IDFC First Personal Loan

IDFC FIRST is one of the fastest growing financial institutions in India that provides personal loans to their customers at an attractive interest rate. Aiming to provide multiple credit options to a large number of individuals, the institution offers personal loan to their customers for various purposes. Moreover, a personal loan from IDFC FIRST through IndiaLends will help customers get a fast approval on their loan application at good terms and conditions.

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Why Choose IDFC First Personal Loan?

IDFC FIRST offers personal loan at an attractive interest rate best suited to the needs of their customers. Here are few reasons to choose IDFC FIRST for a personal loan:

  • Flexible interest rates
  • Instant loan approval
  • Easy Documentation Process & 100% Transparency
  • Maximum Loan up to Rs. 15 lacs
  • Flexible Repayment options, ranging from 1 to 5 years
  • Zero hidden charges and low processing fees
  • Fast disbursal with money in your account within 2 days
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IDFC FIRST Personal Loan Interest Rate

IDFC FIRST offers loans at competitive interest rates starting from 12% for salaried applicants and above 20% for self-employed applicants on a monthly reducing balance model.


Starting From Rs. 50,000 up to Rs. 15 lakhs

Interest Rate 12% - 24%
Loan Tenure 1 - 5 years
Processing Fee 1.5% to 2% of loan amount
Age 23 to 52 years
Part Payment Not allowed
Foreclosure Charges 4% of principal outstanding


Multi-purpose loan

A personal loan is also known as a multi-purpose loan which means that it can be used for various purposes. You can take up a personal loan to pay your medical fees, covering travel and wedding expenses or to buy electronic gadgets etc.

Loan Amount

IDFC FIRST provides loans ranging from Rs. 50,000 to Rs. 15 lacs.

Flexible interest rate

The rate of interest is flexible and can vary during the duration of loan obligation.

Flexible tenures, EMI and Payment Options

IDFC FIRST offers personal loans at attractive interest rates with a loan tenure ranging between 1 to 5 years. You can pay the loan in easy installments.

Personal loans as an unsecured loan

You can also take a personal loan from IDFC FIRST without providing any collateral against the loan. Hence, it is also known as an unsecured personal loan.


A Personal Loan from IDFC FIRST can be availed with minimal paperwork or documentation and doesn’t take much time to procure as compared to a secured Loan.

Interest rates

The rate of interest starts from 12% onwards on a personal loan and can vary with each customer depending on their credit profile.

IDFC FIRST Personal Loan Fees & Charges
Processing Fees IDFC FIRST charges a 2% processing fee + tax to meet the cost of processing and approving your personal loan application.
Foreclosure Charges IDFC FIRST allows prepayment of personal loan after paying 24 EMIs with 4% prepayment charges applicable.
IDFC FIRST Personal Loan Eligibility Criteria

For Salaried Employees


Age Requirement: Minimum 23 years of age and maximum 52 years of age


Minimum Net Salary: Rs. 18,000


Salaried Employees who can apply:


Salaried doctors


Employees of Public and private limited companies


Public and private limited companies


PGovernment sector employees including Public Sector Undertakings and central and local bodies

Documents Required for IDFC First Personal Loan


Complete online loan application

Fill it up online within two minutes


ID proof

Aadhar Card/Voter Id Card/Passport/Driving License


Salary proof

Salary slip of the last 3 months with Form 16


Bank statement

Bank statement of last 3 months or bank passbook of 6 months


Address proof

Aadhar Card/Voter Id Card/Passport/Driving License

Why Should You Apply for IDFC First Personal Loans at IndiaLends?

IDFC First Bank has collaborated exclusively with IndiaLends, an online marketplace which offers low-interest personal loans best suited for your needs. If you are seeking a Personal Loan with IDFC First Bank, you can simply fill up an online loan application form after checking your IDFC First Bank Personal Loan Eligibility. Moreover, you can use an online Personal Loan EMI calculator available at our website to calculate your affordability.


Personalised Loan Offers

At IndiaLends, you can receive personalised loan offers and best deals at the best rate of interest. This is due to a tie-up with IDFC First Bank, which helps you get the best deal on your personal loan as per your profile.


Instant Approval

You will get an instant approval on your personal loan after you fill in an easy online application form.


Cash within 2 days

Soon after the loan is approved, the funds are transferred right into the borrower’s bank account within two working days. Thus, we need no room for delay.


Real Time Tracking Facility

After submission of your loan application at IndiaLends, you can track your application online and moreover, will receive updates of your submitted application form using both email and SMS.


Dedicated Customer Support

IndiaLends has a dedicated customer support team and helpline which is always ready to help with any grievances or questions from loan applicants.

How to Apply for IDFC First Personal Loans at IndiaLends?

At IndiaLends, applying for a IDFC First Personal Loan is a simple process.



Fill up an online loan application form


Quick Verification

We will review your application and give you a decision within minutes


Loan Disbursal

You will be receiving your cash within few days

We will forward your loan application to your nearest IDFC First Bank branch. You can also check the status of your loan application through SMS alerts as well as emails.

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