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Introducing the First-in-industry IDFC FIRST Bank's Super Account
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Convert the idle funds in your current account into a fixed deposit with the BRAVO feature.
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Instant ₹15 Lakh Personal Loan Online
Fast, flexible, and 100% digital personal loan with quick approvals and easy repayment options.
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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 ₹15 Lakh Personal Loan Instantly
Whether you’re planning a wedding, home renovation, or, a family trip, a FIRSTmoney personal loan helps you manage expenses with ease. With IDFC FIRST Bank’s personal loans up to ₹15 lakhs, competitive interest rates, and instant approvals, you get the financial freedom to focus on what truly matters. Enjoy flexible EMIs, fast processing, and complete transparency at every step, no hidden charges, no delays. Apply for personal loan today and experience the ease of a smart, digital borrowing journey.
Benefits of a ₹15 Lakh Personal Loan
Our personal loan EMI calculator informs you about your affordability, whereas our transparent process provides you with maximum savings. The key benefits of a FIRSTmoney loan are:
Instant disbursal
Get money in your account within 10 minutes of the loan sanction.
Zero hidden charges
Prepay your loan anytime without worrying about any additional charges.
Flexible repayment tenures
Choose from flexible repayment tenures between 9 and 60 months.
Competitive interest rates
Avail competitive interest rates starting from 9.99% p.a. in the market.
Top-up option
By linking your bank account via the account aggregator facility, you can get access to additional funds during times of need without going through the application process all over again.
Factors Affecting Personal Loan Eligibility
Different personal and financial factors influence your FIRSTmoney loan eligibility. The following are what make you eligible when using the personal loan EMI calculator to determine your repayment:
Credit score: The higher the CIBIL score, the greater the eligibility to get better interest rates.
Income stability: Regular income increases repayment ability and the chances of a quick loan approval.
Existing liabilities: A lower debt-to-income ratio increases the likelihood of getting a loan approved.
Employment type: Salaried or self-employed with a stable employment history is preferred.
Loan tenure: Shorter tenures may have higher EMIs but less total interest cost.
How to Calculate your Personal Loan EMI"
The below given table gives you an illustration of the EMIs to be paid for a tenure of 5 years and interest rate of 9.99% p.a.
| Loan Amount (₹) | Interest Rate (p.a) | Tenure | Approx EMI (₹) |
| ₹15,00,000 | 9.99% | 1 year | 131,867 |
| ₹15,00,000 | 9.99% | 2 years | 69,120 |
| ₹15,00,000 | 9.99% | 3 years | 48,394 |
| ₹15,00,000 | 9.99% | 4 years | 38,037 |
| ₹15,00,000 | 9.99% | 5 years | 31,863 |
Steps to Apply for a ₹15 Lakh Personal Loan
Click on the ‘Apply Now’ button to begin the process.
Fill in the online application form with details such as your mobile number, DOB, Aadhaar number, and PAN number to complete basic registration.
Provide and confirm your basic details to check your loan eligibility.
Select the loan amount and repayment tenure, then link your primary bank account.
After verification, the approved loan amount is disbursed directly to your bank account within 10 minutes, giving you quick and easy access to funds.
Documents & Eligibility Criteria
Eligibility Criteria
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Documents Needed
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Things to know about Personal Loan
Tips to Get a ₹15 Lakh Personal Loan
To increase your chances of a FIRSTmoney loan approval, the following tips will be useful:
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What Can a ₹15 Lakh Personal Loan Be Used For?
A ₹15 lakh personal loan can be used for numerous purposes — from meeting emergencies to fulfilling aspirations. You can use it for:
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Frequently Asked Questions
What is the maximum repayment tenure for a ₹15 lakh personal loan?
You can opt for a repayment tenure ranging from 9 to 60 months based on your income and eligibility. Flexible tenures from FIRSTmoney ensure you strike an effective balance between your EMIs and interest costs.
Can self-employed individuals apply for a ₹15 lakh personal loan?
Yes. Self-employed professionals and business owners can apply for a FIRSTmoney smart personal loan, based on the eligibility parameters.
Can I get a ₹15 lakh personal loan without income proof?
Digital-first lenders like IDFC FIRST Bank offer a ₹15 lakh personal loan without any paperwork or document uploads. All you need is your PAN and Aadhaar number for application and your original PAN card for video KYC.
