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Notifications

  • 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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Tractor Loan Fees & Charges

Tractor Fees and Charges

  Particulars of charges  
Products Interest Charges Processing Fee
New Tractor 12% - 16% 1% of sanction loan amount + GST
Used Tractor 16% - 20% 2% of sanction loan amount + GST

Other Charges

Particulars of charges

Descriptions

EMI Bounce Charges

7.5% of EMI bounced with minimum charge of Rs. 400 & maximum of Rs. 1000 (excluding GST)

Late Payment charges

2% of the EMI overdue or Rs 300 which is higher + GST

 

Stamp duty

As per actual

Valuation (Used Tractor)

As per actual

Legal/Collection/Repo Charges

As per actual

Loan Cancellation

Rs 1000 + GST

Duplicate NOC

Rs 500 + GST

Foreclosure/Pre-Payment

2% of o/s loan amount + GST

Collection EMI Pickup charges

Rs.500 + GST

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.