IDFC Bank Home Loan
IDFC FIRST home loan interest rates starting from 8.85% p.a. You can get a maximum of Rs.10 crore with these schemes. With flexible repayment tenures of up to 30 years, you don't have to worry about your monthly EMI. Both salaried and non-salaried eligible individuals can avail the financing facilities.
We found 1 IDFC Bank Home Loan
IDFC Home Loan
Loan Amount
:₹30L onwards
Floating
:8.00% - 14.00%
Tenure
:5 - 30 Years
Processing Fee
:₹ 10,000
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Fees & Charges
- Pre-closure fee = ₹0
- Part payment fee = ₹0
Eligibility Criteria
- The applicant and co-applicant (if any) should be at least 23 years old
- Salaried applicants should have completed a year in current organisation with total 2 years of work experience
Documents
- KYC-PAN, address & ID proof
- Income proof, bank statement and a photograph
What you'll love
- No pre-closure and part payment fee
- No guarantor required
Perks
IDFC FIRST is one of the leading banks in India that offers attractive financial services and products. The home loans offered by this bank come with great flexibility and innovation. The home loan offers you the upfront money that you need to buy the house that you always wanted. You can avail of these loans at lucrative rates of interest.
IDFC FIRST Home Loan
- Interest Rate: 8.85% p.a. onwards for salaried individuals and 9.25% p.a. onwards for self-employed individuals
- Processing fee of up to 3% of the loan amount.
- Loans for purchasing or constructing house/flat
- Loans available for both salaried and self-employed
IDFC FIRST Bank Home Loan EMI Calculator
With the growing popularity of online EMI (Equated Monthly Instalment) calculators, it has become much easier to compute your monthly installments. Also, it's recommended that you calculate your EMI and processing fee beforehand so that you can compare different home loan schemes offered by various financial institutions. It will also help you manage your finances in a better way.
In order to do that, you can use BankBazaar Home Loan EMI Calculator. All you need to do is enter your home loan details, including the loan amount, rate of interest, tenure, and processing fee. Click on the "calculate" button to check your EMI and processing fee.
This would be followed by an amortization table giving you a complete breakdown of your repayment schedule.
IDFC FIRST Bank Home Loan Eligibility Criteria
Salaried Individuals
- The tenure of the loan ranges between 12 months and 360 months.
- You must earn at least Rs.1 lakh per year.
- You must have work experience of at least 3 years.
- Your age can range between 21 years and 60 years.
- NRIs and residents can apply,
Self-Employed Individuals
- The tenure of the loan ranges between 12 months and 300 months.
- You must earn at least Rs.1.5 lakh per year.
- You must have business continuity of at least 4 years.
- Your age can range between 23 years and 70 years.
- Resident Indians can apply.
Fees & Charges for IDFC FIRST Bank Home Loan
- Processing Fee: Up to 3% of the overall loan amount
- Equated Monthly Instalment (EMI) bounce charges: Rs.400
- Documents charges: Rs.500
- Repayment instrument swap charges: Rs.500
- Duplicate document lists: Rs.500
- Duplicate No Objection Certificate: Rs.500
- Loan Rescheduling Charges: Rs.300
- Physical Account Statement: Rs.500
- Physical Repayment Schedule: Rs.500
- Document Retrieval Charges: Rs.500
- EMI Pick up Collection Charges: Rs.350
- Rebooking and Cancellation Charges: 1% of the loan amount plus interest from disbursal date till receipt of cancellation request
- Late Payment Charges: Rs.300
Documents Required for IDFC FIRST Bank Home Loan
- Identity proof
- Address proof
- Age proof
- Last 3 months' salary slips
- Last 2 years' Income Tax Returns or Form 16
- Last 6 months' bank statements
- Passport and Visa copies
With IDFC FIRST Bank, you have the option to choose from multiple home financing schemes. Read the fine print thoroughly before signing up.
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