Two Wheeler Loan Payment Related FAQs | IDFC FIRST Bank

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How much do I have to pay as a down payment for my two wheeler loan?

You need to make a down payment of minimum 5% of the total vehicle value.

Do I have to pay any processing charges for my two wheeler loan?

Yes, a processing fee of maximum up to 5% of total loan amount is charged. To know more about the charges, click here https://www.idfcfirst.bank.in/personal-banking/loans/two-wheeler-loan/fees-and-charges

How is the EMI on my two wheeler loan calculated?

You can bike loan EMI calculator to calculate the two wheeler loan EMI.

How do I prepay my two wheeler loan's EMI?

You may prepay your two wheeler loan by any of the following modes.

Mobile Banking app/Internet Banking: Once logged in Click on 'Loans' >> Click on Pay EMI.
Phone: Please reach out to us between 09:30 AM to 06:00 PM on the toll free number mentioned on our website: https://www.idfcfirst.bank.in/ for further assistance.
Branch: Alternatively, you may also visit your nearest IDFC FIRST Bank Loan Branch for assistance with the prepayment of your two wheeler loan. Click here: https://www.idfcfirst.bank.in/support/branches?icid=webhomepage-branches_page_n1-getintouch to locate the nearest Loan Branch.

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