IDFC First Bank Personal Loan – Interest Rates 2024, EMI Eligibility Calculator

IDFC first Personal Loan: Instant Apply and online approval at lowest interest rates. Check your eligibility, loan amount, documents list, loan status through Calculate your loan emi’s online through emi calculator tool.

You can avail a personal loan from IDFC first for home improvements, holiday trips, starting new business, marriage purposes, higher education or initial payment for your dream home etc.

IDFC First Personal Loan Details

Interest Rates 10.49% – 25.00%
Processing Fees Upto 2% – 2.5%
Maximum Loan Amount ₹ 1 Crore
Min. Age 23 Years
Fore closure charges upto 5%

Why to choose IDFC First Personal Loan?

# Easy & minimum documentation, faster process & doorstep service
# Sanction approval within minutes without any security
# Foreclosure options available
# lowest interest rates

IDFC First Personal Loan Interest Rates 2024

Currently Interest Rates of IDFC First Bank stands at 11.00 – 25.00%.

Documents required for IDFC First Personal Loan?

# Fully completed application form with 2 photographs.
# Security & cancelled cheques for ECS.
# Photo ID Proof & Address Proof as per applicable.

IDFC First Personal Loan EMI Calculator

You emi calculator tool for calculate loan emi per month, you can just simply enter your required loan amount, interest rate on which you got offer from the bank and repayment period which you had selected to repay the loan amount.

Calculate Loans EMI Online

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount

Example: if you take a loan amount 2 lakh from IDFC first bank at interest rate of 12.50% for 4 years, than per month emi calculations are as below:

Loan Amount: Rs. 2,00,000
Monthly Instalment (EMI): Rs. 5,316
Total Interest Amount: Rs. 55,168
Total Amount (Principal + Interest): Rs. 2,55,168

Year Principal Interest Balance Amount
1 Rs. 41,094 Rs. 22,698 Rs. 158,906
2 Rs. 46,535 Rs. 17,257 Rs. 112,371
3 Rs. 52,696 Rs. 11,096 Rs. 59,675
4 Rs. 59,730 Rs. 4,117 Rs. 0

Policy Parameters for IDFC First Bank Personal Loan

Parameters Salaried Details Self Employed Details
Maximum allowable number of existing live PL 2 In case of applying for BIL, salaried director or partner needs to close their individual IDFC PL
Other norms for salaried Salary by cash/cheque not allowed NA
Age norms Minimum – 23 years at loan origination Minimum – 25 years at loan origination
Maximum – 60 years or retirement age whichever is later at loan maturity Maximum – 65 years at the time of loan maturity
Minimum Salary CAT Ace/Ace Plus/SA / A/B/C INR 20,000/- ABB >=5000
CAT D INR 25,000/- minimum 3 transactions per month in the last 3 months
Work Experience Minimum 6 month in current employment with total 2 years of work experience Business in the same premises for >= 1 year
Minimum experience >=3 years
Minimum Residence Stability No Cap No Cap ; Owned residence or business premises are mandatory and the proof of the same to be documented
Minimum Tenure 12 month 12 month
Maximum Tenure CAT Ace/Ace Plus/A/B – 60 months
CAT C/D – 48 Months
48 months
Minimum Loan amount INR 1 Lakh INR 1 Lakh
Maximum Loan Amount INR 40 Lakhs INR 9 Lakhs
FOIR Up to INR 50K – 60% Average Bank Balance is considered for eligibility

IDFC First Personal Loan Branch Address

✓ Ahmedabad – IDFC First Ltd, 2nd floor, Shri Ketan Co. Operative Housing Society Ltd, Plot No. 27, T. P Scheme No. 19 Ahmedabad

✓ Ajmer – IDFC First Ltd, 711/4, KC Complex, 2nd floor, opp Doulat Bagh, Ajmer.

✓ Amritsar – 26, 1st Floor, Kennedy Avenue, Rialto Chowk, Opp. Circuit House, Amritsar 143001


✓ Bhopal – Ground foor, G-1 to G-5, Ground floor Akansha Tower, Press Complex, M.P. Nagar, Bhopal -462011 Madhya Pradesh

✓ Bhubaneshwar – 1st Floor, North Side Block, SAMABAYA Bhawan (Orissa State Co-op Union Ltd.), Unit No. 9, Janpath, Bhubaneshwar – 751022.

✓ Chandigarh – Chandigarh-SCO 56, 1st Floor,Madhya Marg,Sector 26- Chandigarh – 160019

✓ Chennai – Gr. Floor, Meenakshi Tower, No. 13/6, Rajamannar Stree, G.N Chetty Road, Chennai 600017

✓ Cochin – 2nd floor, CC Nos. 66/4033 to 66/4059, Chitoor Road on East, Ernakulam Village, Pullepady Jn, Kochi 682035

✓ Coimbatore – 218/2, Brindaban, 2nd floor, T.V.Swamy road East, R.S.Puram, Coimbatore, Tamilnadu -641002

✓ Dehradun – Plot No. 283-A and bearing municipal No. 17, Raipur Road, Dehradun 248001

✓ Delhi – 6th Floor, Prem Dohil Sadan, 11, Rajendra pPlace, New Delhi 110008

✓ New Delhi – 4th Floor, Prem Dohil Sadan, 11, Rajendra pPlace, New Delhi 110008

✓ Guwahati – House No.16, 3rd Floor, Nilamoni Phukan Path, Christian Basti, Guwahati 781 005, Assam

✓ Hyderabad – M/S Malik Estate, Door No. 6-3-344, road No. 1, Banjara Hills, Hyderabad 500034
✓ Indore – 501 and 502, Panama Tower, 75 Manoramaganj extn, Kanchan Bagh, Indore

✓ Jaipur – 1st Floor, Gurunanak pura, Rajapark, Jaipur. 302004

✓ Jaipur – Unit No. 104.105, 106 and 107, 1st floor, Fortune Heights, Plot No. C-94, Subhash Marg, ‘C’ Scheme, Jaipur 302001 Rajastan.

✓ Jalandhar – SCO 18, 1st floor Puda Complex, Near Tehsil office, Ladowali road, Jalandhar, Punjab -144001

✓ Jodhpur – shop premises no.31, 32, 33 and 34, Office No. 201,2nd Floor, Dhan Laxmi Tower, Jalori Gate, Chopasni Road, Jodhpur 342003

✓ Kanpur – 104/438, First floor, P Road, Ram Bagh Chowk, KANPUR -208012

✓ Kolhapur – D-8-6, Ground Floor, Mahalaxmi, Chambers, Central Bus Stand, Kolhapur 416001

✓ Kolkata – Unit A1, 238B, AJC Bose Road, (Near Exide House), Kolkata 700020

✓ Lucknow – Premises no. F1andF2, 1st Floor, Chintel House, PLt. No. 16, Station road, Lucknow. 226001

✓ Ludhiana – 3rd Floor, M C No. B 26-751/122, Khasra no. 721, Vilage Karabara, Feroze Gandhi Market, Tehsil and District Ludhiana 141001

✓ Mumbai – C – 2, waghle Ind estate, MIDC , Thane , Mumbai – 400604

✓ Thane – Unit no. B 3, 4th floor, Ashar IT Park, Road No 16Z, Wagle Industrial Estate, Thane (W) 400604

✓ Mumbai – Unit no. 401-407, 4th Floor, A Wing, Technopolis Knowledge Park, Chakala Road, Opp Holi Family School , Andheri (E) Mumbai 400093

✓ Mysore – CH-53/1, 1st Floor, 1st Main, 5th Cross, Saraswahtipuram, Near Fire Brigade, Mysore – 570009

✓ Nagpur – Block No.201, Shalwak Manor, Plot No. 64-B, New Ramdaspeth Nagpur

✓ Nasik – 4th Floor, Office nO. 401 and 402, Sahayadree Business Park INC, MICO Circle Point, Trambak Road, Tidke Colony, Above Hundai Showroom, Nashik, Maharashtra 422002

✓ Pune – 603- AB and 604-AB, 6th floor, City Tower, Dhole Patil Road, Pune 411001 Maharashtra.

✓ Raipur – office no. 11, 2nd floor, Mobin Mansion, ESC Colony, Kachehri Chowk, Behind District Court , Babu Jagjivanram Ward-No. -40, Raipur 492001

✓ Rajkot – 401, 4th Floor, Shivalik -7, Gondal Road, Near SBI, Rajkot 360002

✓ Siliguri – Jatin Das, Sarani, Ground Floor, Near Amtala Club, Ashrampara, Siliguri 734001

✓ Surat – 21st Century, Office NO. B107, Near Udhana Darwaja, ring Road, Surat

✓ Trivandrum – T.C. 17/19-2, Jagathy, Poojapurra Main Road, Near Jagathy Bridge, Near Rajveev Gandhi Bio-Techonology, Trivandrum. 695 014

✓ Udaipur – 1ST Floor, Jeevan Jyoti Complex, 3, Toran Baori Marg, Surajpole, Udaipur, 313001

✓ Vijaywada – 3rd Floor, Above Taruni Showroom, Eeenadu Office, BENZ circle, vijaywada, Andhra Pradesh, 520010

Compare IDFC First Personal loan with other banks

SBI HDFC Bank ICICI Bank Axis Bank
Bajaj Finance Indusind Bank SMFG India TATA Capital
Ratnakar Bank Citibank Standard Chartered Kotak Bank
Bank of Baroda Uco Bank Dena Bank Federal Bank

All Available Products of IDFC First:

IDFC First Business Loan

IDFC First Loan against Property

IDFC First Durable Loans

Check Free Cibil Score
Apply Here
I authorize & its partnering banks to contact me to explain the product & I Agree to Privacy policy and Terms and Conditions.