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  • 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.

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Loan Against Property Fees and Charges

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Charges

Processing Fees
( Inclusive of Administrative Charges )		 Charges Remarks
  Upto 3% of loan amount Taken at the time of loan agreement execution

Other Charges

Items Charges Remarks
Repayment instrument swap charges Nil  
List of document charges ₹1000 per request for copies / list of documents
Duplicate No Objection certificate / No Due Certificate ₹500 Request in addition to bank's issued letter
Other Statutory / Mortgage creation charges e.g. Stamp duty, MOD, MOE, etc. on actuals  
Cancellation and rebooking • ₹10,000 towards Cancellation in case of uncashed disbursal Cheque
• ₹10,000 + Interest from date of disbursal till receipt of cancellation request, in case of encased disbursal Cheque		  
Loan rescheduling charges ₹ 1000 per rescheduling
PHYSICAL REPAYMENT SCHEDULE ₹500  
PHYSICAL STATEMENT OF ACCOUNT ₹500  
CHEQUE SWAP CHARGES Nil  
INITIAL MONEY DEPOSIT / APPLICATION
FEES (NON-REFUNDABLE)		 ₹6500  
DOCUMENT RETRIEVAL CHARGES  ₹500 per retrieval
STAMPING CHARGES
(Inclusive of Facilitation Charges )		 As per actuals  

Charges on account of delayed payments / defaults

Items Charges Remarks
Late Payment/Penal Charges/Default 2% of the unpaid EMI or ₹300 whichever is higher per month
EMI Pickup/ Collection Charges ₹500  
EMI bounce charges 7.5% of EMI amount (Min – INR 400 ; Max – INR1000) For each presentation dishonoured

*Revised bounce charges are effective from April 1, 2025
Overdue handling charges (Delinquent Accounts) At actuals plus applicable taxes if any  

Switch Fees

Itesm Charges Remarks
Switch Fees

Principal Outstanding< 3 Crs - ₹5000 + GST

Principal Outstanding >= 3 Crs - ₹10,000 + GST

 Switch Fees is applicable for Variable rate loans for conversion from MCLR to EBR applicable on the outstanding loan amount.
Interest Rate Switch

(Floating to Fixed where the end use is Personal wherever applicable as per regulatory guidelines) - 0.1% of the sanctioned loan amount or Rs.10,000/- whichever is lower including applicable charges/ taxes.

 It can be exercised twice during the entire tenure of the loan facility. Once interest rate is switched from floating rate to fixed rate, it will not be allowed to switch back to floating rate for minimum three years from the date of switch. The applicable fixed interest rate will be the prevailing fixed interest rate at the time of switch.

Re-pricing Fees

Itesm Charges Remarks
Re-pricing Fees

1/2 of rate drop given to the customer as a % or 

₹10000,

whichever is higher

 Re-pricing Fee will be charged on the principal loan outstanding. At the request of the borrower, bank at its sole discretion may permit the borrower for repricing of the loan.

Part prepayment charges (terms as per sanction letter to supersede charges and agreement)

• Fixed Rate Loans above ₹50 Lakhs will attract charges irrespective of MSME classification.

• For fixed rate loans below ₹50 lakhs and for floating rate loans, Pre/Part-payment charges will be NIL for Micro/Small enterprises subject to classification on Udyam Registration Certificate of said borrower at the time of loan closure. 

Part payment for Individual, Medium Enterprises:

Borrower Type Loan Purpose Fixed Rate Floating Rate
Individual Personal 5% 0%
Business 5% >24 EMIs cleared  4%; else 5%
Medium Enterprise/ Non-Individual Personal/Business 5% >24 EMIs cleared  4%; else 5%

• The above charges are exclusive of GST

• The charges are applicable on principle outstanding

Foreclosure charges

• Fixed Rate Loans above ₹ 50 Lakhs will attract charges irrespective of MSME classification.

• No foreclosure will be permitted until 12 EMIs are paid.

• For fixed rate loans below ₹50 lakhs and for floating rate loans, Pre-payment charges will be NIL for Micro/Small enterprises subject to classification on Udyam Registration Certificate of said borrower at the time of loan closure. 

Foreclosure charges for Individual, Medium Enterprises:

Borrower Type Loan Purpose Fixed Rate Floating Rate

Individual

 Personal 5% 0%
Business 5% >24 EMIs cleared  4%; else 5%
Medium Enterprise/ Non-Individual Personal/Business 5% >24 EMIs cleared  4%; else 5%

• The above charges are exclusive of GST

• The charges are applicable on principle outstanding or current limit in case of overdraft facility

Interest Rate

All loans disbursed on or before 30th September 2019 would continue to be linked with MCLR.

Re-Pricing frequency

Loans booked from 1st October 2019 onwards which are linked with EBR (External Benchmark Rate) would be reset every 3 months.

Charges on Dropline Overdraft facility

1.  Annual Maintenance Charge – INR 10,000 + taxes

2.  Non Utilization Charge -  If day end utilized amount is equal to zero for a continuous period of 90 days, 0.25% of limit will be levied

3.  Penal Charges on overdrawn accounts - 2% per annum on the overdrawn amount

4.  Delay in submission of Post Disbursal Document (Deferral) - Non-completion of post disbursal documents (deferrals) beyond 90 days will attract 2% penal charges (charged on monthly basis), subject to a maximum amount of INR 25000

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

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