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IDFC FIRST Bank Home Loan

★★★★ 4.3/5

IDFC FIRST Bank provides modern digital banking solutions with instant approval and tech-forward home loan processes.

Key Highlights

8.85%
Starting Interest Rate
Up to 3% + GST
Processing Fee
₹10 Crores
Maximum Loan Amount
30 years
Maximum Tenure

IDFC FIRST Bank Home Loan Interest Rates

Current interest rates as per latest updates

Interest Rate Range 8.85% - 11.25% per annum

* Interest rates are subject to change based on RBI guidelines and your credit profile.

* Final rates depend on loan amount, tenure, and creditworthiness.

Features & Benefits

Key Features

  • Digital process
  • Instant approval
  • Tech-forward platform

Special Offers

  • Digital-first process
  • Instant approval facility
  • Tech-forward platform

Pros and Cons

Advantages

  • Quick approvals
  • Modern banking
  • Good digital experience

Considerations

  • Higher maximum rates
  • Limited branch network

IDFC FIRST Bank Home Loan Eligibility

Check if you meet the eligibility criteria

  • Age: 21-65 years
  • Minimum income: ₹20,000 per month
  • CIBIL Score: 750+ preferred
  • Stable employment

Documents Required

Keep these documents ready for quick processing

  • Digital KYC
  • Income proof
  • Bank statements
  • Property documents
  • Employment verification

Apply for IDFC FIRST Bank Home Loan

Start your home loan application process today

Compare with Other Banks

See how IDFC FIRST Bank compares with other lenders

Frequently Asked Questions

What is the minimum income required for IDFC FIRST Bank home loan?

The minimum income requirement varies based on your location and employment type. Generally, it ranges from ₹10,000 to ₹25,000 per month.

How long does IDFC FIRST Bank take to approve a home loan?

The approval process typically takes 7-15 working days, depending on document verification and property evaluation.

Can I prepay my IDFC FIRST Bank home loan?

Yes, you can prepay your home loan. Some banks may charge prepayment penalties, so check the terms and conditions.

Important Disclaimer

• All information provided is for reference purposes only and subject to change.

• Interest rates and fees are indicative and may vary based on your profile and market conditions.

• Loan approval is subject to the bank's terms and conditions and credit assessment.

• Please verify all details with the bank before making any financial decisions.