IDFC FIRST Bank review
Updated October 12, 2026 · SumCue Editorial Team
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Our verdict
IDFC FIRST Bank is a comprehensive personal banking provider anchored in personal loans alongside accounts, cards, investments and payments. It suits households coordinating borrowing with deposits, everyday payments and longer term investment goals in the same place, supported by planning calculators and broad card choice.
Key facts
- Best for
- Households handling saving, borrowing and spending together
- APR
- 9.99%↗
- Loan amount
- up to ₹1,500,000↗
- Rate type
- Variable↗
- Lender type
- Direct lender↗
- Loan types
- Personal, Car, Student, Business, Secured↗
- Credit needed
- Poor↗
- Legal entity
- IDFC FIRST Bank Ltd↗
- Headquarters
- India↗
- Founded
- 2018↗
- Support channels
- Help-centre↗
- Pricing model
- No annual fee
- Features
- Rewards, Secured
- Official website
- idfcfirstbank.com
Credit cards
- Annual fee
- ₹0↗
- Currency conversion fee
- 0%↗
- Rewards type
- Cashback↗
- Rewards rate
- 1% online up to INR 10,000 per statement cycle, 2% on incremental online spends above INR 10,000, 1% on UPI via the IDFC FIRST Bank app, 1% in-store, 0.5% on select categories, plus 1% bonus on hotel and flight bookings in the app; total capped at INR 500 per statement cycle↗
- Perks
- Personal accident cover of INR 200,000, Lost card liability cover of INR 25,000, UPI-enabled RuPay credit card auto-linked to the IDFC FIRST Bank app, No income proof or credit history required, Fixed deposit keeps earning interest while funding the card, Zero forex markup on international spends, Cash withdrawal interest-free for up to 45 days at a nominal fee of INR 199 plus GST↗
- Cashback rate
- 0.5% to 2%↗
- Card kind
- Credit↗
Debit cards
- Card type
- Debit↗
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- Wide personal banking range across accounts, loans and investments
- Personal, vehicle, education related and property backed borrowing choice
- Deposit, current and savings accounts alongside payment services
- Broad debit and credit card range with rewards linked variants
Cons
- Very wide catalogue across loans, cards and accounts needs careful review
- Investment linked borrowing keeps investments tied to credit needs
Who it suits
- Households managing accounts, borrowing and investments together
- Borrowers seeking personal, vehicle or education related loans
- Savers using deposits alongside everyday payments
Who should look elsewhere
- People seeking only a single specialist loan
How IDFC FIRST Bank compares
Where IDFC FIRST Bank is available
- Available
- India
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does IDFC FIRST Bank offer?+
IDFC FIRST Bank provides comprehensive personal banking across accounts, loans, investments and payments. The range includes savings and current accounts alongside deposit products, cards and investment services. It supports households managing everyday banking and longer term goals together.
Which borrowing options does it cover?+
Borrowing covers personal loans as well as loans against property and loans linked to investments. The range also includes planning calculators for eligibility review and monthly budgeting. Vehicle and education related borrowing sits alongside those core personal options.
Which accounts does it cover?+
Accounts cover savings accounts with several variants for different needs. The range also includes fixed deposits, recurring deposits and current accounts. Current account features support salary payments, vendor payments and balances linked to deposits.
Which cards and investment services are covered?+
Cards cover debit cards and a broad credit card range with rewards and lifestyle variants. Investment services cover demat and trading accounts, managed products and insurance linked investments. Payment and card tools support everyday spending and bill management.
Which company operates IDFC FIRST Bank?+
IDFC FIRST Bank is operated by IDFC FIRST Bank Ltd. (Source, checked September 26, 2026)
Where is IDFC FIRST Bank based?+
IDFC FIRST Bank is based in India. (Source, checked September 26, 2026)
When was IDFC FIRST Bank founded?+
IDFC FIRST Bank was founded in 2018. (Source, checked September 26, 2026)
How can I contact IDFC FIRST Bank support?+
IDFC FIRST Bank offers support through Help-centre. (Source, checked September 26, 2026)
Sources
- bankbazaar.com/home-loan-interest-rate checked September 26, 2026
Backs: Initial rate
“IDFC First Bank 7.75% p.a. onwards”
- idfcfirst.bank.in checked September 26, 2026
Backs: Card type, Headquarters, Loan types, Support channels
“Cards”
- idfcfirst.bank.in/personal-banking/loans/personal-loan checked September 26, 2026
Backs: Loan amount, Lender type
“Apply for Personal Loan Online Up to 15 Lakh at 9.99% p.a.”
- idfcfirst.bank.in/personal-banking/loans/personal-loan/pe... checked September 26, 2026
Backs: APR
“Personal Loan Interest Rate (Sept'26) - Starts @ 9.99%”
- idfcfirstbank.com/about-us/our-history checked September 26, 2026
Backs: Founded
“IDFC FIRST Bank was founded by the merger of Erstwhile IDFC Bank and Erstwhile Capital First on December 18, 2018.”
- idfcfirstbank.com/credit-card/quantum-plus-credit-card checked September 26, 2026
Backs: Annual fee, Card kind, Cashback rate, Credit needed, Features, Currency conversion fee, Legal entity, Pricing model, Perks, Rewards rate, Rewards type
“Quantum+ is a lifetime free credit card with no joining and annual fees.”
- idfcfirstbank.com/personal-banking/accounts/savings-account checked September 26, 2026
Backs: Account kind
“Savings Account - Open Bank Account Online in 5 Minutes | IDFC FIRST Bank”
- idfcfirstbank.com/personal-banking/accounts/savings-accou... checked September 26, 2026
Backs: Headline rate, Rate type
“Earn up to 7% interest on your Savings Account”
- idfcfirstbank.com/personal-banking/loans/home-loan checked September 26, 2026
Backs: Purpose
“Apply for Home Loan Online | Best Home Loan Rates | IDFC FIRST Bank”
Compiled from 9 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: Term, Arrangement fee, Credit check, Funding time, Representative example.