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Two Wheeler Loan Fees & Charges

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Pre - customer onboarding: Fees & Charges

Products/Type of charges	TWO-WHEELER
Admin Fee (if applicable)	Up to Rs.1200
EBC & Push Card fee (if applicable)	Rs. 530
Other Charges (if applicable)	Up to Rs. 2000
PDD charges	Up to Rs. 2000
Stamp Duty	As per actuals
Processing fees	Up to 5% of the total amount
Security Post Dated Cheque Waiver	Rs. 0

Post - customer onboarding: Fees & Charges

Products/Type of charges	TWO-WHEELER
Cancellation & Rebooking charges	1000 + GST towards Cancellation. Cancellation to be received within 30 days or 1st EMI presentation date whichever is earlier. Post which it will be treated as foreclosure.
Document retrieval charges (per retrieval) *	0
Duplicate No Objection Certificate Issuance Charges*	Up To 500
Easy Buy CardAnnual Fee (If Easy Buy Card Applicable)	NIL
EMI Bounce charges per presentation*	10% of Outstanding EMI between the range of minimum Rs 400 & Maximum Rs 1000 Excluding GST
Technical Bounce Charges	Charge rates would be same as applicable under EMI bounce charges
EMI Pickup/ Collection Charges*	Rs. 500
Foreclosure / Prepayment charges*	5% of principal outstanding amount
Penal charges	2% per month of the unpaid EMI or Rs 300 whichever is higher ( Exclusive of GST )
Legal/Collections/ Repossession & Incidental Charges	As per actuals
Part Payment charges	Part Payment is not allowed
Physical Repayment Schedule *	Rs.500
Physical Statement of Account*	0
Valuation Charges (If applied)	As per actuals
Switching Charges	Rs 1000 Including 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.

Mandate Rejection technical Bounce Charges (for mandate rejected by your bank, to be charged for each month from 3rd consecutive bounce month onwards until the mandate is registered)

Frequently Asked Questions

What is the processing fee for a two-wheeler loan?

The processing fee is up to 5% of the total loan amount, depending on the borrower's profile and the vehicle category.

Are there any hidden charges in a two-wheeler loan?

No, IDFC FIRST Bank maintains full transparency with clearly stated fees. There are no hidden charges applicable.

Can I prepay my two-wheeler loan before the tenure ends?

Part-prepayment is not allowed. However, you can opt for foreclosure, which is permitted with applicable charges of 5% of the principal outstanding amount.

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