IDFC First Bank Loan EMI Calculator
IDFC First Bank personal loan EMI starts at ₹9,228/month at 9.99% interest. Calculate exact EMI for ₹50,000–₹15,00,000 loans with amortization schedule.
₹
₹50,000₹15,00,000
%
10.0%24.0%
12 Mo60 Mo
Monthly EMI
₹9,228
Total Interest
₹21,473
Total Payment
₹2,21,473
Monthly EMI
₹9,228
Principal Amount
₹2,00,000 (90.3%)
Total Interest
₹21,473 (9.7%)
Amortization Schedule
| Year | Principal | Interest | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹95,029 | ₹15,707 | ₹1,10,736 | ₹1,04,971 |
| Year 2 | ₹1,04,970 | ₹5,766 | ₹1,10,736 | ₹1 |
By Gaurav Gupta, Credit SpecialistUpdated
IDFC First Bank Personal Loan at a Glance
Interest Rate
9.99%
to 24%
Max Amount
₹15,00,000
min ₹50,000
Min CIBIL
710
minimum score
Tenure
Up to 60 mo
min 12 months
IDFC First Bank Loan Details
| Interest Rate | 9.99% — 24% p.a. |
| Loan Amount | ₹50,000 to ₹15,00,000 |
| Tenure | 12 to 60 months |
| Processing Fee | Up to 3.5% |
| Prepayment Charges | Nil after 12 months |
| Min CIBIL Score | 710+ |
| Min Monthly Salary | ₹10,000 |
| Age Requirement | 21 to 60 years |
| Employment Types | Salaried, Self-employed |
| Disbursal Time | Same day for pre-approved, 2-3 days otherwise |
EMI Example: ₹2,00,000 at 9.99%
Loan Amount: ₹2,00,000
Interest Rate: 9.99% p.a. (best rate)
Tenure: 24 months
Monthly EMI: ₹9,228
Total Interest: ₹21,472
Total Payment: ₹2,21,472
Pros
- +Digital-first bank with instant approvals
- +Pre-approved offers for existing customers
- +No prepayment charges after 12 months
- +Loans up to Rs 40 lakh
Cons
- -700+ CIBIL requirement
- -Higher processing fee than some peers
Popular with borrowers
IDFC First Bank EMI Calculator — FAQs
What is the EMI for a IDFC First Bank personal loan?
For a ₹2,00,000 loan at 9.99% interest for 24 months, the EMI would be approximately ₹9,228 per month. Total interest payable would be ₹21,472. Use the calculator above to try different amounts and tenures.
What interest rate does IDFC First Bank charge on personal loans?
IDFC First Bank charges personal loan interest rates starting from 9.99% p.a. going up to 24% p.a. The actual rate depends on your credit score, income, employment type, and existing obligations. A CIBIL score of 750+ typically gets you rates closer to the lower end.
What is the minimum CIBIL score for a IDFC First Bank personal loan?
The minimum CIBIL score required for a IDFC First Bank personal loan is 710. A higher score (750+) will help you get a lower interest rate and better terms.
Can I prepay my IDFC First Bank personal loan early?
IDFC First Bank's prepayment policy: Nil after 12 months. Prepaying your loan reduces the outstanding principal and can save you significant interest over the remaining tenure. Use the calculator to see how much you can save.
How fast does IDFC First Bank disburse personal loans?
IDFC First Bank typically disburses personal loans within Same day for pre-approved, 2-3 days otherwise. Disbursal time depends on document verification, KYC completion, and your profile. Existing IDFC First Bank customers may get faster disbursal through pre-approved offers.
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Calculate EMI →🤖
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