The features of the IDFC personal loan are mentioned below:
IDFC First Bank Personal Loan
15.6L Reviews
Compare 30+ Lenders instantly
with no physical paperwork.
Get funds in 24 hours
with instant pre-approval.
Check eligibility
with zero impact on your credit score.
Bank-grade security
with RBI-approved lenders and no spam calls.

Calculate Your Personal Loan EMI
Select Your Bank
Your Monthly EMI Payment
₹0
Find Best Personal Loan Offers
Quick Links
Compare & Choose the Best Offer
Pre-approved Offers with Instant Disbursals
Know Your Chances of Approval
End-to-End Digital Process
Key Highlights - IDFC FIRST Bank Personal Loan
IDFC FIRST Bank Personal Loan Interest Rates 2026
IDFC FIRST Bank personal loan interest rate starts from 9.99% p.a. onwards. It is important to note that the final interest rate on your IDFC personal loan will be determined based on various factors, including credit score, existing obligations, income range and employment type, etc.
Detailed IDFC FIRST Personal Loan Eligibility Criteria
The IDFC personal loan eligibility criteria are simple and easy to understand:
Documents Required for IDFC FIRST Loan Online
To apply for an IDFC personal loan online, borrowers need to provide the physical copies of the documents mentioned below at the time of video KYC:
- PAN card (Mandatory documents for all the applicants)
- For Video KYC: Passport, Voter ID, Driving License
The loan process is 100% digital and paperless.
Avail Personal Loan for
All Your Needs

Avail Personal Loan for
All Your Needs
IDFC FIRST Bank Personal Loan EMI Calculator
Before applying for a personal loan, a smart move entails estimating your EMI using the IDFC Personal Loan EMI calculator. It helps you understand how much money will be used up as EMI every month and how much you will be left with, aiding in well-informed loan selection. To use the IDFC personal loan EMI calculator, users need to enter:
How to Apply for an IDFC FIRSTmoney Personal Loan Online via Paisabazaar
You can apply for IDFC Bank personal loan online at Paisabazaar in the following steps:
IDFC Personal Loan Fees and Other Charges
The fees and charges of the IDFC FIRSTmoney personal loan are as follows:
| Particulars | Charges |
|---|---|
| Processing Fees | 0 to 3.5% of the loan amount (incl. GST)Note: 0% processing fee is available on select loan amounts |
| EMI Bounce Charges | EMI Bounce Charges 12% of the EMI/ Outstanding amount (minimum Rs. 400 & maximum Rs. 1000) |
| Stamping Charges | As per the State’s Stamp Act |
| Penalty on overdue EMIs | 12% p.a or Rs 300, which is higher. |
| Foreclosure charges | NIL |
| Cooling-off period | 3 days (Loan can be cancelled without penalty within 3 days) |
How IDFC FIRST Bank Personal Loan is Different from Other Lenders
IDFC FIRST Personal Loan vs Other Popular Personal Loans
| Feature | IDFC FIRST | HDFC | ICICI | Axis |
|---|---|---|---|---|
| Starting Interest Rate | 9.99% | 9.99% | 9.99% | 9.99% |
| Loan Amount | 15 lakh | 50 lakh | 50 lakh | 40 lakh |
| Tenure | 60 months | 72 months | 72 months | 84 months |
Explore Our Personal Loan Lenders
Avail Personal Loan for
All Your Needs

Avail Personal Loan for
All Your Needs
FAQs
What is the minimum CIBIL score for an IDFC personal loan?
IDFC FIRST Bank prefers its applicants to maintain a score of 710+ in case of salaried employees, whereas self-employed individuals need to maintain a score of 760+ to get the loan application approved without much difficulty..
Can a self-employed person get an IDFC Bank personal loan?
Yes, self-employed professionals can also apply for an IDFC FIRST Bank personal loan.
What is the minimum income required for an IDFC personal loan in India?
IDFC Bank has not mentioned the minimum income required for their personal loan. However, a debt-to-income ratio of 50-55% is usually asked by lenders in India for a personal loan.
What is the current IDFC personal loan interest rate in 2026?
The current IDFC personal loan interest rate in 2026 is 9.99% p.a.
What factors affect my IDFC Bank personal loan interest rate?
Factors like the borrower’s credit score, debt-to-income ratio, loan tenure, loan amount, etc., affect the IDFC Bank personal loan interest rate.
Is the IDFC personal loan interest rate fixed or floating?
IDFC personal loan interest rate is fixed.
What happens if I miss an EMI on my IDFC FIRST Bank loan?
Missing an EMI (Equated Monthly Installment) on your IDFC FIRST Bank personal loan can lead to a late payment penalty, EMI bounce charges, lowering of the credit score and the loan being classified as an NPA, if EMI remains unpaid for 90 days.
How to increase my personal loan eligibility with IDFC FIRST Bank?
Improving your personal loan eligibility with IDFC FIRST Bank includes improving your credit score, maintaining a stable income, maintaining a Net Monthly Income/Equated Monthly Instalment (NMI/EMI) ratio of 50-55%, applying with a co-applicant and more.
Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001
Get up to ₹50 Lakhs starting at 9.98%*
Get up to ₹50 Lakhs starting at 9.98%*









