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HDFC Bank vs IDFC FIRST Bank Personal Loan
HDFC Bank and IDFC FIRST Bank advertise the same starting rate.
| HDFC Bank | IDFC FIRST | |
|---|---|---|
| Starting interest rate | 9.99% | 9.99% |
| EMI for ₹5 lakh, 3 years | ₹16,131 | ₹16,131 |
| Total interest | ₹80,725 | ₹80,725 |
| Processing fee | Up to ₹6,500 plus GST | Not stated |
| Prepayment | Foreclosure charge 4% up to 24 EMIs, 3% from 25 to 36 EMIs, 2% after 36 EMIs | Not stated |
| Maximum tenure | - | - |
Source: HDFC Bank official page, checked 2 November 2026.
Source: IDFC FIRST Bank official page, checked 2 November 2026.
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Frequently asked questions
Which is cheaper, HDFC Bank or IDFC FIRST personal loan?
HDFC Bank and IDFC FIRST Bank advertise the same starting rate. Your actual rate may differ from the starting rate.