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IDFC FIRST Bank Home Loan

IDFC First Bank offers home loans at competitive interest rates to its creditworthy applicants. The bank offers a ‘Fastrack’ home loan balance transfer facility with top-up home loans, various surrogate programs to arrive at higher eligibility for self-employed customers and specialised insurance products to protect borrowers’ families in case of unfortunate circumstances. Its 'No Income Proof' Program allows customers without regular income documents to avail home loan.

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HDFC Bank
Min Loan Amt. ₹15L
Rate of Interest7.2% - 13.2%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
ICICI Bank
Min Loan Amt. ₹15L
Rate of Interest7.65% - 9.80%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
Axis Bank
Min Loan Amt. ₹30L
Rate of Interest8.35% - 11.90%
Tenure uptoUpto 30 Years
Processing Fee₹ 14,000

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How Can I Apply for a Home Loan Online?

Get up to ₹5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

IDFC FIRST Bank Home Loan Highlights

Interest Rate 8.85% p.a. onwards
Loan Amount Up to Rs 10 crore
Loan Tenure Up to 30 years
Processing Charges Up to 3% of the loan amount
Minimum Income For Salaried: Rs 1 lakh p.a.For Self-Employed: Rs 1.5 lakh p.a.

Rates as of 4th February 2026

IDFC FIRST Bank Home Loan Interest Rates

IDFC FIRST Bank Home Loan interest rates when applied through Paisabazaar start from 8.85% p.a. onwards. The lender offers differential interest rates based on the type of loans and employment type of its applicants.

Regular Home Loan Interest Rates

For Salaried
Loan Type Interest Rates (p.a.)
Home Loan 8.85% onwards
Home Loan Balance Transfer 8.85% onwards
Top up Loan Top-up at same ROI as BT subject to max capping of 100% of the BT loan amount
For Self-Employed
Loan Type Interest Rates (p.a.)
Home Loan 9.00% onwards
Home Loan Balance Transfer 9.00% onwards
Top up Loan Top-up at same ROI as BT subject to max capping of 100% of the BT loan amount

Compare IDFC FIRST Home Loan Interest Rates with Other Lenders

Name of Lender Interest Rates
Axis Bank 8.00% p.a.
Bajaj Housing Finance 7.15% p.a.
Bank of India 7.10% p.a.
Canara Bank 7.15% p.a.
Easy Home Finance 8.99% p.a.
Federal Bank 8.75% p.a.
Godrej Housing Finance 7.60% p.a.
HDFC Bank 7.20%* p.a.
HDFC Sales Pvt. Ltd. 7.20%* p.a.
Home First Finance 8.00% p.a.
ICICI Bank 7.45% p.a.
IDBI Bank 7.35% p.a.
India Shelter Home Loan 8.43% p.a.
Jio Housing Finance 8.20% p.a.
L&T Finance Limited 7.65%* p.a.
Piramal Capital Housing Finance 9.99% p.a.
PNB Housing Finance 7.50% p.a.
Punjab & Sind Bank 7.30% p.a.
Punjab National Bank 7.20% p.a.
RBL Bank 8.20% p.a.
Sammaan Capital (Formerly known as Indiabulls Housing Finance) 8.75% p.a.
Shubham Housing Finance 10.45% p.a.
State Bank of India 7.25% p.a.
Tata Capital Housing Finance 7.50% p.a.

*when applied through Paisabazaar

Rates as of 4th February 2026

IDFC FIRST Bank Home Loan Fees and Charges

Processing Fee & Other Charges

Processing Fees Up to 3% of the loan amount
EMI Bounce charges Rs 500
Physical copies of documents, List of Documents, Statement of Account, Repayment Schedule Rs 500
Cheque/ Instrument Swap charges (per swap) NIL
Switch Fee • From Fixed to Floating interest rate – up to 2% of the sanctioned amount
• From higher fixed interest rate to lower fixed interest rate – up to 1% of the sanctioned amount
• From floating interest rate to fixed interest rate – as per the existing fee
Loan rescheduling charges Rs 300
Cancellation and rebooking charges 1% of loan amount plus interest from date of disbursal till receipt of cancellation request
Penal charges 2% per month of unpaid EMI or Rs 300, whichever is higher
Repricing Fees Up to 2%

Foreclosure/Prepayment/Part Payment Charges

Particulars Charges
For loans having floating interest rate NIL
For loans having fixed interest rate for entire tenure Upto 2% of the sanctioned amount
For loans having hybrid interest rate
  • If Foreclosure/ Prepayment/ Part Payment is done during floating rate: NIL
  • If Foreclosure/ Prepayment/ Part Payment is done during fixed rate: Up to 2% of the sanctioned amount

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Types of IDFC FISRT Bank Home Loan

IDFC FIRST Housing Loan

  • Purpose: IDFC FIRST Bank offers home loans to individuals for purchasing or constructing house/flat, renovation of existing property or purchase of plot and construction of house, thereon.
  • Loan Amount: Up to Rs 10 crore
  • Tenure: Up to 30 years

IDFC FASTRACK Home Loan Balance Transfer

  • Purpose: IDFC FIRST Bank offers home loan balance transfer facility to existing home loan borrowers of other banks and HFCs for transferring their home loans to IDFC FIRST Bank at lower interest rates. Balance transfer applicants can also avail additional top-up home loans at the same rate as balance transfer rates.
  • Loan Amount: Up to Rs 2 crore
  • Tenure: Up to 30 years

Eligibility Criteria for IDFC FIRST Bank Home Loan

For Salaried

  • Nationality- Indian residents and NRIs
  • Minimum age at the time of loan application- 21 years
  • Maximum age at the time of loan maturity-60 years
  • At least 3 years of work experience
  • Minimum Income: Rs 1 lakh p.a.

For Self-Employed

  • Nationality- Indian residents
  • Minimum age at the time of loan application- 23 years
  • Maximum age at the time of loan maturity-70 years
  • Minimum Income: Rs 1.5 lakh p.a.
  • At least for 4 years into business

Additionally, IDFC FIRST Bank may also consider the credit score of its applicants just like other banks/HFCs do while evaluating the home loan eligibility of their applicants.

Documents Required to Apply for IDFC FIRST Home Loan

  • Documentation- Form 16 or PAN card (mandatory)
  • Photo Identity Proof/Address Proof- Passport/Voter ID/Driving License/Aadhaar card/Job card issued by NREGA/National Population Register

Income Proof

Salaried Individual:

  • Salary slip of last 2 months
  • Bank statement for last 6 months reflecting salary credit

Self-employed Individual:

  • ITR with income computation
  • Balance sheet and P&L account with schedule
  • Bank statement of business account for last 12 months

Property Proof

  • Allotment or Possession Letter
  • Copy of draft sale deed and chain title documents
  • No objection certificate from the society and other documents as per legal report

Business Proof

  • Shop establishment certificate
  • GST return
  • Trade/professional license (sales tax number, importer’s/exporter’s code)

 Business Address Proof

  • Paid telephone bill and paid electricity bill not older than 3 months from loan application
  • Registered or notarized rent deed
  • Property registered deed
  • Property allotment letter from government/registered societies
  • Property papers- unregistered sale deed plus GPA
  • Latest bank statement or updated passbook in the name of the borrower

Additional Documents for IDFC FIRST Bank Home Loan Balance Transfer

  • Documents certified by Balance Transfer bank or HFC kept by them
  • Recent foreclosure letter from another lender mentioning the account holder’s name and loan account number

To enquire more about IDFC FIRST Bank Home Loans contact IDFC FIRST Bank Home Loan Customer Care

How Can I Apply for a Home Loan Online?

Get up to ₹5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

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FAQs

IDFC FIRST Bank home loan interest rate starts from 8.85% p.a. onwards based in the credit profile of its home loan applicants.

IDFC FIRST Bank offers home loans at floating rates only.

IDFC FIRST Bank has not mentioned the cut-off credit score for home loan applicants. However, applicants with credit scores of 750 and above usually have higher chances of availing home loans at lower interest rates.

IDFC FIRST Bank has set 2nd, 5th and 10th of each month for the repayment of home loan EMI.

Yes, you can avail home loans from IDFC FIRST Bank even if you do not have any income documents. The “No Income Proof” program of IDFC FIRST Bank allows applicants without regular income to avail home loans.

No, it is not mandatory to have a co-applicant for a home loan. However, the co-owner(s) of the property should be the co-applicant.

Yes, you can foreclose your home loan availed from IDFC FIRST Bank. The bank does not levy any foreclosure charges on home loans offered at floating rates.

IDFC FIRST Bank Home Loan borrowers can claim tax deduction under Section 80C and 24b of Income Tax Act. Under Section 80C, the borrower can avail tax deduction of up to Rs 1.5 lakhs per financial year on principal repayment. They can also avail a tax deduction of up to Rs 2 lakhs per financial year on the interest paid on home loan under Section 24b. In case of a rented property, the entire interest repayment amount is allowed as tax deduction without any limit.

Yes, you can make part prepayments on your home loan. IDFC FIRST Bank does not charge any part prepayment fee on home loans at floating rates.

The reset frequency of repo rate for home loans offered by IDFC FIRST Bank would be 3 months.

IDFC FIRST Bank may offer two home loans to its applicants at a time provided the applicant has satisfactory repayment capacity, and fulfills other eligibility criteria, such as age, credit score, etc. set by the bank. Note that the lender would also consider the title, location and other features of the property while evaluating the loan application.

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