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IDFC FIRST Bank Personal Loan

IDFC FIRST Bank Personal Loan with instant approval, zero foreclosure charges, and a complimentary lifetime-free credit card.

At 9.99%, IDFC FIRST Bank has one of the lowest starting rates of the 22 lenders we track for personal loans.

Documents required

  • PAN Card
  • Aadhaar Card
  • 3 months salary slips
  • 6 months bank statement
  • Address proof

As published by IDFC FIRST Bank. Your branch may ask for more.

Get IDFC FIRST Bank Offers →Soft check · won’t affect your credit score
Interest rate9.99 – 23% p.a.
Processing fee3.5% (min ₹1,500)
Max amount₹40L
Max tenure5 yr
Compare with 23 other lenders →

Best for: IDFC FIRST salary-account holders who want a bundled lifetime-free credit card and zero foreclosure charges.

Check your eligibility ~30 sec · indicative
Estimated EMI · max eligible ~₹11,62,340
₹16,131/mo
Get offers at this amount →
Total cost of this loan ₹98,216 · interest + processing fee, ₹5,00,000 over 3 yr at 9.99% · no prepayment penalty
EMI at IDFC FIRST Bank’s 9.99% p.a.
₹3L · 2 yr
₹13,842/mo
₹5L · 3 yr
₹16,131/mo
₹8L · 4 yr
₹20,286/mo

Eligibility

At IDFC FIRST Bank
Age23 – 58 years
Min salary₹20,000/mo
Min income (self-emp)₹2,40,000/yr
Min credit score700+
Employmentsalaried, self employed, professional
DisbursalSame day for IDFC FIRST customers

Loan terms

Amount₹1L – ₹40L
Tenure1 – 5 years
Rate typefloating
PrepaymentNil
Late payment₹500 + applicable taxes per instance
  • Lifetime free credit card bundled
  • Instant approval for IDFC FIRST customers
  • Zero foreclosure charges

Fees & charges

Prepayment / foreclosurePer RBI floating-rate rules; fixed-rate charges vary
Late paymentAs per each lender’s schedule
GSTApplicable on fees and charges

FAQ

Lenders price on your credit score, income, employer category and tenure. A score above 750 typically unlocks the lower end of each range shown. The exact rate is confirmed by the lender at underwriting.

Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.

No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.

Most lenders allow prepayment after a few EMIs. Charges vary by lender and are shown in the fees section; RBI caps foreclosure charges on floating-rate loans to individuals.

Related readingIDFC FIRST Classic Credit Card Review 2026 — Best Free Card?Bank vs NBFC for Personal Loan — Which Should You Choose?ICICI Bank Personal Loan Eligibility 2026: Criteria, Documents & Tips to Get Approved

More from IDFC FIRST Bank

RBI-registered lenders only
RateFrom 9.99% p.a. · IDFC FIRST Bank
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