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IDFC FIRST Bank Home Loan Interest Rate 2026

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Lowest interest rates starting from 7.1%

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Competitive Interest Rates

Starting 7.10% p.a.

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IDFC FIRST Bank Home Loan Interest Rates

Type Loan Rates
Home Loan ROI starting from 7.80%

Types of IDFC FIRST Bank Home Loan Interest Rates

  • Fixed Interest Rate: Under a fixed interest rate, the interest rate stays the same for the agreed fixed period. This means your EMI is more predictable and makes it easier to plan your monthly budget.
  • Floating Interest Rate: A floating interest rate can change over time depending on changes in the external benchmark lending rates or other applicable market conditions. When the rate changes, your EMI, loan tenure, or both may change.

IDFC FIRST Bank Home Loan Processing Fee & Other Charges

Particulars Fees Details
Processing Fees Up to 3% of the loan amount
Document Charges Nil
Penal Charges for delay in payment (Non-payment of EMI/installment/amount payable).
Penal charges will be levied on the customer post expiry of the grace period of 7 days 		12% p.a. (1% p.m.) or Rs. 300, whichever is higher
Foreclosure / Prepayment / Part Payment charges For loans having floating rate of interest : i. Foreclosure / Prepayment/ Part Payment charge: NIL
For loans having fixed rate of interest for entire tenure: i. Foreclosure / Prepayment/ Part Payment charge: Up to 2% of the principal outstanding amount, excluding applicable charges/taxes.
For loans having hybrid rate of interest: i. If Foreclosure/ Prepayment/ Part Payment is done during floating rate: NIL ii. If Foreclosure/ Prepayment/ Part Payment is done during fixed rate: Up to 2% of the principal outstanding amount, excluding applicable charges/taxes

IDFC FIRST Bank Home Loan Interest Rate vs. Other Banks (2026)

Name of Lender Interest Rates
Axis Bank 7.35% p.a. onwards
Bajaj Housing Finance 7.20% p.a. onwards
Bank of India 7.10% p.a. onwards
Canara Bank 7.15% p.a. onwards
Easy Home Finance 10.50% p.a. onwards
Federal Bank 7.35% p.a. onwards
Godrej Housing Finance 7.75% p.a. onwards
HDFC Bank 7.20% p.a. onwards*

*When applied through Paisabazaar.

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How to Get the Lowest IDFC FIRST Home Loan Interest Rate

  • Keep your credit score above 760: A good credit score can help you get a lower interest rate.
  • Pay a higher down payment: If you pay more from your own pocket, you need to borrow less. This can improve your chances of getting a better rate.
  • Choose a shorter loan period: If you can afford a higher EMI, choosing a shorter loan tenure can help you save a lot on total interest.
  • Have a strong job profile: A stable salaried job, especially with a reputed company, can make your loan application stronger and may help you get a better rate.

How Is IDFC FIRST Bank Home Loan EMI Calculated?

The EMI for an IDFC FIRST Bank Home Loan mainly depends on the loan amount, interest rate, and repayment tenure. The EMI includes both the principal and interest components.

The standard formula is:

EMI = [P × r × (1 + r)ⁿ] / [(1 + r)ⁿ − 1]

Where:

  • P = Loan amount
  • r = Monthly interest rate
  • n = Number of monthly instalments

You can also use Paisabazaar’s Home Loan EMI Calculator to estimate your monthly repayment quickly.

Examples of IDFC FIRST Bank Home Loan EMI

IDFC FIRST Bank Home Loan EMI for 10 years

Interest Rate (p.a.) Loan Amount (Rs.) Loan Tenure (years) EMI (Rs.)
8.50% 10 lakh 10 12,399
8.50% 20 lakh 10 24,797
8.50% 25 lakh 10 30,996
8.50% 30 lakh 10 37,196
8.50% 32 lakh 10 39,675

IDFC FIRST Bank Home Loan EMI for Rs. 30 Lakh

Interest Rate (p.a.) Loan Amount (Rs.) Loan Tenure (years) EMI (Rs.)
8.50% 30 lakh 15 29,542
8.50% 30 lakh 20 26,035
8.50% 30 lakh 25 24,157
8.50% 30 lakh 30 23,067
8.50% 30 lakh 32 22,764

How to Get the Best Home Loan Interest Rates from IDFC FIRST Bank

  • A credit score of 750 and above.
  • Check for interest rate offers.
  • Existing customers can check for pre-approved offers, if any.
  • Make a higher down payment.
  • Negotiate with the lender.
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FAQs

What is the current home loan interest rate offered by IDFC FIRST Bank?

IDFC FIRST Bank Home Loan interest rate starts at 7.80% per annum in September 2026.

How often does the IDFC FIRST Bank home loan interest rate change?

The interest rate may vary based on the loan terms and applicable conditions. Applicants should check the current rate before applying.

Can I negotiate the home loan interest rate with IDFC FIRST Bank?

The applicable rate may depend on your income, credit history, loan amount, tenure, and other eligibility factors.

How are home loan interest rates and EMI related?

A higher interest rate generally results in a higher EMI, while a lower rate can reduce the monthly repayment.

What is the EMI for a Rs. 30 lakh home loan for 20 years?

At an 8.50% annual interest rate, the EMI for Rs. 30 lakh over 20 years is Rs. 26,035 per month.

How can I reduce my IDFC FIRST Bank home loan interest rate?

A strong credit profile and suitable loan terms may help you get a better rate. The final rate depends on the bank's assessment.

What is the processing fee for an IDFC FIRST Bank home loan?

The processing fee is up to 3% of the loan amount. Physical copies of documents or statements cost Rs. 500, while soft copies are free.

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