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₹10 Lakh Personal Loan for Every Need
Get instant funds for weddings, travel and more. Apply online with instant approvals.
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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. **For select loan amounts
₹10 Lakh Personal Loan with FIRSTmoney
Are you planning a dream vacation, looking to renovate your home, or managing unexpected medical expenses? IDFC FIRST Bank’s FIRSTmoney smart personal loan of ₹10 lakh can be your financial saviour, providing the flexibility required to meet various expenses effortlessly.
With FIRSTmoney's innovative smart personal loan, you can access funds of up to ₹10 lakhs quickly and efficiently, ensuring that your financial needs are met without any undue stress. The fully digital process, coupled with attractive features like multiple on-demand loans with just a single loan application, flexible repayment options, zero foreclosure charges, and a swift disbursal process, ensures that you get the funds you need with ease and convenience.
Benefits of a ₹10 lakh personal loan with FIRSTmoney
Zero Foreclosure Charges
With FIRSTmoney, you can foreclose your ₹10 lakh personal loan anytime without any charges.
100% Digital Process
Get instant loan approval with 100% online application without any paperwork or collateral.
Multiple On-Demand Loans
Access more funds whenever you need without reapplying. Pay interest only on the amount you use.
Flexible Repayment
Repay your ₹10 lakh personal loan flexibly by choosing a preferred tenure between 9 months to 60 months.
Instant Disbursal
Get ₹10 lakh loan amount disbursed to your bank account instantly under 10 minutes.
Personal Loan Eligibility and Documentation
Eligibility criteria for a ₹10 lakh personal loan
FIRSTmoney smart personal loans are available to individuals with a good credit score. Here are the basic eligibility requirements.
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Documents required for a ₹10 Lakh personal loan
To apply for a ₹10 lakh personal loan from FIRSTmoney, all you need is to present your Aadhaar card number and physical PAN card at the time of completing the video KYC process.
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₹10 lakh personal loan: EMI overview and repayment insights
Before applying for a ₹10 lakh personal loan, it's helpful to estimate your monthly instalments. A personal loan EMI calculator helps you adjust your loan amount and tenure to arrive at an EMI that aligns with your income and financial comfort.
The values below are calculated at an interest rate of 9.99% p.a. using the reducing balance method, ensuring clarity on how your repayment progresses over time. The reducing balance method helps you save more on interest cost, as it is determined based on the outstanding principal balance instead of the initial loan amount. The table below indicates your EMI ₹10 lakh personal loan for various tenures.
| Loan Amount | Interest Rate | Tenure | Approx EMI |
| ₹10,00,000 | 9.99% p.a. | 1 year | ₹87,911 |
| ₹10,00,000 | 9.99% p.a. | 2 years | ₹46,140 |
| ₹10,00,000 | 9.99% p.a. | 3 years | ₹32,262 |
| ₹10,00,000 | 9.99% p.a. | 4 years | ₹25,358 |
| ₹10,00,000 | 9.99% p.a. | 5 years | ₹21,242 |
How to apply for ₹10 lakh personal loan using FIRSTmoney?
Click on 'Apply Now' or Scan the QR Code
Enter your details and verify your mobile number
Select the loan amount of your choice starting from ₹50,000 up to your approved loan amount and choose flexible repayment terms.
Link your bank account where you wish the funds to be disbursed.
Complete the video KYC verification process with your Aadhaar card number and physical PAN card.
Interest Rates & Charges for Personal Loan
Interest Rates & Charges for Personal Loan
Low Interest Rate
Starting from 9.99% p.a
Know more about Personal Loan Interest Rates
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
Frequently Asked Questions
What is the eligibility criteria for availing a FIRSTmoney loan?
The eligibility criteria for ₹10 lakh loans typically include factors such as your age, income, employment status, and credit score. To qualify for a FIRSTmoney loan, you must be between 21 to 60 years old, be a salaried or self-employed individual earning a stable income, and possess a good credit score of 710 and above.
Do I need to provide collateral to get a ₹10 Lakh loan?
No, instant personal loans are unsecured, meaning you do not need to provide any collateral or security to avail them. This reduces the documentation and processing time, making it a convenient option for those in need of quick funds.
How can I calculate my monthly EMIs for a personal loan?
You can easily calculate your monthly EMIs using a personal loan EMI calculator. Simply input the loan amount, tenure, and interest rate, and the calculator will provide you with the EMI amount, helping you plan your repayment effectively.
Choose your personal loan amount with FIRSTmoney
Different Types of Personal Loan for you
Travel Loan
Turn your travel dreams into reality with FIRSTmoney smart personal loans. From luxury getaways to bucket-list adventures, get funds for them all at competitive rates and convenient repayment options. Enjoy a seamless digital journey and book your trip instantly—while keeping your savings intact.
Emergency Loan
When urgent expenses arise, you can rely on a FIRSTmoney smart personal loan for instant support. Keep your long-term savings secure while handling short-term financial challenges. See why an emergency loan is the smart choice for managing unexpected situations.
Wedding Loan
Begin your happily-ever-after without financial worries. FIRSTmoney smart personal loan for weddings helps you plan the celebration you’ve always wanted—while safeguarding your savings and future goals. Say ‘yes’ to your dream wedding stress-free.
Medical Loan
Health crises often come unannounced, but you can be prepared with a FIRSTmoney smart personal loan. Access immediate funds and enjoy the freedom to choose advanced treatments or specialized care. Ensure the best for you and your family without worrying about financial hurdles.
Home Improvement Loan
Turn your living space into the home you’ve always wanted with FIRSTmoney. Whether it’s modern upgrades or essential repairs, a home renovation loan gives you the flexibility to fund your plans without compromising your financial stability. Apply now and renovate stress-free.
Personal Loan Tips & Insights: Your Guide to Smarter Borrowing
Prepayment of personal loans: What you need to know before repaying your dues early
01 July 2025 | 5 mins read
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