Consumer Durable Loan – Interest Rates & Applicable Charges

Apply for Loan

Interest Rate

Refer to the table below to know the current consumer durable loan rates

Product type	Minimum ROI (%)
Consumer Durable Loan	9.95%*

*Note: T&C Apply | Rate is applicable for minimum 6 months tenure.

Charges / Fees

Type of Fees	Applicable Charges	Remarks
Processing Fees	As applicable	Fees are applicable at the time of loan agreement execution
EMI Bounce Charges	15% of EMI Maximum :Rs. 750/-* *Note: Revised bounce charges are effective from April 1, 2025	Per instance of dishonour of cheque /SI/ECS/NACH debit instruction + GST as applicable
Penal charges/ Late Payment/Default interest/Overdue	Upto 2% per month of the overdue instalment or Rs. 300 whichever is higher	Any delay in payment of monthly installment/ EMI shall attract penal interest per month on the Monthly Instalment/ EMI Outstanding, from the date of default until the receipt of Monthly Instalment/ EMI.
Swap Charges (Cheque/ Repayment Instrument)	Nil	(Cheque/ Repayment Instrument)
EMI Pick up/ Collection Charges	Upto Rs.350	Per Pick up /collection
Tech bounce charges	Rs.300	Per tech bounce charge + GST as applicable
Foreclosure Charges	Upto 5% of principle - outstanding amount	Foreclosure of the loan is possible anytime during the loan tenure
Facilitation Charges(fees)	Other/ Bureau Pull Charges (Including GST) as below:
	Loan Amount Range	Facilitation Charge Applicable
	0 – 5,000	49
	5,001 – 10,000	99
	10,001 – 15,000	149
	15,001 – 20,000	199
	20,001 – 30,000	299
	30,001 – 40,000	399
	40,001 – 50,000	499
	50,001 – 10,00,000	599

Easy Buy EMI Card Fees

Type of Fees	Applicable Charges	Remarks
Easy Buy EMI Card Fees	Rs. 530	One time charges (Including GST)
Card Replacement Fees	NIL	NA
Easy Buy EMI Card Annual Fee	NIL	NA

Disclaimer:
GST, as applicable, will be levied on all service charges. The pre-payment/foreclosure/part payment of the loan has to be done using customer’s own funds. The Services accounting code would be provided by IDFC FIRST Bank and shall be binding on customer. In case customer is related person to IDFC FIRST Bank, GST, as may be applicable, needs to be paid by customer. The above Schedule of Charges is subject to be revised from time to time by the Bank, as will be updated on the official website of the Bank.

Get in touch with us

Add a note of appreciation

Customer Support

Locate our branch

Type of Fees	Applicable Charges	Remarks
Cancellation & Rebooking charges	NIL	Cancellation request to be received within 30 days or 1st EMI presentation date, post which cancellation will be treated as foreclosure..
Duplicate No Objection certificate/No Due Certificate	Upto Rs. 500	Request in addition to bank’s issued letter
Duplicate Statement issuance charges	Upto Rs. 500	Per instance per set + GST as applicable.
Stamp Duty	Not Applicable
Part Payment Charges	Not Applicable
Loan Rescheduling Charges	Not Applicable

Consumer Durable Loan – Interest Rates & Applicable Charges

Interest Rate

Charges / Fees

Easy Buy EMI Card Fees

Other Charges

Get in touch with us