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Say ‘Hi 👋’ on WhatsApp at 9555 555 555 & we’ll get back to you instantly

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View & track all your past and active service requests.

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Locate Us

Locate your nearest IDFC FIRST Bank branches and ATMs

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Block your lost or stolen credit card instantly to prevent misuse

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Get Funds Instantly on our App

  • Zero foreclosure charges
  • Interest rates start @9.99% p.a
  • 100% digital application
  • Loans up to ₹15 lakh
Download App

Personal Loan EMI calculator

Loan amount

1L
2Cr

Tenure

Months
9
60

Interest rate

p.a.
9.5%
15%

ZERO Foreclosure fees

Your EMI will be

₹2,124/Month

Total Interest

₹27,453

Total Amount Payable

₹1,27,453

Check your eligibility
Disclaimer

Why Choose IDFC FIRST Bank Loan App for Personal Loans

Today, applying for a personal loan is faster and more convenient than ever. With an online personal loan app, you can apply for a personal loan, complete verification, track your application, and manage repayments directly from your smartphone without visiting any bank branch. Whether you're dealing with an unexpected expense or planning a major purchase, the app makes borrowing simple, secure, and accessible.

The FIRSTmoney instant personal loan app by IDFC FIRST Bank is designed to provide a seamless, 100% digital borrowing experience. Eligible applicants apply online in just a few steps, finish video KYC digitally, and receive quick loan disbursal in as little as 10 minutes. From application to disbursal and repayment, everything can be managed through an intuitive and secure mobile interface.

Eligible borrowers can access personal loan amounts from ₹50,000 up to ₹15 lakh, with interest rates starting from 9.99% p.a., repayment tenures ranging from 9 to 60 months, and zero foreclosure charges. If you're looking for an instant personal loan app that offers convenience, transparency, and complete control over your borrowing experience explore FIRSTmoney by IDFC FIRST Bank.

Key Features of the IDFC FIRST Bank: Instant Loan App

Instant Approval

Get instant loan approval, perfect when you need funds urgently

Zero Foreclosure Charges

Foreclose your loan anytime without worrying about additional fees

Competitive Interest Rates from 9.99% p.a.

Get attractive rates starting from 9.5% p.a.* with transparent pricing

100% Digital Application

Complete your loan application through personal loan app - no branch visit needed

Quick Loan Disbursal

Once approved, funds are transferred directly to your account within hours

Flexible Loan Amounts

Borrow anywhere from ₹1L to ₹15L based on your requirements and eligibility

EMI Calculator

Plan your repayments using our built-in personal loan EMI calculator before applying

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Easy to Apply Instant Loan

Click on Get Instant Loan

Manage daily sales, vendor payments, and frequent cash deposits with ease, while enabling POS and UPI collections for seamless customer payments

Fill your basic details

Manage daily sales, vendor payments, and frequent cash deposits with ease, while enabling POS and UPI collections for seamless customer payments

Select Loan Amount

Manage daily sales, vendor payments, and frequent cash deposits with ease, while enabling POS and UPI collections for seamless customer payments

Link your bank

Manage daily sales, vendor payments, and frequent cash deposits with ease, while enabling POS and UPI collections for seamless customer payments

Complete KYC

Manage daily sales, vendor payments, and frequent cash deposits with ease, while enabling POS and UPI collections for seamless customer payments

Download App

How to Apply for a Personal Loan Online

Who can apply?

  • Occupation

    You can be working in a salaried job or self-employed role.

  • Age

    Applicants must be aged 21 to 60 years

  • CIBIL score

    A score of 710 or above is required

How to get this?

Step 1

Tap the ‘Apply Now’ option

Step 2

Fill your basic personal details

Step 3

Select your loan amount and EMI setup

Process step 4

Link your bank account for crediting the loan

Process step 5

Show your PAN card during the video KYC

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Online account opening does not require any paperwork or branch visit.

Documents needed

Document uploads are not needed. Keep the following nearby:

  • Aadhaar Card
  • Physical PAN card

Your go-to app for managing all your Personal Loan

1.12 million+ happy users

4.8 4.9

All-In-One Card Services:

Travel booking, redeem rewards, access add-on/referral/replacement services, and more

All-In-One Card Services:

Travel booking, redeem rewards, access add-on/referral/replacement services, and more

All-In-One Card Services:

Travel booking, redeem rewards, access add-on/referral/replacement services, and more

All-In-One Card Services:

Travel booking, redeem rewards, access add-on/referral/replacement services, and more

1.12 million+ happy users

4.8 4.9

Things to know about Personal Loan

Eligibility Criteria:

For faster processing of Personal Loan application, you must meet specific . requirements like minimum age, income, and a good credit score

Processing fees and charges:

For faster processing of Personal Loan application, you must meet specific . requirements like minimum age, income, and a good credit score

Interest rates:

For faster processing of Personal Loan application, you must meet specific . requirements like minimum age, income, and a good credit score

Prepayment and foreclosure options:

For faster processing of Personal Loan application, you must meet specific requirements like minimum age, income, & a good credit score. Compare different loan options before making a decision.

Loan tenure:

For faster processing of Personal Loan application, you must meet specific requirements like minimum age, income, & a good credit score. Compare different loan options before making a decision.

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Tips to use your Personal Loan safely

Create an emergency buffer

Allocate a small portion of the loan towards an emergency fund. This will provide a safety net for emergency costs.

Review and adjust your financial goals

After you apply for a Personal Loan, re-evaluate your financial goals to ensure they are realistic given you new obligations.

Quick Eligibility up to ₹50 Lakhs

While managing your own loans, avoid the risk of co-signing or guaranteeing loans for others.

Avoid co-signing or guaranteeing other loans

While managing your own loans, avoid the risk of co-signing or guaranteeing loans for others.

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Interest Rates & Charges for Personal Loan

Interest Rate

Starting from 9.99% p.a

Interest Rate

Starting from 9.99% p.a

Interest Rate

Starting from 9.99% p.a

Interest Rates and Charges on Personal Loans via the IDFC FIRST Bank App

It’s important to understand the interest rates, processing fees, and charges that affect your total personal loan cost. With FIRSTmoney personal loan by IDFC FIRST Bank, you get transparent pricing and affordable rates designed to fit your budget.

You can also use the personal loan EMI calculator to estimate your EMI amount.

Here's the full list of charges for a FIRSTmoney personal loan by IDFC FIRST Bank:

Type of Charges Fees
Rate of Interest Interest rate starts from 9.99% p.a., calculated on a reducing balance basis.
Processing fee Processing fees 0% to 3.5% of loan amount (incl. GST) (0 processing fee is available on select loan amounts)
Penalty on overdue EMIs 2% of the unpaid EMI
Stamping charges As per State’s Stamp Act
Payment swap charges (Charges for changing the mode of EMI payment) ₹500 + taxes per instance
EMI Bounce Charges EMI Bounce Charges 7.5% of the EMI/ Outstanding amount (minimum ₹ 400 & maximum ₹ 1000)
Part Pre-Payment Not allow
Foreclosure Charges NIL (Customers will have to provide the sanction letter at the time of foreclosing the loan)
Duplicate No Objection Certificate Issuance Charges ₹ 500.00
EMI Pickup/Collection Charges ₹ 500.00
Foreclosure / Prepayment charges NIL
Physical Statement of Account/Repayment Schedule ₹ 500.00
Cooling-Off Period (Borrower can exit the loan within the cooling-off period by paying the principal and the proportionate charges without any penalty. The loan can be cancelled within 3 days in the cooling off period) 3 days
Document retrieval charges (per retrieval) ₹ 500.00

Do’s and Don’ts about Personal Loan

DOS

  • Calculate the Net Savings from Prepayment
  • Calculate the Net Savings from Prepayment
  • Calculate the Net Savings from Prepayment

DON’TS

  • Calculate the Net Savings from Prepayment
  • Calculate the Net Savings from Prepayment
  • Calculate the Net Savings from Prepayment

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Apply for a personal loan based on your salary

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Frequently asked questions

CBDC stands for Central Bank Digital Currency. It is a digital form of money issued and regulated by RBI, it is also referred as “Digital Rupee” or “e₹”. Unlike cryptocurrencies, CBDCs are backed by the government and have the same value as physical currency. CBDC’s aim is to make payments faster, more secure, and more efficient. CBDCs can help reduce the cost of cash handling and improve financial inclusion.

At this bracket, IDFC FIRST Select is your card.

  • 1 free domestic airport lounge visit every quarter, at zero annual fee.
  • Forex markup drops to 1.99% on international spends.
  • Save more on every purchase or trip abroad.
  • Buy 1 Get 1 on movie tickets, twice a month.

The IDFC FIRST Wealth gives you premium benefits at zero annual fee, something no other bank offers at this level.

  • Airport lounge access - 1 domestic and 1 international trip covered.
  • Complimentary golf at select courses across India.
  • 1.5% forex markup - among the lowest for a free card.
  • Buy 1 Get 1 on movie tickets twice a month.

The IDFC FIRST WOW! Card is built for you.

  • No income proof or credit score needed.
  • Available against a fixed deposit of ₹20,000.
  • 100% of your FD amount becomes your credit limit, usable for daily spends, while your FD keeps earning interest.
  • 0% forex markup and 4X rewards on eligible spends

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