IDFC First Bank Personal Loan – Check Eligibility, Interest Rate & Documentation

Instant Approval
Minimal Documentation
Flexible Tenure Options

Apply online for a IDFC First Bank personal loan and access quick funds with minimal paperwork. Compare eligibility, interest rates, and documents in one place. Ideal for home renovation, medical needs, education, weddings, travel, or debt consolidation. Enjoy fast approval, flexible tenure, and a smooth 100% digital process designed for convenience.

Interest Rate
starting at 9.99%onwards
Loan Amount
₹ 1 cr
Processing Fees
1%
Loan Tenure
6 month to 5 year
Apply Now Check Eligibility

Get a Personal Loan upto ₹25 Lakh in in 30 Minutes*

100% digital and secure process, 45% lower EMIs starting @ ₹1104/Lakh, Pay interest only on what you use with flexi loan.

Instant e-KYC No collateral Flexible tenure Trusted partner
Approval 2 minutes & Disbursal in 30 Mins*
1+ Million

Happy Customers

Rs. 250+ crore

Monthly Personal Loans Disbursal

Wide Range of 60+

Partner Banks & NBFCs

Support team 500+

Team Size of Experts

Why Choose IDFC Personal Loan?

IDFC First Bank personal loans offer a low starting interest rate from reducing 9.99% per annum onwards, fast approval, minimal documentation, and fully digital processing. An IDFC personal loan is designed for medical emergencies, weddings, education, travel, home needs, or debt consolidation with easy EMIs, flexible tenure, and transparent pricing.

Top Reasons to Choose IDFC First Bank Personal Loan

  1. Quick Approval

    IDFC processes applications swiftly so that funds are disbursed as quickly as possible after approval.

  2. Minimal Documentation

    Paperwork is kept light, making an IDFC personal loan simple to apply for and faster to complete.

  3. Flexible Tenure

    Choose a repayment tenure that suits cash flow, typically ranging from 12 to 60 months for comfortable EMIs.

  4. No Collateral Required

    Being unsecured, an IDFC personal loan does not require any security or collateral to get approved.

  5. Pre-approved Offers

    Existing IDFC customers may receive pre-approved personal loan offers based on banking history and profile.

  6. Transparency

    IDFC highlights all charges upfront with no hidden fees, ensuring a clear and trustworthy borrowing experience.

When an IDFC Personal Loan Can Help

  1. Medical emergencies and healthcare expenses

  2. Weddings, events, and travel plans

  3. Education, skill upskilling, or certification costs

  4. Home improvements or big-ticket purchases

  5. Debt consolidation to lower overall EMI burden

IDFC Personal Loan Eligibility Criteria

  1. Age Criteria

    1. The applicant should be between 23 and 60 years of age.

  2. Employment Type

    1. Salaried individuals working in private, public, or multinational companies.

    2. Self-employed individuals including professionals and non-professionals running their own business.

  3. Income Requirements

    1. Salaried: Minimum monthly income of INR 20,000.

    2. Self-employed: Minimum yearly income of INR 2 lakhs.

  4. Credit Score

    1. A credit score of 750 or higher is preferred; applicants with lower scores may be considered based on repayment history and income stability.

  5. Work Experience

    1. Salaried: At least 1 year of continuous work experience.

    2. Self-employed: At least 3 years in the current business.

  6. Existing Loan Obligations

    1. A manageable debt-to-income ratio is expected; too many ongoing loans may impact approval.

  7. Additional Assessment

    1. Bank may also consider employment stability, age, income trends, and banking relationship before final approval.

Key Highlights of IDFC First Bank Personal Loan

  1. Interest rate starting from reducing 9.99% per annum onwards

  2. Tenure flexibility from 12 to 60 months

  3. Paperless process with minimal documentation

  4. No collateral or security required

  5. Pre-approved offers for eligible existing customers

  6. Transparent charges with no hidden fees

Documents Required for IDFC Personal Loan

Prepare the following KYC and income papers to speed up your IDFC Personal Loan approval. Keeping documents accurate and legible improves your chances of instant processing and same-day sanction for an IDFC First Bank Personal Loan.

Identity Proof for IDFC Personal Loan (any one)

  1. Aadhaar Card
  2. Passport
  3. Voter ID
  4. PAN Card
  5. Driving License

Address Proof for IDFC Personal Loan (any one)

  1. Recent utility bill (electricity, water, or gas)
  2. Aadhaar Card
  3. Passport
  4. Registered rental agreement
  5. Driving License

Income Proof for IDFC Personal Loan

  1. Salaried individuals:
    1. Last 3 months’ salary slips
    2. Last 6 months’ bank statements showing salary credits
  2. Self-employed individuals:
    1. Income Tax Returns for the last 2 years
    2. Last 6 months’ bank statements

Employment / Business Proof for IDFC Personal Loan

  1. Salaried individuals:
    1. Offer letter or employment certificate
    2. Employer ID card (if available)
  2. Self-employed individuals:
    1. Business ownership documents or registration certificate
    2. Partnership deed / LLP agreement (if applicable)

Key Benefits of IDFC Personal Loan

  1. Customizable loan amount from ₹1 lakh to ₹100 lakhs, based on eligibility
  2. Flexible repayment tenure of 12 to 60 months for comfortable EMIs
  3. No hidden costs—transparent fees and clear terms
  4. Top-up personal loans available for existing customers
  5. Online loan management to track status, pay EMIs, and download statements

Tips to Improve Chances of Getting an IDFC Personal Loan

  1. Maintain a high credit score (750+ preferred) for better rates and approval
  2. Show stable income with steady job or consistent business revenues
  3. Clear or reduce existing debts to lower your debt-to-income ratio
  4. Avoid frequent loan or credit card applications before applying

Submitting the right documents and following these best practices can accelerate approval for your IDFC First Bank Personal Loan, ensuring quick disbursal and a smoother borrowing experience.

IDFC First Bank Personal Loan Fees and Charges (2024–2025 Overview)

Review this definitive list of IDFC First Bank Personal Loan fees and charges so you can plan EMIs, avoid penalties, and keep borrowing costs low. You’ll find every key cost—processing fee, EMI bounce charges, foreclosure charges, prepayment charges, swap charges, document retrieval fee, and late payment interest—clearly summarized for quick reference.

Standard IDFC First Bank Personal Loan Charges

  1. Processing Fee: Up to 2% of the sanctioned loan amount.
  2. EMI Bounce Fee: ₹400 per instance if EMI presentation fails.
  3. Account Statement Fee (Physical): ₹500 per physical copy.
  4. Stamp Duty / Stamping Charges: As per applicable government rates.
  5. Swap Charges for Repayment Instruments: ₹500 for changing repayment mode (e.g., swapping cheques/mandates).
  6. No Dues Certificate / Duplicate NOC Fee: ₹500 per issuance.
  7. Loan Cancellation / Rebooking Fee: 1% of the loan amount, plus interest accrued from disbursement date to cancellation request date.
  8. Physical Repayment Schedule Fee: ₹500 per hard copy issued.
  9. Foreclosure Charges: 3% of the total loan amount.
  10. EMI Collection Charges: ₹350 per collection.
  11. Document Retrieval Fee: ₹500 per document retrieval.
  12. Late Payment Interest: 2% of the unpaid EMI or ₹300, whichever is higher.
  13. Cooling-Off Period: Cancel your loan within three days of disbursement without any charges.

Charges for Pre-Approved IDFC First Bank Personal Loans

  1. Processing Fee: Up to 3.49% of the loan amount.
  2. Late Payment Interest: 2% per month of the unpaid EMI or ₹300, whichever is higher.
  3. EMI Bounce Charges: ₹500 per instance.
  4. Swap Charges (Cheque or Mandate): ₹500 per swap.
  5. Foreclosure / Prepayment Charges: Allowed only after 12 EMIs or 12 months; 5% of the outstanding principal balance.
  6. EMI Collection Fee: ₹500 per collection.
  7. Document Retrieval Fee: ₹500 per document retrieval.
  8. Physical Statement Fee: ₹500 for a physical copy.
  9. Physical Repayment Schedule Fee: ₹500 per issuance.
  10. Loan Cancellation / Rebooking Charges: Free cancellation if done within 15 days of approval or before the first EMI; beyond this period, cancellations are treated as foreclosures.

How to Reduce IDFC First Bank Personal Loan Charges

  1. Set up auto-debit to avoid EMI bounce charges and late payment interest.
  2. Request digital statements to save physical statement and repayment schedule fees.
  3. Time any foreclosure/prepayment after eligibility to avoid penalties; compare savings vs. charges.
  4. Minimize repayment instrument changes to avoid swap charges.
  5. Use the cooling-off period (where applicable) if you need to cancel immediately, cost-free.

Important Note

IDFC First Bank Personal Loan fees and charges may change without prior notice. Always review your loan offer document and most recent schedule of charges before signing to ensure full clarity on processing fee, foreclosure charges, prepayment charges, and any ancillary costs.

IDFC Personal Loan EMI Calculator – Plan Your IDFC First Bank Personal Loan EMIs

The IDFC Personal Loan EMI Calculator helps you estimate your monthly EMIs for an IDFC First Bank Personal Loan by adjusting the loan amount, interest rate, and tenure. Use this smart planning tool before applying so you can align EMIs with your budget, compare offers, and ensure on-time repayment.

How the IDFC Personal Loan EMI Calculator Works

  1. Enter your desired personal loan amount (₹1 lakh to ₹1 crore).
  2. Set the expected personal loan interest rate (example: 9.99%–10.25% p.a.).
  3. Choose the loan tenure (12–60 months) to see EMI impact.
  4. Review the EMI, total interest payable, and total payment to plan better.
  5. Tweak variables to find the most comfortable IDFC First Bank EMI.

Example: ₹5,00,000 at 9.99% p.a. for 60 Months

For illustration, if you borrow ₹5 lakhs at an interest rate of 9.99% p.a. for a tenure of 60 months, your EMI would be around ₹10,685. Actual EMI may vary based on the final approved interest rate, day-count conventions, and exact disbursal date.

IDFC Personal Loan EMI Table (Illustrative at 10.25% p.a., 5 Years)

Use this EMI table as a quick reference. It shows indicative IDFC First Bank personal loan EMIs for common loan amounts at an interest rate of 10.25% p.a. and a tenure of 5 years (60 months).

Loan Amount (₹)                EMI (₹)                     Interest Rate (%)           Tenure (Years)
5,00,00010,68510.255
10,00,00021,37010.255
15,00,00032,05510.255
20,00,00042,74010.255
25,00,00053,42610.255
30,00,00064,11110.255
35,00,00074,79610.255
40,00,00085,48110.255
45,00,00096,16610.255
50,00,0001,06,85110.255
60,00,0001,28,22210.255
70,00,0001,49,59210.255
80,00,0001,70,96210.255
90,00,0001,92,33210.255
1,00,00,0002,13,70310.255


Tips to Use the IDFC Personal Loan EMI Calculator Effectively

  1. Compare interest rates: Even a 0.25% change can meaningfully impact your EMI and total interest.
  2. Adjust tenure smartly: Longer tenure lowers EMI but increases total interest; find your best balance.
  3. Evaluate prepayment: Check prepayment rules and plan part-prepayments to reduce interest outgo.
  4. Budget buffer: Keep EMIs within 30%–40% of monthly net income for comfortable repayments.
  5. Recalculate before applying: Re-run the IDFC Personal Loan EMI Calculator with your final offer terms.

Key Takeaway on IDFC First Bank Personal Loan EMIs

Use the IDFC Personal Loan EMI Calculator to estimate monthly EMIs, compare scenarios, and select the most suitable combination of loan amount, interest rate, and tenure. This ensures your IDFC First Bank personal loan stays affordable and supports on-time repayments without straining monthly cash flows.

EMI Calculator

Calculate Your EMI Instantly

A Multi-Purpose Loan EMI Calculator helps you estimate your monthly repayment amount before applying for a loan. Whether it’s for education, travel, wedding, home renovation, or business needs—know your EMI and plan smarter.

₹
Selected:
Years
Selected:
% p.a.
Selected:
Monthly Payable

0 / month

Principal

Interest

Total Payable

Breakdown: Principal vs Interest
Repayment Schedule
Month-Year EMI Interest Principal Balance

Personal Loan Offers

 We are an online marketplace that connects you with India’s top financial institutions and insurance providers. We do not offer our own financial or insurance products — instead, we help you compare and choose the best options available in the market. All our comparison services are 100% free. We do not charge any fees from our customers at any stage. Our mission is to make financial and insurance solutions simple, transparent, and accessible — at no extra cost to you.
IDFC First Bank Personal loan | Incred Personal loan | Bajaj Finserv Personal loan | Axis Bank Personal loan | TATA FLY Personal loan | Tata Capital Personal loan | Bajaj Growth Location Personal loan | HDFC Bank Personal loan | Fibe Personal loan | SMFG India Credit Personal loan | Bajaj SOL Personal loan | Poonawalla Fincorp Personal loan | Bajaj Prime Location Personal loan | Axis Finance Personal loan | Bandhan Bank Personal loan | Finnable Personal loan | FairCent Personal loan | Upwards Personal loan | Moneyview Personal loan | IIFL Personal loan | IndusInd Bank Personal loan | Kotak Bank Personal loan | ICICI Bank Personal loan | RBL Bank Personal loan | HDB Financial Personal loan | Karur Vysya Bank Personal loan | Union Bank of India Personal loan | Canara Bank Personal loan | Federal Bank Personal loan | Yes Bank Personal loan | Aditya Birla Capital Personal loan |
logo
Career Life@Fincrif About Us © 2025 Copyright: made with ❤️ by www.fincrif.com Terms & Condition Privacy Policy