Private Sector BankAll Eligible Borrowersunsecured

IDFC FIRST Bank Personal Loan

आईडीएफसी फर्स्ट बैंक पर्सनल लोन

IDFC FIRST Bank personal loan up to ₹1 Crore with industry-leading ZERO foreclosure charges.

Max Loan Amount

₹20,000 to ₹1,00,00,000 (ZERO Foreclosure Charges differentiator)

Interest Rate

10.49% - 24.00% p.a. (risk-grade fixed/reducing)

Tenure

9 to 84 months (longest private bank tenure)

Processing Fee

Up to 3.00% of loan amount + GST (Min ₹1,999)

✦ What It Is: Product Architecture & Regulatory Scope

IDFC FIRST Bank's signature unsecured personal loan renowned for customer-friendly transparent terms, offering up to ₹1 Crore credit limits and industry-leading ZERO foreclosure and ZERO part-prepayment fees from own funds.

What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Extra Charges

Eligo consumer protection notice: Bank brochures, DSA telecallers, and comparison portals rarely disclose these conditions. Read carefully before signing.

• Relatively high processing fee of up to 3% + GST. • Zero foreclosure waiver applies ONLY when closed from own personal funds (not applicable if loan is taken over by another bank/institution). • Upper interest rate band can touch 24% for moderate credit scores.

✦ Key Benefits & Features

• KEY DIFFERENTIATOR: ZERO FORECLOSURE CHARGES and ZERO part-payment penalties when pre-closed from own personal funds • Highest private bank loan quantum up to ₹1 Crore for high-income earners • Longest private bank tenure up to 84 months (7 years) for low EMIs • 100% digital end-to-end paperless journey on IDFC FIRST Bank app.

✦ Prepayment, Part-Payment & Foreclosure Rules

ZERO (NIL) foreclosure charges and ZERO part-prepayment charges if closed from own verified personal funds after payment of 1 EMI.

✦ Eligibility Requirements

Salaried and self-employed professionals with verifiable regular income. Min Age: 21, Max Age: 60. Min Net Monthly Salary: ₹20,000. Min CIBIL: 710.

Min Age21 Years

Max Age60 Years

Min Monthly Income₹20,000

Min CIBIL Score710+

✦ Documents Required

• Identity & Address Proof: PAN Card, Aadhaar Card • Employment Proof: Employee ID card, official email confirmation • Financial Proof: Last 3 months payslips or 2 years ITR • Bank Statement: Last 6 months bank statement.

✦ Exact How-To-Apply Process (3 Pathways)

Depending on your current relationship with the bank, select the corresponding application journey:

Pathway A

Existing / Pre-Approved Customers

1. Open IDFC FIRST Bank app > Loans > Personal Loan. Pre-approved limit displayed. Authenticate with OTP.

Pathway B

New Online Applicant (Fresh Digital)

1. Visit idfcfirstbank.com > Personal Loans. Submit mobile number, PAN, and link bank statement via Account Aggregator. Complete Video KYC and e-sign.

Pathway C

Branch Walk-In Application

1. Visit nearest IDFC FIRST Bank branch with payslips and bank statement.

Official Sourcing & MITC Verification

180-Day Re-Verification SLA · Last Verified: 2026-09-28

Eligo does not collect personal loan applications, sell user data to DSA telecallers, or receive affiliate commissions. All terms shown are extracted directly from official bank circulars, Most Important Terms and Conditions (MITC), and Key Fact Statements (KFS) under RBI guidelines.

Visit Official Lender Portal (IDFC FIRST Bank Official Portal)View Official MITC / Schedule of Charges RBI Key Fact Statement (KFS) Reference

Frequently Asked Questions on IDFC FIRST Bank Personal Loan

Are foreclosure charges really zero in IDFC FIRST Bank?

Yes! IDFC FIRST Bank does not charge any foreclosure or part-prepayment fee if the loan is prepaid from the borrower's own verified funds after payment of the first EMI.

What is the maximum loan quantum available?

Eligible high-income applicants can borrow up to ₹1 Crore without pledging any collateral.

What is the maximum repayment tenure?

Up to 84 months (7 years), which is the longest tenure among Indian private banks.