“FIRSTmoney” loans from IDFC FIRST Bank change the way people borrow money

July 31, 2025: With its revolutionary FIRSTmoney personal loan, IDFC FIRST Bank is setting a new standard in digital lending. You can get up to Rs. 10 lakhs in less than thirty minutes through a fully digital process. This new service shows how much the bank cares about putting customers first, being quick, and being good at digital technology. It fits nicely with the changing financial needs of today’s tech-savvy customers.

Taking a look at the power of FIRSTmoney

With an easy-to-use mobile banking app and a smart underwriting engine, FIRSTmoney is changing the way people get personal loans. Key features that make it easy to use and see through are:

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Customers can choose loan amounts from Rs. 50,000 to Rs. 10 lakhs and payback periods from 9 to 60 months using a simple drag-and-drop feature. They can also pick the date of their EMI payment between the 3rd and 8th of the month.

No Foreclosure costs: Borrowers can pay off their loans early without having to pay any extra costs.

Rates that are competitive and clear: Personal loan interest rates start at 9.99% per year on a declining balance method, and all expenses are made clear from the outset.

The whole application is online, so you don’t need to send in any physical paperwork or collateral.

Multiple Loans: Once authorized, users can get more loans through the app in only five minutes, without having to reapply or send in more documentation. You only pay EMIs on the amount that was actually given out.

This personal loan can help with a lot of different money problems, such paying for medical emergencies, travel plans, weddings, school, or just keeping track of your monthly cash flow.

FIRSTmoney is a key part of IDFC FIRST Bank’s vision

The FIRSTmoney personal loan fits very well with IDFC FIRST Bank’s larger goal of being a “digital-first” universal bank. The bank serves more than 35.5 million customers at 60,000 locations, making it easy to integrate large-scale, ethical, and digital banking. Customer ease, openness, and financial inclusion are still at the heart of its operations, which shows how committed it is to its large customer base.

Effect and Acknowledgment

The bank’s paperless and rapid digital lending method has been greatly improved by the smooth integration of FIRSTmoney. This new idea is part of a bigger trend of recognition for the bank. Forbes and Statista recently named it one of the “World’s Best Banks 2025,” which shows how well it does and how much it cares about its customers.