IDFC FIRST Bank broadly offers three main types of car loans for retail customers.

Quick Scoop

In simple terms, here’s what kinds of car loans you can typically get from IDFC FIRST Bank today:

  1. New Car Loan
    • For buying a brand‑new car from a dealer.
    • Usually offers up to 100% of the on‑road price, with tenures going up to about 7–10 years depending on the specific offer.
  1. Used / Pre‑Owned Car Loan
    This bucket itself has two flavours:
 * **Repurchase (Used‑car purchase loan)** – When you’re buying a second‑hand car, the bank finances a big chunk (often up to 100% of car value for some schemes).

 * **Refinance / Loan Against Car** – You already own a car and take a loan against it, sometimes with a higher limit (up to around 200% of the car value in some “Car‑against‑Cash” style schemes).
  1. Loan Against Car (listed separately in some materials)
    • Treated as a distinct product in some third‑party explainers, but functionally the same “refinance” concept: you pledge your existing car and get funds for other needs while continuing to use the vehicle.

At a glance (types only)

[1][6] [4][2][1] [2][6][1]
Type of IDFC FIRST car loan What it’s for
New Car Loan Financing a brand‑new car from a showroom.
Used / Pre‑Owned Car Loan – Repurchase Buying a second‑hand car from an individual or dealer.
Used / Pre‑Owned Car Loan – Refinance / Loan Against Car Raising money by mortgaging your existing car (you keep using the car).

Tiny “story” example

Imagine you’re in 2026, eyeing a new EV hatchback:

  • If it’s a fresh showroom car , you’d look at the New Car Loan.
  • If your friend is selling you their old petrol hatchback, that’s the Pre‑Owned / Used Car Loan – Repurchase.
  • If you already own a car but need cash for, say, a home renovation, you’d explore Refinance / Loan Against Car using that car as security.

Always double‑check the latest product names, eligibility and interest rates on the official IDFC FIRST Bank website or with a branch before applying, as banks keep tweaking features and branding over time.

TL;DR:
The main answer to “what are the types of car loans that IDFC FIRST Bank offers” is: New Car Loan, Used/Pre‑Owned Car Loan for repurchase, and Refinance/Loan Against Car on an existing vehicle.

Information gathered from public forums or data available on the internet and portrayed here.