29 Nov 2024
To,
Neeraj Kumar Khare
Kathvawahanzi Post Kathuwa Haji Bhind GOHAD - 477116
Dear Customer,
Greetings from IDFC FIRST Bank Ltd!
We're privileged to have you with us as an esteemed customer. As your financing partner, we're committed to ensure
a seamless banking experience to help you grow.
Please find your loan details mentioned hereunder:
Product TWO WHEELER LOANS
Customer Relationship Number
6512655454
(CRN)
Agreement No. 161717375
Agreement Date 14-OCT-24
Loan Amount (INR) 83,396
Tenure (months) 24
EMI (INR) 4,170
ROI 18.16 %PA
No. of Advance EMI 0
First EMI Due on 03-DEC-2024
Asset_Purchased
IDFC FIRST Bank is now one-stop solution for all banking needs, be it loans, savings or business banking products.
Our array of offerings include Consumer Durable Loans, Personal Loans, Two Wheeler Loans, Business Loans and
Mortgage Loans along with unparalleled Fixed Deposit rates, Savings Account with top-of-the- line debit card,
customised Wealth Management Solutions and much more.
For any further query on your existing loan or to avail a new financial product or services from us, please email us at
or call us on our helpline number 1800-10-888.
We are pleased to inform, you can view your loan account details, pay EMI, raise service request and much more
using our Mobile App or through our Web-portal
You can now request for a copy of your Statement of Account, Repayment Schedule, Foreclosure Letter etc. from
IDFC FIRST Bank Ltd officer at your Dealer store where you purchased your vehicle.
We trust you will have a rewarding experience with us, and look forward to your feedback to help us serve you better
in the future.
Best Regards,
IDFC FIRST Bank Ltd
[This is a computer generated statement and does not require any signature]
IDFC FIRST Bank Limited (formerly IDFC Bank Limited)
Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031. Tel: +91 44 4571 6400 CIN:
L65110TN2014PLC097792, bank.info@idfcfirstbank.com,www.idfcfirstbank.com
Note:
It is further clarified that the last installment amount may be in excess of or lower than the monthly EMI due to
accounting reconciliations. If the last instalment due is in excess of the EMI, such excess amounts shall be
collected along with the last EMI. However, if any surplus amount is collected in the last EMI, such excess
amounts shall be refunded to the Applicant. Please refer to the annexed Repayment Schedule for details. If
you have any doubts, please contact our nearest branch / Customer Service Cell etc. details of which are
given herein
Any unbanked/unused cheques of the Borrower(S) as issued in favour of IDFC FIRST Bank Ltd with regard to
the loan and presently in custody of IDFC FIRST Bank Ltd will be cancelled and/or destroyed immediately
after closure of the loan either by way of maturity or prepayment of loan and/or otherwise without any further
notice.
Advisory Information:
The Credit Information Companies (CICs) is an initiative of the Government of India and the Reserve Bank of India
(RBI) to improve the functionality and stability of the Indian financial system. We wish to inform you that we shall now
be reporting the data pertaining to your account with us to the concerned Credit Information Company. This data will
be updated on a regular basis for all our customers. We would advise you to make timely EMI payments in order to
maintain a good repayment record, which would enable you to avail other financial products. Further an
unsatisfactory repayment record may have an adverse impact on your future credit appraisals by any financial
institution.
General Information:
Terms and Conditions of the Loan: All terms/ conditions of the loan are as per the Sanction Letter and Loan
Document executed between us and it is assumed that these have been fully understood/ accepted by you.
Repayment Schedule: Repayment Schedule provides the amount of each EMI, due dates and break-up between
principal and interest components. It also provides the outstanding principal after realization of each installment.
IMPORTANT: The outstanding principal should not be taken as the only obligation to the Company under this Loan
Agreement. Prepayment penalty, other charges, if applicable, all other monies that may be due and payable by the
borrower to IDFC FIRST Bank, including its subsidiaries/affiliates/assignee on any account whatsoever, whether
present or future, including any liability of the Borrower as a surety or co-obligor either singly or along with any other
person are also payable at the time of full and final settlement.
Statement of Account: Statement of Loan Account provides details of repayments and can be furnished upon
request and this can be accessed using our Mobile App
Swap of the Mode of Repayment: The facility of substituting the existing instructions for repayment of EMIs can be
allowed. This can be done by submitting set of fresh instructions alongwith cheque at any of our Branches.
IMPORTANT: Please note that from the date of receipt of fresh instructions, 30 working days are required for
affecting the swap. Till such time, the existing instructions will remain in operation for the installment falling due during
the intervening period, and necessary cover funds must be provided for the same. Once the Swap is activated, the
cheques will be retained at our end. In case you wish these to be returned, kindly lodge a request through our call
center within 7 days.
Maturity of Loan: In case of Vehicle Loans, a No Objection Certificate (NOC) and Form-35 for relinquishment of
Hypothecation will also be issued on closure of the loan. For Loan Against Property and Home loans, the Title Deed/
Documents of Ownership will be returned within 15 working days from the date of closure of the loan. For Consumer
Durable loans an SMS will be sent on closure with a link which will provide the No Due Certificate,provided all other
monies that may be due and payable by the borrower to IDFC FIRST Bank, including its subsidiaries/affiliates
/assignee on any account whatsoever, whether present or future, including any liability of the Borrower as a surety or
co-obligor either singly or along with any other person
Pre-Payment of Loans: Foreclosure charges are applicable for all loans. Any payment made towards prepayment of
loan should be done at least 5 working days before the validity date to factor cheque/cash clearing timelines. The
interest will stop accruing on your loan account from the date of clearing and excess funds, if any, will be credited to
the bank account registered with us. Refer Personal Banking Fees And Charges | IDFC FIRST Bank for further
details.
Making repayments is now easier using various payment channels mentioned below:
Online Repayment through Net Banking / Debit Card / Paytm Wallet (Click on Quick Pay EMI)
Walk into nearest IDFC FIRST Bank Branch
Use our partner payment network for making repayment towards your loan- Click on https://paytm.com/loan-
emi-payment for using the PayTm website or select "Loan" on the App home screen
Other Information:
1. Loan Account number must invariably be mentioned on reverse of the cheques submitted for Prepayment of
Loan, replacement PDCs, swap or any other charges.
2. For Auto, Two Wheeler loan: Copy of certified RC Book with hypothecation in favour of the company duly
recorded thereon must be furnished. In the absence of RC Book details, IDFC Bank will not be in a position to
issue the No- Objection Certificate and Form 35.
3. Interest Certificate will be provided on request at the end of each financial year.
4. Adequate balances must be maintained in your Bank Account a day prior to each due date. In the event of
non-realization of EMI on due date, Late Payment Charges will be applicable on the unpaid installment in
addition to the Cheque Bouncing Charges.
IDFC FIRST Bank Limited (formerly IDFC Bank Limited)
Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031. Tel: +91 44 4571 6400 CIN:
L65110TN2014PLC097792, bank.info@idfcfirstbank.com,www.idfcfirstbank.com
5. Any change in mailing address, telephone numbers and other contact details must be intimated to IDFC First
Bank, quoting the Loan Account Number along with a valid documentary proof.
6. Should you require any further information / assistance from our Customer Service Branch, we request you to
carry a Valid Photo ID card to be furnished or provide a proper authority letter and self-attested photo ID to
your representative along with his / her photo ID.
7. All borrowers who are liable to deduct the TDS, must pay TDS as per applicable rate for the interest and fees
being paid to IDFC First Bank. Borrower must deposit the TDS amount so due into the government account
within the due date prescribed. Once returns are filed, borrower must submit request letter along with TDS
certificates in Form 16A generated from the income tax website to IDFC First Bank. Original TDS certificate
should be submitted for claiming the refund. IDFC First Bank PAN - AADCI6523Q, http://www.idfcbank.com
/content/dam/idfc/image/gst/pdf/IDFC-Bank-GST-Registration_Numbers- New.pdf
Schedule of charges: Schedule of charges are subject to change as per bank's discretion from time to time. The
bank reserves the right to introduce any new charges or fees, as it may deem appropriate. Please click on Personal
Banking Fees And Charges | IDFC FIRST Bank to view the updated loan charges
IDFC FIRST Bank Limited (formerly IDFC Bank Limited)
Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031. Tel: +91 44 4571 6400 CIN:
L65110TN2014PLC097792, bank.info@idfcfirstbank.com,www.idfcfirstbank.com
IDFC FIRST Bank Limited (formerly IDFC Bank Limited)
Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031. Tel: +91 44 4571 6400 CIN:
L65110TN2014PLC097792, bank.info@idfcfirstbank.com,www.idfcfirstbank.com
IDFC FIRST Bank Limited (formerly IDFC Bank Limited)
Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai 600031. Tel: +91 44 4571 6400 CIN:
L65110TN2014PLC097792, bank.info@idfcfirstbank.com,www.idfcfirstbank.com
