IDFC FIRST Bank personal loan review
IDFC FIRST Bank's personal loan rates, fees, eligibility and foreclosure terms — verified as of June 2026. Rates are indicative and profile-dependent.
By NexMaxo Editorial Team · Rates verified June 2026· indicative & profile-dependent
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IDFC FIRST Bank personal loan at a glance
From 9.99% p.a. (reducing balance, indicative)
- Processing fee
- 0%–3.5% + GST (0% on select offers)
- Max amount
- Up to ₹1 crore (standard)
- Max tenure
- Up to 7 years
- Eligibility
- Salaried & self-employed; net income ≈₹20,000+/mo; ~21–60 yrs
- Foreclosure / prepayment
- Nil on FIRSTmoney; standard ~nil after lock-in (aggregator-sourced)
Good to know
- The starting rate is the best case — it goes to high-credit-score, stable-income borrowers. Most applicants are offered a higher rate within the range.
- The processing fee (0%–3.5% + GST (0% on select offers)) is deducted up front, so you receive less than the sanctioned amount.
- Check the foreclosure terms (Nil on FIRSTmoney; standard ~nil after lock-in (aggregator-sourced)) if you might repay early.
- Rates and fees change often — confirm the current terms on IDFC FIRST Bank's official page before applying.
Compare IDFC FIRST Bank
See all 8 lenders comparedIDFC FIRST Bank personal loan — FAQs
IDFC FIRST Bank's personal loan rate is From 9.99% p.a. (reducing balance, indicative). The lowest end of that range goes to borrowers with a strong credit profile — most applicants are offered a higher rate. Your actual rate depends on your credit score, income and relationship with the lender, so treat this as indicative and confirm your offer before borrowing.
0%–3.5% + GST (0% on select offers). The processing fee is a one-time charge deducted at disbursal, so you receive slightly less than the sanctioned amount — factor it into the real cost of the loan.
Nil on FIRSTmoney; standard ~nil after lock-in (aggregator-sourced). If you might repay early, check the lock-in period and the foreclosure charge before you borrow — it can add a meaningful cost.
Salaried & self-employed; net income ≈₹20,000+/mo; ~21–60 yrs. These are indicative minimums — approval and the rate you're offered depend on the lender's own assessment of your credit profile and income.
This is an informational review, not financial advice or a loan offer. Personal-loan rates, fees and limits are indicative and profile-dependent — your actual offer depends on the lender's assessment. Confirm current terms on IDFC FIRST Bank's official page, and borrow only what you can comfortably repay.