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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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Commercial Vehicle Loan Fees & Charges

Schedule of Charges

Loan Processing Fees  Upto 5% of Loan Amont (excl GST)  
EMI Return ₹500/- +GST per EMI bounce  
Late Payment 2% per month on outstanding (Principal, interest) instalment  
Cheque Swap Charges (per swap) ₹500/- per transaction
[Other bank to IDFC swapping - nil]
 
Foreclosure/ Prepayment Charges

5% of the principal outstanding amount + GST

 
Duplicate No Objection Certificate Issuance Charges ₹500/- per instance  
Physical Statement of Account ₹200/- per statement  
Stamp Duty As per actuals   
Loan Cancellation Charges Loan Cancellation Charges ₹1000/- per Loan Account (Gap interest to be borne by customer along with No refund/waiver of Processing fee, Stamp Duty and any other charges)  
Valuation As per actuals   
Asset Verification As per actuals   
Legal/Collection/Reposseion/Incidental As per actuals   
Documentation Charges Upto ₹20,000  
Duplicate Amortization Schedule ₹200/- per schedule  
Loan Reschuling/Rebooking ₹1500/- per loan  
Part Payment Charges(If applicable) 5% of the principal outstanding