Verified Lending Partner · Fast-Track Online Approval

IDFC FIRST Bank Personal Loan

Lowest Interest Rates & Instant Disbursal up to ₹40 Lakhs

Starting ROI

10.49% p.a.

Max Tenure

72 Months

Loan Amount

Up to ₹40 Lakh

Processing Fee

1% - 2.5%

100% Digital Process Zero Prepayment after 12 EMIs* Quick Disbursal

Check Loan Eligibility

Instant

Get custom quotes without impacting your CIBIL score.

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Key Features of IDFC FIRST Bank Personal Loan

Designed to support planned milestones and unforeseen emergencies with complete ease.

Competitive ROI

Interest rates starting from 10.49% per annum calculated on a monthly reducing balance method.

Tenure up to 6 Years

Select comfortable repayment tenures between 12 and 72 months to keep your monthly EMI affordable.

Minimal Paperwork

Upload digitized KYC and income proofs via Net Banking or Aadhaar OTP for same-day sanction.

Foreclosure Facility

Close your loan early or make part-payments after 12 months with nominal prepayment charges.

IDFC FIRST Bank Personal Loan EMI Calculator

Plan your monthly outflows before applying to choose an optimal repayment tenure.

Loan Amount₹5,00,000
₹50,000₹40,00,000
Interest Rate (% p.a.)10.49%
10.49%24.0%
Tenure (Years)3 Years (36 Months)
1 Year6 Years
Monthly EMI

₹16,249

Principal Amount:₹5,00,000
Total Interest Payable:₹84,964
Total Amount Payable:₹5,84,964
Instant eligibility & disbursal for pre-approved customers of IDFC FIRST Bank.

IDFC FIRST Bank Eligibility Criteria Matrix

Detailed criteria for salaried employees and self-employed professionals.

ParametersSalaried IndividualsSelf-Employed / Professionals
Age Range21 to 58 years25 to 65 years
Minimum Net Income₹20,000 to ₹25,000 / month₹3,00,000 annual net profit (ITR)
Credit Score (CIBIL)700 or above preferred720 or above preferred
Work ExperienceMin. 1 year total, 6 months in current orgMin. 2-3 years in current business line
Eligible EmployersMNCs, Public/Private Ltd, Govt entitiesProprietorships, Partnerships, Pvt Ltd, CA/Docs

Required Documents Checklist

Have these documents handy to speed up your loan approval process.

Category 1

Identity Proof

  • PAN Card (Mandatory)
  • Aadhaar Card
  • Passport / Voter ID / DL
Category 2

Address Proof

  • Aadhaar Card (with current address)
  • Electricity / Water Bill (last 3 months)
  • Valid Rent Agreement
Category 3

Income Proof

  • Last 3 months Salary Slips
  • Form 16 / Recent 2 years ITR
  • Business continuity proof (if SE)
Category 4

Financial Proof

  • Last 6 months Bank Account Statement
  • Salary credit account proof
  • Passport-size photographs

Frequently Asked Questions on IDFC FIRST Bank Personal Loans

Clear answers to common questions about eligibility, interest rates, and loan disbursal.

IDFC FIRST Bank offers personal loans with interest rates starting from 10.49% p.a., varying based on your CIBIL score, monthly net income, employer category, and existing liabilities.