IDFC Bank Personal Loan Interest Rate 2025
Looking for a personal loan in 2025? IDFC Bank offers competitive rates starting at 10.99% per annum, with flexible EMIs and an easy digital process. A strong credit score can get you even better rates, making repayment smoother. In this blog, we’ll cover everything you need to know about IDFC personal loans to help you choose wisely.
IDFC Bank Personal Loan Interest Rate Highlights
The table below displays the IDFC Bank personal loan interest rates, the desired loan amount, tenure options, and the loan amount offered. Let's explore them in detail below:
Particulars | Salaried | Self Employed |
| Rates of Interest | Starts from 10.99% p.a. | Starts from 10.99% p.a. |
| Loan Tenure | 12 to 60 months | 12 to 60 months |
| Loan Amount | Up to Rs. 10,00,000 | Up to Rs. 10,00,000 |
| Age | 21 to 60 years | 21 years to 60 years |
| CIBIL Score | 750 and above | 750 and above |
Types of IDFC Bank Personal Loan
Here is a detailed list of the different types of IDFC Bank personal loans:
- IDFC First Personal Loan for Marriage Purpose: IDFC First Bank offers a Marriage Loan of up to ₹10 lakh to help individual borrowers manage their wedding-related expenses with ease.
- IDFC First Personal Loan for Emergency: Individual borrowers can opt for personal loans for emergencies, the repayment tenure for which is usually up to 5 years.
- IDFC First Personal Loan for Travel: IDFC FIRST Bank’s FIRST money personal loan offers up to ₹10 lakh for travel needs, with rates starting at 10.99% per annum.
- IDFC First Bank Medical Loans: IDFC First Bank provides medical loans starting at 10.99% whilst imposing zero foreclosure charges, with no extra fees.
- IDFC First Debt Consolidation Loans: IDFC First Bank provides debt consolidation loans to individual applicants to meet repayment dues within the specified time.
- IDFC First Small Personal Loans: IDFC First provides small personal loans to meet the capital needs of applicants.
- IDFC First Personal Loan Balance Transfer: IDFC First Personal Loan Balance Transfer lets borrowers shift existing loans from other banks to enjoy lower interest rates, with tenures ranging from 6 months to 5 years.
Features Of IDFC Bank Personal Loans
Some of the key characteristics of the IDFC Bank personal loan scheme are as follows:
Loan Amount
- IDFC Bank provides personal loans ranging from Rs 1 lakh to Rs 40, depending on your income, credit score and repayment capacity.
Lowest EMI Amount
- The lowest EMI per ₹1 lakh loan is ₹1,686, achieved with the longest tenure and lowest interest rate.
- Your actual EMI will vary based on the loan amount, tenure, and interest rate.
Processing Fees
- IDFC FIRST Bank charges a Rs. 4,999 processing fee on the sanctioned loan amount, a one time non-refundable amount deducted before the loan is disbursed.
Part Payment Option
- Up to 40 percent of the loan amount can be put towards the part payment.
- This decreases the outstanding principal and interest bill.
- You can make part prepayment options without these significant penalties. Nevertheless, make sure to check the prepayment charges in the terms and conditions.
Digital Paperless Loan
- A fully digital and no paper process from the loan process is what IDFC FIRST Bank offers. You can access it online, submit the required documents and get the approval quickly. It helps to lessen paperwork and expedites the disbursal process so that borrowers are satisfied with disbursements.
Pre-Approved Personal Loan
- Various customers can avail pre-approved personal loans by the bank.
- If you have a pre-approved relationship with IDFC FIRST Bank then you can avail instant disbursal loan.
- Your income and credit score along with your repayment history helps in determining your pre-approved offers.
Quick Check of Eligibility
- By just 2 minutes you would be able to check your personal loan eligibility online. It lets you know how much loan amount you are eligible for without bearing on your credit score.
- Basic details such as income, employment conditions, and credit history are needed by an online eligibility check.
Top-up Loan Facility
- IDFC First Bank customers already have a top-up loan. It enables you to borrow money on an existing personal loan without applying for a new loan.
- A top-up loan is handy in the event of emergencies and other financial needs.
Competitive Interest Rates and Flexible Repayment
- There is a competitive interest rate involved with the loan and the terms of repayment are flexible. With the EMI plans that best suit your budget, there is the convenience of hassle free repayment.
- However, the bank has options that are suitable for various kinds of financing.
IDFC Bank Personal Loan Interest Rate 2025
IDFC First Bank understands that personal loan needs vary, whether for emergencies, home renovation, or personal goals. With competitive interest rates, flexible repayment options, and reducing balance interest rates, IDFC personal loans in 2025 make borrowing affordable and convenient.
A strong credit score of 730+ boosts eligibility and helps secure the lowest rates, ensuring better financial management with flexible tenures.
IDFC Bank Personal Loan Schemes Interest Rate
IDFC Bank personal loan interest rate starts from 10.99% p.a. The Majority of lenders place emphasis on several factors while determining the interest rates on personal loans.
Particulars | Interest Rate (p.a.) |
| IDFC First Bank Personal Loan for Marriage | 10.99% onwards |
| IDFC First Bank Personal Loan for Emergency | 10.99% onwards |
| IDFC First Bank Personal Loan for Travel | 10.99% onwards |
| IDFC First Bank Medical Loan | 10.99% onwards |
| IDFC First Bank Personal Loan for Home Improvement | 10.99% onwards |
Factors Affecting IDFC Bank Personal Loans
There are several factors to consider that affect your eligibility for IDFC personal loan interest rate 2025:
- Credit Score: Maintaining a credit score of 700 and above helps you get a loan with low interest rates.
- Income: A higher income will increase your chances of approval, since the repayment capability depends on your current drawn salary.
- Loan Amount and Tenure: Your EMI depends on the loan amount and tenure. A shorter tenure means lower interest but higher EMIs, while a longer tenure lowers EMIs but increases total interest.
- Age: Individuals need to be between the ages of 21 and 60 to secure a personal loan with IDFC Bank.
- Existing Debt: Banks consider your debt-to-income ratio before approving a new loan.
Fees And Charges of IDFC Bank Personal Loan
IDFC Bank charges a foreclosure fee of 5% of the outstanding loan amount (including GST) if you decide to foreclose your account after six months of availing the loan. Besides this, the table below displays a detailed overview of other fees and charges:
Particulars | Fees and Charges |
| EMI Bounce Charges | Rs. 400 |
| Charges relating to swapping of repayment | Rs. 500 (as per request for change) |
| Cancellation/Charges for rebooking | 1% of the loan amount along with the interest earned from the date on which the loan amount is disbursed till date of cancellation of loan request. It is however mandatory to submit the request for cancellation within a month of either the 1st EMI presentation date or loan booking date, whichever is earlier. |
| Statement of Account (Duplicate/Ad Hoc) | Rs. 500 |
| No Dues certificate or duplicate no objection certificate | Rs. 500 |
| Physical repayment schedule | Rs. 500 |
| Stamping Charges | As per actuals |
| EMI pick-up/Collection charges | Rs. 350 |
| Charges relating to document retrieval | Rs. 500 |
| Part-prepayment loan | A maximum of 40% of the current outstanding amount is permissible for making part payment once in a fiscal year. Individuals, however, can avail of this option only after payment of 3 EMIs. To avail this option, however, a 2% part payment charge is applicable on part payment |
| Overdue interest | 2% of the EMI left to be paid or Rs. 300, whichever is more |
Eligibility Criteria For IDFC Bank Personal Loan
Here is a quick overview of IDFC Bank personal loan eligibility criteria applicable for both salaried as well as self-employed individuals:
For Salaried Individuals
- Minimum Age: 23 years
- Maximum Age: Age during loan maturity or the retirement age, whichever comes on priority
For Self Employed Individuals
- Minimum Age: 25 years
- Maximum Age: 65 years during the time of loan maturity
Documents Required To Apply For IDFC Bank Personal Loan
Here is the list of documents applicants must present when applying for a personal loan with a bank or an NBFC:
- KYC Documents: Aadhaar card, PAN Card, Driving License, Passport, and Voter's ID
- Customer’s Employee ID Card
- Bank statement for the last three months
- eSign/eStamp
- Net Banking or debit card details
IDFC Bank Personal Loan EMI Calculator
The IDFC Bank Personal Loan EMI calculator is an easy-to-use online tool that helps estimate your monthly payments by entering your loan amount, interest rate, tenure, income, and ratio. It allows you to adjust loan details to find an EMI that suits your budget, easing financial planning and repayment.
The calculator also provides a clear breakup of interest and principal, helping you understand the total loan cost and compare options for the best repayment plan.
IDFC Bank Personal Loan Customer Care
IDFC FIRST Bank offers all day customer care support for banking related requirements. The toll-free number 1800 10 888 will allow you to reach them. You can also get in touch with the bank's representatives, to whom you can ask any question regarding a personal loan, EMI payment, interest rates, or anything else.
IDFC Bank’s personal loan interest rates in 2025 make borrowing affordable and accessible. With interest rates starting from 10.99% per annum, borrowers can avail funds to meet varied needs such as medical emergencies, education, or home renovation. This will enable you to choose a loan that fits your budget and ensures smooth repayment without financial stress.
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