To apply successfully and secure an IDFC First Bank Mortgage Loan, you need to take the following steps:

1. First you need to submit the IDFC First Bank digital application form completely for a mortgage loan at lowest minimum interest rate available
2. Submit a few important documents such as KYC, Financial, and Property 
3. The IDFC First Bank  then initiates the mortgage loan process that includes legal and technical verification 
4. It is then that they determine your loan eligibility. They then provide you with a sanction letter. It includes the following details: sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, validity of sanction letter, special conditions (if any), and other terms and conditions 
5. Once the documents are completely verified,  a mortgage loan disbursement is raised, and a disbursement cheque is issued.  

There are a few documents that you need to submit while applying for an IDFC First Bank Mortgage Loan. They are given in a tabular form below:

IDFC First Bank Mortgage Loan provides for you mortgage loans that are customized as per your requirements. Besides, it also offers you fast approval on the mortgage loan you take.

Once you submit the necessary documents, the IDFC First Bank should not take more than 10-15 days to get the loan sanctioned.

A minimum CIBIL score of about 740 is needed to secure an IDFC First Bank Mortgage Loan.

The minimum mortgage loan amount sanctioned by IDFC First Bank is 10 Lakh and maximum loan amount is 15 Crore

Many banks or other financial institutions like IDFC First Bank require only a co-owner to be a co-applicant for a mortgage loan. Moreover, it is not necessary that you have a co-applicant to apply for an IDFC First Bank Mortgage Loan. Although, if you do have one it only helps in significantly improving your loan eligibility and proving to your lender your ‘Creditworthiness’.

The rate of interest for IDFC First Bank Mortgage Loan is floating interest rate which is linked to RLLR
( REPO LINKED LANDING RATE )
Therefore it will reused by the change every time the repo rates gets reused by the regulator

In case you possess IT returns of three financial years that you can show, the chances of you securing an lDFC First Bank Mortgage Loan increases significantly. Moreover, you can secure it even if you do not have IT returns of three financial years, if you are seeking a small mortgage loan amount and you have a good CIBIL score to prove that you are ‘Creditworthy’.

Usually, once you apply and submit all the necessary documents for an IDFC Bank Mortgage loan, this bank provides you with disbursal of mortgage loan anywhere between 10 to 15 working days.

A  few important details about IDFC First Bank Mortgage Loan that you need to know  given below in a table below:

1. Features of IDFC First Bank Mortgage Loan:

   There are few features of the IDFC First Bank Mortgage that are given below: 

   1. Save 20% on EMI
   2. Get finance for 80% of the property value  
   3. Balance Transfer option available