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Introducing the First-in-industry IDFC FIRST Bank's Super Account
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You gain a dedicated partner committed to helping you reach your full potential and achieve new heights
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BRAVO (Auto Sweep)
Convert the idle funds in your current account into a fixed deposit with the BRAVO feature.
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Instant ₹12 Lakh Personal Loan Online
Fast, flexible, and 100% digital personal loan for your big life goals
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Personal Loan EMI Calculator
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
Apply for a ₹12 Lakh Instant Personal Loan
Urgent money requirement can occur anytime and can include anything from sudden hospital fees to home repairs or travel. With FIRSTmoney, you can avail a personal loan of ₹12 lakhs via an entirely digital application. You can select your loan amount and a suitable repayment period, without worrying about foreclosure charges, giving you more independence than ever to chase your aspirations without draining your savings. Apply online in 5 minutes and experience smart borrowing in real time.
Benefits of a ₹12 Lakh Personal Loan with FIRSTmoney
Plan smarter with the assistance of a personal loan calculator and experience the unmatched convenience of borrowing with IDFC FIRST Bank’s FIRSTmoney smart personal loan. Enjoy facilities conceived out of flexibility, transparency, and convenience.
Instant Disbursal & Fast Approval
Get a ₹12 lakh loan approved and disbursed in 10 minutes through a 100% digital application.
Flexible Repayment Terms
Select repayment durations of 9 to 60 months to suit your convenience.
Zero Foreclosure Fees
Repay your FIRSTmoney loan whenever you wish without fear of any penalties or additional charges.
Multiple On-Demand Loans
Get access to additional funds immediately whenever needed without submitting a new application all over again.
Competitive Interest Rates
Get competitive interest rates from 9.99% p.a., within your budget over the loan tenure.
Paperless Process
Apply online with just your Aadhaar card number and PAN card through an easy video KYC process.
How to Apply for a ₹12 Lakh Personal Loan
Click on Apply Now on web or app.
Register using your basic details.
Select your loan amount and repayment period.
Complete the video KYC process by showing your PAN card.
The money gets credited to your account within 10 minutes on successful verification
Personal Loan Eligibility and Documentation
Eligibility criteria
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Documents Needed:
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How to Calculate your Personal Loan EMI
Estimate your EMIs using the personal loan calculator on the FIRSTmoney website. Just fill in your loan amount, interest rate, and repayment tenure.
This enables you to schedule your repayments effectively and budget your monthly spending more effectively.
Here’s an EMI table to illustrate your loan structure.
| Loan Amount (₹) | Interest Rate (p.a) | Tenure | Approx EMI (₹) |
| ₹12,00,000 | 9.99% | 1 year | 105,493 |
| ₹12,00,000 | 9.99% | 2 years | 55,368 |
| ₹12,00,000 | 9.99% | 3 years | 38,715 |
| ₹12,00,000 | 9.99% | 4 years | 30,429 |
| ₹12,00,000 | 9.99% | 5 years | 25,491 |
Frequently Asked Questions
Are there any foreclosure benefits for a FIRSTmoney loan of ₹12 lakhs?
Yes. FIRSTmoney personal loans do not charge any foreclosure fees, and hence you can close your loan ahead of schedule without paying any foreclosure charges.
How can I calculate the EMIs for a loan of ₹12 lakhs?
You may use the personal loan calculator or EMI calculator on the FIRSTmoney website to get an approximate EMI calculation.
What is the minimum income required to apply for a ₹12 lakh personal loan
For a FIRSTmoney personal loan, a monthly salary of at least ₹10,000 is required. However, a higher income and better credit score can improve your prospects and make you eligible for higher loan amounts.
What is the repayment tenure available for a ₹12 lakh personal loan?
You can opt for flexible repayment tenures ranging from 9 months to 60 months, according to your convenience.
Can I get a ₹12 lakh personal loan without collateral?
Yes. FIRSTmoney personal loans are unsecured, and thus you can get loans up to ₹12 lakh without any collateral or security.
How quickly are ₹12 lakh personal loans approved and disbursed?
With IDFC FIRST Bank, your ₹12 lakh personal loan can be approved and disbursed within 10 minutes.
