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Flexible Personal Loans in India Up To ₹15 lakh
Get multiple on-demand loans and enjoy repayment flexibility with zero foreclosure charges.
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Flexi 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.
Flexi Personal Loan with Instant Approval & Flexible Withdrawals
A flexi personal loan is designed to help you meet diverse financial needs with greater convenience and ease. Whether you're planning a home renovation, funding higher education, managing medical expenses, financing a wedding, or consolidating existing debt, a flexi loan gives you the flexibility to use the funds for almost any legitimate purpose without the need to pledge collateral.
When choosing a Flexi Personal Loan, consider factors such as the loan amount, interest rate, repayment tenure, processing charges, and the overall borrowing experience. A lender that offers transparent terms, competitive pricing, and flexible repayment options can make it easier to manage your finances throughout the loan tenure.
With FIRSTmoney by IDFC FIRST Bank, eligible borrowers can apply for a personal loan through a 100% digital process and access loans of up to ₹15 lakh. The loan offers interest rates starting from 9.99% p.a., flexible repayment tenures from 9 to 60 months, quick approval and disbursal in as little as 10 minutes for eligible applicants, and zero foreclosure charges. Whether you're meeting planned expenses or responding to unexpected financial needs, FIRSTmoney provides a simple, fast, and hassle-free personal loan experience..
What is a Flexi Loan?
A flexi loan is a dynamic financing option that combines the benefits of a personal loan and the flexibility of obtaining credit on the go. Once approved, you’re granted a loan offer from which you can access funds multiple times, anytime, anywhere, without the hassle of reapplying. Unlike standard loans that disburse a lump sum upfront, a flexi loan lets you use only what you need, when you need it, and pay interest solely on the amount you take.
With FIRSTmoney Smart Personal Loans, this flexibility reaches new heights. Whether it’s an unexpected expense or a planned purchase, FIRSTmoney empowers you to access multiple loans from your approved loan offer, instantly and seamlessly.
Flexi loan interest rate & charges
• Enjoy competitive interest rates: Flexi loans from IDFC FIRST Bank offer competitive interest rates starting from 9.99% p.a. that apply only to the amount you utilise, helping you optimise your borrowing costs.
• No surprises, just transparency: There are no hidden fees, and all charges such as processing fees or applicable taxes are transparently disclosed during application.
• Repay flexibly: You benefit from flexible repayment options up to 60 months that let you manage cash flow better.
• Perfect for any financial need: The overall structure ensures cost-effective borrowing for both planned and unplanned expenses.
Features and Benefits of a Flexi Loan with FIRSTmoney
Here’s why FIRSTmoney stands out as the smartest flexi loan option:
Access Multiple Loans, Anytime, Anywhere
With FIRSTmoney, you’re not limited to a one-time disbursement. Once your loan offer is set up (up to ₹15 lakh based on your creditworthiness), you can tap into funds as many times as you need, starting from as little as ₹10,000, without restarting the application process. Whether you’re at home, at work, or on the go, funds are just a tap away, disbursed instantly.
Pay Interest Only on What You Use
Why pay interest on money you haven’t spent? FIRSTmoney charges interest only on the amount you access, not the entire approved loan offer. This cost-effective feature makes it a smarter alternative to traditional personal loans, helping you save more over time.
No Need to Reapply, Ever
Say goodbye to repetitive paperwork. With FIRSTmoney, your approved loan offer acts as a lifelong financial safety net. Need an instant cash loan for a medical emergency today and a holiday next month? Simply use your existing loan offer, no new applications, no delays.
Flexible Loan Repayment
FIRSTmoney offers repayment tenures ranging from 9 to 60 months, letting you choose an EMI plan that fits your budget. Plus, with zero foreclosure charges, you can repay early whenever you have surplus funds, giving you total control over your finances.
Lightning-Fast, Fully Digital Process
Applying for a FIRSTmoney flexi loan is a breeze. Complete the paperless process online with minimal documentation, just flash your PAN card over a quick video KYC. Get approved in minutes and access funds immediately, making it one of the fastest flexi loan solutions available.
No Foreclosure Charges
With FIRSTmoney, you can prepay the loan in full anytime without paying any foreclosure charges, making the loan cost-effective.
No collateral
Get a personal loan without pledging your property or other valuable assets as security. Access the funds you need without the need for collateral.
Flexi Personal Loan EMI Calculator: Amount-wise & Tenure-wise Breakdown
Check Your Approximate EMI on a Flexi Loan
A Flexi loan charges interest only on what you actually withdraw, but this table still gives you a sense of typical EMI amounts for reference.
| Loan Amount | Tenure | Interest Rate | Processing Fees | Approx EMI |
| 1 Lakh | 24 Months | 9.99% p.a. | 0% | ₹ 4,614 |
| 2 Lakh | ₹ 9,228 | |||
| 3 Lakh | ₹ 13,842 | |||
| 4 Lakh | ₹ 18,456 | |||
| 5 Lakh | ₹ 23,070 | |||
| 1 Lakh | 36 Months | ₹ 3,226 | ||
| 2 Lakh | ₹ 6,452 | |||
| 3 Lakh | ₹ 9,679 | |||
| 4 Lakh | ₹ 12,905 | |||
| 5 Lakh | ₹ 16,131 | |||
| 1 Lakh | 48 Months | ₹ 2,536 | ||
| 2 Lakh | ₹ 5,072 | |||
| 3 Lakh | ₹ 7,607 | |||
| 4 Lakh | ₹ 10,143 | |||
| 5 Lakh | ₹ 12,679 | |||
| 1 Lakh | 60 Months | ₹ 2,124 | ||
| 2 Lakh | ₹ 4,248 | |||
| 3 Lakh | ₹ 6,373 | |||
| 4 Lakh | ₹ 8,497 | |||
| 5 Lakh | ₹ 10,621 |
Flexi Loan Eligibility & Documentation Requirements in India
Flexi Personal Loan Eligibility
To apply successfully for an IDFC FIRST Bank personal loan, ensure you meet the following –
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Flexi Personal Loan Documents Required
Document uploads are not needed. Keep the basics handy –
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How to Apply for a Flexi Loan Online in India 2026
Step 1
Click on ‘Apply Now’
Step 2
Register using your basic details
Step 3
Choose the eligible loan amount and EMI plan
Step 4
Add your bank account for disbursal
Step 5
Show your PAN card during the video KYC
How can you calculate your personal loan EMI?
In a flexi personal loan, your EMI is calculated using the reducing balance method. This means you pay interest only on the amount you still owe. So, while your EMI stays the same, more of it goes toward your principal over time, and the interest keeps getting smaller. Use the EMI calculator to predict your EMI for a particular loan amount and tenure.
Use an EMI calculator to plan repayments
Before one applies for a flexi personal loan, one must calculate repayment liabilities. FIRSTmoney offers an easy-to-use Personal Loan EMI calculator that assists one in calculating monthly EMIs from the loan amount, tenure, and rate of interest.
Why FIRSTmoney Beats Traditional Flexi Loans
While many lenders offer flexi loans, FIRSTmoney takes it a step further with its customer-centric design. Traditional flexi loans may come with hidden fees or rigid terms, but FIRSTmoney ensures transparency, zero foreclosure charges, and a fully digital experience. Plus, the ability to access multiple loans from a single loan offer sets it apart, saving you time and effort.
When should you consider taking a flexi loan?
A flexi loan can be a suitable option when you require financial flexibility with convenient repayment features.
You may consider it in the following situations:
• When your income varies: Ideal for professionals with fluctuating cash flows, allowing flexible withdrawals and repayments.
• For ongoing or uncertain expenses: Useful when exact funding needs are unclear, such as home renovation or business expenses.
• During emergencies: Access funds without the need for reapplication, ensuring immediate financial support.
• To manage cash flow efficiently: With interest applicable on the utilised amount only, helping reduce overall cost.
• When you need repeated access to funds: Ability to withdraw multiple times within the approved offer, without the need for fresh application
Interest Rates & Charges 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 Fees
Zero processing fee requirements (for all loan amounts)
[View fees & charges]
Flexible Loan Tenure
Choose from repayment tenures of 9–60 months
Our App Ratings from 2.64M+ happy users
Do's and Don’ts about Flexi Loan
Do's
- Go through the details of a loan before making a decision
- Choose a tenure that keeps EMIs manageable
- Stay disciplined with repayments
- Check eligibility before applying
- Go digital-first for faster access
Don’ts
- Do not analyse a loan only on the basis of EMI
- Avoid ignoring your credit profile
- Do not rely on loans too frequently
- Avoid incomplete or incorrect details
- Do not skip repayment planning
Things to know about Flexi Loan
Eligibility Criteria
To apply for a flexi loan, you should have a steady income, meet the minimum salary requirement of ₹10,000, and maintain a CIBIL score of 710 or above.
Processing fees & charges
Make sure you review all charges along with interest. Get the best pricing and maximum transparency via FIRSTmoney and plan your loan better.
Interest rates
Interest rates impact both EMI and repayment. FIRSTmoney offers competitive rates starting from 9.99% p.a. for eligible borrowers.
Easy loan comparison
Comparing loans based on rates and terms helps you make better choices. FIRSTmoney provides clear details for easy comparison.
Better financial planning
Flexible repayment options up to 60 months and zero foreclosure charges help you manage your loan without added stress.
Tips to smartly use your Flexi Loan
Tip 1
Set up a practical repayment plan
Make sure you can comfortably manage EMIs throughout the loan period.
Tip 2
Take loans for the right reasons
Flexi loans should help you deal with the exact situations that will benefit from the flexibility.
Tip 3
Limit frequent borrowing decisions
Frequent borrowing can lead to financial strain over time.
Frequently Asked Questions
What is a flexi personal loan?
Flexi personal loan refers to a lending plan whereby borrowers are allowed to opt for an amount from the approved loan and pay interest on the consumed amount only.
How is a flexi loan different from a traditional personal loan?
While a traditional loan gives the entire amount of the loan upfront and collects interest on the total amount, a flexi loan allows customers to get additional loans when required and collects interest on the amount availed.
Can I prepay or make partial payments?
With FIRSTmoney, borrowers can prepay their consumed amounts in full with zero foreclosure benefits, reducing the total interest cost. However, partial payment is not allowed with FIRSTmoney.
What is the interest rate for a flexi loan?
Flexi loan often provides lower personal loan interest rates compared to a conventional personal loan. FIRSTmoney offers competitive interest rates starting from 9.99% p.a. to eligible applicants with flexible repayment schedules ranging from 9 to 60 months.
Are there any hidden fees?
No, FIRSTmoney believes in transparent communication, offers zero foreclosure charges and has no hidden personal loan fees and charges.
Get FIRSTmoney Smart Personal Loan for Different Amounts
Different ways you can use a FIRSTmoney Personal Loan
Wedding loan
Make your big day grand and stress-free with a FIRSTmoney wedding loan. From lavish venues to last-minute vendor payments, we help you handle it all smoothly. Apply in minutes, get funds fast, and focus on the celebration with instant funds.
Travel loans
Whether it’s a weekend getaway or a dream vacation abroad, fund it with ease through a FIRSTmoney travel loan. Cover flights, stays, and sightseeing plans without disturbing your savings. With simple eligibility, quick disbursal, and flexible EMIs, your next adventure is just a few clicks away.
Education loans
Support your academic dreams with a FIRSTmoney education loan. From course fees and books to hostel and travel costs, get funding that covers it all. Quick online application, smooth approvals, and flexible repayment make education more accessible than ever.
Home renovation loans
Transform your house into your dream home with a FIRSTmoney home renovation loan. Whether it's a fresh coat of paint, a modular kitchen, or a full-scale renovation, our loan can ensure your plans move forward without delay. Apply online and upgrade effortlessly.Personal Loan Tips & Insights: Your Guide to Smarter Borrowing
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