IDFC FIRST Bank Business Loan
New-generation private bank — digital-first journeys, flexible prepayment terms and competitive NBFC-style approval appetite with bank pricing.
★ GST-based underwriting for newer businesses.
IDFC FIRST Business Loan at a glance
- Interest rate
- 14.50% – 24% p.a.
- Processing fee
- Up to 2.5%
- Maximum amount
- ₹1 Cr (unsecured)
- Tenure
- 1 – 5 years
Indicative as compiled by QCred; the lender's live schedule prevails. Your rate depends on credit score, income and loan size.
Check your IDFC FIRST business loan offer
It takes 2 minutes. This will not affect your credit score.
IDFC FIRST vs other lenders on business loan
| Lender | Interest rate | Processing fee | Max amount | |
|---|---|---|---|---|
| HDFC Bank | 15% – 22% p.a. | Up to 2% | ₹75 Lakh (unsecured) | Apply → |
| State Bank of India | 10.75% – 16% p.a. | Up to 1% | ₹5 Cr (SME schemes) | Apply → |
| ICICI Bank | 14% – 22% p.a. | Up to 2% | ₹1 Cr (unsecured InstaBIZ) | Apply → |
| Axis Bank | 14.25% – 20% p.a. | 1.25% – 2% | ₹75 Lakh (unsecured) | Apply → |
| Kotak Mahindra Bank | 15% – 21% p.a. | Up to 2% | ₹75 Lakh (unsecured) | Apply → |
| Punjab National Bank | 11% – 15% p.a. | Up to 1% | ₹5 Cr (MSME schemes) | Apply → |
| Bank of Baroda | 10.85% – 15.50% p.a. | Up to 1% | ₹5 Cr (SME) | Apply → |
| IDFC FIRST Bank | 14.50% – 24% p.a. | Up to 2.5% | ₹1 Cr (unsecured) | Apply → |
| Tata Capital | 15% – 25% p.a. | Up to 2.75% | ₹90 Lakh (unsecured) | Apply → |
| Bajaj Finserv | 14% – 26% p.a. | Up to 2.95% | ₹80 Lakh (unsecured) | Apply → |
Eligibility
- Business vintage
- 2+ years
- Annual turnover
- ₹10 Lakh+ (varies by lender)
- Age
- 23 – 65 years
- Credit score
- 685+ recommended
Documents required
- PAN and Aadhaar of proprietor/partners/directors
- GST returns for the last 12 months
- Last 12 months' bank statements
- 2 years' ITR with financials
- Business registration proof
IDFC FIRST Bank Business Loan FAQs
What is the IDFC FIRST Bank business loan interest rate?
IDFC FIRST Bank business loan rates currently run 14.50% – 24% p.a. depending on your credit score, income profile and loan amount. The processing fee is Up to 2.5%. Rates are revised periodically — QCred confirms the live rate for your profile before you apply.
How much business loan can I get from IDFC FIRST Bank?
Up to ₹1 Cr (unsecured), subject to your repayment capacity (lenders cap total EMIs near half your net income) with tenures of 1 – 5 years. Use our eligibility calculator for a quick estimate.
Should I apply to IDFC FIRST Bank directly or through QCred?
The rate and product are the same — but through QCred you see how IDFC FIRST's offer compares against other lenders for your exact profile before committing, and one advisor tracks your file to disbursal. Our service is free; lenders pay us on disbursal.