Fees
| Upto Rs. | Remarks | |
| Processing fees | Processing Fees will be deducted from the loan amount at the time of disbursal Up to 2.5% of loan amount | 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 |
|
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 |
|
Stamping Charges |
As per actuals |
|
Physical Repayment Schedule |
Rs. 500 |
|
Document retrieval charges (per retrieval) |
Rs. 500 |
|
EMI Pick up/ Collection Charges |
Rs. 350 |
|
Foreclosure charges |
Upto 5% of loan amount |
Foreclosure/Prepayment of the loan is possible anytime during the loan tenure after payment of 12 or more EMIs |
Charges on account of delayed payments / defaults
| Overdue Interest | 2% of the unpaid EMI or Rs 300 whichever is higher | |
Part Prepayment fees
Foreclosure charges
Interest Rate
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
