IDFC First Bank Home LoanEMI Calculator
Calculate your monthly EMI instantly with IDFC First Bank's latest interest rates. Plan your home loan with confidence using our advanced calculator.
Current IDFC First Bank Rates
Lower than market average
Min ₹10,000 • Max ₹1,00,000
Min ₹1L
Min 1 years
Calculate Your EMI
Use our advanced calculator to plan your home loan with IDFC First Bank's latest rates
IDFC First Bank Home Loan
IDFC First Bank offers innovative home loan solutions including a No Income Proof program and fast-track balance transfers with competitive rates.
Key Features
- Competitive interest rates from 8.85%
- Fast Track balance transfer facility
- No Income Proof program available
- Loan tenure up to 30 years
- Digital application process
- Top-up loans available
Interest Rates & Fees
EMI Calculator
EMI Details
Monthly EMI
₹44,986
Principal Amount
₹50,00,000
Total Interest
₹57,96,640
Total Amount Payable
₹1,07,96,640
Payment Breakdown
Eligibility Criteria
- Age: 21-60 years (salaried), 23-70 years (self-employed)
- Salaried: Minimum 3 years work experience
- Self-employed: Minimum 4 years business continuity
- Minimum annual income: ₹1 lakh (salaried), ₹1.5 lakh (self-employed)
Documents Required
- Identity proof (Aadhaar/PAN)
- Address proof
- Income documents (Salary slips/ITR)
- Bank statements
- Property documents
- Employment/Business proof
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Why Choose IDFC First Bank Home Loan?
Frequently Asked Questions
Everything you need to know about IDFC First Bank home loans
What is the current home loan interest rate for IDFC First Bank?
IDFC First Bank currently offers home loan interest rates starting from 8.85% and going up to 10.25% per annum. The exact rate depends on various factors including:
- •Your Credit score (750+ preferred)
- •Loan amount and loan-to-value ratio
- •Employment type (salaried/self-employed)
- •Property location and type
How much home loan can I get from IDFC First Bank?
IDFC First Bank offers home loans ranging from ₹1 lakhs to ₹5 crores. Your eligibility depends on:
Eligibility Criteria:
Salaried Individuals:
- • Age: 21-65 years
- • Min income: ₹25,000/month
- • Work experience: 2+ years
Self-Employed:
- • Age: 25-70 years
- • ITR: 3+ years
- • Business stability: 5+ years
What is the processing fee for IDFC First Bank home loan?
IDFC First Bank charges a processing fee of 3% of the loan amount:
Note: This is a one-time non-refundable fee. Some banks offer processing fee waivers during festive seasons.
Can I prepay my IDFC First Bank home loan?
Yes, IDFC First Bank allows both partial and full prepayment of home loans:
Floating Rate Loans:
No prepayment charges as per RBI guidelines
Fixed Rate Loans:
May attract 2-4% prepayment penalty
Pro Tip: Making even small prepayments can save significant interest. A ₹50,000 annual prepayment on a ₹50L loan can save ~₹15L in interest!
What documents are required for IDFC First Bank home loan?
IDFC First Bank requires the following documents for home loan application:
Identity & Address Proof
- ✓PAN Card (Mandatory)
- ✓Aadhaar Card
- ✓Passport/Driving License
Income Documents
- ✓Income documents (Salary slips/ITR)
Note: Additional documents may be required based on employment type and property details.
Compare with Other Banks
Find the best home loan rates across leading banks
Expert Tips for Home Loan Success
Maximize your savings and get the best deal on your IDFC First Bank home loan
Before Applying
Check Credit Score
Aim for 750+ for best rates
Save up to 0.5% on interest
Calculate Eligibility
Know your borrowing capacity
Avoid rejection & save time
Compare Banks
Research rates across lenders
Save lakhs in interest
Prepare Documents
Get all papers ready
Fast-track approval by 7-10 days
After Loan Approval
Setup Auto-Debit
Never miss an EMI payment
Maintain perfect credit record
Make Prepayments
Pay extra when possible
Save 40-50% on total interest
Claim Tax Benefits
Use 80C & Section 24
Save up to ₹2L annually
Consider Transfer
Switch for better rates
Save ₹10-20L on ₹50L loan
💡 Pro Tip: The 5% Prepayment Strategy
Prepaying just 5% of your loan amount annually can reduce your tenure by 8-10 years and save up to 45% of total interest!
₹50L
Loan Amount
₹2.5L
Annual Prepayment
₹22L
Interest Saved
Ready to Get Your Dream Home?
Start your IDFC First Bank home loan journey today with our exclusive rates and fast processing
2L+
Happy Customers
₹5000Cr+
Loans Processed
20+
Bank Partners
4.8★
Customer Rating