🏦IDFC First Bank Personal Loan

Interest rate: 10.49% - 22.00% p.a. • Max amount: ₹40 Lakh • Tenure: 12-60 months

Starting Rate

10.49%

Max Amount

₹40 Lakh

Processing Fee

2% + GST

Tenure

12-60 months

Key Features of IDFC First Bank Personal Loan

  • Digital-native bank experience
  • Salary account advantage
  • Zero prepayment charges
  • Instant approval via app
  • Monthly reducing balance calculation

👍 Pros

Modern digital-first approach

Zero prepayment charges

Good rates for IDFC savings account holders

Consumer-friendly policies

👎 Cons

Higher starting rate than top competitors

Newer bank — smaller branch network

Limited loan amount for first-time borrowers

Compare with Other Banks

BankRate (p.a.)Max AmountAction
IDFC First Bank10.49% - 22.00%₹40 LakhViewing
SBI10.05% - 15.05%₹35 LakhView
HDFC Bank9.99% - 24.00%₹40 LakhView
ICICI Bank9.99% - 16.50%₹50 LakhView
Axis Bank9.50% - 21.55%₹40 LakhView
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Related Resources

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