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IDFC First - Interest from 10.49% - Apply now

IDFC First offers personal loan interest rates start from 10.49%. Get a loan amount upto 1 crore with tenures upto 5 years.


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IDFC First Personal Loan

IDFC First personal loans are designed to support you at every stage of your lives whether it is funding an emergency hospitalization, renovating your home, or accomplishing your dreams. Get personal loans with lowest interest rates starting from 10.49%.

Features of IDFC First Personal Loan

Loans upto 1 crore

Get loans upto ₹ 1 Crore to fulfil all your commitments or realize your dreams

No Collateral Required

Do not need any collateral while applying for a Personal Loan

Low interest & Flexible Tenure

Choose flexible repayment tenures up to 60 months at competitive interest rates

Balance Transfer facilities

Transfer your personal loans and credit card outstanding at flat 1% Lower ROI

EMI from ₹2149 per lakh

EMIs begin from ₹2149 per one lakh rupees loan disbursed

No Physical documentation

Complete e-verification of documentations eliminating all hassles with physical documentation

Insure your loan

Benefit from options to insure your loan with a low premium than the market rate

Debt Consolidation

Consolidate all your existing debts and repay at a comfortable tenure of 6-60 months

More than 3 lakh loans disbursed

IDFC first has a rich track record of disbursing over 3 Lakh loans with a record turnaround time


Eligibility criteria for IDFC First Personal Loan

To apply for IDFC First Personal loan, you would need the following:

  • The minimum and maximum age of eligibility is 23 years and 60 years at the time of maturity for salaried, and 25 years and 60 years for the self-employed
  • The applicant must either be self-employed or salaried.

Charges in IDFC First Bank personal loan

Interest ratesFrom 10.49% – 36%
Loan Processing ChargesUpto 3.5% of Loan amount + taxes
Part payment charges  2% part payment charges are applicable on partial payment
Late Cancellation charges
  • *Upto 1% of the loan amount + interest from date of disbursal if applied for cancellation within 30 days of availing the loan or 1st EMI presentation date
  • *For Pre-approved loans, cancellation can be done at no charge. Post freelook up period, a 5% charge would be applicable
  • *Digital personal loans can be cancelled within first 3 days at no charge after which a 5% charge would be applicable
Loan Tenure6 – 60 months
Document Retrieval chargesUpto INR 500 per instance
Foreclosure chargesUpto 5% of the principal outstanding amount
Duplicate NOCUpto INR 500 per instance

Documents required for IDFC First Personal Loan

  • Proof of identity – Aadhaar, Passport, Voter ID, Driving License, Photo PAN Card, Photo Ration Card, etc.
  • Proof of Address – Passport, Utility Bills, Rental Agreement letter, Driving License, Insurance Policy, Ration Card, 
  • Last three months salary slip and 3 months bank statement for salaried
  • Latest Sales Deed + latest utlity bill in the name of the current owner,a copy of water tax bill, property tax bill, electricity bill, and maintenance bill
  • Statement account for balance transfer and Loan Foreclosure letter
  • Last two-year income tax return and 6 months bank statement for self-employed.

IndusInd Bank Customer Care

  • Customers can reach their helpline at 1800 10 888

    Email Support – banker@idfcfirstbank.com

How to Apply for a Loan at IDFC First Bank?

Get your loan approved in 4 simple steps,

  • Check if you have a pre-approved loan offer from them or apply through here
  • Visit https://www.fincover.com/banking/loan/personal/and select IDFC First Bank
  • Enter all the required information as requested and Submit your personal loan application
  • Check if your personal loan is approved with the reference no provided
  • If approved and verified, the loan will disbursed in few days
Personal Loans by Bank
The maximum loan amout that you can take from IDFC First bank is INR 1 crore.
The interest rate given for personal loan varies on customer’s credit profile. It generally begins from 10.49%.
No, you do need to visit the branch for personal loan sanctioning. Since, the entire process is digitalized; you can upload the documents required from the comfort of your own places.
IDFC First follows an instant approval and decisioning process. After the submission of loan application, you can expect the funds to hit your account in two days. In the event of additional verification being required, it would further take a couple of days.