100% Digital application
Interest rates start @9.99% p.a.
Loans up to ₹15 lakh
Zero foreclosure charges & zero processing fee for all

Apply Now

Personal Loan EMI calculator

Loan amount

15L

Tenure

Months

Interest rate

p.a.

9.5%

38%

ZERO Foreclosure fees

Your EMI will be

₹2,124/Month

Total Interest

₹27,453

Total Amount Payable

₹1,27,453

Check your eligibility

What is a Personal Loan App and How Does It Work?

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 a bank branch. Whether you're dealing with an unexpected expense or planning a major purchase, the app makes borrowing simple, secure, and accessible.

Why Choose IDFC FIRST Bank FIRSTmoney Personal Loan App?

The FIRSTmoney smart personal loan app by IDFC FIRST Bank is designed to provide a seamless, 100% digital borrowing experience. From application to disbursal and repayment, everything can be managed through an intuitive and secure mobile interface. Here are the key benefits of choosing the FIRSTmoney personal loan app:

• 100% digital application: Eligible applicants can apply online in just a few steps and complete video KYC digitally without visiting a bank branch.

• Quick loan disbursal: Receive loan disbursal in as little as 10 minutes, subject to eligibility and verification.

• Flexible loan amounts: Access personal loans ranging from ₹50,000 to ₹15 lakh based on your eligibility.

• Competitive interest rates: Enjoy interest rates starting from 9.99% p.a.

• Flexible repayment tenures: Choose a repayment tenure ranging from 9 to 60 months.

• Zero foreclosure charges: Repay your outstanding loan early without incurring foreclosure charges.

You can apply for a FIRSTmoney Personal Loan using the IDFC FIRST Bank Mobile Banking app. The app is available on the App Store and Google Play Store. Select the option that best suits your device to begin your digital loan application.

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.

Features of IDFC FIRST Bank App 

Apply for a Personal Loan

Apply for a FIRSTmoney Personal Loan through a simple, 100% digital application process. Complete your KYC and track your application status until loan disbursal.

View Your Active Loans and Details

Access your active personal loans, outstanding balances, EMI schedules, repayment history and other loan details in one place.

Get On-Demand Loans

Access additional funds through on-demand loan offers, subject to eligibility, whenever you need financial assistance.

Download Loan Documents

Easily download important documents, including loan statements and other loan-related records, directly from the app.

Foreclose Your Loan

Foreclose your FIRSTmoney Personal Loan digitally through the app with zero foreclosure charges, without visiting a bank branch.

Download App

How to Apply for a Personal Loan with the App?

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 apply for a Personal Loan with the FIRSTmoney App  

Apply for a Personal Loan online with minimal documentation, without the need to visit a branch. Apply Now

Documents needed

No document uploads are required during the loan application. Keep the following documents handy: 

Aadhaar Card
Physical PAN card

Download the FIRSTmoney App. Apply, Borrow & Manage with Ease.

1.12 million+ happy users

4.8

4.9

100% Digital Application

Apply for a Personal Loan online without paperwork, directly through the FIRSTmoney App.

Loans up to ₹15 lakhs

Choose a loan amount based on your financial needs and eligibility.

10-minute Disbursal

Get approved funds within 10 minutes after completing the application process.

Flexible repayment options

Select a suitable tenure from 9 to 60 months and track EMI in-app.

1.12 million+ happy users

4.8

4.9

Things to know before applying through the FIRSTmoney Personal Loan App

Tips to use your Personal Loan App Smartly 

Personal Loan Interest Rates and Other Charges

Interest Rates

Starting from 9.99% p.a.*

Processing Fees

Zero Processing fees for all

Foreclosure Charges

0 charges with no lock-in period

Interest Rates and Charges on Personal Loans via the FIRSTmoney App

Apply for a Personal Loan easily through the FIRSTmoney App by IDFC FIRST Bank, with interest rates starting at 9.99% per year, flexible repayment options, and no early repayment charges. The app lets you apply online, get your funds disbursed, and manage your loan all in the app.

Before applying, know the interest rates and fees so you can plan your payments better. You can also use the Personal Loan EMI Calculator to estimate your monthly payments and pick a plan that fits your budget.

Here is a comprehensive list of personal loan charges for IDFC FIRST Bank's FIRSTmoney personal loans:

View fees & charges. GST is applicable on all service charges.

It's essential to review these personal loan fees and charges before applying, as they can be subject to revisions by the bank.

*Mandate Rejection technical Bounce Charges (for mandate rejected by your bank, to be charged for each month from the 3rd consecutive bounce month onwards until the mandate is registered).

Type of Charges	Fee/Charge
Processing fees	Zero Processing fee on all personal loans
Rate of interest	Starting from 0.83% per month (equivalent to 9.99% p.a., reducing balance basis)
Stamping charges	As per the State’s Stamp Act
Penalty on overdue EMIs	12% p.a. (1% p.m.) or ₹300, whichever is higher. No GST will be applicable.
EMI bounce charges	12% of the bounced EMI amount with a minimum charge of ₹400 and a maximum of ₹1000 (excluding GST).
Payment swap charges	NIL
Foreclosure charges	NIL (Foreclosure requires a sanction letter)
Part Pre-Payment	Not allowed
EMI Pickup/Collection charges	₹500
Duplicate No Objection Certificate	₹500
Physical Statement of Account	₹500
Document retrieval charges	₹500
Cooling-off period	3 days (Loan can be cancelled without penalty within 3 days)
Technical bounce charges*	Charge rates would be the same as applicable under EMI bounce charges

Do’s and Don’ts About FIRSTmoney Personal Loan via App 

DOS

Check the interest rate, tenure, EMI and applicable charges before applying 
Select a repayment period that fits your monthly budget 
Make timely repayments to maintain a consistent credit history 
Review the applicable criteria before starting your application 
Provide correct personal and financial details during the digital application

DON’TS

Do not focus only on the EMI and consider the total repayment amount and applicable charges 
Do not overlook your credit score, as your credit profile can affect your loan eligibility 
Avoid taking multiple loans, since additional borrowing may increase your overall repayment burden 
Do not submit incorrect details, as inaccurate information can affect the application process 
Do not borrow without planning and assess your repayment capacity before taking a personal loan

Planning to take a loan?

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Choose the right personal loan amount for your needs

Not Sure How Personal Loans Work?

Apply for a Personal Loan in Your City with the App

How Much Personal Loan Can Your Salary Get You?

FIRSTmoney Personal Loan App FAQs

Getting a personal loan at a low interest rate involves several factors. To begin with, ensure you maintain a good credit score, as it significantly impacts the interest rate offered to you. Additionally, consider opting for a bank like IDFC FIRST Bank that offers flexible repayment options and competitive rates. Utilising the IDFC FIRST Bank loan app can be beneficial, as it provides competitive interest rates tailored to your credit profile, along with transparent terms and conditions. 

Apps like the IDFC FIRST Bank Mobile Banking app with FIRSTmoney Smart and Instant Personal Loans are highly recommended due to their user-friendly interface, quick approval process, and competitive interest rates. The IDFC FIRST Bank loan app offers features like instant loan approvals, EMI calculators, and personalised loan offers, making the borrowing experience convenient and hassle-free. 

Yes, IDFC FIRST Bank's app allows pre-closure of your FIRSTmoney smart personal loan without any foreclosure charges. Whether it’s a small loan or a big one, you can repay the loan early at your convenience, providing you with complete flexibility.

To be eligible for a FIRSTmoney loan, you must be an Indian citizen between 21-60 years of age with a stable income and good credit history. Both salaried and self-employed individuals can apply. 

You only need to show your PAN card during the V-KYC (Video KYC) process when applying for a loan through IDFC FIRST Bank’s loan app.

Once your loan is approved, the amount is credited to your account instantly, typically within minutes. 

No, there are no hidden charges. FIRSTmoney maintains complete transparency with its charges, including a minimal processing fee and no foreclosure charges. 

Using an instant personal loan app is simple and convenient. You can download the FIRSTmoney personal loan app from the Apple App Store or Google Play Store and register with your details. Next, set up your login credentials and MPIN. Once done, you can explore the loan options, customise loan amounts and tenure, and submit your application. With the IDFC FIRST Bank loan app, you can track your application status in real-time and receive instant approvals, making the entire process seamless and efficient. 

To get an instant loan from the app, follow these steps: 

Download the FIRSTmoney mobile app from the Google Play Store or Apple App Store 
Register and check your eligible loan offer. 
Select your preferred loan amount and repayment tenure. 
Complete and submit your application digitally. 
Receive instant approval and disbursal of funds directly into your bank account.

Yes, instant loan apps like the IDFC FIRST Bank Mobile Banking app are safe to use. Such apps by reputable banks follow stringent security measures to protect your personal and financial information. Additionally, they comply with regulatory guidelines to ensure transparency and fairness in loan transactions. 

FIRSTmoney is IDFC FIRST Bank's instant personal loan that offers loans from ₹50,000 to ₹15 lakh with disbursal in just 10 minutes. It's a 100% digital platform that allows you to get multiple loans from a single approved offer without reapplying. 

The FIRSTmoney app offers unique advantages: 

• Instant disbursal in 10 minutes vs 2-3 days for traditional loans 
• Zero foreclosure charges vs 4-5% penalty on traditional loans
• Multiple loans facility - take multiple loans from the approved offer
• Paperless Process - no physical document submission required. You only need to display your physical PAN card during the Video KYC process
• EMI on utilised amount only - pay EMI only on what you borrow

Yes, the FIRSTmoney app is completely safe. It follows all RBI guidelines for digital lending, uses end-to-end encryption, OTP-based authentication, and secure document storage. IDFC FIRST Bank is a scheduled commercial bank regulated by the Reserve Bank of India. 

You can apply if you meet these criteria: 

• Age: 21-60 years 
• CIBIL Score: Minimum 710 (for salaried) and 760+ (for self-employed)
• Employment: Salaried or self-employed with stable income 
• Residency: Indian resident 
• Paperless Journey: Get Instant loan approval with just your PAN & Aadhaar

You only need: 

• PAN card (Physical) 
• Aadhaar number for the application.

Download the FIRSTmoney app from the Google Play Store for Android devices and the Apple App Store for iOS devices.
Fill in the application form
Choose your loan preferences, and plan your personal loan
Link your bank account for disbursal 
Complete Video KYC by showing your PAN card
Get instant approval and loan disbursal in 10 minutes

Yes, the app provides an instant pre-approval check using CIBIL integration. You can check your eligibility without affecting your credit score. 

• Loan Amount: ₹50,000 to ₹15 lakh 
• Tenure: 9 to 60 months (flexible tenure for each withdrawal) 
• Interest Rate: Starting from 9.99% p.a. (based on your credit profile)

Once your loan offer is approved, you can: 

• Take multiple loans from the approved offer 
• Choose different tenures for each loan (9-60 months) 
• No reapplication from scratch needed for additional loans 
• When you repay a loan completely, that amount becomes available again for new loans

No, you only pay EMI on the amount you withdraw. If you're approved for ₹5 lakh but withdraw only ₹2 lakh, your EMI will be calculated only on ₹2 lakh. 

Yes, you can foreclose your loan at any time with zero penalty charges. There are no foreclosure fees, unlike traditional personal loans. 

• Processing Fee: Low processing fee starting at 0% of the loan amount up to 3.5% 
• Interest Rate: Starting at 9.99% p.a. on a reducing balance basis
• Foreclosure Charges: Zero
• EMI Bounce Fee: 12% of the bounced EMI amount with a minimum charge of ₹400 and a maximum of ₹1000 (excluding GST).

No, all fees and charges are transparently disclosed in the app. There are no hidden costs or surprise fees. 

Your loan amount will be credited to your bank account within 10 minutes of approval. This is significantly faster than traditional personal loans that take 2-3 days. 

Your approved loan offer remains valid for use whenever you need it from the date of approval. You can take multiple loans within this period without a fresh reapplication from scratch. 

• Auto-debit: Set up automatic EMI deduction from your bank account 
• Manual payment: Pay through the app using the Quickpay link. 
• Prepayment: Enjoy EMI prepayments anytime without penalty
• In-app management: Track EMIs, download statements, and manage repayments

The IDFC FIRST Bank Personal Loan is an m-web journey available on all devices. This journey can also be taken via the Instant app supported on Android. 

You can contact our 24/7 customer support at 1800-10-888 for any assistance. The app also has built-in support features for common queries. 

Yes, the app provides complete loan management features, including: 

• Real-time loan status tracking 
• EMI schedule and payment history 
• Statement downloads 
• Foreclosure management 
• EMI calculator

If your EMI bounces due to insufficient funds, a penalty of 12% of the bounced EMI amount applies, with a minimum charge of ₹400 and a maximum of ₹1000 (excluding GST). 

Yes, FIRSTmoney can be used for medical emergencies, as you can get funds within 10 minutes of approval. The instant disbursal feature makes it ideal for urgent financial needs. 

Absolutely! Entrepreneurs and self-employed individuals can benefit from the flexible multiple loans facility, allowing them to access funds as per their business cycles without reapplying each time. 

Yes, the multiple loans facility makes it perfect for recurring expenses like education fees or wedding costs. You can take separate loans as expenses arise, all from your pre-approved limit. 

You can use FIRSTmoney to pay off high-interest credit cards or other expensive loans, potentially saving on interest costs with competitive rates starting at 9.99% p.a. 

To apply for a FIRSTmoney Personal Loan, install the IDFC FIRST Bank Mobile Banking app from the Apple App Store or Google Play Store.

No, you don't need an existing IDFC FIRST Bank account to apply for a FIRSTmoney personal loan. The app is designed for both existing and new customers. 

Once you download and open the app, the personal loan application journey begins immediately. You'll be guided through the simple application process step by step. 

Download the FIRSTmoney mobile app from the Google Play Store or Apple App Store.
Enter your mobile number and basic details. 
Check your eligible offer, select the loan amount and tenure, and submit your application. 
Provide the required personal, employment and income information. 
Finish the Video KYC process using the required documents and receive funds directly in your bank account.

IDFC FIRST Bank FIRSTmoney Personal Loan App

Personal Loan EMI calculator

What is a Personal Loan App and How Does It Work?

Why Choose IDFC FIRST Bank FIRSTmoney Personal Loan App?

Key Features of the IDFC FIRST Bank Instant Loan App

Instant Approval

Zero Foreclosure Charges

Competitive Interest Rates from 9.99% p.a.*

100% Digital Application

Quick Loan Disbursal

Flexible Loan Amounts

EMI Calculator

Features of IDFC FIRST Bank App

Apply for a Personal Loan

View Your Active Loans and Details

Get On-Demand Loans

Download Loan Documents

Foreclose Your Loan

How to Apply for a Personal Loan with the App?

Who can apply?

Occupation

Age

CIBIL score

How to apply for a Personal Loan with the FIRSTmoney App

Step 1

Step 2

Step 3

Process step 4

Process step 5

Documents needed

Download the FIRSTmoney App. Apply, Borrow & Manage with Ease.

100% Digital Application

Loans up to ₹15 lakhs

10-minute Disbursal

Flexible repayment options

Things to know before applying through the FIRSTmoney Personal Loan App

Personal Loan Eligibility

Processing Fees & Charges

Interest Rates

Compare Loan Details

Repayment Flexibility

Tips to use your Personal Loan App Smartly

Assess your repayment capacity

Use the app for planned borrowing

Keep your borrowing manageable

Keep Track of Your Loan Repayments

Personal Loan Interest Rates and Other Charges

Starting from 9.99% p.a.*

Zero Processing fees for all

0 charges with no lock-in period

Interest Rates and Charges on Personal Loans via the FIRSTmoney App

Do’s and Don’ts About FIRSTmoney Personal Loan via App

DOS

DON’TS

Planning to take a loan?

Personal loan of ₹2.5 lakh in India - Eligibility, documents, & smart ways to apply

Personal loan of ₹2.5 lakh in India - Eligibility, documents, & smart ways to apply

Personal loan of ₹2.5 lakh in India - Eligibility, documents, & smart ways to apply

Personal loan of ₹2.5 lakh in India - Eligibility, documents, & smart ways to apply

Choose the right personal loan amount for your needs

₹15 Lakh Personal Loan

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Not Sure How Personal Loans Work?

How to streamline your loan repayments with a single EMI

How to foreclose your FIRSTmoney Personal Loan at zero charges

How to finance your wedding with FIRSTmoney

Documents Required for a Personal Loan in India

Competitive Interest Rates from 9.99% p.a.* 

Quick Loan Disbursal 

Flexible Loan Amounts 

Features of IDFC FIRST Bank App 

How to apply for a Personal Loan with the FIRSTmoney App  

Tips to use your Personal Loan App Smartly 

Assess your repayment capacity 

Keep your borrowing manageable 

Do’s and Don’ts About FIRSTmoney Personal Loan via App 

Important Terms & Conditions 