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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 - customer onboarding: Fees & Charges
| Products/Type of charges | TWO-WHEELER |
| Loan Management Fees (if applicable) | Up to Rs.2000 |
| Platform Facilitation Fees (if applicable) | Up to Rs. 4000 |
| 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 towards Cancellation + GST and Additional Interest charges from date of disbursal till receipt of 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. • INP CONSECUTIVE BOUNCE • INP MANDATE INVALID • MANDATE REJECTED BY BANK • REJECTED |
| EMI Pickup/ Collection Charges* | Rs. 500 |
| Foreclosure / Prepayment charges* | 5% of principal outstanding amount |
| Late payment/Penal charges/Overdue (per month) | 2% per month of the unpaid EMI or Rs 300 whichever is higher, no GST is applicable on penal charges. |
| Collection Legal charges | NA |
| Part Payment charges | 5% of the part payment amount + GST. |
| 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.
*Charges above are exclusive of GST
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 bike 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.
Are there any documentation charges for a two-wheeler loan?
No, there are no documentation charges applicable on our two-wheeler loans.
Is there a charge for loan foreclosure?
Yes, foreclosure is allowed with a charge of 5% of the principal outstanding.
