Two Wheeler Loan Fees & Charges

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*	12% 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. Technical Bounce charges will be applicable for each month from third consecutive bounce month with any of the below reasons; • 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)	12% p.a. (1% p.m.) of the unpaid EMI or Rs. 300 whichever is higher. No GST is applicable on penal charges.
Collection Legal charges	As per Actuals
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.

Calculate your Two-Wheeler Loan EMI

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