🇮🇳 India

IDFC First Bank Last updated2026-05-28

IDFC First Bank EMI Calculator 2026 rates.

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Quick answer

IDFC First Bank home loan rate starts at 8.85% (typical 9.35%) as of 2026. A ₹50 lakh loan at 9.35% over 20 years = an EMI of approximately ₹46,118/month.

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EMI Calculator

Live

Loan Amount

₹

₹25.00 L

Interest Rate (p.a.)

Tenure (years)

Monthly EMI

₹21,696

/month

Total Interest

₹27.07 L

52% of total

Total Payable

₹52.07 L

over 20 years

Principal vs Interest Split

48% principal

52% interest

✨ Live · For home, personal, auto, education loans · Excludes processing fees

📊 Current rates

IDFC First Bank loan rates (May 2026)

🏠 Home Loan

8.85–11.25%

typical: 9.35% p.a.

💵 Personal Loan

10.49–22%

typical: 12.5% p.a.

🚗 Car Loan

8.99–14.5%

typical: 9.7% p.a.

💳 Processing Fee

0.50-1.5% of loan amount (max ₹15,000 for home loans). Often discounted online.

🔁 Prepayment

Zero on floating-rate retail loans. Personal loan: foreclosure free after 6 EMIs.

About IDFC First Bank

Why choose IDFC First Bank?

IDFC First Bank was formed by the 2018 merger of Capital First (an NBFC) and IDFC Bank. It now operates around 1,000 branches with a heavy focus on retail credit — retail accounts for 76% of loan book vs ~50% at typical PSBs. Total advances around ₹2.4 lakh crore as of FY2025.

🎯 Unique angle

IDFC First is India's most digitally-native bank for personal loans — full e-KYC, soft-pull credit check, and disbursal in under 2 hours for existing customers. Also among the few banks offering monthly-reducing-balance personal loans transparently (vs hidden flat-rate at smaller lenders).

Product highlights

✓ IDFC First Home Loan: 8.85-9.85% with 30-year term
✓ IDFC First Personal Loan: rates from 10.49% with full digital journey
✓ IDFC First Easy Home Loan for under-30 first-jobbers (lighter docs)
✓ Zero-charge savings account integration (bundled with loans)
✓ WealthFirst loans against mutual funds and equity holdings

❓ IDFC First Bank FAQ

Common questions.

Why is IDFC First Bank personal loan so popular?

Three reasons: (1) fully digital application with disbursal in 2 hours, (2) genuinely lower rates than most private banks for prime credit (CIBIL 800+), and (3) flexible foreclosure post-6 EMIs without charges. The combination of speed + price is rare in Indian retail credit.

IDFC First Easy Home Loan — what makes it different?

Easy Home Loan accepts younger first-time borrowers (typically 25-30 years) with less income history. The bank uses bank-statement-based scoring instead of full Form 16 + 3-year ITR. LTV is capped at 80% and rate is ~25-40 bps above standard, but eligibility is much broader.

Does IDFC First do loans against mutual funds?

Yes — WealthFirst Loan Against MF lets you borrow up to 50% of equity MF NAV and 75% of debt MF NAV without redeeming. Rates start around 9.5% and the line stays open as long as your MFs remain pledged. Useful for short-term liquidity without triggering capital gains.

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