IDFC First Bank
Personal Loan
Applicant Type
-Salaried individuals and self-employed professionals/business owners
Employment
-Salaried: Minimum 1 year in current job
-Self-employed/Business: Minimum 1 year in business
-Insurance agents: Minimum 2 years in business
-Self-employed/Business: Minimum 1 year in business
-Insurance agents: Minimum 2 years in business
Age Requirement
-Salaried: Typically 21–60 years (up to retirement or loan maturity)
-Self-employed: Usually 25–65 years (by loan maturity)
-Self-employed: Usually 25–65 years (by loan maturity)
Income & Work Experience
-Salaried: Minimum ₹25,000/month; ≥ 1 year total experience 1
-Self-employed: Stable business; usually ≥ 3 years of continuity
-Self-employed: Stable business; usually ≥ 3 years of continuity
Loan Amount & Tenure
-Loan up to ₹1 crore (some sources say up to ₹40 lakhs)
-Tenure ranges from 12–60 months (some up to 84 months)
-Tenure ranges from 12–60 months (some up to 84 months)
Credit & Repayment Capacity
-Preferred credit score: 700–730+
-Debt-to-income ratio (DTI) ideally below 50%; existing EMIs matter
-Debt-to-income ratio (DTI) ideally below 50%; existing EMIs matter
