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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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funds anytime with complete flexibility.
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.*T&C Apply. **For select loan amounts
Flexi Personal Loan with Flexible Repayments & Instant Approval
Access funds as and when you need them within a pre-qualified loan offer
Looking for a financing solution that adapts to your needs? A flexi loan could be the perfect answer. You can apply for a flexi personal loan to access funds as per your needs without taking a lump sum upfront. Unlike traditional personal loans, a flexi loan offers unmatched flexibility, allowing you to access funds as and when you need them, all within a pre-qualified loan offer. And with FIRSTmoney Smart Personal Loans from IDFC FIRST Bank, you get a revolutionary flexi loan experience designed for convenience, speed, and cost-effectiveness. If you plan to apply for a flexi personal loan, FIRSTmoney offers unmatched flexibility and convenience. Read on to discover why FIRSTmoney is the ultimate choice for your financial freedom.
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 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.
Flexi Loan Eligibility & Documentation Requirements in India
Personal Loan Eligibility
To apply successfully for an IDFC FIRST Bank personal loan, ensure you meet the following –
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Personal Loan Documents Required
Document uploads are not needed. Keep the basics handy –
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Easy Guide on How to Apply for a Personal Loan
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.
Interest Rates & Charges for Personal Loan
Low Interest Rate
Interest rate starts from 9.99% p.a., calculated on a reducing balance basis.
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
Choose from repayment tenures of 9–60 months
Our App Ratings from 2M+ happy users
Do's and Don’ts about Flexi Loan
Do's
- Use only the required amount from your approved offer
- Check all loan details before applying for a flexi loan
- Track withdrawals and repayments via app
- Build disciplined repayment habits
- Foreclose early to reduce interest outgo
Don’ts
- Avoid delaying repayment of utilised amount
- Avoid choosing high EMI for shorter tenure
- Do not ignore repayment commitments
- Do not treat the full approved offer as available funds to use
- Avoid frequent withdrawals without a repayment plan
Things to know about Flexi Loan
Eligibility Criteria
FIRSTmoney personal loans are designed for both salaried and self-employed individuals aged between 21-60 years, with a stable monthly income and having a CIBIL score of 710 or above.
Processing fees & charges
Borrowers should review all applicable charges. FIRSTmoney provides zero processing fees on select loan amounts.
Interest rates
FIRSTmoney offers competitive rates starting from 9.99% p.a. Interest is applicable only on the amount withdrawn, and not on the entire approved loan offer.
Easy loan comparison
Compare features like interest applicability on utilised amount, withdrawal flexibility, tenure, and charges.
Better financial planning
The flexibility to withdraw funds as needed and repay early can help optimise interest costs and improve cash flow management.
Tips to use your Flexi Loan safely
Tip 1
Use the flexi offer strategically
Withdraw only what you need and avoid using the full approved amount unless necessary to keep interest costs lower.
Tip 2
Track both utilisation and repayments
Monitor how much of your approved offer is used and foreclose excess utilised amounts early to reduce interest burden.
Tip 3
Avoid frequent withdrawals without a repayment plan
Repeated usage without discipline can increase your outstanding balance and overall cost.
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 provide lower personal loan interest rates compared to 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 of 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, modular kitchen, or a full-scale renovation, our loan ensures your plans move forward without delay. Apply online and upgrade effortlessly.
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How to Get a Personal Loan with a Low CIBIL Score
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CIBIL score for personal loan: What can an excellent score do for you?
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How to increase CIBIL score and unlock personal loan approval without the stress
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India’s CIBIL Score Decoded: Why 710+ Is the New Gold Standard (and How to Get There)
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