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Introducing the First-in-industry IDFC FIRST Bank's Super Account
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You gain a dedicated partner committed to helping you reach your full potential and achieve new heights
Know More- Account with Auto-Sweep FD
- Account for all Domestic businesses
- Account for Importers & Exporters
- Account for Start-ups
- Accounts for Trusts/Associations/Societies/Clubs
- Account for Merchants
- Account for Agri Traders
- Account for Self-employed professionals
- Special Purpose Accounts e.g. SNRR, RERA, EEFC
BRAVO (Auto Sweep)
Convert the idle funds in your current account into a fixed deposit with the BRAVO feature.
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Streamline your export process with digital convenience with IDFC FIRST Bank's Export Solutions
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Make more than one online payment in just a few clicks with IDFC FIRST Bank Bulk Payments
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Pre-owned Car Loans Fees and Charges
Pre Sales charges
| Products/Type of charges* | Pre-owned car loan |
|---|---|
| Stamping Charges | As per actuals |
| Processing fees | Upto 5% of the total loan amount (Inclusive of GST) |
| Loan Management Fee/Bundled Fee(If Applicable) | Up to 10000 (Inclusive of GST) |
| Pre EMI-Charge (If Applicable) | As per actuals |
| Valuation Charges(If Applicable) | Upto 4000 + GST |
| Asset Verification Charges (If Applicable) | Upto 4000 + GST |
| PDD Charges | Upto 2000 + GST |
| Insurance | If Applicable |
| Vendor Service Charge | 0.5% or up to 7000 whichever is lower (inclusive of GST) |
Post Sales charges
| Products/Type of charges* | Pre-owned car loan |
|---|---|
| EMI Bounce charges (per presentation) | 7.5% of EMI Outstanding or 400 whichever is higher with maximum capping of 1000 (Exclusive of GST) |
| Cheque Swap charges (per swap) | NA |
| Cancellation & Rebooking charges | ₹10000+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. Note: Cases beyond 30 days would be treated towards cancellation only with requisite approval. |
| Foreclosure / Prepayment charges* | 5% of Principle Outstanding Amount + GST (unless specifically approved for lower FC Charges prior to disbursement) |
| Physical Repayment Schedule | ₹500 + GST |
| Physical Statement of Account | ₹500 + GST |
| Document retrieval charges (per retrieval) | ₹500 + GST |
| Part Payment charges | 5% of part payment + GST |
| EMI Pickup/ Collection Charges | ₹500 + GST |
| Legal/Collections/ Repossession & Incidental Charges | As per actuals |
| Late payment/Penal charges/Overdue (per month) | 2% per month of the unpaid EMI or ₹300 whichever is higher (GST is not applicable) |
| Duplicate No Objection Certificate (NOC) Issuance Charges |
|
| Transaction/Other Fees (if applicable) | As per Actuals |
| Easy Buy Card Replacement Fee (If Easy Buy Card Applicable) | NIL |
| Easy Buy Card Annual Fee (If Easy Buy Card Applicable) | NIL |
| Technical bounce charges | Charge rates would be same as applicable under EMI bounce charges |
*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)
Any changes in fees/charges will be effective prospectively.
