IDFC FIRST Bank (loans): verified facts and rating
Licensed since: 2015 Checked 2026-10-31
Score breakdown
100% backed by facts · How we rank
IDFC FIRST Bank (loans) against the market
The dot is the company, the line is the median of all companies in this ranking.
Published rate, % of country reference99%110%100% · median 100%
Support hours a week168 h168 h168 h · median 168 h
Maximum amount, % of country reference30%200%30% · median 100%
Longest term60 mo84 mo60 mo · median 84 mo
IDFC FIRST Bank (loans) strengths and weaknesses
Pros
- Licence confirmed by the official list or a stated licence number
- Fees or full loan terms are readable without login
- Publishes how to complain
- No arrangement fee in the standard terms
Cons
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All facts
| Fact | Value | Source | Checked |
|---|---|---|---|
| Licensed since | 2015 The bank was launched through this demerger from IDFC Limited in November 2015. (год запуска банка) | idfcfirst.bank.in | 2026-10-31 |
| Licensed by the regulator | Yes List of Scheduled Commercial Banks (SCBs) · Domestic Private Sector Banks · 11. IDFC FIRST Bank Limited | rbi.org.in | 2026-10-31 |
| Published rate, % of country reference | 100% At IDFC FIRST Bank, our personal loan interest rates start as low as 0.83% p.m (equivalent to 9.99% per annum). These are calculated on a monthly reducing basis · APR 9.99% · index 100 = 9.995% (median at launch) | idfcfirst.bank.in | 2026-10-31 |
| Free early repayment | Yes Zero foreclosure charges - close your loan anytime, penalty-free | idfcfirst.bank.in | 2026-10-31 |
| No arrangement fee | Yes Processing fees: Zero Processing fee on all personal loans | idfcfirst.bank.in | 2026-10-31 |
| Fees or terms published | Yes Fee/Charge: Processing fees; Rate of interest; Penalty on overdue EMIs 12% p.a. (1% p.m.) or Rs. 300 whichever is higher; EMI bounce charges | idfcfirst.bank.in | 2026-10-31 |
| Complaints procedure | Yes Grievance Redressal - Raise A Complaint Online | IDFC FIRST Bank; Raise a complaint | idfcfirst.bank.in | 2026-10-31 |
| Online application for new customers | Yes you can apply for an instant personal loan online through a 100% digital application process, eliminating paperwork, document uploads and branch visits. Eligible applicants can complete the application, finish video KYC digitally | idfcfirst.bank.in | 2026-10-31 |
| Support hours a week | 168 h Call us. We are available 24/7. 1800 10 888 | idfcfirst.bank.in | 2026-10-31 |
| Maximum amount, % of country reference | 30% Eligible borrowers can access personal loans from ₹50,000 up to ₹15 lakh · max 1500000 INR · index 100 = 5000000 INR (median at launch) | idfcfirst.bank.in | 2026-10-31 |
| Longest term | 60 mo flexible repayment tenures ranging from 9 to 60 months | idfcfirst.bank.in | 2026-10-31 |
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