Bank
IDFC FIRST Bank Personal Loan 2026
Interest rate, eligibility, documents & fees
- Interest Rate
- 10.49%–23.99%
- Loan Amount
- Up to ₹40 lakh
- Tenure
- 6–84 mo
IDFC FIRST Bank Personal Loan — Key Details
Last reviewed August 2026
- Interest rate
- 10.49% – 23.99% p.a.
- Loan amount
- ₹1 lakh – ₹40 lakh
- Tenure
- 6 – 84 months
- Processing fee
- Up to 2%
- Minimum CIBIL score
- 700+
- Minimum monthly income
- ₹25,000
- Age
- 21 – 60 years
- Employment type
- Salaried, Self-Employed
IDFC FIRST Bank Personal Loan EMI
Monthly EMI at the starting rate of 10.49% p.a. Your rate may be higher.
| Loan amount | 12 months | 24 months | 36 months | 60 months |
|---|---|---|---|---|
| ₹1,00,000 | ₹8,814 | ₹4,637 | ₹3,250 | ₹2,149 |
| ₹3,00,000 | ₹26,443 | ₹13,911 | ₹9,749 | ₹6,447 |
| ₹5,00,000 | ₹44,072 | ₹23,186 | ₹16,249 | ₹10,744 |
| ₹10,00,000 | ₹88,144 | ₹46,371 | ₹32,498 | ₹21,489 |
IDFC FIRST Bank Personal Loan Eligibility
- Age 21–60 years
- Monthly income ≥ ₹25,000
- CIBIL ≥ 700
- 2 years work experience
Documents Required for IDFC FIRST Bank Personal Loan
Salaried
- PAN Card
- Aadhaar Card
- Salary slips (3 months)
- Bank statements (3 months)
- Form 16
Self-Employed
- PAN Card
- Aadhaar Card
- ITR (2 years)
- Bank statements (6 months)
- Business proof
- GST returns
Pros & Cons
Advantages
- Rate from 10.49%
- Long tenure up to 84 months
- Zero foreclosure charges after 12 months
- Good app experience
Watch out for
- Processing fee still applicable
- Branch network growing but smaller
- Higher upper rate for thin profiles
How to Apply for a IDFC FIRST Bank Personal Loan
IDFC FIRST Bank's own application process
- 1Visit IDFC FIRST website
- 2Enter mobile number to start
- 3Fill application form digitally
- 4Upload documents via app
- 5Approval in 24–48 hours
- 6Disbursal in 2–3 business days
Not sure IDFC FIRST Bank is right for you? Compare offers from RateCut's lending partners first.
Compare OffersIDFC FIRST Bank Personal Loan — FAQs
What is the IDFC FIRST Bank personal loan interest rate?
IDFC FIRST Bank personal loan interest rates range from 10.49% to 23.99% p.a. (last reviewed August 2026). The rate you get depends on your credit score, income, employer and loan amount.
What is the minimum salary for a IDFC FIRST Bank personal loan?
IDFC FIRST Bank requires a minimum monthly income of about ₹25,000. It lends to: Salaried, Self-Employed.
What is the processing fee for a IDFC FIRST Bank personal loan?
IDFC FIRST Bank charges a processing fee of Up to 2%, plus 18% GST. It is usually deducted from the loan amount at disbursal.
What CIBIL score is needed for a IDFC FIRST Bank personal loan?
IDFC FIRST Bank generally looks for a CIBIL score of 700 or more. A score of 750+ improves your chances of getting a lower rate.
How long does IDFC FIRST Bank take to disburse a personal loan?
As per IDFC FIRST Bank's stated process: Disbursal in 2–3 business days. Existing customers with pre-approved offers are usually faster.
Is IDFC FIRST Bank regulated by the RBI?
Yes. IDFC FIRST Bank is a private sector bank regulated by the Reserve Bank of India.
Compare IDFC FIRST Bank with other lenders
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Figures last reviewed August 2026 and shown for information only. Interest rates, fees and eligibility are set by each lender and depend on your credit profile — confirm the final terms in the lender's Key Fact Statement before you sign. RateCut is a loan marketplace, not a lender.