IDFC FIRST Bank FIRSTmoney Personal Loan – Instant Approval & Flexible Repayment

Discover the IDFC FIRSTmoney Personal Loan with low interest rates, fast 30-min approval, zero foreclosure charges and 100% online process. Check if it’s right for you.

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IDFC FIRST Bank

Avail instant personal loans up to ₹10 Lakh with quick 30-minute disbursal, rates from 9.99% p.a., zero foreclosure charges, and fully digital application.




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The FIRSTmoney Personal Loan from IDFC FIRST Bank stands out for its fast approval and disbursal. With interest rates starting at 9.99% p.a. and zero foreclosure charges, applicants can borrow up to ₹10 lakh for a flexible tenure of 9 to 60 months. The key highlight is the hassle-free application – completely digital, requiring only PAN and Aadhaar details, and a video KYC. Eligible individuals (with a CIBIL score of 710 or above) can see funds within 30 minutes after approval, making this option incredibly accessible for those needing quick financial solutions.

How to Apply: Step-by-Step Guide

Applying for FIRSTmoney is straightforward. First, click on the “Apply Now” option, then register yourself using basic personal details. After this, select your preferred loan amount and EMI plan, link your bank account to receive the funds, and complete a quick video KYC by displaying your PAN card. The process is entirely digital for ultimate convenience and speed. Once verified, your loan is almost instantly disbursed.

Advantages of FIRSTmoney Personal Loan

One major pro is the complete lack of foreclosure charges. Borrowers can pay off the loan early without worrying about penalties, saving on overall interest. Another benefit is the personal loan’s flexibility—you can pick your repayment tenure and even withdraw additional funds later if needed. Additionally, the application experience is seamless and requires almost no paperwork, thanks to the 100% digital process.

Disadvantages to Consider

The offer is only available to those with a CIBIL score of 710 or higher, which might not suit those with lower credit scores. Additionally, a processing fee of 2% applies, so this should be factored into your cost calculations. There is also a requirement to show your physical PAN card during the video KYC, which may be inconvenient for some users.

Final Verdict

IDFC FIRST Bank’s FIRSTmoney Personal Loan is an excellent solution if you prioritise speed, flexibility, and transparency. The fully digital process, fast approval, and attractive rates make it a strong contender in the Indian personal loan market. If you meet the eligibility criteria and value the ability to foreclose your loan for free, this offer is worth considering.

Recommended for you

IDFC FIRST Bank

Avail instant personal loans up to ₹10 Lakh with quick 30-minute disbursal, rates from 9.99% p.a., zero foreclosure charges, and fully digital application.




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