IDFC FIRST Offers home loans at low interest rates starting from 7% per year. easier with our various repayment options. Applicants easily get loan tenure up to 30 years, a maximum of Rs.10 crore with these schemes, and the lowest EMI offered by the bank is ₹ 769 per lakh. Get a 10% cashback up to 5000/-with IDFC FIRST Bank Consumer Durable Loans. Apply IDFC First Bank Home Loan Online
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Why should you choose a Home Loan from the IDFC First Bank?
- IDFC FIRST Bank is a leading bank in India’s middle class in 2008. Applicants have found it convenient to choose the tenure that suits that budget to pay EMIs comfortably.
- The organization at first began in the fields of discount financing and resourced the executives and surprisingly had a retail value broking arm. Bank where you will rely upon a significant chunk of your loan options. a lot of people get benefiting over the years.
- The organization uses technology and deep analytics to build the lending models that help it thrive sustainably. Applicant use of the money for financing business operations. It also provides an option to repay your home loan for up to a maximum of 30 years.
IDFC First Bank Home Loan Types
1.Purchase of Ready Property.
- Purchase of Under Construction Property.
- Self-construction.
- Composite Loan.
5.Plot Purchase.
- Home Extension and Renovation.
- Balance Transfer.
Features and benefits of IDFC First Bank Home Loan
- Applicant has availability of a balance transfer facility and reliable customer support from start to end.
Applicants have the availability of debt consolidation programs and custom-built plans for self-employed individuals.
- IDFC First Bank provides no prepayment penalties, no hidden costs, and administrative charges, and
Balance home loan transfer. It implies home advance top-up loan fee would be 8.8%-9.4%. A range of benefits, including attractive home loan top-up interest rate.
- IDFC First Bank Provides home loans at low-interest rates, low processing fees, and Less paperwork.
Instead of 3-5 years, a top-up loan can have a tenure of 10-15 years. The loan proceeds are used for the construction or purchase of the new property.
How to Apply for IDFC Bank Home Loan Online?
Online method to apply for IDFC Bank Home Loan
Step 1.
You can visit your official website of IDFC Bank.
Step 2.
You need to put all the basic details as mentioned in the IDFC Bank. The statement will include the details of the EMI and reach the customer for the whole tenure for which the loan continues.
Step 3.
Once the details filled by you are verified.
Offline
You can visit your nearest branch of IDFC Bank to get a home loan.
You can check the EMIs from an online tool of the Home Loan EMI calculator. To keep a regular check on your credit score, avail credit report and get free monthly updates on your registered mobile number. The banking customer executive will help the applicant clear all the questions as per banking. A higher credit score will improve the chances of getting approval.
IDFC Bank helpline support number 1860 500 9900
The Eligibility Criteria, Documents, Interest rate to all applicants for IDFC First Bank Home Loan.
For Identity Proof such as Aadhaar Card, Pan Card, Passport, etc
For Address such as Voter Card, Driving Licenses, Aadhaar card, Last three months’ salary slips, Last two years’ Income Tax Returns or Form 16Last six months’ bank statements, Passport and Visa copies.
IDFC First Bank Home Loan Interest Rates April 2021
The table shows the interest rate, processing fees, tenure, and maximum loan amount.
| Particulars | Details |
| Home Loan Interest Rate | 7%-11.00% |
| Loan Amount | maximum up to 85% of the property value |
| Tenure | Up to 30 years |
| Processing Fee | As per bank’s norms |
IDFC Home Loan FAQs
Question 1.What is IDFC First Home Loan financing cost?
Answer IDFC First Home Loan financing cost ranges between 8.50% to 8.50%.IDFC First Bank cuts Home Loan rates by 8.5% from 8.5%.
Question 2. Why would it be a good idea to settle on a balance move to IDFC First Bank?
Answer IDFC First Bank offers serious Home Loan rates with the best EMI of ₹ 769 for each lakh profited at a low-financing cost of 8.50% for a most extreme residency of 30 years.
Question 3. Do I get tax cuts on a Home Loan from IDFC First Bank?
Answer According to the Indian Income Tax Act of 1961, occupants of India are qualified for tax reductions on the principal sum and interest segments of house money under segment 24 and area 80C of the Income Tax Act.
Question 4. What is the impact of part prepayments on IDFC First Bank lodging money EMI?
Answer Part prepayments help you lessen the remarkable measure of advance, which will decrease the interest sum due. After making part installments, paying a similar Home Loan EMI will expand your inclusion towards the principal sum, which will help you in reimbursing the advance quicker.
Question 5. How to expand my qualification on IDFC First Bank lodging credit?
Answer If your mate or relative is procuring admirably, you can make your life partner or relative the co-candidate for your credit. The mix of both of your payments will help you in expanding your qualification to get an advance.
Question 6. How Can I apply for an IDFC home loan?
Answer: You can apply for the home loan or do it online on the bank’s website or by visiting the nearest bank branch.
Question 7. What is the rate of interest offered by IDFC bank for a home loan?
Answer The interest rate offered by IDFC First bank home loan starts from 7.00% onwards per annum.
Question 8. How much of the processing fee is charged by IDFC Home Loans?
Answer As per the applicable rates specified in the Terms & Conditions section.
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