IDFC First Bank Personal Loan

Personal Loan

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Are you searching for an ideal lender that can offer you a personal loan to fulfill your varied needs? If yes, all you need to know about the IDFC First Bank personal loan. Yes, you can avail of a loan from this lender for a wide variety of reasons, such as weddings, holidays, education, home renovation, and emergencies. The lender offers the loan to both salaried as well as self-employed individuals, which comes with flexible tenure options and a high disbursal amount with a low personal loan interest rate.

Want to know more about the credit facility being offered by IDFC First Bank's personal loan? Just go through the page below.

IDFC First Bank Personal Loan Details 2025

Here are the IDFC First Bank Personal Loan Interest Rate and some important details of the personal loan -

Particulars	Details
Interest Rates	12% p.a - 30% p.a
Loan Amount	Loan up to Rs 10 Lakhs
CIBIL Score	725 and above
Loan Tenure	up to 72 months

IDFC First Bank Pre-Qualified Personal Loan Eligibility Criteria

In order to avail of a personal loan, you must meet the required eligibility norms set by the IDFC First Bank. However, your credit score and existing borrowings are also assessed to determine your repayment capacity.

For Salaried/Self-Employed Applicants

Age: 21 to 60 years (or retirement age, whichever is earlier)
Minimum CIBIL Score: 725 with a good credit history

The bank also evaluates factors like credit score, monthly income, and EMI/NMI ratio when assessing loan eligibility.

IDFC First Bank Pre-Qualified Personal Loan Documents Required

IDFC First Bank Personal Loan Documents that are common documents for both Salaried & Self-Employed Applicants -

Identity Proof
PAN Card
VKYC is mandatory, During the Video KYC process, PAN Card is MANDATORY

IDFC First Bank Pre-Qualified Personal Loan Features

You can have a look at some of the amazing features of the IDFC First Bank Personal Loan so that you can decide whether it meets your requirements or not.

No Need for Collateral – The best thing about the IDFC First Bank personal loan is that you don’t need to submit any kind of collateral or security to get the required loan amount. As it is an unsecured loan, you don’t need to worry about this. The bank will approve the loan amount after assessing factors such as your age, employment type, job history, and CIBIL score.
Flexibility in Repayment – If you are worried about how you will be able to repay the loan amount, then you must know that you will have a flexible tenure of 12 to 60 months to do the same. You can choose the tenure according to your repayment capacity and monthly income. A tenure, when decided upon carefully, can help you repay the loan via easy monthly installments. You must remember that choosing a long tenure will make you pay a higher interest amount, and vice versa.

GRIEVANCE REDRESSAL DETAILS OF IDFC FIRST BANK

Principal Nodal Officer:-

Mr. Vipul Raj
IDFC FIRST Bank Ltd. Building No. 09, Gigaplex Raheja Mindspace IT-5, Airoli, Navi Mumbai 400708, Maharashtra, India
Email ID: [email protected] or call 1800-209-9771 (24x7)

IDFC First Bank Customer Care Number -1800-10-888

For IDFC First Bank Privacy Policy - https://www.idfcfirstbank.com/privacy-policy

To Know more Click:- https://www.idfcfirstbank.com

IDFC First Bank Pre-Qualified Personal Loan FAQs

1. When will I receive my loan amount?

Once your loan is approved and processed, the amount will be disbursed to your registered bank account within 1 hour. In case of any delay from the lending partner, it may take up to 4 working days to deposit the money into your bank account.

2. How can I check my loan repayment schedule?

You can check your loan repayment schedule in your loan account section on the lender's app or by referring to the loan agreement/Key Fact Statement (KFS) shared with you.

3. What are the EMI payment options?

You can pay your EMI through:

Auto-debit from your registered bank account
Net banking, UPI, or mobile wallets

4. Can I prepay or foreclose my loan?

Yes, IDFC FIRST Bank allows full prepayment/foreclosure of the loan. However, foreclosure charges may apply, please check the applicable charges and conditions in loan agreement/Key Fact Statement (KFS) shared with you.

5. How can I download my loan agreement/sanction letter?

Your loan agreement/sanction letter will be sent to you via email/SMS or can be downloaded from the lender's online portal or mobile app. (Download app now: https://play.google.com/store/apps/details?id=com.idfcfirstbank.optimus&hl=en_IN)

6. Will prepayment affect my CIBIL score?

Prepaying a loan does not negatively impact your CIBIL score. In fact, timely loan repayments and prepayments can improve your credit score. However, if you want lender to not debit from your mandate bank account, you will need to make your pre-payment, if any, at least 2 working days before the EMI due date as mentioned in your loan agreement.

7. Who should I contact for loan-related queries?

For any issues related to your loan, you can contact IDFC FIRST Bank's customer support at 1800 10 888 or visit the nearest branch or raise it at IDFC FIRST website/mobile app.

8. How can I cancel or foreclose my IDFC First Bank loan after disbursal?

You can either cancel your loan (within 3 days of disbursal) or foreclose it (after 3 days of disbursal):

1. Loan Cancellation (within 3 days of disbursal):

Contact IDFC FIRST Bank Customer Care at 1800-10-888
Net Disbursed Amount (Loan Amount minus Processing Fee) to be transferred to the IDFC account shared by customer care team
Once payment is made, IDFC will initiate the cancellation

2. Loan Foreclosure (after 3 days of disbursal):

Contact IDFC FIRST Bank Customer Care at 1800-10-888

OR

Click on following QuickPay link: QuickPay Foreclosure Portal

Steps for Foreclosure:
Click on Foreclose on the QuickPay page
Enter your Loan Account Number
Your loan details (amount, EMI, tenure) will be reflected
Foreclosure amount, charges, interest due, and GST will be shown as per your KFS (Key Fact Statement)
Choose a repayment method and make the paymentAfter payment, an acknowledgment will be displayed.