IDFC First Personal Loan Interest Rates from 10.99% p.a*
Avail IDFC First Personal Loans with Interest Rates from 10.99% p.a.* Enjoy Quick Disbursal, Minimal Paperwork, and Flexible Repayment Options. Apply now!
Compare IDFC First Personal Loan Interest rate Vs others
Comparison of Personal Loan Interest Rates of Banks (2025)
| Bank | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| DBS Bank | From 10.99% | Up to ₹15 Lakhs | Apply |
| HDFC | From 10.85% | Up to ₹40 Lakhs | Apply |
| Axis Bank | From 10.49% | Up to ₹40 Lakhs | Apply |
| ICICI Bank | 10.75% – 19% | Up to ₹40 Lakhs | Apply |
| Bank of Baroda | 10.75% – 18.5% | Up to ₹5 Lakhs | Apply |
| SBI | From 11% | Up to ₹30 Lakhs | Apply |
| IndusInd | From 10.49% | Up to ₹50 Lakhs | Apply |
| Yes Bank | From 10.99% | Up to ₹40 Lakhs | Apply |
| Standard Chartered | From 11.5% | Up to ₹50 Lakhs | Apply |
| IDFC | From 10.49% | Up to ₹50 Lakhs | Apply |
| Kotak Mahindra | From 10.99% | Up to ₹40 Lakhs | Apply |
| PNB | From 11.40% | Up to ₹20 Lakhs | Apply |
| Bandhan Bank | From 11.55% | Up to ₹25 Lakhs | Apply |
Comparison of Personal Loan Interest Rates of NBFCs (2025)
| NBFC | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Apply |
| InCred | From 18% | Up to ₹3 Lakhs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Apply |
| PaySense | From 16.8% | Up to ₹5 Lakhs | Apply |
| Poonawalla | From 9.99% | Up to ₹30 Lakhs | Apply |
| Fullerton | From 11.99% | Up to ₹25 Lakhs | Apply |
| LendingKart | From 12% | Up to ₹3 Lakhs | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Apply |
| Aditya Birla | From 11.99% | Up to ₹50 Lakhs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Apply |
IDFC First Personal Loan Interest Rates
- Maintain a High Credit Score: Regularly monitor and improve your credit score to 750 or above.
- Apply During Promotions: Banks often offer lower rates during festive seasons or special campaigns.
- Opt for a Shorter Tenure: Choose a shorter loan tenure to get favorable rates.
- Negotiate as an Existing Customer: Leverage your relationship with IDFC FIRST Bank to negotiate better terms.
- Compare Offers: Use loan comparison tools to find the best rates available.
Factors That Drive IDFC FIRST Personal Loan Interest Rates
IDFC FIRST Bank considers multiple factors when deciding personal loan interest rates:
| Factor | Impact on Interest Rate |
|---|---|
| Credit Score | A credit score of 750+ often ensures lower interest rates. |
| Income Level | Higher income improves creditworthiness and lowers interest rates. |
| Employment Stability | Salaried individuals with stable employment typically receive better rates. |
| Existing Debt | A high debt-to-income ratio may result in higher interest charges. |
| Relationship with Bank | Existing customers may enjoy preferential terms. |
How to Get the Best Interest Rate on IDFC FIRST Personal Loans
- Maintain a High Credit Score: Ensure your credit score is above 750 by paying existing debts on time.
- Choose a Short Tenure: Shorter repayment tenures reduce the bank’s risk and may result in better rates.
- Provide Accurate Documentation: Submit all required documents promptly and accurately to avoid delays or higher rates.
- Negotiate with SBI: Existing customers with a good banking relationship can negotiate for lower rates.
- Apply During Festive Offers: SBI offers special interest rates during festive seasons.
IDFC FIRST Personal Loan EMI Calculator and Example
An EMI Calculator helps you estimate your monthly repayment based on the loan amount, interest rate, and tenure.
Example Calculation:
| Loan Amount | Interest Rate | Tenure (Months) | EMI (₹) | Total Interest Payable (₹) | Total Payment (₹) |
|---|---|---|---|---|---|
| ₹5,00,000 | 10.99% p.a. | 60 | ₹10,869 | ₹1,52,140 | ₹6,52,140 |
Types of Personal Loans from IDFC FIRST
| Type of Loan | Purpose | Key Features |
|---|---|---|
| Wedding Loan | To fund wedding expenses | Flexible repayment, quick approval |
| Medical Loan | For medical emergencies | Instant disbursal, minimal documentation |
| Home Renovation Loan | Renovate or upgrade your home | High-value loans for home improvements |
| Travel Loan | Domestic/international travel plans | Hassle-free processing, attractive rates |
| Debt Consolidation Loan | Combine multiple debts | Pay off all loans through a single EMI |
FAQs for IDFC FIRST Personal Loan Interest Rates
1. What is the minimum interest rate for IDFC FIRST personal loans?
The interest rate starts at 10.99% per annum, depending on your credit profile and loan amount.
2. How can I lower my interest rate?
Maintain a high credit score, choose shorter tenures, and apply during special promotions to secure better rates.
3. What is the maximum loan amount I can borrow?
You can borrow up to ₹40 Lakhs from IDFC FIRST Bank for personal loans.
4. Are there any additional charges apart from interest?
Yes, processing fees (up to 2%), prepayment charges, and late payment penalties may apply.
5. How quickly is the loan disbursed?
With minimal documentation and a quick approval process, funds can be disbursed within 24-48 hours.
