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IDFC First Bank

⚡ Instant Apply

Private Sector Bank

🏛 RBI Licensed Bank

IDFC First Bank offers one of the lowest personal loan rates starting at 10.49% p.a. with a fully digital process and no foreclosure charges.

10.49%–23%
Interest Rate
per annum
₹50.0L
Max Loan
available
1-2 days
Disbursal
after approval
Up to 2%
Processing Fee
of loan amt
80% approval rate · Arjun from Hyderabad applied 6 min ago
4.2 (2,847 reviews)

IDFC First Bank

10.49% p.a.·EMI ₹24,660/mo
No CIBIL impact · Takes 2 min

Key Features

Low starting interest rate
No foreclosure charges
Digital process
Doorstep service

Eligibility Criteria

Age 23–60 years
Min salary ₹20,000/month
CIBIL score 700+
1 year employment

CIBIL Impact Estimator

Inquiry type:1 Hard Inquiry

Applying with IDFC First Bank will trigger a credit pull. Your CIBIL score may dip by 3–7 points temporarily.

Estimated score after inquiry
~750 (current)~743–747 (after inquiry)

✅ Scores typically recover in 3–6 months after first EMI is paid. Multiple applications in 30 days may have cumulative impact.

Protect Your Loan

Optional

Loan Shield covers ₹6.0L in case of job loss, disability, or critical illness. Your family stays protected.

Job loss cover for 6 EMIsCritical illness protectionDisability waiverNo medical check-up

Ready to apply?

100% free · No hidden charges · No CIBIL impact

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IDFC First Bank

Private Sector Bank

10.49%

from p.a.

Your Monthly EMI

24,660

for ₹5L over 24 months

₹91,838

Total Interest

Up to 2%

Processing Fee

1-2 days

Disbursal

80%

Approval Rate

🔥Arjun from Hyderabad applied 6 min ago
No impact on your CIBIL score
256-bit SSL · Data never shared
RBI registered lender

EMI Breakdown

Loan Amount₹5.0L
Tenure24 months
Interest Rate (avg)16.7% p.a.
Principal
₹5,00,000
Total Interest
₹91,838
Total Payable5,91,838
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