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FIRSTmoney Fees & Charges
The interest rates at IDFC FIRST Bank are regularly updated depending on market conditions. Refer to the table below to know our current loan rates.
Product type | Minimum ROI (Fixed ROI – Monthly Reducing) | Maximum ROI (Fixed ROI – Monthly Reducing) |
---|---|---|
FIRSTmoney | 10.99% | 23.99% |
Refer the table below to know applicable Schedule of Charges:
Types of Fees | Applicable Charges |
---|---|
Processing fees (including GST)
|
2% |
Late payment/Penal charges | 2% of the unpaid EMI |
Stamping Charges | As per actuals |
EMI Bounce charges per presentation | ₹ 500.00 |
Cheque/ Mandate Swap charges (per swap) | ₹ 500.00 |
EMI Pickup/Collection Charges | ₹ 500.00 |
Duplicate No Objection Certificate Issuance Charges | ₹ 500.00 |
Physical Statement of Account/Repayment Schedule | ₹ 500.00 |
Foreclosure / Prepayment charges | NIL |
Document retrieval charges (per retrieval) | ₹ 500.00 |
Cooling-Off Period (Borrower can exit the loan within the cooling-off period by paying the principal and the proportionate charges without any penalty. The loan can be cancelled within 3 days in the cooling off period) | 3 days |
GST, as applicable, will be levied on all service charges.
The above Schedule of Charges is subject to revisions from time-to-time by the Bank, and will be updated here on the official Bank website.
Please refer your loan document for all the schedule of charges applicable to your loan.