हिंदी में पढ़े
IDFC First Bank Consumer Durable Loan Interest Rate
In case of subvented products, the dealer /manufacturer/OEMs bears the interest cost of the IDFC First Bank Consumer Durable loan. The borrower doesn’t have to bear the interest cost. However, the borrowers would have to bear the GST incurred on the interest component.
In case of non-subvented products, the borrower would have to bear the interest cost, just as in the case of personal loan, home loan, gold loan, etc. Thus, borrowers opting for non-subvented products should compare the IDFC First Bank Personal Loan interest rates or personal loans offered by other lenders.
Get Personal Loans at low interest rates Apply Now
Types of IDFC First Bank Consumer Durable Loans
IDFC Consumer Durable Loans
- No cost EMI is available for IDFC Consumer Durable Loans
- The bank offers minimum pre-set credit limit of Rs 3,000 that can be redeemed against any number of purchases.
- It also offers a minimum dynamic credit limit of Rs 25,000 based on consumer’s credit history.
- Instant approval on IDFC First Bank Consumer Durable Loan is also offered within 2 minutes to eligible applicants
- Limitless financing facility without any period-based restrictions for subsequent consumer durable loan from IDFC First Bank
Note: Customers unable to avail consumer durable loans can also explore Short Term Personal Loan or regular personal loan, depending on the loan amount, to finance their consumer durable purchases.
Easy Buy EMI Card (EBC Card)
- Offered to existing customers of IDFC First Bank
- Zero-cost EMI facility, i.e. EMI without any interest cost, is available
- Customers can apply to IDFC First Bank Consumer Durable Loan with instant approval
- Minimum pre-set credit limit of Rs 3,000, which can be redeemed against any number of purchases
- Buy now pay later option available
- Customers can avail subsequent loans at any given time, without any time-based restrictions
- Two limits are offered on Easy Buy EMI Card – one for taking consumer durable loan or Consumption Finance Loan and another to take two-wheeler loan
Partners of IDFC First Consumer Loans
IDFC First Bank has entered into partnerships with a wide range consumer durable dealers across major cities and towns in India. The online partners for IDFC First Consumer Durable Loans include Amazon, Flipkart, Cult Fit, Cashify, Dell, Myntra, Make My Trip, Lenovo, Tata Cliq, Urban Ladder, etc.
Apply for Personal Loan at low interest rates Apply Now
Eligibility Criteria for IDFC First Consumer Durable Loans
- Age:
New Customer- 21-65 years
Existing Customer/Easy Buy EMI Card Customer– 21 to 68 years
- Employment Type: Salaried and self-employed individuals are eligible for Consumer Durable Loans
Documents Required for Loan Application
- ID Proof: Aadhaar card, Driving License, passport, voter ID, Job ID card issued by NREGA, National Population Register
- Address Proof: Passport, Driving License, Adhaar card, National Population Register, voter ID, Job ID card issued by NREGA, National Population Register
Apply for Personal Loan at low interest rates Apply Now
IDFC Consumer Loan Fees and Charges
Charges/Fees
| Processing Fees | As applicable |
| Facilitation Fees | Up to Rs 200 |
| Foreclosure Charges | 5% of outstanding principal |
| EMI Bounce Charges | Rs 400 |
| Penal Interest | 2% per month of overdue instalment or Rs 300 whichever is higher |
| Swap Charges | Rs 500 |
Easy Buy EMI Card Fees
| Easy Buy EMI Card Fees | Rs. 499 |
| Card Replacement Fees | Rs. 100 |
| EBC & Push Card Annual Fee | Rs. 99 |
Other Charges
| Cancellation & Rebooking charges | Rs. 1000 or 5% of loan amount – whichever is higher |
| Duplicate No Objection certificate/No Due Certificate |
Rs. 500 |
| Physical Repayment Schedule | Rs. 500 |
| Physical Statement of Account | Rs. 500 |
| Stamp Duty | As per Actuals |
| Part Payment Charges | Not Applicable |
| Pre EMI | Not Applicable |
| Loan Rescheduling Charges | Not Applicable |