IDFC Quick Pay
2–4 minutes
IDFC Quick Pay is an online service IDFC FIRST Bank provides for making loan payments. You can use it for regular EMI payments or even for one-time foreclosure of specific loan types. However, keep in mind that Quick Pay isn’t available for all loans and requires your loan account number or registered mobile number and date of birth to access.
IDFC Quick Pay is a service offered by IDFC FIRST Bank that allows you to make online payments towards your IDFC loan account. There are two main uses for IDFC Quick Pay:
- Loan EMI payment: This is the most common use case. You can use IDFC Quick Pay to pay your regular EMIs (Equated Monthly Installments) for any IDFC loan.
- Loan foreclosure payment: For certain types of IDFC loans, you can use Quick Pay to make a one-time payment to close your loan account (foreclosure) fully.
What is the interest rate of an IDFC Bank loan?
| Loan Type | Starting Interest rate | Maximum Interest Rate | Nodal Officer Contact Details |
| Personal loan | 10.75% p.a. | 18.00% p.a. | Varies based on credit score and employment status |
| Home loan | 6.50% p.a. | 7.35% p.a. | Rates for salaried individuals are lower. |
| Car loan | 7.85% p.a. | 9.00% p.a. | Similar to home loans, salaried individuals get lower rates. |
| Gold loan | 7.50% p.a. | 12.00% p.a. | Depends on the loan amount and loan-to-value ratio. |
| Loan against property | 9.50% p.a. | 13.00% p.a. | Based on the loan amount and property value |
| Education | 8.40% p.a. | 11.50% p.a. | Varies depending on loan amount and course/ institute. |
| MSME Loan | 9.50% p.a. | 14.00% p.a. | Depends on loan amount, business type, and credit history. |
Here are some things to keep in mind about IDFC Quick Pay:
- Not all loan accounts are eligible: Currently, Quick Pay is only available for Flipkart Pay Later, Consumer Durable Loan, Two-wheeler Loan, Business Installment Loan & First Money Customers.
- You will need your account information: To use Quick Pay, you will need your IDFC loan account number or your registered mobile number and date of birth.
Features of IDFC Quick Pay
This is a convenient online service offered by IDFC FIRST Bank that allows you to manage your IDFC loan EMIs (Equated Monthly Installments) without visiting a branch.
Key features:
Effortless Online Payments: Ditch the hassle of writing checks or visiting banks. Pay your EMIs anytime, anywhere, directly through the IDFC Quick Pay portal.
Flexibility at Your Fingertips: Choose your preferred payment method – net banking, debit card, popular wallets like Paytm, or UPI (Unified Payments Interface) – for a seamless experience.
Stay Ahead of the Curve: Settled a payment a bit late? No worries! IDFC Quick Pay lets you clear overdue EMI amounts. Planning? You can even make advance payments for up to a single EMI.
Process for repayment using online payment channel (Net Banking or Debit Card or Paytm Wallet or Other Wallets/UPI)
- Step 1: Click on Quick Pay EMI
- Step 2: Enter your Loan Account Number or your contact details (mobile number & DOB).
- Step 3: Choose the payment option (Billdesk/Paytm/Mpesa) enter the CAPTCHA code and click on Proceed Next
- Step 4: You will get your Loan Account Details on the screen, update the amount then click on proceed
- Step 5: You will be directed to the bank site, enter your correct option required (Net Banking / Debit Card), and then update the account/card details and complete the payment.
Here are some resources that you might find helpful:
IDFC Quick Pay login
page:https://partner.idfcfirstbank.com/QuickPayEMI/Login/LoginEMI.aspx
IDFC FIRST Bank customer care: You can contact IDFC FIRST Bank customer care for any questions or assistance with Quick Pay at 1800 10 888.
