IDFC FIRST Bank New Car Loan
IDFC FIRST Bank Car Loan with digital-first e-agreement and 90% on-road-price financing.
At 8.85%, IDFC FIRST Bank has one of the lowest starting rates of the 12 lenders we track for new car loans.
Documents required
- PAN Card
- Aadhaar Card
- 3 months salary slips
- 6 months bank statement
- Address proof
As published by IDFC FIRST Bank. Your branch may ask for more.
Best for: IDFC FIRST customers wanting same-day digital disbursal with e-agreement.
Eligibility
Loan terms
- Digital-first with e-agreement
- 90% on-road price financing
- Part-prepayment without penalty
Fees & charges
FAQ
Used-car loans price higher than new-car loans because of the collateral risk — see the separate used-car page. Salary-account customers often get a small rate discount on new cars.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.