Instant Loan Related | IDFC FIRST Bank

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What are the charges for an instant loan taken via my IDFC FIRST Bank Credit Card?

Instant loan on an IDFC FIRST Bank Credit Card will incur the below charges:

One-time processing fee of Rs.499 or 2% of the loan amount + GST, whichever is higher.
In the event of foreclosure, 3% + GST will be applied to the principal outstanding. A prorated interest rate will also be charged on the balance.

What are the foreclosure charges for an instant loan taken via my IDFC FIRST Bank Credit Card?

In the event of foreclosure of an instant loan taken on an IDFC FIRST Bank Credit Card, a foreclosure charge of 3% + GST will be applicable on the outstanding principal amount. The balance amount will also be charged pro-rated interest.

What is the eligibility criteria for applying for an instant loan via my IDFC FIRST Bank Credit Card?

It is an offer-based facility, and there are no eligibility requirements for applying for an instant loan with the IDFC FIRST Bank Credit Card.

What is the tenure of an instant loan taken via my IDFC FIRST Bank Credit Card?

IDFC FIRST Bank offers instant loans on credit cards with a tenure ranging from 3 months to 48 months.

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