IDFC First Bank Home Loan
IDFC First Bank Home Loan
IDFC First Bank Home Loan
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IDFC First Bank Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
IDFC First Bank Home Loan Key Highlights
Loan Amount Up to Rs. 5 crore
Rate of Interest 7.95% p.a. onwards
Processing Fee Up to 3%
Maximum Tenure for Repayment 30 years
IDFC First Bank Home Loan Interest Rates in 2026
IDFC home loan interest rate ranges between 9.40% for customers applying for housing loans. Also, note that the rate of interest offered by the bank varies for different products as well as for salaried and self-employed applicants. The table below enlists the different interest rates for IDFC First Bank basis the kind of loan applicants:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Housing Loan (For Salaried) | Starts at 8.85% |
| Home Loan Balance Transfer (For Salaried) | Starts at 8.85% |
| Home Loan Top-Up (For Salaried) | Same ROI as Balance Transfer up to max cap limit of 100% of the Balance Transfer loan amount |
| Housing Loan (For Self Employed) | Starts at 9.25% |
| Home Loan Balance Transfer (For Self Employed) | Starts at 9.25% |
| Home Loan Top-Up (For Self Employed) | Same ROI as Balance Transfer up to max capping of 100% of the Balance Transfer loan amount |
IDFC First Bank Home Loan Eligibility Criteria
Every bank has a set of eligibility criteria to filter home loan applicants. IDFC First Bank, too has some pre-defined requirements that its customers should qualify to be considered eligible for applying for a home loan. IDFC home loan eligibility criteria are as follows:
For Salaried Individuals
Age Range (in years)
21-60 years
Nationality
Indian Resident
Minimum Income Earned
Rs. 1 lakh p.a. (minimum)
For Self-Employed Individuals
Age Range (in years)
23-70 years
Nationality
Indian Resident
Minimum Income Earned
Rs. 1.5 lakh p.a. (minimum)
IDFC First Bank Home Loan Processing Fee and Charges
Processing fee is the charge that a bank levies on its customers to cover the expenses involved in processing their home loan application. IDFC First Bank home loan processing fee and additional charges are detailed below:
| Processing Fee | 0.25% - 0.50% |
| EMI Bounce Charges | Rs. 400 (GST excluded) |
| Charges for Copies of Documents | Rs. 500 for a physical copy (GST excluded) |
| Charges for Duplicate NOC Issuance | Rs. 500 (GST excluded) |
| MCLR to EBR Type | - |
| Schedule for Repayment | Rs. 500 for a physical copy (GST excluded) |
| Charges for Document Retrieval | Rs. 500 (GST excluded) |
| Charges for Cheque/Instrument Swap (per swap) | Rs. 500 (GST excluded) |
| Penal Charges / Late Payment Charges | 2% per month for unpaid EMI (GST excluded) or Rs. 300 (GST excluded), whichever is higher |
| Charges for Repayment Instrument Swap | Rs. 500 |
| List of Documents | Rs. 500 for a physical copy (GST excluded) |
| Charges for Stamping | As per actuals |
| Charges for Loan Rescheduling | - |
| Account Statement | Rs. 500 for a physical copy (GST excluded) |
| Charges for EMI Collection | Rs. 350 (GST excluded) |
| Charges for Cancellation and rebooking | 1% of the loan amount + interest from the date of loan disbursal until the date of receipt of the request for loan cancellation |
| Incidental Charges (to cover dues recovery from defaulting customers) | As per actuals |
IDFC First Bank Home Loan Schemes and Top Plans
IDFC offers a variety of home loan products to its esteemed customers to fulfill their varied needs. Some of the top home loan types offered by the bank are listed below:
- Special loan plan devised for women to help them cover expenses on home improvement such as water connection, sanitation improvement, renovations, repairs, and more
- Loan offered for a tenure of 3 years total
- Loan amount offered for sanitation - Between Rs. 15,000 and Rs. 50,000
- The loan can be availed for repair, renovation, productive housing, or extension from Rs. 25,000 to Rs. 1 lakh
- Rs. 10,000 - Rs. 50,000 offered for getting a water connection
- Water + sanitation loan can be availed between Rs. 25,000 and Rs. 1 lakh
- The total amount of loan that can be availed under the scheme - up to Rs. 5 crore
- IDFC’s regular home loan plan is offered to all customers interested in purchasing a new property, building a house, or making renovations to an existing one
- Total loan tenure is for 30 years
- The loan amount that can be availed under the scheme - up to Rs. 2 crore
- The scheme is specifically for existing home loan customers of other banks, encouraging them to transfer the balance loan amount to IDFC
- A top-up home loan facility also offered as part of the balance amount transfer
- Loan tenure is for up to 30 years
* Note: All of the above home loan plans are made available to applicants solely at the discretion of IDFC First Bank, taking into consideration the earning and repayment capacity of the applicant.
Documents Required for IDFC First Bank Home Loan
While applying for a home loan with IDFC First Bank, all applicants must submit a set of required documents to the bank, which is a mandatory step in the process. Listed below are the essential IDFC bank home loan documents that must be provided for a successful loan application with the bank:
| Proof of Income |
|
| Proof of Income |
|
| Other Required Documents |
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| Identity & Address Proof |
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Apply Home Loan Through BASIC Home Loan
If you wish to apply for a home loan with IDFC online from the comfort of your home, just follow the steps below:
Apply Now on the BASIC Website
Proceed to the 'APPLY NOW' section on the BASIC Home Loan website.
Enter Your Details and Submit
Fill in the form by entering your name, contact number, and other required details, and submit the form.
Our Expert Will Reach Out to You
A BASIC Home Loan team representative will connect with you shortly to assist you through the entire home loan application process.
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