IDFC First Bank Car Loan [Interest Rate, Processing Fees, Tenure, Prepayment Charges 2022]



IDFC Bank Car Loan

About IDFC First Bank :IDFC Bank is one of the top banking and financial services companies that have credit card services with the lowest rates of interest. It has huge expertise in private, investment, and corporate banking, which has affordable charges and repayment methods. 

The bank was listed on the Bombay Stock Exchange and National Stock Exchange. Capital first, a non-banking financial company and IDFC bank announced a merger in 2018, following which IDFC First Bank was established. The Economic Times awarded IDFC Bank with the BFSI award in 2018. WCRC also awarded the bank with the most trusted financial brand award in 2016.

Headquarter: IDFC Bank operates with its headquarters in Mumbai, Maharashtra. Before the merger, the headquarters of Capital First was situated in Bengaluru, Karnataka.

Number of employees: IDFC Bank has currently employed 20,222 employees across all the branches in the country. Mr. V. Vaidyanathan serves as the chief executive officer and the managing director of the bank. Rajiv Lall is the non-executive chairman of the company. Mr. Sanjeeb Chaudri is the part-time nonexecutive chairperson who also acts as the independent director in the firm.

Number of Branches & ATM: IDFC Bank was first established with its 23 branches in places like Mumbai, Madhya Pradesh, Delhi, Hyderabad, Bangalore, Chennai, Pune, Ahmedabad, and Kolkata. 
Since then, the network has been extended to over 600 branches across the country. 15 branches of the bank are located in cities that have a lesser population of 10,000. It is worth noting that IDFC launched its 100th bank in Honnali, Karnataka, in 2017.

Rate of Interest : 8.65%-10.95% per annum

Loan Amount : Up to 100% of on-road price

Maximum Tenure : Up to 10 years

Processing Fee : 3500/- To 5000/- + GST

Prepayment Charges : As Applicable

Minimum Salary / Business Income : As Per Loan Requirements

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