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Apply for an Online Personal Loan Starting at 9.99%* p.a.

Get up to ₹15 Lakhs instantly, disbursed in 10 minutes.
0 Foreclosure charges
Zero processing fee**

Apply Now

Personal Loan EMI Calculator

Loan amount

₹1L ₹15L

Loan term in months

Repay anytime with 0 Foreclosure charges!

9 Months 60 Months

Choose the Interest Rate

Lowest interest rate unlocked!

9.99% 38 %

Your EMI will be

₹5,072/month*

Total Interest Payable

₹43,435

Total Amount Payable

₹2,43,435

Check your eligibility

Personal loan calculator is only for illustration purposes. For actual calculations refer to your Repayment Schedule & Loan Agreement.*T&C Apply. **For select loan amounts

Overview
Benefits
Eligibility
How to apply
Fees & Charges
FAQs
Blogs

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Instant Personal Loan Online: FIRSTmoney

A personal loan is an unsecured borrowing option that makes it easy to access funds when you need them. Whether it’s a dream vacation, a sudden medical bill, wedding expenses, or a home renovation, it helps you meet various financial needs without collateral. It offers fixed EMIs over a chosen tenure, making it convenient for meeting immediate financial requirements. The best personal loans offer flexibility, affordability, and instant access. You can apply for a personal loan in just a few minutes via a fully digital process. That’s where FIRSTmoney comes in.

With FIRSTmoney, you’re in control – from how much you borrow to how and when you repay. It’s quick, convenient, and built to put your financial comfort first. FIRSTmoney is designed for individuals with a credit score of 710 and above. It offers instant personal loans of up to ₹15 lakh with competitive interest rates. There are zero foreclosure charges, so you can close your loan anytime without extra costs. You also get the flexibility to choose from multiple tenure options. You can pick your EMI repayment date and even access multiple loans as and when needed. This makes your borrowing experience convenient and tailored to your lifestyle.

View personal loan interest rates

Benefits of Instant Personal Loan with IDFC FIRST Bank

Zero foreclosure charges

Say goodbye to foreclosure charges with FIRSTmoney smart personal loans and repay your outstanding loan whenever you want without worrying about additional fees.

Flexible repayment options

Take advantage of customised personal loan repayment options, with the ability to choose from flexible tenures to suit your financial situation.

Swift disbursals

Our advanced technology allows for a quick and paperless instant personal loan application process, ensuring swift disbursal of loan amounts directly to your bank account.

Personal loan amount flexibility

Get a FIRSTmoney instant loan of up to ₹15 lakh based on your eligibility and financial requirements. You can obtain more loans on demand, to meet future requirements, in just a few clicks.

0 Processing Fee

Enjoy processing fees as low as 0%*

Personal Loan Eligibility and Documentation

Personal Loan Eligibility

You must meet the following criteria for a personal loan from IDFC FIRST Bank -

Occupation: Salaried or Self-Employed
Age: Your age should be between 21 to 60 years
CIBIL Score: You should have a CIBIL Score of 710 or above

Personal Loan Documents Required

No documents required. Simply keep the following handy-

Aadhaar and PAN number for application
Physical PAN card to be displayed during the video KYC
You don’t need to upload any documents during the application process.

Easy Guide on How to Apply for a Personal Loan

Step 1

Click on ‘Apply Now’

Step 2

Step 3

Choose your loan preferences including amount and EMI plan

Step 4

Link your bank account where you want to receive the funds

Step 5

Complete video KYC by showing your PAN card

Apply for Personal Loan

Interest Rates & Charges for Personal Loan

Low Interest Rate

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)
[View fees & charges]

Flexible Loan Tenure

9 to 60 months

Apply Now

Do’s and Don’ts about Personal Loan

Do's

Make sure you understand the loan terms before you apply
Pick a repayment tenure that works for your monthly budget
Try to keep your repayment record consistent and timely
Check your eligibility to avoid unnecessary rejections
Use a digital-first approach to get faster access to funds

Don’ts

Do not assume that a smaller EMI means lower overall cost
Avoid ignoring your credit score while applying
Do not take out multiple loans at the same time
Avoid submitting incomplete or incorrect details
Do not take a loan without planning repayment

Things to know about Personal Loan

Eligibility Criteria

To apply for a FIRSTmoney personal loan, you should have a steady income, meet minimum salary requirements, and maintain a CIBIL score of 710 or above.

Processing fees & charges

It is important to look beyond interest and check all applicable charges. Get all the details at your fingertips with FIRSTmoney.

Interest rates

Applicable rates have a direct impact on your EMI and repayment. FIRSTmoney offers competitive rates starting from 9.99% p.a. for eligible borrowers.

Easy loan comparison

Before choosing a loan, it helps to compare options across rates, tenure, and charges. FIRSTmoney makes this easier with clear and upfront details.

Better financial planning

With flexible repayment options and zero foreclosure charges, you get more control over how you manage your loan and repayments.

Tips to smartly use your Personal Loan

Tip 1

Plan your repayment before borrowing

Take a moment to check if your income can comfortably cover the EMI without affecting essential expenses.

Tip 2

Use it only when you really need it

Personal loans are designed for important goals, milestones, and emergencies; so, avoid using them for non-essential spending.

Tip 3

Avoid depending on loans frequently

Using personal loans too often can increase financial pressure and make repayments harder over time.

Our App Ratings from 2.64M+ happy users

Hear from our Personal Loan customers

I chose the FIRSTmoney smart personal loan because it gave me the confidence of being able to foreclose the loan whenever I was financially comfortable. That flexibility mattered to me, because I didn’t want to feel stuck with the loan. I used the loan for my personal expenses, and the entire process, right from application to disbursal, it felt smooth, transparent, and well-managed.

Rohan Mehta

December 26, 2025

I decided to go ahead with this loan because the interest rate and zero foreclosure benefits made practical sense for my situation. It fit my requirement without adding financial pressure. The process was easy and straightforward, and I felt assured that I was making a sensible and balanced borrowing decision.

Neha Shah

December 24, 2025

I chose this loan because I needed funds on priority, and the instant approval feature was exactly what I was looking for. The amount was disbursed quickly and helped me manage an urgent situation without delay. At that moment, speed and reliability mattered more than anything and this loan delivered both.

Amit Verma

December 22, 2025

I went ahead with FIRSTmoney after reading positive reviews, and I’m glad I trusted them. The entire process was quick, simple, and free from unnecessary steps. It helped me meet my financial needs smoothly, and the overall experience felt dependable and well-coordinated.

Kunal Deshpande

December 21, 2025

I chose this loan because the process was straightforward and the funds quickly disbursed, which was important because I needed them urgently. The ROI benefit and fast turnaround gave me the assurance that I had made the right choice at the right time.

Sneha Kapoor

December 19, 2025

I selected this loan because it suited my requirement and it felt easy to manage throughout the 100% digital process. What added to my comfort was knowing that I had flexibility in how the loan could be managed over time. That sense of control made the borrowing experience much more reassuring.

Arvind Nair

December 18, 2025

I appreciated how the entire process was digital and paperless, it saved time and effort and made the experience feel very convenient. I used the loan for home-related expenses, and being able to complete everything smoothly without multiple visits or paperwork was a big plus for me. I could also withdraw more funds from the app, in a just a few steps.

Pooja Malhotra

December 17, 2025

I took this loan for my business requirement, and what really stood out was the transparent, paperless process. Everything was clear and easy to complete, without unnecessary intermediaries. It gave me confidence that the digital process was secure and easy end to end.

Jay Patel

December 16, 2025

I opted for this loan because it fit my personal requirement at that stage. The experience was smooth, and the digital process and flexible repayment tenure helped me manage my expenses in a more organised and structured way. It felt like a practical solution that supported me when I needed it.

Asha Kulkarni

December 11, 2025

I chose the FIRSTmoney personal loan because it matched my financial requirements and allowed me the flexibility to manage my EMIs comfortably. The easy application process and repayment options helped me stay in control of my monthly budget, which made the decision feel responsible and well thought-out.

Varun Singh

December 10, 2025

I went ahead with this loan because it could meet my urgent need at the time, and the overall journey felt smooth and supportive. The process was easy to complete, the interest rates were competitive, and the loan features helped me manage everything without complications or stress.

Ritu Chatterjee

December 9, 2025

I selected this loan because it aligned well with my financial requirement and offered the kind of repayment flexibility I needed. The application process was simple, paperless, and the way the loan was structured made it practical and comfortable to manage the EMIs.

Manish Agarwal

December 2, 2025

I chose this loan because it suited my requirement, and the experience felt comfortable from start to finish. The funds were disbursed immediately and the flexibility in repayments allowed me to manage my finances confidently while balancing my other expenses. It gave me both support and stability.

Kavita Rao

December 1, 2025

I took this loan because it supported my personal requirement at just the right time. The process was smooth, paperless, and the flexible repayment schedule helped me handle my finances with more confidence and ease throughout the repayment journey.

Deepak Sinha

November 29, 2025

I selected this loan because it matched what I needed, and the application process was simple and easy to complete. The competitive interest rates and flexible EMI schedule helped me balance the loan alongside my other financial commitments without feeling overburdened.

Anjali Desai

Novmber 27, 2025

I chose this loan because it suited my financial requirement during a medical emergency and the process was quick and convenient. I received the funds within 10 minutes. What I appreciated most was the flexibility in managing the loan. The overall experience was well-suited to my situation.

Harsh Gupta

November 26, 2025

I selected this loan because it matched my financial need, and the journey was easy from beginning to end. The zero-foreclosure fee was a huge advantage. The flexibility in repayments allowed me to plan my payments in a way that worked best for me, without unnecessary pressure.

Nisha Pathak

November 25, 2025

I took this loan because it supported my financial requirements and the overall experience was smooth and reassuring. The digital process ensured I didn’t have to make any visits to the bank to get the funds. The flexible EMI options helped me manage my repayments better while maintaining balance with my other financial responsibilities.

Aditya Menon

November 24, 2025

I chose this loan because it suited my requirement, and the application process felt convenient and well-structured. The features like competitive interest rates and flexible repayment schedules were supportive throughout, and they helped me manage the loan in an organised and confident manner.

Shreya Joshi

November 22, 2025

I selected this loan because it fit my requirement and the experience remained smooth throughout. The funds were disbursed immediately without any lengthy procedures or offline paperwork. The practical features and digital application made managing the loan straightforward, and the journey felt easy and well-handled from start to finish.

Meera Shukla

November 21, 2025

I went with this loan for my home renovation, and the process included only a few taps on the screen. With zero physical documentation, I got the funds disbursed into my account within 10 minutes. The flexible repayment schedule enhanced the overall experience and made it simpler for me to manage the loan with confidence.

Tanvi Reddy

November 18, 2025

I started with my home renovation, but during the process the expenses went overboard. To meet the sudden shortfall, I opted for IDFC FIRST Bank’s FIRSTmoney personal loan and found the application process to be smooth and well-organised. I got my funds in no time and could continue with my home renovation seamlessly. The flexibility, pricing, and features were transparently stated before I completed my loan application within minutes, which made handling the loan much more easier.

Akash Trivedi

November 17, 2025

The entire loan experience with FIRSTmoney was seamless. It took barely 15 minutes for approval and the amount was credited instantly. The flexibility to withdraw funds as needed and zero foreclosure charges were a big plus. I’ve already recommended it to friends—it’s perfect for quick, digital financial assistance.

Harish M

June 13, 2025

I opted for the FIRSTmoney Personal Loan because of the zero paperwork and super-fast processing. Within minutes, the money was in my account. No lock-in period and complete repayment flexibility made it even more convenient. This is one of the most efficient loan products I’ve come across.

Ramesh Tiwari

June 19, 2025

I was impressed with the service, when I received a FIRSTmoney Personal Loan offer, I did not think twice. The process was smooth and completed in 10 minutes. Foreclosure flexibility and ease of fund withdrawal were key highlights.

Asvinth S

June 11, 2025

What I loved about the FIRSTmoney loan was the instant disbursement and digital application process. It didn’t take more than 15 minutes to get things done. I could repay early without worrying about foreclosure charges. It’s perfect for people like me who value both speed and transparency.

Aakash Reddy

May 19, 2025

The FIRSTmoney loan process was so simple that I didn’t feel like I was applying for a loan at all. I got my funds instantly and had complete flexibility to withdraw as per my needs. The interest rates were competitive too. Truly a stress-free borrowing experience!

Deepak Mishra

May 20, 2025

I was in urgent need of funds and FIRSTmoney delivered instantly. The loan was approved digitally, disbursed quickly, and came with no foreclosure charges. I also liked that I could use only what I needed and repay accordingly. It’s a must-have financial cushion for working professionals.

Satyam Jain

June 29, 2025

I was amazed by the fast approval and zero physical documentation. The loan amount suited my needs and was disbursed without delays. What sets FIRSTmoney apart is the freedom to withdraw funds flexibly and repay early without any penalties. I’ve already suggested it to my peers.

Mohit Shetty

May 31, 2025

This is the most convenient personal loan I’ve ever taken. The process was completely digital and took less than 20 minutes. I especially liked they didn’t charge any foreclosure charges and the fact that I could use only the funds I needed. It gave me both flexibility and control.

Kunal Chopra

June 7, 2025

The FIRSTmoney Personal Loan is ideal for urgent needs. I applied and received my funds on the same day. No branch visit, no paperwork, and no hidden costs. The best part is the flexible withdrawal facility, which helped me manage my expenses smartly.

Sahil Bhargav

May 31, 2025

I needed funds for a medical emergency and the quick response from FIRSTmoney was really commendable. The process was done in no time, and I had the amount in my account instantly. The product gives you flexibility to use funds as per your needs and even prepay the loan without any extra charges.

Naveen Raj

May 27, 2025

The reason I trust FIRSTmoney is the ease and transparency of the process. I could apply digitally, track everything online, and the money was credited instantly. Zero foreclosure charges gave me peace of mind. This is how modern lending should work!

Parag Mehta

June 30, 2025

I’ve dealt with personal loans before, but none were this simple. FIRSTmoney gave me instant access to funds with no hassles. I especially appreciated the no-lock-in period and low interest rates. The entire experience was smooth and customer-friendly from start to finish.

Yashwant K

May 21, 2025

I chose the FIRSTmoney Smart Personal Loan from IDFC FIRST Bank for its quick and smooth process, along with lower processing fees. The approval was faster than expected, and the flexibility to withdraw funds during emergencies, like hospital bills, was incredibly helpful. Additional withdrawals were easy and convenient, making it a hassle-free experience.

Mr. Rohan Mascarenhas

December 11, 2024

When I faced an emergency, the FIRSTmoney Smart Personal Loan from IDFC FIRST Bank was the perfect solution. I spotted the offer in their app and was impressed by the quick approval process, low fees, and flexibility to withdraw funds as needed. Even the option of Multiple On demand loans were instant and hassle-free, with no repeated VKYC required.

Mr. Chandan Sarkar

December 16, 2024

I decided on the FIRSTmoney Smart Personal Loan from IDFC FIRST Bank. The process was easy, and the interest rate was lower compared to other options I explored. The quick approval and disbursement added to the convenience, and I appreciated the flexibility it offered.

Mr. Amar Subhash Lohar

December 13, 2024

I chose the FIRSTmoney Smart Personal Loan from IDFC FIRST Bank because of its convenience and 100% paperless process. The approval was quick, and the digital experience made everything seamless. What stood out was the zero foreclosure charges, which made it easier to manage my finances and foreclose the loan without any hassle—something I haven’t seen with other banks. The quick disbursement of funds and overall simplicity of the process were fantastic.

Mr. Santhosh T M

December 11, 2024

I opted for the FIRSTmoney Smart Personal Loan from IDFC FIRST Bank because of its excellent zero foreclosure charges. The process was smooth, fully digital, and much quicker than I expected. Being able to foreclose the loan easily without any charges was a huge advantage and really helped me manage my finances better.

Mr. Senthilkumar

December 17, 2024

Popular Personal Loan FAQs

How can I get multiple on-demand loans from IDFC FIRST Bank?

In case of extra fund requirements, you can avail multiple on-demand loans with IDFC FIRST Bank’s FIRSTmoney. Once you complete the initial KYC and loan approval process, your account qualifies for a loan amount depending on your eligibility. You can obtain this fund all at once or access multiple loans from your approved loan offer without reapplying for a new loan from scratch. This offers flexibility and quicker access to funds as your needs evolve. The best part is that you pay EMIs only on the utilised funds instead of the total approved loan amount.

What is the repayment tenure available for personal loans at IDFC FIRST Bank?

FIRSTmoney offers flexible personal loan tenure options ranging from 9 to 60 months. You can select a tenure that best fits your monthly budget and financial goals. Whether you want smaller EMIs over a longer period or quicker loan closure with a shorter tenure, the choice is yours.

How do I apply for a personal loan through the digital process?

Applying for a FIRSTmoney personal loan is 100% digital. Simply visit the IDFC FIRST Bank website or app, scan the QR code on your desktop or tap the ‘Apply Now’ button on your smartphone, enter your mobile number, check your eligibility, select your loan amount and tenure, complete the VKYC process by displaying your physical PAN card, and receive instant disbursal upon verification in as little as 10 minutes.

How to foreclose an IDFC FIRST Bank Personal Loan?

Foreclosing your FIRSTmoney personal loan is simple. Just log in to your loan account online, check your outstanding balance, and pay the full amount. Since there are no foreclosure charges on FIRSTmoney smart personal loans, you won’t pay any extra fees. Once the payment is processed, your loan account will be marked as closed, and you’ll receive a loan closure certificate.

What factors determine my eligibility for a personal loan?

Several factors impact your eligibility for a personal loan:

• Your CIBIL score (preferably 710+)
• Monthly income and job stability
• Existing EMIs and debt obligations
• Age and employment type (salaried or self-employed)

Why is the active loan offer not revised immediately after paying an EMI?

As per the bank’s policy, your active loan offer will only be revised after the full repayment of the running loan amounts. Once you pay off the EMIs of the borrowed amount, the approved amount will be replenished to the initial principal loan amount.

For instance, if you get an approved loan offer of ₹5 lakhs and withdraw ₹1 lakh, you will have access to funds of ₹4 lakhs (subject to T&C). However, until the 1 lakh amount and the associated interest are paid off fully, your approved loan offer won’t revert to ₹5 lakhs.

Can I get a personal loan using only my PAN card?

With FIRSTmoney, you only need your PAN card during the VKYC (Video KYC) process. This reduces the document verification time and offers instant approvals to meet your urgent needs.

How to settle a personal loan?

To settle your loan, repay the entire outstanding principal and the part-period interest. You can either make a full payment to foreclose or pay off missed EMIs to regularize the account. Always settle through official channels and request a loan settlement certificate for your records.

Can I get a fixed-rate personal loan?

Yes, FIRSTmoney offers fixed-rate personal loans with a reducing balance, where your interest rate remains the same throughout the tenure. This ensures predictable EMIs and better financial planning without any rate fluctuations. With FIRSTmoney, you also enjoy benefits like multiple on-demand loan amounts, paying EMIs only on the used funds, and zero foreclosure charges to close your loan anytime.

What is a personal loan?

A personal loan is a type of unsecured loan provided by banks or online lenders. Unlike secured loans like home loans or car loans, personal loans do not require any collateral. Borrowers receive funds which they repay over time with interest, typically in fixed monthly instalments.

What can a personal loan be used for?

Personal loans are extremely versatile, allowing you to meet your various financial needs. Common uses include covering medical expenses, funding home renovations, paying for weddings or other events, financing travel plans, or even starting a small business. Essentially, they can be utilised for any personal or household expense.

Click here to check EMI calculator for personal loan

How do I check my eligibility for a personal loan?

To determine your eligibility for a personal loan, factors such as your credit score, income, employment status, existing debts, and repayment history are considered. You can check your eligibility by visiting the personal loan section of the IDFC FIRST Bank portal or by using the Personal Loan Eligibility Calculator. This tool requires basic information such as your income, employment details, and existing financial commitments.

How can I change my EMI schedule?

If you wish to modify your EMI schedule for your personal loan, you can contact IDFC FIRST Bank directly. You can contact our customer service by dialling 1800-10-888.

Where can I check my personal loan status?

You can check the status of your FIRSTmoney personal loan application on the application link or track the progress of your existing loan through IDFC FIRST Bank’s Mobile App. Alternatively, you can contact the customer service by dialling 1800-10-888 for assistance in checking your personal loan status.

What is FIRSTmoney?

FIRSTmoney is a Smart Personal Loan, a first-of-its-kind product through which applicants can get up to ₹15 lakhs without any collateral or co-signee. The process is entirely digital, ‘Do-It-Yourself’ without the need for physical documentation.

How do I foreclose the loan?

You can foreclose your loan via the IDFC FIRST Bank mobile app with the following steps: Register using your mobile number & DOB. Under the ‘Loans’ section on the FIRSTmoney dashboard, select ‘Active draw’ Click on ‘Foreclose with 0 Charges’ to proceed with closing your loan. Alternatively, you can contact our customer service by calling 1800-10-889

How is FIRSTmoney Smart Personal Loan better than a regular personal loan?

FIRSTmoney is a smart way to acquire an instant personal loan with zero documentation. You also get to choose your EMI plan as per your convenience and pre-pay or foreclose the loan without any fees or penalties. Here’s how FIRSTmoney is more beneficial than traditional personal loans:

Particulars	Regular Personal Loan (One-time credit)	FIRSTmoney
Time taken for disbursal	2-3 days	Within 10 Minutes
Processing fees	Up to 4%	2%
Foreclosure fees	4-5% of outstanding principal	NIL

Does IDFC FIRST Bank offer monthly reducing rate of interest on FIRSTmoney Smart Personal Loans?

Yes. Monthly reducing rate of interest is a way of computing the interest charged on the reducing rate principle. As the outstanding principal amount reduces, the interest payable on your loan also reduces.

What is the minimum and maximum loan amount offered by FIRSTmoney?

The approved loan offer is determined on the basis of the bank’s internal policies and the creditworthiness of the customer. The minimum loan amount offered is ₹50,000, and the maximum loan amount offered is ₹15 lakhs.

Who can apply for the FIRSTmoney Smart Personal Loan?

IDFC FIRST Bank provides a complete digital experience of availing an online personal loan for salaried and self-employed individuals. Your eligibility depends on your credit score, income, and your existing liabilities, which will be used to ascertain your creditworthiness. The CIBIL score of the applicant should be 710 or more.

For how long is the loan offer valid?

The approved loan offer is available to the customer for a period of 5 years, subject to the Bank’s internal policy and the creditworthiness of the customer. The customer can withdraw, repay or foreclose the loan (without any additional charges) within this period. The approved loan offer may be extended or reduced depending on the customer’s repayment behaviour and credit score.

What are the Do’s and Don’ts to keep in mind when applying for FIRSTmoney Online Personal Loan?

Here are the Do’s and Don’ts for applying for the smart personal loan:

Do's:

• Check if your credit score is at least 710

• Check your eligibility and requisite documentation i.e. Physical PAN for Video KYC

• Ensure a stable internet connection before starting the application process and for the successful completion of Video KYC

• Check if additional charges like processing fees and prepayment charges are applicable. FIRSTmoney instant loan charges zero prepayment fees

Don’ts:

• Forget to check your credit score

• Proceed with the application without calculating your eligibility or charges

Is the information provided by the customer safe with the bank?

The information provided is safe and stored as per RBI guidelines. IDFC FIRST Bank does not provide any sensitive data to any third-party organizations.

How do I download my loan account statement, loan repayment schedule, and check my due date or payment history?

One can download the IDFC FIRST Bank’s mobile App and log in using their mobile number and date of birth. To download loan documents, customers can navigate to the FIRSTmoney dashboard by clicking on the FIRSTmoney card in the 'Loans' section. Under Active loans, click on 'View details' and navigate to 'Loan documents' to download loan-related documents. Additionally, customers can access this section to view all loan-related details like due date and payment history.

What documents are required to apply for a loan?

Enjoy our truly paperless and intuitive digital loan application process. You only need a physical PAN card for completing your Video KYC Verification process – nothing else!

Where can I get my No-Dues certificate from?

You can obtain the No-Dues certificate from the IDFC FIRST Bank mobile app with the following steps:

• Register using mobile number & DOB, if not registered for Mobile Banking Services

• Under the ‘Loans’ section on the FIRSTmoney dashboard, select ‘Fully paid draw’

• Click on ‘View Details’, then on Loan Documents to download NOC

• Alternatively, you can contact our customer service by dialling 1800-10-888

How do I make overdue payments on my Personal Loan?

You can make overdue payments via the IDFC FIRST Bank mobile app with the following steps:

• Register using mobile number & DOB, if not registered for Mobile Banking Services

• Under the Loans section on the FIRSTmoney dashboard, click on ‘Clear Overdue’ to proceed to clear overdue payments

• Alternatively, you can contact our customer service by dialling 1800-10-888

How do I qualify for a personal loan?

To qualify for a personal loan with FIRSTmoney, you must be an Indian resident between 21 and 60 years of age. You should have a regular source of income—either salaried or self-employed—and a CIBIL score of 710 or above. If you meet these basic criteria, you can apply for a personal loan through the FIRSTmoney instant loan app or the official portal for a seamless experience.

Can I pay off a personal loan early?

With FIRSTmoney, you have the flexibility to foreclose your loan amount anytime during your repayment tenure. The best part—there are no additional charges for personal loan foreclosure. This allows you to save on interest and close your loan conveniently.

Can I apply for an instant personal loan with a low credit score?

While you can apply for a personal loan with a low credit score, approval is subject to internal assessment. A low score may affect the loan amount or interest rate. Ideally, maintaining a CIBIL score of 710+ improves your chances for personal loan instant approval through FIRSTmoney.

Are there any additional charges applicable for personal loans pre-closure?

FIRSTmoney does not levy any extra charges for personal loan pre-closure. You can repay your loan amount in full before the tenure ends without incurring any penalties—making it an affordable and transparent option for borrowers.

What is the CIBIL score required to get a personal loan?

You can apply for a personal loan with a CIBIL score above 700 with several lenders. However, the ideal CIBIL score to apply for a personal loan via FIRSTmoney should be 710 or higher. A higher score ensures quicker approvals and better interest rates. You can apply for a loan via the website or the IDFC FIRST Bank mobile app.

Does a personal loan offer tax benefits?

No, in most cases, you do not get tax benefits on a personal loan, unless the amount is used for specific purposes like home renovation or education. For general usage like travel, medical emergencies, or bill payments, no tax deductions are applicable.

Is there any stamp duty applicable for taking a personal loan?

Yes, as per state regulations, stamp duty may be applicable when you apply for a personal loan. However, these charges are nominal and disclosed during FIRSTmoney’s online loan process.

Are GST charges included in the personal loan processing fee?

Yes, applicable GST is added to your loan processing charges. For example, if the processing fee is 2% of the loan amount, 18% GST will be charged on that fee. Make sure to factor in GST while reviewing your final loan cost. Check the latest fees and charges on FIRSTmoney smart personal loans.

Does applying for a personal loan affect my credit score?

Yes, whenever you apply for a personal loan, a hard inquiry is made on your credit profile, which may temporarily reduce your score. However, timely repayments and responsible loan management help improve your credit score over time.

What is credit assessment in a personal loan?

Credit assessment involves reviewing your credit history, income, debt obligations, and financial behaviour to determine your loan eligibility. This process helps the lender offer you a suitable loan amount and interest rate with personalized terms.

Can I apply for a personal loan through net banking?

Yes, if you're an existing IDFC FIRST Bank customer, you can apply for a personal loan through net banking. The platform may show you pre-approved or personalized loan offers based on your account history and eligibility. The process is 100% digital and takes only a few minutes to disburse funds into your bank account.

How to download a personal loan statement?

Log in to your IDFC FIRST Bank loan account via the official website or the IDFC FIRST Bank mobile app. Navigate to ‘Loan Statement’ and download your account summary, EMI schedule, and interest certificate instantly. These documents help with tax planning and financial management.

Can I get a loan with just a PAN & Aadhar number?

Some banks may offer a loan if your Aadhaar is linked to your mobile and PAN, so you should check the documents required with the bank you are applying to. You can complete the video KYC process and apply for a personal loan online without submitting physical documents. However, with FIRSTmoney, you only need your valid Aadhar number & physical PAN card during the video KYC process to apply for a personal loan.

Is insurance mandatory for a personal loan?

No, taking loan insurance is optional, though it is recommended for protection in case of job loss, illness, or unforeseen events. If offered, you may opt for it after reading the terms and understanding the premium impact on your EMI.

Is it safe to take a personal loan online?

Yes, IDFC FIRST Bank’s FIRSTmoney offers a secure platform to apply for a personal loan. With end-to-end encryption, OTP verification, and secure video KYC, your data and transactions are well protected. Always use trusted sources to apply for a loan and avoid sharing credentials elsewhere.

What factors affect personal loan interest rates?

Your credit score, loan amount, tenure, income level, and repayment history influence your interest rate. With FIRSTmoney, personal loan interest rates start at just 9.99%* p.a. for eligible customers.

What happens if a personal loan EMI bounces?

An EMI bounce may attract bounce charges, negatively affect your credit score, and trigger reminders from the bank. Repeated missed payments may lead to legal recovery action. It is always advisable to set an auto-debit and ensure a sufficient balance before the due date.

IDFC FIRST Bank’s FIRSTmoney offers flexible tenures ranging from 9 months to 60 months to help you plan your finances effectively so that you pay EMIs on time and avoid unnecessary penalties.

How is the interest calculated on a personal loan at 9.99% p.a.?

IDFC FIRST Bank calculates interest for FIRSTmoney personal loan on a reducing balance basis. This means interest is charged only on the outstanding principal after each EMI payment, not on the original loan amount throughout the tenure. As you repay, the interest component reduces and the principal component increases, making it a more cost-effective method for availing an instant loan at competitive rates.

Can I get a personal loan online with bad credit at 9.99% p.a.?

Applying for a Personal Loan with a low credit score is possible, though approval depends on an internal assessment. A lower score may reduce the eligible loan amount or result in a higher interest rate.

IDFC FIRST Bank requires a credit score of 710+ for salaried and 760+ for salaried to be eligible for FIRSTmoney personal loan. Improving your credit profile before applying for an instant personal loan is advisable.

What are the benefits of choosing a personal loan online over traditional loans?

IDFC FIRST Bank's FIRSTmoney online personal loan offers a 100% digital process with no paperwork, no document uploads, and disbursal in as little as 10 minutes. You also benefit from zero foreclosure charges, processing fees starting from 0% on select loan amounts, interest rates starting from 9.99% p.a., and flexible tenures ranging from 9 to 60 months, making it a far more convenient alternative to other personal loan options.

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Choose your personal loan amount with FIRSTmoney

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Need up to ₹1 crore? Apply for our Personal Loans with minimal documentation

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Different Types of Personal Loan for you

Travel Loan

With competitive rates and flexible terms, a FIRSTmoney Smart Personal Loan empowers you to book premium accommodations, indulge in once-in-a-lifetime experiences, and create unforgettable memories without compromise. Apply for a travel loan seamlessly on an end-to-end digital journey and make Instant bookings without dipping into your savings.

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Emergency Loan

In times of financial emergencies, FIRSTmoney Smart Personal Loan stands as a beacon of stability and support. Instead of depleting your savings or tapping into your investment accounts, this smart personal loan enables you to preserve your financial reserves for long-term goals. Here's how our emergency loan can be a lifeline during uncertain exigencies.

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Wedding Loan

Make your wedding dreams a reality with our smart personal loan for weddings designed exclusively for those who deserve it the most. Rather than depleting your savings or resorting to high-interest credit cards, a FIRSTmoney Smart Personal Loan allows you to maintain financial stability as you start a new chapter of your life.

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Medical Loan

Medical emergencies often come with unexpected expenses and a personal loan can offer access to quick funds. You get the financial flexibility to explore various treatment options, including specialists & alternative therapies ensuring that you can pursue the best possible care for yourself or your loved ones. FIRSTmoney – our smart personal loan for medical expense, offers invaluable support and peace of mind during medical emergencies

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Home Improvement Loan

Renovating your home or any structural upgrades can put a significant financial strain on your savings and personal loan proves to be a reliable solution. Manage and plan your home improvement expenses depending on your needs with home renovation loan.

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Avail Low Interest Personal Loans in Your City

Apply for a Personal Loan online in select major cities and get quick access to the funds you need. Enjoy a seamless digital process from application to approval, with minimal documentation. Get the loan amount credited to your account effortlessly and meet your financial needs with ease.

Apply for a personal loan based on your salary

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₹30,000 salary

Personal loan for
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Personal loan for
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IDFC FIRST Bank Mobile App

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Apply for an Online Personal Loan Starting at 9.99%* p.a.

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Instant Personal Loan Online: FIRSTmoney

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Interest Rates & Charges for Personal Loan

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Tips to smartly use your Personal Loan

Tip 1

Plan your repayment before borrowing

Tip 2

Use it only when you really need it

Tip 3

Avoid depending on loans frequently

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Popular Personal Loan FAQs

How can I get multiple on-demand loans from IDFC FIRST Bank?

What is the repayment tenure available for personal loans at IDFC FIRST Bank?

How do I apply for a personal loan through the digital process?

How to foreclose an IDFC FIRST Bank Personal Loan?

What factors determine my eligibility for a personal loan?

Why is the active loan offer not revised immediately after paying an EMI?

Can I get a personal loan using only my PAN card?

How to settle a personal loan?

Can I get a fixed-rate personal loan?

What is a personal loan?

What can a personal loan be used for?

How do I check my eligibility for a personal loan?

How can I change my EMI schedule?

Where can I check my personal loan status?

What is FIRSTmoney?

How do I foreclose the loan?

How is FIRSTmoney Smart Personal Loan better than a regular personal loan?

Does IDFC FIRST Bank offer monthly reducing rate of interest on FIRSTmoney Smart Personal Loans?

What is the minimum and maximum loan amount offered by FIRSTmoney?

Who can apply for the FIRSTmoney Smart Personal Loan?

For how long is the loan offer valid?

What are the Do’s and Don’ts to keep in mind when applying for FIRSTmoney Online Personal Loan?

Is the information provided by the customer safe with the bank?

How do I download my loan account statement, loan repayment schedule, and check my due date or payment history?

What documents are required to apply for a loan?

Where can I get my No-Dues certificate from?

How do I make overdue payments on my Personal Loan?

How do I qualify for a personal loan?

Can I pay off a personal loan early?

Can I apply for an instant personal loan with a low credit score?

Are there any additional charges applicable for personal loans pre-closure?