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Get Instant ₹1 Lakh Personal Loan Online
Manage urgent expenses easily with a fast, digital personal loan from IDFC FIRST Bank.
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1 Lakh 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. **For select loan amounts
How to get a ₹1 Lakh Personal Loan instantly
A ₹1 lakh loan is an ideal solution when you need quick funds for short-term or planned expenses. Whether it is a medical emergency, education fees, travel costs, or household needs, IDFC FIRST Bank’s FIRSTmoney lets you access funds instantly through a fully digital and transparent process. With minimal documentation, competitive interest rates starting at 9.99%, and quick disbursals, you can meet your financial requirements without disturbing your savings or long-term plans.
How can a ₹1 lakh personal loan from FIRSTmoney benefit you?
Before you apply for a personal loan, it is important to understand how the loan supports your financial needs.
100% Digital Process
No paperwork and no branch visits required. The entire FIRSTmoney personal loan journey is fully online, from application to approval. Apply at your convenience, check your customised offer instantly, and complete the process in just a few simple steps.
Zero Foreclosure Fees
Repay early without added burden. FIRSTmoney lets you foreclose your personal loan before the chosen tenure ends without any additional charges, allowing you to reduce your outstanding dues faster and save on extra costs.
Low Interest Rates
Affordability plays an important role when you borrow. With FIRSTmoney, you can access a personal loan with interest rates starting at 9.99% p.a., helping you maintain comfortable EMIs and plan your finances better for both short-term needs and long-term goals.
Multiple on-demand loans
Enjoy additional funds from your pre-approved loan amount with just a tap. No need to go through the hassles of a new application from scratch. Access funds, repay them in EMIs or foreclose them anytime without any penalties.
Flexible Repayment Options
Your repayment schedule stays in your control. FIRSTmoney offers flexible tenures (from 9 months to 60 months) and allows you to choose an EMI date between the 3rd and the 8th of every month, making monthly budgeting easier and more predictable.
Instant Fund Disbursal
When you need funds quickly, delays should not hold you back. FIRSTmoney offers instant approvals and rapid processing, with the approved loan amount credited to your account within 10 minutes through a secure, digital-first experience.
Why should you choose a ₹1 Lakh Personal Loan from IDFC FIRST Bank?
FIRSTmoney personal loans combine speed, flexibility, and transparency, making them suitable for small-ticket borrowing needs.
• Quick Digital Process: Experience a seamless end-to-end online journey with instant eligibility check and real-time application tracking.
• Competitive Interest Rates: Enjoy attractive personal loan interest rate, starting from 9.99% p.a. (subject to eligibility).
• Flexible Tenure Options: Use the personal loan EMI calculator to choose a repayment period, ranging from 9 months to 60 months, aligned with your income.
• Transparent Charges: All applicable fees and costs are clearly disclosed before loan disbursal.
• Fast Disbursal: Approved funds are credited directly to your bank account, often within 10 minutes.
• Easy On-Demand Loan: Access additional funds within your approved loan amount without restarting the entire application process.
How much is the EMI for ₹1 lakh personal loan?
For a ₹1 lakh personal loan, your EMI can start from ₹2,124/month (for a 5-year tenure at 9.99% p.a.). The EMI for a ₹1,00,000 personal loan through FIRSTmoney is calculated using the reducing balance method, where interest is charged only on the outstanding principal after every EMI payment. As you continue repaying, a higher portion of each EMI goes towards the principal, while the interest portion reduces gradually. This ensures better savings on interest over the loan tenure and keeps repayments structured.
To plan better, you can use the personal loan EMI calculator and check multiple tenure options to find an EMI that suits your monthly income and cash flow.
Here’s a quick estimate of EMIs for different tenures:
| Loan Amount (₹) | Interest Rate (p.a.) | Tenure | Approx EMI (₹) |
| ₹1,00,000 | 9.99% | 1 year | ₹8,791 |
| ₹1,00,000 | 9.99% | 2 years | ₹4,614 |
| ₹1,00,000 | 9.99% | 3 years | ₹3,226 |
| ₹1,00,000 | 9.99% | 4 years | ₹2,536 |
| ₹1,00,000 | 9.99% | 5 years | ₹2,124 |
What can a ₹1 Lakh personal loan be used for?
A ₹1,00,000 personal loan can help you manage both urgent and planned expenses as follows:
| Category of Need | How It Helps |
| Medical Emergencies | Covers hospital bills and urgent surgery costs instantly. |
| Education & Certifications | Pays for course fees, exam registrations, or professional upskilling programmes. |
| Travel Expenses | Funds flight tickets, accommodation, and other trip-related costs. |
| Home Repair | Manages essential maintenance, renovation, or appliance replacements. |
| Electronics Purchase | Enables purchase of laptops, smartphones, or essential gadgets. |
| Wedding Expenses | Supports venue bookings, décor, or other celebration-related payments. |
| Debt Consolidation | Helps combine smaller high-interest dues like credit card bills into a single manageable EMI. |
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Are you eligible for a ₹1 lakh personal loan?
Personal loan eligibility
You can apply for a ₹1 lakh loan if you meet the following criteria:
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Documents Required
To apply for ₹1 lakh personal loan, simply keep the following handy-
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How to Apply for Personal Loan Step-by-Step Guide
Step 1
Click on the ‘Apply Now’ button
Step 2
Register using basic details
Step 3
Choose your loan preferences, including the amount and EMI plan
Step 4
Link your bank account where you wish the funds to be disbursed
Step 5
Complete the video KYC by showing your physical PAN card
What are the Interest Rates & Charges for a Personal Loan
Low interest rate
Starting from 9.99% p.a.
Know more about Personal Loan Interest Rates
Processing fee
Processing fee starts @0% for select loan amounts
[View fees & charges]
Flexible loan tenures
9 to 60 months
Do’s and Don’ts about Personal Loan
Do's
- Borrow only what you need
- Compare lenders and interest rates
- Use an EMI calculator before applying
- Check all the applicable loan charges upfront
- Pay your EMIs on time
Don’ts
- Avoid over-borrowing
- Do not miss EMI payments
- Do not ignore the loan terms and key fact sheet
- Avoid using loans for non-essential expenses
- Do not apply with multiple lenders simultaneously
Tips to use your Personal Loan safely
Tip 1
Keep an emergency buffer
Set aside a small portion of the loan amount as an emergency fund. This can act as a financial cushion to handle unforeseen expenses without affecting your repayments.
Tip 2
Choose a comfortable EMI
Opt for an EMI that you can comfortably repay every month, without stretching your budget.
Tip 3
Track your loan regularly
Monitor your outstanding balance, repayment schedule, and statements to stay in control of your finances.
Frequently Asked Questions
Who can apply for a ₹1 lakh personal loan?
Any eligible salaried or self-employed individual with a stable income and a credit score above 710 can apply for an instant ₹1 lakh loan from FIRSTmoney.
How quickly will I receive the ₹1 lakh loan amount?
Once your application is approved and verification is completed, the amount of one lakh loan is typically credited to your account within 10 minutes.
What will be the EMI for a ₹1 lakh personal loan?
If you borrow ₹1,00,000 from FIRSTmoney at an interest rate of 9.99% p.a. for a tenure of 5 years, your approximate EMI would be ₹2,124 per month. The total repayment over 5 years would be around ₹1,27,440, including interest. However, the EMI depends on the interest rate offered and the tenure you choose. You can calculate the precise EMI using the IDFC FIRST Bank personal loan EMI calculator.
Can I repay my ₹1 lakh loan early?
FIRSTmoney allows early personal loan closure without any foreclosure charges, helping you save on interest.
Are there any hidden charges on a ₹1 lakh personal loan?
All applicable fees, interest rates, and charges are transparently disclosed before loan disbursal. Check latest fees and charges here.
Choose your personal loan amount with FIRSTmoney
What are the different types of Personal Loan
Instant Cash Loan
Unexpected expenses like urgent appliance fixes, small family events, or sudden purchases can disrupt your budget. FIRSTmoney’s instant cash loan offers quick funds without collateral or paperwork. With an online process, fast approvals, transparent charges, flexible EMI options, and the ability to foreclose early, you can stay financially prepared for short-notice needs.
Home Improvement Loan
Planning to upgrade your home? Whether it’s a small kitchen refresh, new furniture, or minor repairs and painting, FIRSTmoney’s home improvement loan helps you cover renovation costs with ease. The application is fully digital for faster processing, while competitive rates and flexible tenures keep repayment smooth and manageable.
Travel Personal Loan
Turn your travel plans into reality with FIRSTmoney’s personal loan for travel. Whether you’re booking flights, accommodation, or planning experiences, this loan helps you manage trip expenses without a financial strain. The digital application is simple, approvals are fast, and you can focus on your journey while repaying in comfortable monthly instalments.
Emergency Personal Loan
Medical bills, urgent travel, or immediate payments can create pressure on your savings. FIRSTmoney’s emergency personal loan is built to support such situations with quick approvals and 10 minute disbursal into your bank account. With attractive interest rates, easy EMI selection, and zero foreclosure charges, you can handle emergencies confidently without disturbing your investments.
Wedding Personal Loan
A wedding involves many important expenses, from venue bookings to outfits and photography. FIRSTmoney’s wedding personal loan helps you plan smoothly without stretching your monthly budget. With a 100% online process, quick approvals, and instant disbursal, you can manage costs efficiently. Flexible tenures, from 9 months to 60 months, and affordable rates, make repayment convenient.
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