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Elevating Micro-Business with Innovative Financial Services.
In line with the vision of our Bank and after successful lending track record at Capital First Limited, IDFC FIRST Bank continues to support and lend to Non-Banking Finance Companies (NBFCs) since its merger in Dec 2018. Our Bank believes that such retail-lending oriented NBFCs truly possess the last-mile reach into India’s millions of micro businesses and individuals that deserve funding on credit but are not able to access the same conveniently. Bank’s lending to these NBFCs is an indirect way for us to support this genre’ of India.Our Bank has pan India NBFC Coverage presence through its four dedicated teams in North, South, West and East regions. These teams help analyze, solve for the needs and process transactions for the NBFCs located in the respective regions. The Bank supports all formats of NBFCs including: Read more
Our Bank offers a wide range of products and services with the technology to leverage them anytime, anywhere and the expertise to customize them to client-specific requirements.
Bank acquires loans originated by NBFCs that satisfy acquisition criteria of banks through securitization (subscribing to Pass Through Certificates issued against such loans). This helps NBFCs to get benefit of lower interest rates through better rating. It also provides the liquidity support to NBFCs.
Bank provides its own origination criteria or designs the criteria basis the nature of products / borrowers of NBFCs. NBFCs are provided funding support to originate the loans basis the said criteria. This provides operating leverage to NBFCs. NBFCs continue to service these loans.
Bank provides highly digitized solutions for managing payments arising due to loan disbursements, EMI collections and for myriad other vendor payments; it uses cutting-edge product technology to cater to both – digital and cash payments. The products are enhanced with strong MIS reports to facilitate various account reconciliation needs.
The aforementioned contents (“Contents”) has been provided by IDFC FIRST Bank Limited (“the Bank”) for general information. The Contents does not constitute a promise or guarantee for granting of loan/product/services provided by the Bank. The Contents are subject to change at the sole discretion of the Bank. The Bank reserves its right to correct any part of the Content at any time as and when required at its sole discretion. The Content shall not be displayed or printed in any form in part or whole without the prior written approval of the Bank. The approval of loan/product/services, inter-alia, subject to evaluation and assessment of the credit profile, information submitted by you, and meeting the required eligibility criteria, if any, prescribed by the Bank, to the satisfaction of the Bank, and subject to Bank’s applicable policies and governing laws. By virtue of providing your basic information or making an application for loan or accessing the loan application process provided by the Bank, shall not be construed or considered as an approval or deemed approval by the Bank. You shall be responsible to provide the required information and documents, complete in all respect, as may be required by the Bank from time to time, to the Bank’s satisfaction. The Bank shall not be liable/responsible in any manner for rejection or refusal of the application/request for the loan/products/services provided by the Bank and reserves all its rights in this regard. The Bank expressly disclaims any liability for errors or omissions in the Content and as such, does not accept any legal liability whatsoever based on the Content, user/applicant should seek professional advice before acting on the basis of information contained herein. Please take an informed decision with respect to any loan/product/services after going through relevant loan/product /services document and applicable terms and conditions. Any action on your part on the basis of the said Content is at your own risk and responsibility. You certify that the information and particulars provided by you, are true, correct, complete and up to date in all respects and you have not withheld any information. You authorize the Bank to contact you with reference to your request/information and to make inquiries related to or verify said information provided by you and to use and share the information shared by you with Bank’s affiliates/subsidiaries/third party vendors or such other person, as per requirement of the Bank. You agree and understand that Bank reserves the right to retain the information, and any documents provided therewith by you and will not return the same to you.