IDFC First Bank Home Loan
IDFC First Bank Home Loan has now made your dream home purchasing easy. The home loan offers the finest interest rate, and now you can choose from a wide range of properties. You can now check below mentioned home loan conditions and procedures for IDFC First Bank like home loan eligibility and requirements etc.
Unlock Best Home Loan Offers From Idfc First Bank
IDFC FIRST Bank Home Loan
Interest Rate
8.75% - 10.5%
Loan Amount
₹1L - ₹10Cr
EMI Per Lakh
₹2,064 - ₹2,149
Processing Fees
Pre-Payment Charges
Plan Offered
Term Loan
Showing Data for CIBIL Score -
IDFC Home Loan
CIBIL: -
IDFC Home Loan
CIBIL: -
CIBIL Score range
CIBIL: -
Showing Data for CIBIL Score -
- Salaried
Loan Amount | Loan Type | Men (ROI) | Women (ROI) |
---|---|---|---|
Any Loan Amount | New | 8.85% | 8.85% |
- Salaried
City | Loan Amount | Loan Type | Men (ROI) | Women (ROI) |
---|---|---|---|---|
Mumbai | Any Loan Amount | New | 8.85% | 8.85% |
Last updated on: 14, Dec 2024
Features & Benefits of IDFC Home Loan
While several banks list multiple kinds of home loans, IDFC home loans keep it simple. One single loan to suit them all. Check out the top features of IDFC bank home loans.
Secured Loan
IDFC First home loans are extended against a mortgage of the concerned property. While a certain portion of the property is financed by the bank, the remaining portion is covered through a down payment made by the borrower.
Loan Amounts up to 5 crores
Loan amounts ranging from Rs. 1 lakh to 5 crores offer unparalleled financial assistance for homebuyers and lucrative opportunities for investors. The loan amounts can cover up to 90% of the property’s value.
Longer Loan Tenures
IDFC home loans are available for up to 30 years to salaried applicants and for up to 25 years to self-employed individuals. While longer tenures imply higher interest outflows, they also make up for affordable monthly instalments.
Affordable Interest Rates
The floating home loan interest rates levied on IDFC First home loan range from 8.85% (salaried applicants) to 9.25% (self-employed individuals). Higher interest rates are levied on loans offering higher LVRs and vice-versa.
Easy Application
One can apply for IDFC home loans through branch visits, the bank’s official website and mobile application. The bank also allows co-application on home loans with one’s spouse, parent, or children.
Multipurpose Home Loans
IDFC First Bank offers home loans for purchase, construction and investment purposes. Apart from that, the bank also offers Balance Transfer and Top-Up facilities on its home loans.
Charge Waivers
The bank offers a number of fee waivers to economise home loans for prospective borrowers. For instance, the bank’s BT surrogate program from select lenders helps eliminate legal charges.
Repayment
IDFC First home loans can be repaid in monthly instalments via offline and online channels. Borrowers can repay the loan by visiting their nearest branch. The bank also offers an online ‘Quick Pay EMI’ portal where loans can be repaid through cards and online wallets.
Online Calculators
Apart from monetary assistance, the bank also provides digital financial planning tools. Home Loan EMI Calculator and Home Loan Eligibility Calculator can respectively be used to gain EMI schedules in advance and check eligibility.
IDFC Home Loan Overview
Purchasing your dream home has become easier with top-notch banking services offered by IDFC Bank. It gives you the finest home loan interest rates on housing finance and a large selection of properties. You can now apply for a home loan with IDFC online and take advantage of the lowest interest rates coupled with minimal documentation and speedy processing. You may even track the status of your home loan after the completion of your application. The home loan eligibility criteria have also been expanded to make them more accessible. If you already have a home loan, you also have the option of easily transferring it!
IDFC home loans offer full financial assistance for residential, investment and construction-based purchases. For owners, having their own house is the dream of a lifetime. While for investors, real-estate investments are gateways to immeasurable growth. The IDFC bank home loan takes care of all of these needs for its customers.
Ethical banking, sound technology and social commitment are IDFC First Bank’s founding pillars. IDFC First home loans are simple and straightforward credit products. Without diverging into numerous subcategories, the bank offers top-notch value to its customers with a single home loan product.
Documents Required for IDFC Home Loan
A loan seeker must submit self-attested copies of any one document for each criterion while applying for an IDFC home loan.
Requirement | Accepted Documents |
Mandatory Requirement | PAN Card/ From 60 |
Identity Proof | Aadhar Card/ Passport/ Driver’s licence/ Other accepted documents |
Address Proof | Voter ID card/ Aadhar card/ Driving License/ Other accepted documents |
Income Proof | Salaried Individuals:
Last 2 months’ salary slip/ latest ITR or Form 16/ last 6 months’ bank statement/ other documents Self-Employed Individuals: Latest ITR/ balance sheet or P&L statement/ GST return/ last 6 months bank statements or CC statements/ other documents |
Property Proof | Sale deed/ Chain title documents
Ownership proof NOC certificate Other required documents |
Business Proof | Shop establishment certificate/GST return/ Trade license |
Business Address Proof | Telephone bill/ Electricity bill/ Other documents |
How Does the EMI Calculation Work for IDFC Home Loan?
To calculate the IDFC home loan EMI, enter specific details in the home loan EMI calculator or EMI formula. These details are loan amount, interest rate and repayment tenure.
Enter these values in the EMI calculator and within seconds your monthly EMI will be calculated.
To calculate EMI manually count on depicted formula:
EMI = [P*R (1+R) *N] / [(1+R) N-1]
Where,
- P represents Principal Amount
- R represents Interest Rate
- N represents repayment tenure
Balance Transfer IDFC Home Loan
The IDFC FASTRACK Home Loan Balance Transfer allows home loan borrowers from other lenders to shift their loans for lower interest rates and top-up benefits to IDFC First Bank. The bank offers low-interest rates to existing home loan account holders to help save money on interest payments. IDFC First Home Loan Balance Transfer allows several other benefits and advantages.
An individual can apply for a balance transfer to IDFC First home loan in the following steps:
- Visit www.idfcfirstbank.com
- Select ‘Home Loan’ from the ‘Loans’ menu.
- Click on ‘Apply Now’.
- Enter your mobile number and accept the T&Cs.
- Complete the OTP verification process and proceed.
- Enter the required details and wait for the bank to contact you.
The eligibility criteria, document requirements and loan terms like tenure and interest rate are the same for balance transfer applicants as for new applicants.
IDFC Home Loan Customer Care Number
You can get in touch with the customer care executive by calling on their contact number or via email.
- Customer Care Number (24/7 availability): 1800 10 888
- Whatsapp Banking: 9555 555 555
- Email: banker@idfcfirstbank.com
Need Loan Assistance?
Connect with Home Loan Advisor Now!
Top Home Loan Cities
- Home Loan in Delhi
- Home Loan in Mumbai
- Home Loan in Pune
- Home Loan in Bangalore
- Home Loan in Chennai
- Home Loan in Gurgaon
- Home Loan in Noida
- Home Loan in Lucknow
- Home Loan in Kolkata
- Home Loan in Indore
- Home Loan in Bhopal
- Home Loan in Jaipur
- Home Loan in Coimbatore
- Home Loan in Trivandrum
- Home Loan in Ahmedabad
- Home Loan in Nagpur
- Home Loan in Ghaziabad
- Home Loan in Dehradun
- Home Loan in Vijaywada
- Home Loan in Vadodara
- Home Loan in Surat
- Home Loan in Thrissur
- Home Loan in Baroda
- Home Loan in Hyderabad
Idfc First Bank Home Loan Quick Links
FAQs
From refinancing to reducing your interest, we have the answers right here.
Does IDFC provide home loans at the best rate?
Yes, IDFC provides home loans at a best interest rate starting from 6.5 percent.
What is the interest rate of home loan in IDFC?
For salaried employees home loan is available from an interest rate of 6.5 % onwards, whereas for self employed the starting interest rate is 6.7%.
Does IDFC check for CIBIL score for home loan?
Yes, IDFC First Bank takes CIBIL score into consideration to determine the best possible rate of interest for the loan applicant.
What is the maximum home loan amount I can get from IDFC First Bank?
At maximum, you can avail a home loan amount of INR 5 crores. IDFC offers the lowest home loan interest rate of 6.5% based upon certain factors such as cibil score, repayment history, financial stability, etc.
Can I take two home loans at a time?
Yes, you can have two home loans at a time, as there is no such law which barriers to servicing one loan at a time.
When does the loan repayment period start?
Loan repayment period starts from the very next month when your loan amount gets disbursed in your loan account.
Does IDFC have a fixed rate of interest on a home loan?
IDFC offers home loans at a floating rate of interest.
Most Popular on Urban Money
Bank Wise Home Loan EMI Calculator
- Punjab Sind Bank Home Loan Calculator
- Indian Bank Home Loan Calculator
- Hdfc Bank Home Loan Calculator
- Bank Of Maharashtra Home Loan Calculator
- Hsbc Home Loan Calculator
- Citi Bank Home Loan Calculator
- Canara Bank Home Loan Calculator
- Axis Bank Home Loan Calculator
- State Bank Of India Home Loan Calculator
- Rbl Bank Home Loan Calculator
- Bank Of India Home Loan Calculator
- Karnataka Bank Home Loan Calculator
- Federal Bank Home Loan Calculator
- Deutsche Bank Home Loan Calculator
- Union Bank Of India Home Loan Calculator
- Yes Bank Home Loan Calculator
- Dcb Bank Home Loan Calculator
- Kotak Bank Home Loan Calculator
- Indusind Bank Home Loan Calculator
- Idbi Bank Home Loan Calculator
- Icici Bank Home Loan Calculator
- Bank Of Baroda Home Loan Calculator
- Punjab National Bank Home Loan Calculator
Home Loan By Banks
- Bank of Baroda Home Loan
- Axis Bank Home Loan
- HDFC Bank Home Loan
- ICICI Bank Home Loan
- Bajaj Finserv Home Loan
- IndiaBulls Home Loan
- Canara Bank Home Loan
- Union Bank of India Home Loan
- DHFL Home Loan
- CITI Bank Home Loan
- YES Bank Home Loan
- Federal Bank Home Loan
- IndusInd Bank Home Loan
- State Bank of India Home Loan
- Hero FinCorp Home Loan
- Punjab National Bank Home Loan
- IDBI Bank Home Loan
- Kotak Bank Home Loan
- Ujjivan Small Finance Bank Home Loan
- Muthoot Finance Ltd Home Loan
- Godrej Housing Finance Home Loan
- Tata Capital Housing Finance Limited Home Loan
- Vastu Housing Finance Home Loan
- HDFC Sales Home Loan
- Indian bank Home Loan
- Capital First Ltd. Home Loan
- Home First Finance Company Home Loan
- Poonawalla Fincorp Limited Home Loan
- Hero Housing Finance Home Loan
- Clix Capital Home Loan
- Aditya Birla Finance Limited Home Loan
- Housing Development Finance Corporation Home Loan
- L&T Finance Home Loan
- HSBC Home Loan
- Reliance Capital Home Loan
- LIC Housing Finance Home Loan
- Bank of India Home Loan
- Fullerton India Home Loan
- IIFL Finance Home Loan
- Piramal Housing Finance Home Loan
- Edelweiss Financial Services Home Loan
- Aadhar housing Finance Home Loan
- DCB Bank Home Loan
- Punjab National Bank Housing Finance Home Loan
- Capri Global Home Loan
- Punjab & Sind Bank Home Loan
- Bank of Maharashtra Home Loan
- karnataka bank Home Loan
- RBL Bank Home Loan
- Cholamandalam Finance Home Loan
- Deutsche Bank Home Loan
Idfc First Bank Quick Links
Bank Wise Home Loan Eligibility Calculator
- SBI Home Loan Eligibility Calculator
- HDFC Home Loan Eligibility Calculator
- Axis Bank Home Loan Eligibility Calculator
- ICICI Home Loan Eligibility Calculator
- LIC Home Loan Eligibility Calculator
- PNB Home Loan Eligibility Calculator
- Canara Bank Home Loan Eligibility Calculator
- Bank of Baroda Home Loan Eligibility Calculator
- Bank of India Home Loan Eligibility Calculator
Get your latest Credit Score, FREE
Home Loan Guide
Get in-depth knowledge about all things related to Home Loan and your finances
Debt To Income (DTI) Ratio : Calculation Formula, Types and Limitations
Better debt management is crucial to avail of the available financial opportunities. Whether you wish to secure a personal loan, business loan, home loan, or even credit card, lenders have various met
Transferring Your Home Loan to a New Bank : A Step-by-Step Guide
Transferring a home loan from one bank to another, commonly known as a home loan balance transfer, is a healthy financial move that can lead to significant savings and better loan terms. This process
Understanding The Hidden Charges in Home Loans
Purchasing a home is a dream for many, but understanding the applicable fees and charges is wise before applying for a home loan. Before picking out the comfy furniture and planning the home’s i