If you have a loan with IDFC FIRST Bank, paying your EMI on time is crucial for maintaining a good credit score and ensuring that your loan is repaid smoothly. Fortunately, IDFC offers convenient online payment channels, allowing you to repay your loan from the comfort of your home. Here’s a step-by-step guide on how to make an IDFC loan repayment online.

Process for Repayment Using Online Payment Channels (Net Banking, Debit Card, Paytm Wallet, UPI, and Other Wallets)

Follow these simple steps to make your loan repayment online using your preferred payment method:

Step 1: Click on "Quick Pay EMI"

Start by visiting the IDFC FIRST Bank’s official loan repayment page. Click on the Quick Pay EMI option to begin the process.

Step 2: Enter Your Loan Account Number or Contact Details

You will be prompted to enter your Loan Account Number or your contact details, including your mobile number and Date of Birth (DOB). This helps the system recognize your loan and verify your identity.

Step 3: Choose a Payment Option

Next, you’ll be asked to choose your preferred payment option. You can select from options like Billdesk, Paytm, or Mpesa. Enter the CAPTCHA code provided to verify that you are not a bot, then click on Proceed Next.

Step 4: Review Your Loan Account Details

Once your details are verified, your loan account details will be displayed on the screen. Here, you can review the outstanding balance. Update the payment amount if required, and then click on Proceed to continue.

Step 5: Complete the Payment

You will now be redirected to your bank’s payment page. Choose your payment option (Net Banking or Debit Card) and enter the necessary details such as your account or card information. Once you’ve filled out the payment details, click on Complete Payment to finalize the transaction. After successful payment, you will receive a confirmation of your loan repayment.

Process for Repayment at IDFC FIRST Bank Branch

If you prefer to make your loan repayment in person, you can visit the nearest IDFC FIRST Bank branch. Here's how:

Step 1: Visit Your Nearest IDFC FIRST Bank Branch

Head to your nearest IDFC FIRST Bank branch, bringing along all necessary documents for the loan repayment process.

Step 2: Carry Your Loan Account Number (LAN)

Make sure to carry your Loan Account Number (LAN), which is sent to you via SMS after every transaction. This number is essential for processing your repayment.

Step 3: Connect with the Service Desk

Once at the branch, approach the Service Desk and provide the following details for verification:

  • Loan Account Number (LAN)
  • Customer Name
  • Date of Birth
  • Registered Mobile Number

This will help the bank staff locate your account and verify your details.

Step 4: Choose Your Payment Method

You can make your payment using various methods, including cash, cheque, demand draft (DD), or debit card. After making the payment, the bank will send you an e-receipt via email or SMS, confirming that the repayment has been successfully processed.

Repaying your loan on time is essential to maintain a positive relationship with IDFC FIRST Bank and to ensure the smooth continuation of your financial journey. Whether you choose the convenience of online payment channels like Net Banking, Debit Card, or Paytm, or prefer to visit the branch in person, IDFC FIRST Bank offers multiple options to suit your needs. Follow the above steps to make your loan repayment easy and hassle-free.