season.
  • Check if your existing lender can offer personal loans at lower interest rates.
  • Visit online financial marketplaces to know about and compare IDFC First Bank Personal Loan interest rates with the interest rates on personal loans offered by other lenders.

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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

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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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DharmeshFeb 22, 2026

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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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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

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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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