How can we help you today? How does the loan of IDFC first bank foreclosure work?I had taken a 24-month EMI and I have paid 12 EMI. There are no foreclosure charges for IDFC Bank personal loans. You need to submit the sanction letter at the time of loan foreclosure. No foreclosure charges if the borrower forecloses their account within 6 months of the sanctioning of the loan. Phase 2: During Disbursement. I urge IDFC FIRST BANK to take immediate action by: Reversing the closure of my loan accounts without consent. IDFC First Bank Study Abroad Loans: Get Unsecured Loans of up to 75 Lakhs INR. After the salutations, you will add the main body of your loan foreclosure letter.