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Home Loans, now at 6.90% p.a.
Unlimited benefits with a start-to-finish digital process with IDFC First Bank Home Loans
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Charges
| Items | Charges | Remarks |
|---|---|---|
| Processing Fees | Upto 3.5% of loan amount | Taken at the time of loan agreement execution |
Other Charges
| Items | Charges | Remarks |
|---|---|---|
| Repayment instrument swap charges | ₹500 | Per repayment change request |
| Duplicate No Objection certificate / No Due Certificate | ₹500 | Request in addition to bank's issued letter |
| Other Statutory / Mortgage creation charges e.g. Stamp duty, MOD, MOE, etc. | on actuals | As applicable for each state for creation of mortgage |
| Cancellation and Rebooking Charges | For cancellation after disbursal 1) Before cheque encashment – ₹10000 2) Post cheque encashment/RTGS cases – ₹10000 + Interest from the date of disbursement |
|
| Physical Repayment Schedule |
₹500 | |
| Physical Statement of Account |
₹500 | |
| Cheque Swap Charges |
₹500 | |
| Document retrieval charges (per retrieval) |
₹500 | |
| Stamping Charges |
As per actuals | |
| Part Payment charges |
*Part Payment is not allowed |
Charges on account of delayed payments / defaults
| Items | Charges | Remarks |
|---|---|---|
| Late Payment/Penal Charges/Default Interest/Overdue(Per Month) |
2% of the unpaid EMI or ₹300 whichever is higher | |
| EMI Pickup/Collection Charges |
₹350 | |
| EMI bounce charges | ₹400 | For each presentation dishonoured |
Foreclosure charges
5% of principal outstanding