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Charges

 

Processing fees (Non-Refundable) Exposure above INR 5 Lakh : Up to 0.50% of the Loan Amount
Documentation charges 1%
Stamp Duty At Actuals
Valuation At Actuals
Asset Verification At Actuals
EMI Return INR 500/- per EMI bounce
Late Payment 3% per month on outstanding (Principal, Interest)
Cheque/ECS Swap INR 500/- per transaction [Other bank to IDFC First Bank swapping - nil]
Duplicate Amortisation Schedule INR 200/- per schedule
Loan Re-scheduling /Rebooking INR 1500/- per loan
Duplicate/Special NOC INR 500/- per instance
Statement of Account INR 200/- per statement
Foreclosure/Prepayment Exposure above INR 50 Lakh: 4.00% of the principal outstanding
Legal/Collection/Repossession and Incidental
Charges
At Actuals
Loan Cancellation Loan Cancellation Charges INR 1000/- per
Loan Account
(Gap interest to be borne by customer along with No refund/waiver
of Processing fee, Stamp Duty and any other charges)

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

Interest Rate

Interest Rate Minimum : 9.50%
Maximum : 24.00%