IDFC Home Loan

IDFC Home Loan

IDFC Bank, formerly known as Infrastructure Development Finance Company, offers its customers Home Loan with the attractive rates of interest. The bank offers great flexibility and fast process with the best home loan options to choose from.
The lender offers attractive housing loan interest rates starting from 8.90% p.a. The major factor why people choose IDFC is the loan amount i.e. maximum of Rs.10 Crore that can be availed. The bank also offers the lowest home loan rates in high ticket size cases.

Why Home Loan from IDFC?

If you are looking for home loan apply online, then IDFC is a one shot go for you. Choose IDFC Bank as your partner in lending money to accomplish your dream. With IDFC First Home Loan, there comes huge possibility of high loan amount sanctioned. The applicant can avail loan of up to Rs.10 Crore. One can avail up to 85% of the value of the property as loan. It is the most preferred home loan bank in India.
The rates of interest offered by the bank are extremely competitive and affordable. You can easily avail help and assistance for all your queries from phone bankers round the clock.

Fees and Charges
The mentioned below are the fees and charges applicable which are levied by IDFC Bank:
TYPES OF FEESCHARGES APPLICABLE
Rate of InterestSalaried applicants – 8.90%Women Borrowers - 8.70%
Processing Fee5000+Taxes as applicable
Pre-closure or part-payment chargesNil
Loan AmountUp to Rs. 10 Crore
Loan TenureUp to 30 years

Advantages of IDFC Bank Home Loan

IDFC offers exciting advantages and offers which grab the attention of customers to choose them for availing House Loan.

 

  •       Attractive rate of interest starting from 8.90% p.a.
  •       Best Home Loan rates in India.
  •       Easy process with minimal documentation.
  •       Doorstep service with complete throughout the process assistance.
  •       Maximum loan amount of Rs. 10 Crore.
  •      Quick process and easy disbursal
  •       Home loan insurance

Types of Home Loans by IDFC Bank

Below mentioned are the types of home loan schemes offered by IDFC Bank which are available at lowest home loan interest rates.

  1. Simple Home Loan
  • Upto Rs. 10 crore can be availed as loan amount
  • LTV (Loan-To-Value) is upto 85% of property value
  • Leverage of repaying only interest while the property is under construction
  • Loan eligibility can be increased by adding co-applicants
  • Home Loan Insurance at attractive rates
  • Competitive Interest Rates
  1. Short & Sweet Home Loan
  • Loan can be availed upto the maximum amount of Rs. 10 crore
  • LTV (Loan-to-value) upto 85% of the property value
  • Can be used as savings on interest
  • Money can be withdrawn whenever required during financial urgency
  • Faster repayment of loan by your deposits and transactions that reduces your interest outgo.
  • Adding co-applicant can increase the loan eligibility
  • Home Loan Insurance at attractive rates
  1. Booster Home Loan
  • Loan amount can go upto Rs. 75 lakhs and Loan-to-Value upto 85% of property value
  • Initial principal payments are not there if Booster Home loan is taken
  • Loan eligibility increases if family members are added as co-applicants
  1. Max Saver Home Loan
  • Loan amount can go upto Rs. 10 crore
  • Loan-to-Value upto 85% of property value
  • Adding co-applicant causes increase in the loan eligibility
  • Home Loan Insurance at attractive rates

 

Eligibility Criteria for applying for IDFC Bank Home loan

 

Your application for loan can be approved once you meet the eligibility criteria. The applicant must satisfy the following conditions to be eligible for the home loan:

  1. The minimum age to apply for IDFC Bank Home Loan stands at 23 years. The co-applicant too must be 23 years old.
  2. The minimum income of the applicant, if salaried, must be at least Rs.50, 000 per month (gross fixed salary). This income considered must be the Gross Monthly Income (GMI) plus 50% of the past three months average incentives plus annual bonus per month.
  3. The minimum loan amount that can be borrowed is Rs.30 lakh.

Documents required for applying for a Home Loan from IDFC Bank

To apply for home loan online you must be ready with the necessary documents in order to process and get instant approval.

TYPES OF FEESCHARGES APPLICABLE
Rate of InterestSalaried applicants – 8.90%Women Borrowers - 8.70%
Processing Fee5000+Taxes as applicable
Pre-closure or part-payment chargesNil
Loan AmountUp to Rs. 10 Crore
Loan TenureUp to 30 years

Procedure for applying for IDFC Home Loan Online

One can apply online for Home loan through our website with few simple steps by registering online:

  • Enter the required details including your employment type, name, e-mail address, city you are currently living in, type of business, annual income, required loan amount, and mobile number.
  • Provide your consent.
  • Choose IDFC Bank as your Business Loan partner.
  • Fill in the form by providing some basic details like your gender, marital status, PAN Number, and others and click proceed.

 

For further queries you can go through www.idfcbank.com

 

Know more about IDFC Home Loans – FAQs

Q. Is there any prepayment penalty attached with the IDFC Bank home loan?

A. Nil, there are no pre-payment charges.

Q. What is the maximum loan repayment period offered by IDFC Bank?

A. Upto 30 years for salaried and upto 20 years for self-employed.

Q. Does the bank offer the option of home loan balance transfer?

A. Yes.

Q. What is the rate of interest offered by IDFC bank for home loan?

A. 8.90% onwards per annum for Salaried customers.

QUICK OVERVIEW
Apply online at interest rate starting @8.90% p.a.
Free doorstep documents pick-up service
Quick approval and disbursal rate
Competitive and transparent process
One Click Home Loan eligibility check