Notifications

  • As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.

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Gold Loan Fees & Charges

SCHEDULE OF CHARGES (As Amended/revised From Time To Time)

 

Loan Processing Fees: 1% of Loan Amount
Penal Interest: 2% per month on the Total over due or  INR 300/-  whichever is higher
Cheque bounce charges: INR 400/-
Stamp duty charges: As per Actuals
Valuation Charges: INR 550/-
Part-payment charges: Nil
Foreclosure charges: 2% if loan is foreclosed before 3 months from date of disbursal

Interest Rate Range for Gold Loans

Product name Minimum Interest
Rate
Maximum Interest
Rate
Gold Loan 9.50% 18%

Note: All fees/charges to be paid shall be exclusive of goods and services tax(GST), as may be applicable.