Customer care hotlineCall 1800 10 888
Rate of Interest and applicable charges on Digital Lending:
Product |
Min ROI |
Max ROI |
Digital personal loans |
9% |
34% |
BNPL Loans/RC/Digital CD |
9.5% |
34% |
Digital personal loans
Charges Description |
Fees / Charges |
Processing fees /Usage fee |
Upto 3.5% of Loan Amount |
Late payment/Penal charges/ Default interest/Overdue (per month) |
Upto 2% of the unpaid EMI |
EMI Return/Bounce Charges |
Upto INR 600/- per EMI bounce |
EMI Pickup/Collection Charge |
Upto INR 500/- as applicable |
Foreclosure |
Upto 5% of Principal loan outstanding |
Loan Cancellation/cooling off period |
For Digital Loans, it can be cancelled within cooling off period with a payment of proportionate APR/ROI. Post Cooling off period, the loan will be treated as standard foreclosure with upto 5% charge. |
Digital Consumer Durable Loans (Digital CD/BNPL)
Charges Description |
Fees / Charges |
Processing fees |
Upto 3.5% of Loan Amount |
Facilitation Fees/Activation Fee/Usage fee |
Upto INR 500/- |
Late payment/Penal charges/ Default interest/Overdue (per month) |
Upto 5% per month of the overdue installment |
EMI Bounce Charges |
Upto INR 400/- per EMI bounce |
EMI Pickup/Collection Charge |
Upto INR 350/- as applicable |
Foreclosure |
Upto 5% of Principal loan outstanding |
Cancellation & Rebooking charges/Cooling off period |
For Digital BNPL Loans, it can be cancelled within cooling off period with a payment of proportionate APR/ROI. Post Cooling off period, the loan will be treated as standard foreclosure with upto 5% charge. |
1. GST, as applicable, will be levied on all service charges.
2. Foreclosure charges will be levied based on the applicability and other Terms and Conditions.
3. The above Schedule of Charges is subject to revision from time to time by the Bank.
For Queries or Complaints, reach us at: Customer Care: 1800 10 888 Email Id: Banker@idfcfirstbank.com
In case you are not satisfied with the response received from access channels, you can escalate your concern by contacting the Nodal Officer via email - nodaldesk@idfcfirstbank.com or call 022-41652700 between 09:30 am and 6:00 pm (Monday to Saturday, excluding bank Holidays). For any further escalation, write in to Mr. Vipul Raj , PNO, IDFC FIRST Bank Ltd. Building No.2, Raheja Mindspace, MIDC Industrial Area, Shiravane, Juinagar, Nerul, Navi Mumbai 400706, Maharashtra, India. Email - pno@idfcfirstbank.com or call 1800 209 9771 (24x7).