Recently, I received a call from IDFC bank regarding a personal loan, where they were providing a personal loan at a much lower interest rate. I planned to opt for it as I was indeed planning for a personal loan. But before choosing, I decided to ask a friend of mine about it. I called my friend and asked him about the IDFC personal loan processing fee and other details.
What is IDFC Bank Personal Loan Processing Fee?
To make it easier for you to understand, I have added all the information in the table below.
| Charges Description | Fees/Charges |
Processing fees |
Upto 3.5% of Loan Amount |
Late payment/Penal charges/ /Overdue (per month) |
Upto 2% of the unpaid EMI or upto Rs. 300 whichever is higher |
Stamp Duty |
As per actuals |
Interest Rate |
10.75% |
Foreclosure |
Upto 5% of Principal loan outstanding after payment of 6 or more EMIs or 6 months, whichever is later. |
Part Payment Charges (only for Smart PL) |
Up to 5% part payment charges are applicable on partial payment. Part Payment to be made from customers own funds. |
This was all the information he told me about IDFC first bank personal loan processing fee that he told me. He also told me that I can use the IDFC bank personal loan calculator to learn about the personal loan EMI that I need to pay.
After this conversation with my friend, I opted for the personal loan. I hope this information about IDFC personal loan processing fee has been of help to you.
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Authors Of The Question
What is IDFC Personal Loan Processing Fee?
Raja
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May 8, 2024
2024-05-08T11:59:15+00:00 2024-05-08T11:59:32+00:00Comment
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Personal Loan
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