What IDFC FIRST Bank asks for on personal, home, business, vehicle, education loans - age, income, credit score, amounts, rates and documents - read from its own pages and labelled by how sure we are. Last verified 2 November 2026.
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How IDFC FIRST Bank tends to lend (our read): Digital-first and fast, but runs a split credit-score policy: materially stricter on self-employed files than on salaried ones. Longest unsecured tenure of the banks here. Lends in: Metro, Tier 2 locations.
21 to 60 years (age when the loan ends); self-employed up to 68
Minimum income
₹25,000 net per month; ₹20,000 if your salary account is with this lender
Minimum credit score
710 (CIBIL or equivalent); self-employed 760
Employment
Salaried or self-employed
Work experience (salaried)
1 year total, 6 months with the current employer
Loan amount
₹1,00,000 to ₹40,00,000
Tenure
9 months to 7 years
Interest rate
9.99% to 20% p.a.
EMI-to-income limit (FOIR)
About 55% of incomeOur working estimate - lenders rarely publish this
Fees and charges
Processing fee 0% to 3.5% of the loan amount including GST; foreclosure nil (FIRSTmoney); late payment 12% a year or Rs 300, whichever is higher; bounce 12% of EMI (Rs 400 to Rs 1,000) + GST; 3-day cooling-off period.
Research notes
The main personal-loan page gives age 21 to 60 and CIBIL 710+; the 760 self-employed score, the 28 to 68 self-employed age band and the Rs 20,000 / Rs 25,000 income floors come from the eligibility calculator page and were not re-confirmed in the Oct 2026 review. FIRSTmoney, the digital variant, lends Rs 50,000 to Rs 15 lakh over 9 to 60 months with no part-prepayment allowed; the amount and tenure here describe the main product and are kept. Rate starts at 9.99% (the 20% cap is our estimate; contracted loans ran 9% to 28%); 55% FOIR and 24x multiple are our estimates.
21 to 60 years (age when the loan ends); self-employed up to 70
Minimum income
₹8,333 net per month; self-employed: ₹1,50,000 a year
Minimum credit score
700 (CIBIL or equivalent)
Employment
Salaried or self-employed
Work experience (salaried)
3 years total
Business vintage (self-employed)
4 years in business
Funding (LTV)
Within RBI limits: up to 75-90% of the property value, depending on the loan size
Loan amount
₹5,00,000 to ₹5,00,00,000
Tenure
1 year to 30 years
Interest rate
7.75% to 11.5% p.a.
EMI-to-income limit (FOIR)
About 55% of incomeOur working estimate - lenders rarely publish this
Fees and charges
Processing fee up to 3% (admin/IMD up to Rs 6,500 forms part of it); prepayment nil on floating rate, up to 2% on fixed; penal 12% a year or Rs 300 after a 7-day grace; bounce 12% of EMI (Rs 400 to Rs 1,000) + GST; floating-to-fixed switch 0.1% or Rs 10,000, whichever is lower.
Documents IDFC FIRST Bank lists
PAN (or Form 60); photo ID and address proof (passport, voter ID, driving licence, Aadhaar, NREGA card, NPR letter)
Salaried: 3 months' salary slips, latest ITR or Form 16 (2 years if bonus counted), 6 months' salary-credit bank statements
Self-employed: ITR with computation, balance sheet and P&L, GST returns, 6 months' business and savings statements, business and business-address proof
Property: draft sale deed and chain title, allotment/possession letter, society NOC
Existing loan repayment track and sanction letters
Research notes
Eligibility page and calculator: salaried age 21 to 60 or retirement with Rs 1 lakh annual salary and 3 years' experience; self-employed age 23 to 70 with Rs 1.5 lakh annual income and 4 years of business continuity; tenure up to 30 years salaried and 25 years self-employed. Rate starts at 7.75% in the rates-page table (the same page's FAQ says 8.85%, conflict noted) and is repo + 2% + a premium of up to 7.5%; the 11.5% cap is our estimate (contracted loans ran 8.50% to 10.50%). The 700 score floor, 55% FOIR and Rs 5 lakh to Rs 5 crore amounts are our estimates.
Processing fee up to 3.5% of the loan amount (term loan) + GST; late payment 2% of unpaid EMI or Rs 300 a month, whichever is higher; bounce 7.5% of EMI (Rs 400 to Rs 1,000) + GST; cancellation Rs 10,000 + interest.
Documents IDFC FIRST Bank lists
Identity proof (Aadhaar, passport, voter ID, PAN, driving licence) and address proof including office/residence ownership or rent proof
Business proof: GST certificate, MOA/AOA, shop act licence, partnership deed or Udyam as applicable
Last 6 months' bank statements; latest ITR with computation; 2 years' balance sheet and P&L
GST scheme: 12 months' GST returns; income scheme: audited financials and 2 years' ITR
Research notes
Product page: age 'between 28 and 68 years (at loan maturity)' (used as minimum 28, maximum 68 at maturity), turnover Rs 1 crore and above, 3 years of continuous operations, positive net worth and consistent cash profits, Rs 7 lakh to Rs 1 crore over 12 to 48 months. Rate starts at 13% (a separate rate page dated Aug 2025 says 12.99%); the 22% cap is our estimate. The page FAQ says a co-applicant is mandatory and that 700+ CIBIL improves approval chances, so both are kept as estimates; eligibility can be assessed on income, banking (average balance) or GST-turnover schemes.
By ClearToLend's estimate (not a rule IDFC FIRST Bank publishes). See the source card.
Employment
Salaried or self-employed
Vehicles financed
New car, used car
Interest rate
8.99% to 10.85% p.a.
Fees and charges
New car: processing up to 5% of the loan amount (inclusive of GST); loan management / bundled fee up to Rs 10,000 if applicable; foreclosure and part-payment 5% + GST on fixed rate; cancellation Rs 10,000 + GST; bounce 12% of EMI (Rs 400-1,000).
Documents IDFC FIRST Bank lists
Identity proof: PAN, Aadhaar, passport or voter ID
Address proof: Aadhaar, driving licence, passport or other accepted proof
Income proof: current salary slips, latest Form 16 or current ITR
Latest 6 months' bank statements
Dealer documents: proforma invoice, insurance, margin-money details and tax invoice
Research notes
IDFC FIRST's car-loan pages publish no age, income, experience or score criteria, so the block is inferred and the engine's defaults apply. The 8.99% start is the product page's advertised rate; the 10.85% top is the bank's Q4 contracted-loan maximum for new cars (used cars 9.00%-20.00%). The calculator's Rs 1-50 lakh and 11-120 month ranges are inputs, not limits, and are not used. A separate pre-owned car loan with its own fee schedule exists.
Processing nil up to Rs 7.5 lakh, up to 1.5% above (or per special scheme); foreclosure, part payment and rescheduling nil for individuals; EMI bounce 12% of EMI (Rs 400 to Rs 1,000) + GST per the fees page (rate page says 7.5%).
Documents IDFC FIRST Bank lists
Application form, photo ID, address proof and photograph (student and co-applicant)
Proof of admission and/or entrance-exam score (GRE, IELTS, GMAT as applicable)
Fee structure and academic records
Salary slips for experienced candidates, if applicable
Visa copy (or pre-visa documents) for overseas study
Co-applicant relationship proof, residence ownership proof and proof of funds
Co-applicant last 6 months' bank statements and income proof, if required
Collateral documents, if applicable
Research notes
Product page: Indian nationals including NRIs, aged 18 or above (no maximum published), with an admission letter or a pre-admission sanction; up to Rs 1.5 crore for India and abroad, up to 100% of eligible expenses, repayment up to 15 years. Collateral-free up to Rs 75 lakh only for select institutions, so no general collateral-free limit is modelled. Rate starts at 9.50%; the 14.25% cap is our estimate from the latest contracted-loan disclosure (9.00% to 14.25%, mean 10.53%). No co-applicant income or score floor is published; the 12-month minimum term and Rs 50,000 minimum amount are our estimates.
ClearToLend is not affiliated with or endorsed by IDFC FIRST Bank. Criteria are taken from public sources as of 2 November 2026 and can change; confirm the current terms with IDFC FIRST Bank before you apply. A match is not a loan offer or approval.
IDFC FIRST Bank Loan FAQs
The minimum net monthly income is ₹25,000, according to IDFC FIRST Bank's own website, as checked on 2 November 2026. Lenders can ask for more depending on your city, employer and existing EMIs.
A credit score of 710 or above, according to IDFC FIRST Bank's own website. A higher score usually gets a better rate; the lender makes the final call after pulling your report.
You need to be at least 21 and no older than 60 when the loan ends, according to IDFC FIRST Bank's own website.
Rates run from 9.99% to 20% a year, according to IDFC FIRST Bank's own website. Your own rate depends on your credit score, income and employer.
The minimum net monthly income is ₹8,333, according to IDFC FIRST Bank's own website, as checked on 2 November 2026. Lenders can ask for more depending on your city, employer and existing EMIs.
A credit score of 700 or above, according to IDFC FIRST Bank's own website. A higher score usually gets a better rate; the lender makes the final call after pulling your report.
You need to be at least 21 and no older than 60 when the loan ends, according to IDFC FIRST Bank's own website.
Rates run from 7.75% to 11.5% a year, according to IDFC FIRST Bank's own website. Your own rate depends on your credit score, income and employer.
A credit score of 700 or above, according to IDFC FIRST Bank's own website. A higher score usually gets a better rate; the lender makes the final call after pulling your report.
You need to be at least 28 and no older than 68 when the loan ends, according to IDFC FIRST Bank's own website.
Rates run from 13% to 22% a year, according to IDFC FIRST Bank's own website. Your own rate depends on your credit score, income and employer.
No. ClearToLend compares your details with IDFC FIRST Bank's published criteria without pulling your credit report, so nothing is recorded on your CIBIL file. ClearToLend is not affiliated with IDFC FIRST Bank and does not send your details to it.
