Buying a home is now easier than ever. With IDFC FIRST Bank home loan, we give you the best home loan interest rates on housing finance and a wide selection of property, so you can live your best life. Apply for a home loan online with us and avail of IDFC FIRST Bank's low EMI option and quick processing facility. Once you’ve applied, you can even track your house loan status. We have also expanded our criteria to make them more accessible. You also get the option to effortlessly transfer a house loan if you have an existing one. So, come, live in your dream home with IDFC FIRST Bank.
₹
500000
36
months
10
%
Monthly EMI
₹
₹ 32,124.56
Total Interest
₹
10,622.78
Principal Amount
₹
500000
Payable Amount
₹
160,622.78
| Pay No. |
Begining Balance | EMI | Principal | Interest | Ending Balance |
|---|---|---|---|---|---|
| 1 | 150000.00 | 32124.56 | 28637.06 | 3487.50 | 121362.94 |
| 2 | 121362.94 | 32124.56 | 29302.87 | 2821.69 | 92060.07 |
| 3 | 92060.07 | 32124.56 | 29984.16 | 2140.40 | 62075.91 |
| 4 | 62075.91 | 32124.56 | 30681.30 | 1443.26 | 31394.61 |
| 5 | 31394.61 | 32124.56 | 31394.64 | 729.92 | -0.03 |
A home loan, or a house loan, allows you to purchase the home of your dreams without having to pay for it upfront. Depending on your home loan eligibility, you can secure a loan that is as high as 90% of the value of the property. You can check home loan eligibility in many ways, be it online, through our app or by visiting any of our branches.
Yes, you will have to make a down payment. IDFC FIRST Bank finances up to 90% of the cost of your home. This makes purchasing your dream home extremely easy, as you do not need to finance the bulk cost of your future home upfront.
IDFC FIRST Bank offers house loans to a wide variety of customers from diverse backgrounds. This includes salaried and self-employed professionals, sole proprietors and owners of partnership firms. You should be at least 21 years of age at the time of taking the home loan and your maximum age should not exceed 70 years. We require salaried individuals to have at least 3 years of work experience. Self-employed individuals should have been in business for at least 3 years with a positive net worth. Additionally, you should have a clear banking and loan payment history, and a good credit rating score. IDFC FIRST Bank also offers this home loan to Micro, Small and Medium Enterprises. It’s easy to get the loan amount with our fasttrack balance transfer facility and enjoy our amazing benefits.
Yes, you can apply for a house loan even if you do not have any income documents. Our 'No Income proof' Program allows customers without regular income to avail of a loan and home loan tax benefits.
No, you do not need a co-applicant for your home loan. However, if the property for which you want to apply for a house loan has co-owner(s), then this or these person(s) must also be co-applicant(s) on your home loan application. If you want to be a single applicant, life insurance is compulsory for you.
Note: This content is taken from IDFC First Bank website
Call Now
Enquiry Now