How to take IDFC Home Loan 2023?

How to take IDFC Home Loan? Get all the details about IDFC First Bank Loan

Friends, do you know how to take IDFC Home Loan? If you need information about IDFC First Bank Home Loan, we can help you. In this article, we will give you all the information about IDFC Home Loan, which will be helpful in knowing about the bank home loan in detail and availing the loan.

IDFC Bank is one such bank that provides IDFC Bank Loan schemes according to the needs of the customers, so that the customers can choose the IDFC Bank Loan according to their needs. So, if you also want to take a loan from IDFC Bank, then read this article completely.

In this article, we will discuss with you about IDFC First Bank Home Loan in detail. In which you will know how to take home loan from IDFC Bank (How to take home loan from IDFC Bank), and what is the interest rate of IDFC Bank Home Loan?

So friends, this article of ours is related to this topic that how to take IDFC Home Loan. Friends, let us tell you that IDFC Bank offers you IDFC Home Loan at a very low interest rate. Under which you will get IDFC Bank.

Now there will be a question in your mind that how IDFC Home Loan will give you then there is nothing to worry, in this article we will explain in detail how to apply for IDFC Home Loan online.

Now everyone can easily avail IDFC Home Loan for their home from IDFC Bank.

What is Home Loan

If you are thinking of taking a mortgage loan from IDFC Bank, then first of all it is important to know what is this mortgage loan. So friends, if a person wants to build his house or buy a new house, if he takes a loan from a bank or a lending institution, then this loan is called a home loan.

Let us tell you that if you also want to take a home loan, then many IDFC Bank Home Loan Festival Offers are going on at IDFC Bank Home Loan where you can take a home loan at a good deal.

IDFC Home Loan under IDFC Limited starts at an interest rate of 8.85% per annum on IDFC Bank Home Loan.

So friends, by now you must have known what is Home Loan (What is Home Loan in Hindi?) Now let us know what are the features and benefits of IDFC Bank Home Loan.

Types of IDFC First Bank Home Loan

IDFC First Bank provides different Home Loans to the customer. There are 3 main types of home loans offered by this bank which are as follows:

1. IDFC First Housing Loan:-

Objective	To buy a new house To renovate an existing house
Loan Amount	Can be up to Rs 5 crore
Loan Tenure	up to 30 years

2. IDFC FASTRACK Home Loan Balance Transfer

Objective	Second, to transfer home loan from any other bank to idfc bank, to transfer home loan at a lower rate of interest
Loan Amount	Can be up to Rs 2 crore
Loan Tenure	up to 30 years

3. IDFC First Suvidha Shakti

Objective	To meet the needs of women to get water connection, sanitation other home improvement
Loan Amount	Sanitation : Rs. 15,000 – Rs. 50,000 Renovation/Repair/Extension/Productive Housing: Rs. Upto Rs.25,000 – 1 Lakh Water Connection: Upto Rs.10,000 – Rs.50,000 Water+Sanitation: Upto Rs.25,000 – Upto Rs.1 Lakh
Loan Tenure	up to 3 years

IDFC Home Loan Interest Rate

IDFC Home Loan Interest Rate 2023: Friends, on taking IDFC Home Loan, you may have to pay an interest rate of 8/8.5% per annum.

Friends, you also need to know that IDFC Home Loan Interest is charged on the basis of applicant’s monthly salary and his CIBIL score, amount of loan to be taken and the period to repay the loan. If you are an old customer of IDFC Bank, then IDFC Home There can be some relief in the loan interest rate.

Regular Home Loan Interest Rates

For Employed:

Home Loan – Starting from 8.85%

Home Loan Balance Transfer – Starting at 8.85%

For non-employed :

Home Loan – Starting from 9.25%

Home Loan Balance Transfer – Starting at 9.25%

IDFC Bank Home Loan Eligibility Criteria

IDFC Home Loan Eligibility: Friends, IDFC Bank offers various home loan schemes keeping in mind the needs of its customers. And the eligibility criteria are different for all the home loan schemes. But here we will give you some basic details of IDFC Bank Home Loan. It will tell you the eligibility and conditions.

IDFC Bank Home Loan for Self Employed (Salaried) Eligibility Criteria:-

• Anyone filing income tax return can avail IDFC Bank Home Loan.
• The applicant must be over 21 years of age at the time of origination of the mortgage loan.
• The applicant should not be more than 70 years of age at the time of maturity of the mortgage loan.

IDFC Bank Home Loan for Salaried Eligibility Criteria:-

• The applicant customer should be a permanent employee in a government or private organization.
• The applicant must be over 21 years of age at the time of origination of the mortgage loan.
• The applicant should not be more than 70 years of age at the time of maturity of the mortgage loan.

IDFC Bank Home Loan for Professionals Eligibility Criteria:-

• Professionals such as engineers, accountants, architects, company secretaries, management consultants, doctors, public accountants, dentists, among others, are eligible to avail IDFC Bank mortgage loans.
• The applicant must be over 21 years of age at the time of origination of the mortgage loan.
• The applicant should not be more than 70 years of age at the time of maturity of the mortgage loan. Reload at rate (subject to a maximum of 100% of the balance transfer loan amount)

IDFC First Bank Home Loan Fees and Charges

Processing Fee	Up to 3% on loan amount
Repayment Instrument Swap Charge	500 ₹
Document Copy Fees	500 ₹
Physical Account Statement	500 ₹
Duplicate List of Documents	500 ₹
Loan Rescheduling Charge	300 ₹
Bounce fees	400 ₹
Cancellation and Rebooking Charges	Up to 1% on loan amount
Penal Charge
Physical Repayment Schedule	500 ₹

Documents Required for IDFC Bank Home Loan

IDFC Home Loan requires a lot of documents which are as follows:

• Proof of income
• Proof of address
• Application form
• Proof of Identity (Aadhaar Card, Voter Card)
• Proof of age
• Signature proof
• Loan agreement
• Loan annexure
• Bank’s sanction letter
• Processing Fee Cheque(in favor of Bank)
• Bank statement or TDS challan

Friends, remember that this is only the basic document for taking IDFC Bank Home Loan, apart from this, the bank can also ask for other documents for home loan.

Apply IDFC Bank Online Home Loan

• First of all, you have to go to the official website of IDFC Bank by clicking here.
• Click on Home Loan.
• Now the names of many IDFC Bank Home Loan schemes will come in front of you. After selecting it click on Apply Now option.
• Now the IDFC Bank Home Loan online application form will open in front of you.
• After selecting your name, email id, mobile number, state and city in the IDFC Bank Home Loan application form, you will need to fill all other personal details and submit the form.
• Now IDFC Bank loan department employee will contact you for KYC.
• If everything is in order, the IDFC Home Loan will be credited into your account.

So friends, in this way you can apply for idfc home loan online.

How to Apply Offline by Going to Bank

• First of all, you have to go to any IDFC Bank branch near you.
• One has to visit IDFC Bank and talk to an IDFC Bank loan department employee about the home loan.
• IDFC Bank will give you the mortgage loan application form.
• By filling this form completely and attaching all the necessary documents, you have to submit this form to the bank.
• IDFC Bank staff will check your eligibility and documents to see if you are indeed eligible for the home loan.
• If the bank finds you eligible for the home loan (IDFC Home Loan Eligibility), then your loan will be approved in a few days or months.
• And your mortgage loan amount will be deposited into your bank account.

So friends, in this way you can apply for home loan online or you can take IDFC Home Loan by going to the bank.

IDFC Home Loan Customer Care

IDFC Home Loan Customer Care

Service	Number to connect	Working Hours
Customer care	1800 10 888	Available 24×7 all days of the year

FAQs for IDFC Home Loan

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