IDFC First Bank Car Loan–Jan 2021

IDFC First Bank Car Loan Key Features

About IDFC First Bank Car Loan

IDFC First Bank is an Indian banking company with headquarters in Mumbai that forms part of IDFC, an integrated infrastructure finance company. The bank started operations on 1 October 2015. IDFC FIRST received a universal banking licence from the Reserve Bank of India (RBI) in July 2015.

IDFC First Bank provides Car Loans at attractive rates of interest to the consumer for buying their dream car whether new or second hand. It is an easily available loan that can be procured by anyone even by ones who have a slightly low credit/CIBIL score.

Advantages of IDFC First Bank Car Loan

IDFC First Bank Car Loan Eligibility

IDFC First Bank Car Loan Interest Rate, Fees and Charges

IDFC First Bank Car Loan Documents Required

Salaried Individual

Self-Employed Individuals

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

2. Private Limited/Limited Companies

IDFC First Bank Car Loan EMI Calculator

The applicant has the option to know the EMI’s before availing a Car Loan. Thus, you can easily check through the link below:

Car Loan EMI Calculator

IDFC First Bank Car Loan Types

IDFC First Bank offers different types of car loans to its customers. You have the option of choosing the offer which suits your need the best. It offers the following types of Car Loans:

1. New Car Loan –  Those who wish to buy a new car, this is the scheme for you. You can take IDFC First Bank Car Loan for a minimum of Rs. 1 lakh and a minimum tenure of 7 years.
2. Used Car Loan – If you wish to buy a used car then you can choose this scheme which offers a minimum loan of Rs. 1 lakh and a minimum tenure of 5 years.
3. Loan Against Car – You can opt for this scheme if you are in need of urgent funds where you can keep your cars as collateral with the bank where you can get Rs. 10 lakh or up to 50% of your car’s value.

IDFC First Bank Car Loan Pre Calculated EMI

How to Apply for IDFC First Bank Car Loan?

1. Visit Dialabank 
2. Go to IDFC First bank page.
3. Complete the car loan application form.
4. Wait for a call from our Relationship Manager who will guide you throughout the process.
5. You can compare different offers from banks and NBFCs and choose the one which suits your needs.
6. Thus, easily apply for a Car Loan through Dialabank and enjoy the best offers.

IDFC First Bank Car Loan for Top Selling Cars

Other Available Products from IDFC First Bank

FAQs for IDFC First Bank Car Loan

✅ What is the IDFC First Bank Car Loan?

IDFC First Bank car loan is the credit amount granted to its consumers by the organization for the latest or old car.

✅ How can I get a Car Loan from IDFC First Bank?

1. Minister Dialabank and fill a card.
2. Please wait for a proposal from our Relationship Director who will lead you during the process.
3. You can examine distinct offers from banks and other companies and choose the one which suits your requirements.
4. Thus, instantly apply for a Car Loan through Dialabank and enjoy the most suitable offers.

✅ How does IDFC First Bank Car Loan work?

When you apply for a car loan, then you will get a call from our agent and then, there will a record verification process. Then, the loan expense will be charged to your account.

✅ What is the Car Loan Interest Rate in IDFC First Bank?

The percentage rate on a car loan in the IDFC First Bank is 7.50% only.

✅ How to Check Car Loan status in IDFC First Bank?

You can follow your car loan status online on the Car loan status website.

✅ How to Calculate Car Loan Interest in IDFC First Bank?

Use Dialabank’s EMI calculator to determine the interest as well as the EMI on your loan.

✅ What is the maximum loan amount I can avail of on Car Loan from IDFC First Bank?

The greatest loan sum you can avail of on a car loan is up to 90% of On Road Price.

✅  What is the loan tenure of the IDFC First Bank Car Loan?

The loan tenure of the IDFC First Bank Car Loan is a maximum of 7 years.

✅ Can I get a 100% Car Loan from IDFC First Bank?

Yes, you can get a 100% Ex-showroom Price car loan from IDFC First Bank.

✅ How much Processing Fee is applicable to the IDFC First Bank Car Loan?

IDFC First Bank imposes a processing expense of 0.40% Solely.

✅ What are the EMI options available on the IDFC First Bank Car Loan?

IDFC First Bank Affords pair EMI options Step-up EMI and Balloon EMI.

✅ What are the charges for Prepayment in IDFC First Bank Car Loan?

You can prepay/foreclose your IDFC First Bank Car Loan with 5% as foreclosure costs.

✅ Can I get a top-up loan on my existing IDFC First Bank car loan?

You can get a top-up loan on your current car loan from IDFC First Bank for up to 150% of its value.

✅ Do I need to provide a guarantor to avail a car loan from the IDFC First Bank?

Generally, you don’t need a sponsor for a car loan. However, you may need a guarantor if you don’t fulfill the eligibility standards.

✅ How to get the IDFC First Bank Car Loan Statement?

Get the report in person by touring your office and demanding a detailed report.

                            or

You can perceive the statement online. To do this, you should have IDFC First Bank internet funding initiated.

✅ How to Pay IDFC First Bank Car Loan Interest Online?

Just logon to online IDFC First Bank debt to ‘see and pay’ your bills. You also get an electric acknowledgment for every bill paid by you practicing e-PAY. You can also pay through Paytm.

✅ What if I can’t pay the interest on IDFC First Bank Car Loan for 3 months?

IDFC First Bank imposes 24% of the exceptional amount or a Fee ranging from Rs.500 to Rs.5000 for not paying the EMI for three months.

✅ How can I apply for EMI Moratorium on IDFC First Bank Car Loan?

You can apply for EMI Moratorium on IDFC First Bank Car Loans instantly from the IDFC First Bank website’s Loan corner.

✅ What is the number for the IDFC First Bank Car Loan agent?

Call Dialabank at 9878981166 as it is one of the most advanced IDFC First Bank Car Loan agents. Dialabank even ensures the best suggestions on your Car Loan.

✅ Can I close the IDFC First Bank car loan online?

IDFC First Bank car loans can be secured by visiting the nearest branch and clearing the outstanding amount.

✅ What is the IDFC First Bank Car Loan Customer Care Number?

Call 9878981166 and clear any of your questions with us anytime.

✅ How can I get NOC from the IDFC First Bank for a Car loan?

You can get NOC immediately from the branch for IDFC First Bank Car Loans.

✅ What is the IDFC First Bank Car Loan closure procedure?

• Just go to the bank with the documents.
• Write a letter for pre-closure of the IDFC First Bank Car Loan account.
• Pay the pre-closure charges as per IDFC First Bank Car Loan.

✅ What are the IDFC First Bank Car Loan preclosure charges?

IDFC First Bank Car Loan preclosure charges are up to 6%+ GST.

✅ What is the IDFC First Bank Car Loan maximum tenure?

The IDFC First Bank Car Loan maximum tenure is 7 years.

✅ What is the IDFC First Bank Car Loan minimum tenure?

The IDFC First Bank Car Loan minimum tenure is 1 year.