IDFC FIRST Bank
A modern, digital-first private-sector bank with strong unsecured-lending capability.
About IDFC FIRST Bank
IDFC FIRST Bank was formed in 2018 through the merger of IDFC Bank and Capital First. The bank is known for its modern, digital-first application flow and strong appetite for unsecured retail and small-business lending. IDFC FIRST often considers profiles that traditional banks decline, including self-employed and new-to-credit applicants. MahadevX is an empanelled DSA partner.
Loan Products & Rates from IDFC FIRST Bank
Indicative starting ranges. Your personalised offer is finalised by the lender based on your profile.
Personal Loan
Rate 8.85% – 23.00% p.a.; loan up to Rs 5,00,00,000; tenure up to 300 months.
Business Loan
Rate 8.85% – 23.00% p.a.; loan up to Rs 5,00,00,000; tenure up to 300 months.
Home Loan
Rate 8.85% – 23.00% p.a.; loan up to Rs 5,00,00,000; tenure up to 300 months.
Loan Against Property
Rate 8.85% – 23.00% p.a.; loan up to Rs 5,00,00,000; tenure up to 300 months.
Where IDFC FIRST Bank fits best
No two lenders are right for every profile. Here is where this one stands out.
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Self-employed and new-to-credit borrowers
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Unsecured business loans up to Rs 50L
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Modern digital application flow with minimal paperwork
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Competitive home loan rates for salaried prime profiles
Why apply through MahadevX
Multiple bank comparison
One OTP-verified application; we negotiate your file with IDFC FIRST Bank and 24+ other lenders and bring you the top offers. One CIBIL inquiry, not twenty-five.
Dedicated advisor
A real human runs your file from documentation pickup to lender coordination to disbursal follow-up. Reachable on call and WhatsApp.
Debt restructuring advisory
Unique to MahadevX: if you have existing high-EMI loans, our advisors can structure consolidation that lowers your monthly outgo before we add a new file.
Eligibility & Documents
Salaried Borrowers
- Age 21 to 60 years
- Minimum monthly income usually Rs 25,000 (Rs 50,000+ for prime products)
- Salaried with at least 2 years of work experience
- CIBIL score 700+ (750+ unlocks the best rates)
- Indian resident; pan-India serviceability
Self-Employed Borrowers
- Age 23 to 65 years
- Business vintage of 2-3 years (specific lenders consider 1 year)
- Audited financials and last 2 years ITR
- Latest 12 months GST returns and bank statements
- CIBIL score 700+ on personal and business credit
Documents Required
- PAN card
- Aadhaar card (for KYC and address)
- Latest 6 months bank statement
- Last 2 years ITR + audited financials (self-employed)
- Last 3 months salary slips (salaried)
- Property documents (for home loan / LAP)
- GST registration and last 4 quarters returns (business loan)
Is IDFC FIRST Bank right for you?
Three taps for an honest read - indicative, in your browser only.
IDFC FIRST Bank FAQs
Does IDFC FIRST lend to self-employed applicants?
Yes - IDFC FIRST is one of the more accommodating lenders for self-employed and small-business borrowers, including unsecured business loans up to Rs 50L.
Is IDFC FIRST good for new-to-credit borrowers?
Yes - IDFC FIRST has dedicated programmes for new-to-credit applicants with minimum income and stability checks.
What is IDFC FIRST's personal loan rate?
Personal loan rates start from around 10.99% p.a. for prime profiles and rise based on risk profile.
How fast is IDFC FIRST approval?
Personal loans for digital-eligible profiles can be sanctioned within 24-48 hours. Business loans 7-12 working days.
Does IDFC FIRST offer home loans?
Yes, with competitive rates for salaried prime profiles starting around 8.85% p.a.
How does MahadevX help with IDFC FIRST?
We are an empanelled DSA. We submit your file with full documentation, advocate for your case, and run the application in parallel against 24+ other lenders.
Other lending partners
MahadevX Fintech is a loan distribution associate (DSA) of its partner banks and NBFCs, not a lender. Loan sanction, interest rates and final terms are at the sole discretion of the respective RBI-regulated lender and are subject to their credit policy. Figures shown on this page are indicative. Information here references publicly available RBI and lender guidelines and is for general awareness, not financial advice.
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