IDFC First Bank advertises its personal loan from 9.99% a year. The same product is priced up to 25.00% on the bank’s own card, so the advertised figure is a starting rate rather than an offer.
| Advertised rate | 9.99% p.a. onwards |
|---|---|
| Maximum rate | 25.00% p.a. |
| Tenure | Up to 5 years |
| Processing fee | 0% to 3.5% of loan amount (incl. GST) |
as of 2026-09-17 · Lender rate pages, checked individually
What that costs in rupees
On ₹5,00,000 over 5 years.
| EMI at 9.99% | ₹10,621/month |
|---|---|
| Total interest | ₹1,37,264 |
| EMI at the 25.00% maximum | ₹14,676/month |
| Extra interest at the maximum rate | ₹2,43,276 |
as of 2026-09-17 · Lender rate pages, checked individually
Principal and interest only. Processing fee, GST, documentation and any insurance sold alongside the loan are additional. For a different amount or tenure, the EMI calculator takes the same inputs.
How it compares
IDFC First Bank is joint cheapest of the 8 providers we track — level with HDFC Bank, Axis Bank and ICICI Bank at 9.99%. Every lender we hold a figure for is ranked, with dates, in personal loan interest rates.
What moves this rate
Private sector bank. Floating retail loans are priced off an external benchmark, so RBI rate cuts pass through within a reset cycle.
Personal loan rate ranges are much wider than home loan ranges. The reason is simple: nothing backs the loan. There is no property to recover, so the rate has to cover the whole risk. A bank advertising from around 10% can quote more than double that to someone with a thin credit history — which is why what affects your credit score matters more here than on any secured product.
The tenure is much shorter than a home loan, usually five or six years. That keeps your total interest down but pushes the EMI up. Check the early-closure terms before you sign. Being able to prepay without a charge is worth more than a small difference in the rate.
In more detail
Two pages go further on this product: the IDFC First Bank personal loan interest rate, which sets the advertised rate against the maximum, and the fees and charges, which sets out the published processing fee, GST already included.
Terms change without notice. Confirm the current figures with IDFC First Bank before you act.
Related reading
IDFC FIRST Bank Credit Cards
Every IDFC FIRST Bank credit card we review, what it returns after the fee, and how the ranking is worked out.
6 Sep 2026 · 1 min