Recharge and Pay Bills
About IDFC Bank loan EMI payment
You can quickly pay IDFC First Bank loans without facing any technical glitches through the BBPS platform on Bajaj Finserv. While you can make IDFC First Bank loan payments by visiting the bank's nearest branch, you will not enjoy the convenience offered by online payments. When you choose Bajaj Finserv to make IDFC online payment, you can pay within minutes, anytime and from anywhere. The BBPS platform on Bajaj Finserv is a safe and reliable platform to make IDFC Bank loan payments, and there is no threat to your privacy. It grants greater flexibility as you can choose your payment mode while making IDFC loan payments.
The Bharat Bill Payment System (BBPS) is an integrated platform operated by the National Payments Corporation of India (NPCI). It streamlines digital payments and renders them quick and prompt. When you use the BBPS platform to make IDFC loan repayment and score discounts on successful transactions.
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Other online loan repayments across India
Apart from IDFC Bank loan EMI payment, Bajaj Finserv also allows you to pay for other online loan repayment across India. You can pay other various loan providers as well, such as Manappuram Finance | IIFL | Hero Fincorp | Muthoot Finance | ICICI bank | HDB Finance | Axis bank | Mahindra Finance
Features and benefits of making IDFC Bank loan EMI payment on Bajaj Finserv
When paying for your IDFC Bank loan EMI payment online through the Bajaj Finserv BBPS platform, you can avail of the following benefits:
- Ease of payment
You can complete the IDFC Bank loan EMI payment online at any time from the comfort of your home before the due date.
- Multiple payment methods
BBPS allows you to use credit/ debit cards, net banking, UPI, or Bajaj Pay Wallet to make transactions incredibly convenient.
- Safe and secure
Bajaj Finserv provides a safe and secure payment platform. Your payment details are secure with the platform’s robust security measures.
- Instant billing receipts
When you pay IDFC Bank loan EMI payment, you will receive instant transaction IDs and billing receipts. It ensures better transparency and reliability.
Fees and chargesA convenience fee of up to 2% will be charged depending on the transaction amount and payment mode (inclusive of applicable taxes). For more information on fees and charges, click here.
Note: For failed transactions, the total amount including charges except taxes are reversed.
- Ease of payment
How to make IDFC Bank loan repayment on Bajaj Finserv
Follow these steps to repay your IDFC Bank loan using the BBPS platform on Bajaj Finserv:
- Click on 'DOWNLOAD APP' to open the Google Play Store
- Login through the email ID registered with your mobile
- Click on ‘INSTALL’
- Open the app on your mobile phone
- To 'GENERATE OTP,' enter your 10-digit mobile phone number
- Enter the OTP and click the 'PROCEED' button
- Click on 'LOAN REPAYMENT' under the 'FINANCIAL SERVICES AND TAXES' section
- Choose your biller from the drop-down menu
- Click on 'PROCEED' after entering your loan account number
- Choose your preferred payment method and finish the transaction
Frequently asked questions
You can check your IDFC loan balance by logging in to the IDFC First Bank app or website. From finding out the application status of your loan to getting updates about your loan, you can do everything related to your loan on the IDFC First Bank app and website.
You can foreclose your IDFC First Bank personal loan by visiting your nearest IDFC First Bank branch and providing all necessary documents such as identity proof, last EMI payment, and loan account number. The next step is to pay the outstanding amount and the foreclosure charges. Once the payment is complete and the documents are verified, the bank will acknowledge the loan foreclosure.
Your IDFC loan account number is a unique number assigned by your bank when your loan is approved and the loan account is created. The bank keeps track of all the loans sanctioned using the loan account numbers.
If your cheque towards the EMI payment bounces or your account balance is insufficient at the time of the EMI payment, an EMI bounce charge is applied. In the case of an IDFC First Bank loan, Rs. 400 + GST as applicable is charged per instance of dishonour of cheque.
You can check your IDFC First Bank loan EMI by visiting the official website or downloading the mobile app of IDFC First Bank. Follow these steps:
- Login to the customer portal using your user ID and password
- Go to the menu section, click on ‘PRODUCT AND SERVICES’ and click on ‘CHECK APPLICATION STATUS’
- Enter the credentials of your personal loan and click on ‘SUBMIT’
- You can now check the EMI of your loan
Alternatively, you can also call the bank’s helpline number on 1860 500 9900 or visit the nearest branch to check your EMI status.
Login to IDFC First Bank net banking by entering your username and password. Click on the ‘ACCOUNT STATEMENTS’ tab and select your account. Choose the period for which you want the statement and download the e-statement.
You can avail of your IDFC First Bank consumer durable loan online by visiting the bank’s official website or downloading the mobile app. You can get the approval online and then go to your preferred store and purchase the product that you want on EMI.
You can find your IDFC customer ID on your welcome kit or by visiting the IDFC internet banking website. Log in using your username and password. You can view your customer ID on the left side of the screen.
You can use the IDFC First Bank app to check your Capital First loan status.
You can register for IDFC First Bank net banking by following these easy steps:
1. Visit the IDFC First Bank website, and select the ‘LOGIN’ option
2. Click on ‘CREATE USERNAME’, enter your UCIC/ customer ID and click ‘SUBMIT’
3. Now enter the account number, or debit card number, or loan account number and enter the OTP received on your registered mobile number
4. Choose a username, create a net banking password and click on ‘SUBMIT’
You can check your IDFC loan payment status and details by checking your loan statement. Follow these steps to view the loan statement:
- Head over to the official website of IDFC First Bank
- Log in to your account by entering your customer ID and password
- Click on ‘VIEW STATEMENT’ to check your loan details
Yes, you can check your IDFC loan payment status on your loan statement.
The loan ID number is the loan account number provided by IDFC First Bank to every borrower once the loan gets approved. The loan ID is unique for every customer and allows them to access their account.
You can make IDFC loan online payment using the BBPS platform on Bajaj Finserv using the following payment modes:
- Credit card
- Debit card
- Net banking
- UPI ID
- Bajaj Pay Wallet
Yes, you can pay IDFC EMI in advance for up to a month.
Yes, you can complete IDFC loan repayment before the due date. However, a 5% fee is chargeable on the outstanding amount on foreclosure of the loan.
You can ensure faster IDFC loan repayment by part prepaying or foreclosing the loan.
You cannot avoid paying interest on a loan, but you can reduce your interest by maintaining a good credit score. Prepayment of loans can also reduce the interest, but the bank may levy a part prepayment fee.
You can clear a loan from IDFC First Bank by paying the last EMI through your preferred payment mode. Once you have completed the IDFC Bank loan payment until its maturity, contact the bank’s officials and submit the required documents authenticating your identity and loan details. You will receive a No Objection Certificate (NOC), mentioning that you have cleared your loan upon verification of the documents.
You can pay bounced IDFC EMI using the IDFC quick pay facility on the bank’s official website. You can also make an offline payment by visiting the nearest IDFC First bank branch.
You can check your EMI balance by downloading and installing the IDFC First bank mobile app. Once installed, you can log in to your account and check the EMI that you need to pay.
You can check your IDFC loan payment balance by giving a missed call on the toll-free number 18002700720.
By following these steps, you can check your IDFC Bank loan payment EMI status:
- Download and install the IDFC First bank mobile app
- Log in to your account using your credentials
- Click on ‘PRODUCTS AND SERVICES’
- Click on ‘CHECK APPLICATION STATUS’
- Type in the details of your loan
- Click on ‘SUBMIT’
- You can check your EMI status
You can check the status of your IDFC First bank loan by dialling the toll-free customer care number 18605009900.
You can close your IDFC First Bank loan by following these steps:
- First and foremost, pay the last EMI
- Once you have made the IDFC loan repayment, contact the bank for loan closure
- Provide all the documents to the branch from where you availed of the loan
- After verification, the bank will offer a No Objection Certificate (NOC) stating that you have repaid the loan
