IDFC Bank Home Loan

  • Interest Rate starting from 8.15%
  • Loan amount up to 90% of property value
  • Loan tenure of up to 30 years (25 years for self-employed individuals)
  • Processing fee up to Rs.10,000
Get IDFC Bank Home Loan

IDFC First Bank or Infrastructure Development Finance Company Bank provides a range of financial products and services to customers, a primary one being their Home Loan products. They offer home loans at attractive rates starting from 8.15% for up to a tenure of 30 years. They also offer borrowers the Home Loan Balance Transfer facility and debt consolidation programs. 

IDFC Bank Home Loan Summary
Interest Rate 8.15% onwards
Loan-to-Value Ratio Up to 90% of property value
Loan Tenure For salaried professionals: 30 years, For self-employed: 25 years
Processing Charges Up to Rs.10,000

Note : Rates and processing fees are subject to change at the discretion of the bank or according to RBI directives.

IDFC Bank Home Loan Eligibility Criteria

To avail of an IDFC Home Loan, you must fulfill the following criteria.

An Applicant must be:
  • An Indian Resident
  • Salaried or self-employed with a minimum experience of 3 years
  • Between 23 and 70 years of age
  • Good credit score and history

Want to know how much Home Loan you’re eligible for?

Use the Fincity Eligibility Calculator - enter a few required details and find out.

IDFC Bank Home Loan Interest Rates

Like most other banks, IDFC Home Loan interest rates are linked to the repo rate. The final rate of interest charged is the combination of this external benchmark and the fixed spread determined by the bank. Currently, their Home Loan interest rate starts from 8.15% and may vary based on a number of factors.

Note :The above rate is subject to change at the discretion of the banks or on the basis of RBI directives.

IDFC Bank Home Loan EMI Calculation

When you look for a home loan, you generally go through a myriad of schemes to decide on the right one for you. Checking the EMI amount for your IDFC Bank Home Loan scheme will help you take an informed decision. Enter the basic required details into the Fincity Home Loan EMI calculator and know your monthly EMI immediately.

IDFC Bank Home Loan Documents

Below are the documents you will need in order to apply for an IDFC Home Loan.

Documents required for Applicant: 

  • Identity Proofs – Driving License, PAN Card, Passport, Voter ID (Any One) 
  • Address Proofs – Telephone, Water, Gas & Electricity Bills, Rental agreement 
  • Income Proofs: 
    • Last 3 months’ salary slips 
    • Income Tax Returns 
    • Last 2 years’ Form 16 statement 
    • Bank Statements of last 6 months 
  • Property Documents: 
    • Property Tax Receipt 
    • Proof of business address 
    • Liability and personal assets’ statement 

Documents required for Guarantor: 

  • Proof of residence 
  • Proof of identity 
  • Proof of business address 
  • 2 passport size photographs 
  • Liability and personal assets’ statement

Note : Required documents must be self-attested and may slightly differ.

Under this scheme, a borrower can avail a loan amount of up to Rs.10 crores at an interest rate starting from 8.90% for a tenure of up to 30 years. Customers also have the benefit of paying only the interest component during the under-construction period.

With this, a customer can seek funds for up to 85% of the property value, limited to Rs.10 crores. They can also deposit funds in the loan account, saving on interest, and withdraw anytime they need to. The interest rate starts at 10% per annum.

This allows borrowers a Home Loan of up to Rs.75 lakhs at an interest rate starting from 8.90% for a tenure of up to 30 years. Customers are not required to pay any part of the principal component initially.

With this scheme, borrowers can loan up to Rs.10 crores starting from 8.90% interest rate. They can park excess funds and save on interest payouts, and withdraw funds any time they wish to. This scheme also comes with an insurance facility.

On the lookout for the lowest-rate Home Loan offering maximum benefits?

Look no further! Have our loan advisors assist you for free all the way from product search to loan disbursal; connect with an expert at hl@fincity.com now!