IDFC First Bank personal loan interest rate
10.99%p.a. onwards
IDFC First Bank publishes a ceiling of 25.00% for this product. The advertised figure is a floor, not an offer.
Data as of 15 Aug 2026Source: Lender rate cards and published comparisons, August 2026Pending issuer verification
Rate, ceiling and fees
Data as of 15 Aug 2026Source: Lender rate cards and published comparisons, August 2026Pending issuer verification
What that costs in rupees
On ₹5,00,000 over 5 years.
- EMI at 10.99%
- ₹10,869/month
- Total interest
- ₹1,52,123
- EMI at the 25.00% ceiling
- ₹14,676/month
- Extra interest at the ceiling
- ₹2,28,417
Principal and interest only. Processing fee, GST, documentation and any insurance sold alongside the loan are additional.
Run your own numbersHow it compares
IDFC First Bank is the 6th cheapest of the 8 providers we track — 1.00% above HDFC Bank at 9.99%.
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 spreads are far wider than home loan spreads because the debt is unsecured — there is no asset to recover, so the price of risk is carried entirely by the rate. A lender advertising from around 10% may well quote more than double that to an applicant with a thin file.
Tenure is capped much shorter than a home loan, typically at five or six years, which keeps total interest down but pushes the EMI up. Check the foreclosure terms before signing: the ability to prepay without penalty is worth more than a small difference in the headline rate.
IDFC First Bank personal loan in detail
- IDFC First Bank personal loan interest rateThe advertised floor against the published ceiling — a far wider spread than a secured loan.
- IDFC First Bank personal loan EMIMonthly cost at both ends of the published range.
- IDFC First Bank personal loan fees and chargesProcessing fee as published, plus the 18% GST that is charged on top of it.