Explore all Credit Cards
Premium Metal
0% Forex & Travel
Lifetime Free
10X Rewards
UPI Cards
Fuel & Utility
Showstopper
Credit Builder
More
Customer Support
Explore NRI Banking
NRI Savings Account
NRI Fixed Deposit
FOREX Solutions
Transfer to NRE
Markets & Beyond
Customer Support
Explore Startup Solutions
Explore Corporate Banking
Corporate Account
Cash Management Services
Supply Chain Finance
Corporate Lending
Treasury
NBFC Financing
Customer Support
BRAVO (Auto Sweep)
Explore Business Banking
MSME Accounts
Trade Services
MSME Loan
MSME Solutions
Debit Card
Offers
Customer Support
Explore Gift City
About Us
Investors
Careers
ESG

FOLLOW US ON :

Download Now

  • App Store
  • Google Play

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.

  • Activate your Credit Card within minutes and enjoy unlimited benefits

    Know More

  • One FASTag, three payments:Toll, fuel and parking

    The only FASTag with triple benefits

    Apply Now

FIRST STEP Micro Business Loan

Charges

 FIRST STEP MBL CHARGES CHARGE AMOUNT (in INR)
EMI Bounce charges per presentation 7.5% of EMI bounced with minimum charge of Rs. 400 & maximum of Rs. 1000 (excluding GST)
Penal Charges for Delay of Payment 2% per month of the unpaid EMI or Rs 300 whichever is higher. Taxes not applicable for penal charges.
Cancellation & Rebooking charges 10000 within 30 days of disbursement or 1st EMI presentation whichever is earlier, Post 30 days or 1st EMI presentation request for cancellation will be treated as foreclosure (Exclusive of GST)
Processing fees Up to 3.5% of the total amount (Exclusive of GST)
Foreclosure / Prepayment charges 5% of Principal Outstanding Exclusive of GST. Nil for Micro & Small Enterprise Customers (Latest Udyam Registration Certificate Mandatory). Prepayment/Foreclosure shall be allowed only after 12 EMI.
Part Payment charges Part Payment is not allowed
Loan re scheduling charges (per re scheduling) 300 Exclusive of Taxes
Duplicate No Objection Certificate Issuance Charges 500 Exclusive of GST
Repayment Schedule 500 Exclusive of GST
Statement of Account 500 Exclusive of GST
Document retrieval charges (per retrieval) 500 Exclusive of GST
Stamping Charges As per actuals
EMI Pick up/ Collection Charges 500 Exclusive of GST
Initial Money Deposit charges Up to 5500 Exclusive of GST
Loan protect Insurance As applicable
Personal Accident Insurance As applicable
Merchant Cover As applicable
Property Insurance As applicable
Facilitation Fee As applicable

Get in touch with us

Compliment

Add a note of appreciation
Customer Support

Customer Support
Locate Our Branch

Locate our branch