FIRSTmoney Fees & Charges

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Types of Fees

The interest rates at IDFC FIRST Bank are regularly updated depending on market conditions. Refer to the table below to know our current loan rates.

Product type	ROI%(Fixed ROI- Monthly Reducing)
FIRSTmoney	ROI Starting from 10.99%*

* T&C Apply

Refer the table below to know applicable Schedule of Charges:

Types of Fees	Applicable Charges
Processing fees (including GST)	2%
Late payment/Penal charges	2% of the unpaid EMI
Stamping Charges	As per actuals
EMI Bounce charges per presentation	₹ 500.00
Cheque/ Mandate Swap charges (per swap)	₹ 500.00
EMI Pickup/Collection Charges	₹ 500.00
Duplicate No Objection Certificate Issuance Charges	₹ 500.00
Physical Statement of Account/Repayment Schedule	₹ 500.00
Foreclosure / Prepayment charges	NIL
Document retrieval charges (per retrieval)	₹ 500.00
Cooling-Off Period (Borrower can exit the loan within the cooling-off period by paying the principal and the proportionate charges without any penalty. The loan can be cancelled within 3 days in the cooling off period)	3 days

GST, as applicable, will be levied on all service charges.

The above Schedule of Charges is subject to revisions from time-to-time by the Bank, and will be updated here on the official Bank website.

Please refer your loan document for all the schedule of charges applicable to your loan.

Pre-Approved Loans Schedule of Charges

For Pre-Approved Loans refer the table below to know applicable Schedule of Charges:

Types of Fees	Applicable Charges
Processing fees (excluding GST)	Upto 3.50% of the total loan amount for pre approved loans
Late payment/Penal charges	2% per month (Exclusive of GST) of the unpaid EMI or Rs 300 (Exclusive of GST) whichever is higher
Stamping Charges	As per actuals
EMI Bounce charges per presentation	500 Exclusive of GST
Cheque/ Mandate Swap charges (per swap)	500 Exclusive of GST
EMI Pickup/Collection Charges	500 Exclusive of GST
Duplicate No Objection Certificate Issuance Charges	500 Exclusive of GST
Physical Statement of Account	500 Exclusive of GST
Physical Repayment Schedule	500 Exclusive of GST
Document retrieval charges (per retrieval)	500 Exclusive of GST
Foreclosure / Prepayment charges	For Pre-approved loans, Allowed after payment of 12 or more EMI’s or 12 months whichever is later. 5% foreclosure charges applicable on principal outstanding For Pre-Approved FIRSTMoney, Allowed anytime without any charges.
Cancellation/Rebooking charges	No charges within 15 days of disbursement or 1st EMI presentation whichever is earlier. Post 15 days or 1st EMI presentation, request for cancellation will be treated as foreclosure
Part-Payment Clause	Not Allowed

GST, as applicable, will be levied on all service charges.

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