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Home Loans, now at 6.90% p.a.
Unlimited benefits with a start-to-finish digital process with IDFC First Bank Home Loans
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Fees
| Upto Rs.* | Remarks | |
| Processing fees | Processing Fees of upto 3.5% will be be deducted from the loan amount at the time of disbursal. | Collected at the time of loan disbursal |
Other Charges
| Upto Rs. | Remarks | |
EMI bounce charges |
Rs.400 |
For each presentation dishonoured |
Repayment instrument swap charges |
Rs.500 |
per change request |
Statement of Account (Adhoc/Duplicate) |
Rs.500 |
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Duplicate No Objection certificate / No Dues Certificate |
Rs.500 |
Per request, in addition to Bank's issued letter |
Cancellation/Rebooking Charges |
1% of the loan amount + interest from date of disbursal till receipt of cancellation request Cancellation request to be received within 30 days of loan booking date or 1st EMI presentation date, whichever is earlier. Post which cancellation will be treated as foreclosure |
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Stamping Charges |
As per actuals |
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Physical Repayment Schedule |
Rs. 500 |
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Document retrieval charges (per retrieval) |
Rs. 500 |
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EMI Pick up/ Collection Charges |
Rs. 350 |
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Foreclosure charges |
5% of loan amount |
Foreclosure/Prepayment of the loan is possible anytime during the loan tenure after payment of 12 or more EMIs. Foreclosure to be made from customers own funds. |
Charges on account of delayed payments / defaults
| Overdue Interest | 2% of the unpaid EMI or Rs 300 whichever is higher | |
Part Prepayment fees
| Upto Rs. | Remarks | |
| Simple Personal Loans | Not applicable | Part Prepayment Facility not available for Simple Personal Loans |
| Smart Personal Loans | Maximum 40% of current Principal Outstanding is allowed for part payment once in a FY. This option is available only post initial 3 EMI payments. For availing this option 2% part payment charges is applicable on partial payment. |
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Foreclosure charges
| Upto Rs. | Remarks | |
| Simple Personal Loans and Smart Personal Loans |
5% of Principal loan outstanding | |
Interest Rate
| Interest Rate | Interest Rate on your loan will be the rate as applicable at the time of signing the loan agreement basis actuals. Interest for the month will be charged on the EMI cycle basis loan outstanding on daily basis for actual number of days in a month | |
| Registration Charges | Agreement registration charges will be on actuals, to be deducted from the loan amount at the time of disbursal | |
* Loans less than 1 lakh will have a flat Processing Fee of Rs 2999/-
All fees/charges to be paid shall be exclusive of goods and services tax (GST), as may be applicable. 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 stipulated 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
