IDFC First Bank Personal Loan

To be eligible for a IDFC Bank Personal Loan, an applicant must be between 21 to 65 years of age. Keep these requirements in mind before applying.

Need money in an emergency but low on savings? IDFC Bank Personal Loan with low interest rates to help you meet unexpected expenses. Be it for personal expenses, IDFC Bank can help. No need to sell your hard earned wealth. Apply for a personal loan from IDFC today!

Important Details

  • Bank Name: IDFC Bank
  • Loan amount : Rs 25,000/- to Rs 5,00,000/-
  • Loan Repayment Timing: 03 to 36 Months


  • New Customer: An individual between 21 and 65 years
  • Existing/ Easy Buy EMI Card Customer: An individual between 21 and 68 years
  • Employment Type: Salaried or Self Employed

Important Document

Proof of Identity

  • Aadhaar Card
  • Driving License
  • Voter ID
  • Passport
  • Job ID Card issued by NREGA
  • National Population Register

Proof of Address

  • Aadhaar Card
  • Driving License
  • Voter ID
  • Passport
  • Job ID Card issued by NREGA
  • National Population Register

Interest Rate

Attractive interest rates EMIs paid at no additional cost

How to apply?

You can apply Online to apply .

Online Apply Steps

Step 1: Click on “Apply Now”

Step 2: Enter your mobile number for OTP verification

Step 3: Fill in the personal details

Step 4: When your Consumer Loan application is accepted, visit our representative at the nearest store

IDFC First Bank Personal Loan Fees and Charges

  • Processing Fees: Up to 2% of the loan amount at the time of loan disbursal
  • EMI Bounce Charges : Rs 400
  • Account Statement: Rs 500
  • Stamping Charges :As per actuals
  • Repayment Instrument Swap Charges : Rs 500
  • Cancellation/Rebooking Charges: 1% of the loan amount + interest from disbursal date till receipt of cancellation request
  • Physical Repayment Schedule: Rs 500
  • EMI Pickup/Collection Charges : Rs 350
  • Document Retrieval Charges: Rs 500
  • Overdue Interest: 2% of unpaid EMI or Rs 300 whichever is higher

Documents Required for IDFC First Bank Personal Loan

  • Common documents for both salaried and self-employed applicants:
  • PAN Card or Form 60

ID Proof (any 1 of the following):

  • Passports
  • Aadhaar Card
  • Voter ID
  • Driving License
  • Job card issued by NREGA signed by a State Government officer

Address Proof:

  • Passbook (latest)
  • Latest Bank Statement
  • Rent agreement with latest utility bills in the name of the present owner
  • Property receipt or Municipal Tax receipt
  • Latest utility bills or not as old as 2 months old from the date of CPA login (electricity bill, water bill, cylinder or piped gas, post-paid mobile bill)

Other Documents:

Pension or Family Pension Payment Orders issued by the Government Departments or Public Sector Undertakings to the retired employees

Letter of Allotment of Accommodation from the employer issued by the State/Central government departments, statutory or regulatory bodies, scheduled commercial banks, public sector undertakings, listed companies and financial institutions, and leave and license agreements with employers allotting official accommodation

Additional Documents for Self-Employed Applicants

Business Proof (any 1)

  • Municipal Tax bill
  • Utility bill in the name of the person concerned
  • GST certificate
  • Gram Panchayat Certificate filed at least 6 months before CPA login date
  • Shop and Establishment Certificate (Gumasta)
  • ITR with income computation for last 2 years with a gap of at least 6 months between 2 ITR filing dates
  • Udyog Aadhaar filed at least 6 months before CPA login date
  • FSSAI license filed at least 6 months before CPA login date
  • SSI certificate issued by the Indian government at least 6 months before CPA login date

For Salaried Applicants

Banking and Income Proofs:

  • Bank statement for last 3 months
  • Last 3 months salary slips

Balance Transfer (any 1 of the following documents):

  • Loan Foreclosure Letter
  • Account Statement
  • Repayment schedule
  • SOA/FCL is required where the proposed balance transfer loan is not reflecting in Bureau and RTR cannot be ascertained

Proof of Ownership (any 1 of the following documents):

  • Latest Water Tax bill
  • Latest Electricity bill
  • Sales deed with latest utility bill in the name of the present owner
  • Latest Property Tax bill
  • Latest Maintenance bill

Main Purpose ?

IDFC Bank Personal Loan is designed to provide financial support when you need it most. Say goodbye to borrowing from lenders or selling your assets. IDFC Bank offers personal loans easily and quickly to meet your financial needs. With IDFC Bank Loan, you can purchase electronic goods at 0% interest by applying for a IDFC Bank Card at your nearest shop. Get the funds you need quickly and easily with IDFC Bank Personal Loan.

Instant approval

Click on Apply Now and check your eligibility OR Walk into any store and apply for a loan.

Who can apply for loan?

Salaried as well as self-employed individuals can apply for a Loan. Your age should be between 21 years and 60 years for salaried individuals, and between 21 and 65 years for self-employed individuals. Click to apply for loan through our website.

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