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Home Loan
IDFC FIRST Bank is known for transparent pricing, fast processing, flexible eligibility, and modern digital support, offering reliable home loans for salaried, self-employed, and NRI borrowers.
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Types of IDFC First Bank Home Loans & Key Features
🏡 IDFC First Bank Home Loan – Smart, Fast & Affordable Housing Finance for Every Indian
Your trusted partner for quick approvals, low interest, and smooth digital onboarding.
IDFC offers different home loan products tailored for buying, building, renovating, or transferring balance from another bank. With flexible LTV, competitive floating & fixed rates, and long tenures, these loans fit diverse financial needs.
📊 Types & Features:
| Home Loan Type | Floating Rate (Approx) | Fixed Rate (Approx) | Max Tenure | LTV | Max Loan Amount |
|---|---|---|---|---|---|
| Home Purchase Loan | 8.65% – 10.50% | 9.10% – 11.00% | Up to 30 years | Up to 90% | ₹75 Cr* (Profile-based) |
| Home Construction Loan | 8.70% – 10.60% | 9.20% – 11.10% | Up to 30 years | Up to 85% | ₹10 Cr* |
| Home Renovation Loan | 9.00% – 11.50% | 9.50% – 12.00% | Up to 15 years | Up to 75% | ₹1 Cr* |
| Plot + Construction Loan | 8.80% – 10.70% | 9.40% – 11.30% | Up to 30 years | Up to 80% | ₹5 Cr* |
| Balance Transfer Loan | 8.50% onwards | 8.90% – 10.50% | Remaining tenure | Up to 90% | ₹5 Cr* |
💡 PoketCare Pro Tip: Choose a floating rate if you expect RBI rate cuts; choose fixed rate for long-term stability and predictable EMIs.
Home Loan Insurance Recommendation
Securing your IDFC First Bank home loan with a protection plan ensures your family stays stress-free during uncertainties. It covers death, disability, or income loss.
💡 PoketCare Pro Tip: Opt for single-premium home loan insurance, financed inside the loan, so you don’t feel an upfront burden.
Ideal Borrowers & Eligibility Criteria
IDFC First Bank evaluates borrowers based on income stability, credit score, existing EMI load, and property value. Ideal applicants include salaried employees, business owners, professionals, and NRIs with good repayment capacity and clean financial history.
✔️ Eligibility Criteria
👨💼 Salaried Borrowers
- Minimum salary: ₹25,000/month
- CIBIL Score: 700+
- Work experience: 1+ year
- Age: 21–60 years
🧾 Self-Employed Borrowers
- Minimum business vintage: 3 years
- ITR: Last 2 years
- CIBIL Score: 700+
- Age: 21–65 years
🌍 NRIs
- Valid work permit
- Minimum income as per country slab
- CIBIL Score: 700+
- Co-applicant recommended
💡 PoketCare Pro Tip: Add a high-income co-applicant to unlock a higher LTV and better interest rate.
Documents Checklist (Salaried - Self-Employed - NRI)
Use this fully simplified IDFC documents table to avoid delays. Keep soft copies ready for faster digital approval through PoketCare’s seamless upload system.
📑 Document Table View
| Document Type | Salaried | Self-Employed | NRI |
|---|---|---|---|
| KYC (Aadhaar, PAN) | ✔️ | ✔️ | ✔️ |
| Address Proof | ✔️ | ✔️ | ✔️ |
| Income Proof | Salary slips (3–6 months) | ITR + P&L + Balance Sheet (2 years) | Overseas salary slips/contract |
| Bank Statements | 6 months | 12 months | 12 months |
| Employment Proof | Form 16 | GST/Business Registration | Work Visa/Permit |
| Property Papers | ✔️ | ✔️ | ✔️ |
| NRI Specific | — | — | NRE/NRO statements |
💡 PoketCare Pro Tip: Upload clear PDF scans to avoid re-verification and fast-track approval by 2–3 days.
All Types of Charges (Pre & Post Disbursement)
Knowing charges upfront helps you compare transparently. IDFC is known for honest, no-surprise fee structure. Below is a fully updated, borrower-friendly charges table.
🧾 Charges Table
| Charge | Amount/Percentage |
|---|---|
| Processing Fee | 0.5% – 2% of loan |
| Legal & Technical | ₹5,000 – ₹15,000 |
| Login Fee | ₹2,500 – ₹5,000 |
| Stamp Duty | State-wise |
| MODT Charges | 0.1% – 0.3% |
| Prepayment (Floating) | Nil |
| Prepayment (Fixed) | 2% – 4% |
| EMI Bounce Charges | ₹400 – ₹700 |
| Penal Interest | 2% per month |
💡 PoketCare Pro Tip: Choose floating rate if you want complete freedom for part-prepayment anytime without penalty.
Benefits of IDFC Home LoanIDFC combines digital convenience with personalised support, making it a preferred choice for modern homebuyers.
IDFC combines digital convenience with personalised support, making it a preferred choice for modern homebuyers.
⭐ Key Benefits
⚡ Fast digital approval within 24–48 hours
💸 Competitive interest rates
📱 Fully online journey
🧾 Simple documentation
🏡 Higher LTV available
🔁 Balance transfer + top-up flexibility
🛡️ Attractive insurance bundling
💡 PoketCare Pro Tip: Balance transfer customers should request additional top-up to consolidate high-interest loans.
Useful Links for Home Loan Borrowers
🏠 PMAY Subsidy Info: https://pmaymis.gov.in
📊 Home Loan EMI Calculator (PoketCare): (Add your link)
📈 CIBIL Score Check: https://www.cibil.com
🔄 Balance Transfer Options: (PoketCare link)
💡 PoketCare Pro Tip: Use the EMI calculator before applying to choose the sweet EMI spot that fits your monthly budget.
🏁 Conclusion
IDFC First Bank is a solid choice for affordable, flexible, and digitally-driven home loans. With PoketCare, you get Technology-Driven matching, lowest-rate suggestions, expert support, and a paperless journey, helping you secure the perfect home loan faster than any traditional method.