IDFC First Bank Personal Loan, Key Details
Varies WidelyIDFC First Bank offers high loan amounts up to ₹1 crore and competitive starting rates. Good for high-income borrowers needing large amounts. Their wide range means credit profile matters a lot.
Who should choose IDFC FIRST Bank?
IDFC FIRST Bank has been growing its retail lending aggressively with a customer-friendly approach. Existing account holders benefit from zero or reduced processing fees — a meaningful saving on mid-ticket loans. Salaried professionals looking for a modern digital experience with competitive rates will find IDFC FIRST worth comparing. Loan amounts up to ₹40 lakh are available for high-income profiles.
Who should look elsewhere?
IDFC FIRST has fewer branches than large PSU and private banks, which can be a limitation if you need in-person support in smaller cities. Their rate range extends to 36% for weaker credit profiles, so the advertised starting rate may not reflect what you actually qualify for. Always get a written rate offer before accepting.
Hidden charges to watch out for
- Processing fee waived entirely for IDFC FIRST salary account holders — a meaningful saving compared to other banks.
- Foreclosure charge of 3% on outstanding principal if the loan is closed within 12 months.
- Late payment fee of ₹500 plus 2% per month on the overdue EMI amount.
- ECS or NACH bounce charge of ₹500 per failed transaction.
Approval time and minimum income
Real borrower scenario
An existing IDFC FIRST Bank salary account holder in Delhi with a CIBIL score of 745 applied for ₹5 lakh. He received 11.75% with zero processing fee. At ICICI Bank, the same profile was quoted 12.5% plus a 1.5% processing fee. The zero processing fee alone saved ₹7,500. For existing IDFC FIRST account holders, the combination of a competitive rate and no processing fee can make it the best net cost option.
💡 Tips for IDFC First Bank customers
- IDFC First offers loans up to ₹1 crore — much higher than most lenders. Useful for large requirements.
- Starting rate of 10.99% is competitive. The actual rate depends heavily on your CIBIL score and income.
- IDFC First Bank account holders get preferential rates and faster processing.
- Processing fee up to 3.5% is on the higher side. Always negotiate, especially for large amounts.
Is your IDFC First Bank rate fair?
Free · Instant · No login required
Check My Loan Rate → Compare all lendersWe don't recommend specific lenders, we tell you if your rate is fair. Always verify any offer against our benchmark before signing.
We don't recommend specific lenders, we tell you if your rate is fair. Always verify any offer against our benchmark before signing.
What is IDFC First Bank personal loan interest rate in 2026?
IDFC First Bank personal loan rates range from 10.99% to 24.00% per annum in 2026.
What is the maximum personal loan from IDFC First Bank?
IDFC First Bank offers personal loans up to ₹1 crore, which is the highest among most lenders in this segment.
Is IDFC First Bank good for personal loans?
IDFC First is good for high-income borrowers needing large loan amounts. Their starting rates are competitive but the wide range means your profile matters a lot.
What is IDFC First Bank processing fee?
IDFC First Bank charges up to 3.5% plus GST. This is negotiable for large loan amounts.