What documents are required to apply for a personal loan with FIRSTmoney?

To apply for a personal loan with a salary of ₹60,000, all you need to produce is your PAN card to complete the video KYC process.

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Personal loan for ₹60,000 salary

Q: How long does it take to get the personal loan approved and disbursed?

IDFC FIRST Bank offers a quick approval and disbursal process for FIRSTmoney loans. Once your application is approved, funds can be accessed within minutes, ensuring you have access to money when you need it most.

Get instant digital loans with flexible repayment and zero foreclosure charges

100% digital process with no documentation
Zero foreclosure charges
Competitive interest rates starting from 9.99% p.a.
No collateral required

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Personal Loan EMI Calculator

Loan amount

₹1L ₹15L

Loan term in months

Repay anytime with 0 Foreclosure charges!

9 Months 60 Months

Choose the Interest Rate

Lowest interest rate unlocked!

9.99% 38 %

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

Overview
Benefits
Eligibility
How to apply
Fees & Charges
FAQs
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How to apply for a Personal Loan online with a ₹60,000 monthly income

A monthly salary of ₹60,000 gives you the flexibility to plan ahead, but sudden expenses can still require extra support. IDFC FIRST Bank’s FIRSTmoney personal loan is designed to complement your income with quick, convenient access to funds. Whether you are managing medical costs, funding higher education, or upgrading your home, FIRSTmoney offers competitive interest rates, zero foreclosure charges, and a fully digital application process. With minimal documentation and fast approvals, you can borrow confidently and stay in control of your finances.

What are the features and benefits of a Personal Loan with ₹60,000 salary

Competitive interest rates

FIRSTmoney offers personal loan interest rates starting from 9.99% p.a., helping you manage EMIs comfortably while staying aligned with your short- and long-term financial plans.

Zero foreclosure fees

FIRSTmoney lets you foreclose your personal loan before the tenure ends without any foreclosure charges, giving you the flexibility to become debt-free sooner without extra costs.

100% digital journey

From application to approval, the entire FIRSTmoney personal loan process is online. Apply at your convenience, receive a customised offer instantly, and get started with just a few simple steps.

Flexible repayment options

FIRSTmoney allows you to select tenures ranging from 9 to 60 months along with a preferred EMI date between the 3rd and 8th of each month, offering better control over monthly budgeting.

Quick fund disbursal

With instant approvals and rapid processing, the approved loan amount is credited to your account within 10 minutes through a secure digital process

What are the eligibility and documentation required for a Personal Loan on ₹60,000 salary

Personal Loan Eligibility

To apply for a personal loan from IDFC FIRST Bank, make sure you meet these –

Age: Between 21 to 60 years
CIBIL Score: A score of 710 or higher
Occupation: Salaried or self-employed, with a stable monthly income

Personal Loan Documents Required

No uploads are part of the online journey. Keep handy –

Aadhaar and PAN number for application
Physical PAN card to be displayed during the video KYC
You don’t need to upload any documents during the application process.

How to Apply for a Personal Loan on ₹60,000 Salary

Step 1

Click on apply now via website or app

Step 2

Step 3

Choose your loan preferences, including the loan amount and EMI plan

Step 4

Link your bank account where you wish the funds to be disbursed

Step 5

Complete the video KYC verification process by showing your physical PAN card

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What are the loan amount and tenure options

Loan Amount

For individuals earning ₹60,000 per month, personal loans are available in amounts ranging from ₹10,000 to ₹15 lakhs. The approved loan offer depends on the bank’s internal policy and your credit profile.

Flexible Tenure Options

You can choose a repayment tenure that ranges from 9 months to 60 months. This flexibility allows you to structure your repayment schedule as per your convenience.

What is the EMI for personal loan with ₹60,000 salary

The Bank uses the reducing balance method to calculate the EMI for a personal loan through FIRSTmoney, this technique determines the interest based on the remaining loan balance. While the EMI remains constant throughout repayment, the portion allotted to principal repayment grows while the interest component diminishes over time.

For easy calculation of your EMIs, consider using a personal loan EMI calculator. Simply adjust the slider to input the following details: the loan amount, interest rate, and tenure. You can also determine a repayment figure for a different amount that aligns comfortably with your financial capacity.

Loan Amount (₹)	Interest Rate (p.a)	Tenure	Approx EMI (₹)
₹1,00,000	9.99%	5 years	₹ 2,124
₹2,00,000	9.99%	5 years	₹ 4,248
₹3,00,000	9.99%	5 years	₹ 6,373
₹4,00,000	9.99%	5 years	₹ 8,497
₹5,00,000	9.99%	5 years	₹ 10,621
₹6,00,000	9.99%	5 years	₹ 12,745
₹7,00,000	9.99%	5 years	₹ 14,869
₹8,00,000	9.99%	5 years	₹ 16,994
₹9,00,000	9.99%	5 years	₹ 19,118
₹10,00,000	9.99%	5 years	₹ 21,242
₹11,00,000	9.99%	5 years	₹ 23,366
₹12,00,000	9.99%	5 years	₹ 25,491
₹13,00,000	9.99%	5 years	₹ 27,615
₹14,00,000	9.99%	5 years	₹ 29,739
₹15,00,000	9.99%	5 years	₹ 31,863

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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

Range: 9 to 60 months

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Frequently Asked Questions

What is the maximum loan amount I can get with a salary of ₹60,000?

With IDFC FIRST Bank’s FIRSTmoney, you can get a loan offer of up to ₹15 lakhs based on your eligibility. The final loan amount depends on various factors such as your credit score and repayment capacity. Use the personal loan eligibility calculator to get a tentative loan amount estimate.

How do I apply for a personal loan online with FIRSTmoney?

Applying for a personal loan with FIRSTmoney is easy and convenient. Simply visit the IDFC FIRST Bank website or mobile app, and click on Apply Now to get started. The application can be completed in as little as 5 minutes.