Get Instant Call Back

Get Instant Call Back

Mon-Sat, 10:00 AM – 10:00 PM

Range of Interest Rate

12.50 % Onwards

Processing Fee Range

1.50 % Onwards

Loan Amount

10 Lakh – 15 Crore

Range of Loan Tenure

1-25 years

 

Key Salient Features

  • Balance transfer
  • Lowest Interest Rates
  • Loan Top Up

 

Documentation

  • KYC– Aadhar Card and PAN Cardd
  • Financial– Bank statement, Salary slips, latest form 16
  • Property– Allotment Letter and Registered Sale Deed

 

Trivia

  • The total number of branches of IDFC First Bank in India is 80
  • Average loan approval time is about 2-5 working days

USP’s

Doorstep Service

Dedicated Relationship Manager

Minimum Documentation

Fastest Sanction Process

 

Fee and Charges Details

  • Part prepayment and Foreclosure charges: NIL

Disclaimer

  • All intellectual property including trademarks, logos belong to the owner
Other Key Information:
Particulars Salaried Self-Employed
Age 24 to 62 Years 24 to 62 Years
Prepayment Charges/Foreclosure Zero Zero

FAQs

How do you apply for an IDFC First Bank Mortgage Loan?

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.  
What is the list of documents required to be submitted while applying for an IDFC First Bank Mortgage Loan?

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:

 

KYC Documents

Aadhar Card, PAN Card
Voter’s ID, Driving License
Electricity Bill, Photo ID Cards issued by the State or Central Government
Application form duly filled with passport-size photos of applicants and co-applicants

KYC Documents

Salaried
  • The previous three months’ salary slips and
    the Latest Form-16
  • Latest 2 years Form 16
  • IT Returns for the last three years
Self-Employed/Professional
  • Business Profile of the Applicant
    Latest 3 years ITR with Computation of Income
  • Balance Sheet, Profit, and Loss Account, and respective schedules
  • GST Registration Certificate, GSTR-3B Returns of
    latest 1 Year, and GSTR-3B Returns of latest 1 Year
    Company Udhyam certificate

Property Documents

Registered Sale Deed, and Draft Sale deed agreement/document copies
Allotment Letter, NOC (No Objection Certificate) from Society/Builder
Receipts of payments made to the Real Estate developer
Why should you choose an IDFC First Bank Mortgage Loan?

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.

How long does it take to get an IDFC First Bank Mortgage Loan sanctioned?

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

What is the minimum CIBIL score required to secure an IDFC First Bank Mortgage Loan?

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

What is the minimum and maximum mortgage loan amount sanctioned by the 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

Is a co-applicant mandatory for IDFC First Bank Mortgage Loan?

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’.

How frequently will my rate of interest change during the tenure of an IDFC First Bank Mortgage Loan?

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

Am I eligible for an IDFC First Bank Mortgage loan if I do not have my returns for three financial years?

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’.

How soon can I get my IDFC Bank Mortgage loan disbursed after it is sanctioned?

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.

Other Information of IDFC First Bank Mortgage Loan:

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 
Get Quote

EMI Calculator

Loan Amount

Rate of Interest

%

Loan Tenure (Years)

Years

Monthly EMI

21,617

Principal Amount

25,000,000

Interest Amount

23,000,000

Total Amount Payble

47,000,000

Interest Amount

Principal Amount

Apply for Mortgage Loan

Mortgage
Google

4.9

434 Google Reviews

Google

4.8

860 Justdial Rating

Loan Bazaar
#1 Choice
of Smart Customers

4.9

Google 434 Google Reviews

4.8

Jd 860 Justdial Rating

5/5

Hi, The new feature on Loan Bazaar Website, providing the facility to view the Home Loan Amortization Schedule is really wonderful. This will actually reduce paper wastage, telephone calls to be made and the waiting time for receiving the revert from Banker. It is quite an innovative move. Keep it up! Happy Diwali to one and all!

Shivam Sharma

5/5

Was struggling to get loan for my home from last 3 months, suddenly one day I found Loan Bazaar on google who is one of the most well known DSA for home loan. They offered me doorstep service and with the limited paper work, they santioned my loan within 7 days. Thanks to Loan Bazaar.

Aruna Kate

5/5

I work for an MNC financial services company in the customer service department and I must say that Loan Bazaar has one of the most user friendly website and EMI Calculator. Well done! In an endeavour to automate, My first visit to the website has been a pleasurable one!

Yash Sharma

5/5

Loan Bazaar Team’s commitment shown on the job are enthusing. I had opted for a switch over on HL recently and been able to get best possible attention and faster clearance over my request. Kudos Loan Bazaar…

Babu Patil

5/5

A very helpful and a very patient team . My special thanks to Mr.Jitendra Sharma and Ms.Kanchan for their support . Dont worry about loan just contact this team they have solution for all .Once again thank you all

Dr.Abhijeet Kumar

5/5

I recommended their services to a friend of mine, and the services given were excellent. Very professional team, with polite and helpful approach. Highly recommended

Jayesh Shah

5/5

Hi, The new feature on Loan Bazaar Website, providing the facility to view the Home Loan Amortization Schedule is really wonderful. This will actually reduce paper wastage, telephone calls to be made and the waiting time for receiving the revert from Banker. It is quite an innovative move. Keep it up! Happy Diwali to one and all!

Shivam Sharma

5/5

Was struggling to get loan for my home from last 3 months, suddenly one day I found Loan Bazaar on google who is one of the most well known DSA for home loan. They offered me doorstep service and with the limited paper work, they santioned my loan within 7 days. Thanks to Loan Bazaar.

Aruna Kate

5/5

I work for an MNC financial services company in the customer service department and I must say that Loan Bazaar has one of the most user friendly website and EMI Calculator. Well done! In an endeavour to automate, My first visit to the website has been a pleasurable one!

Yash Sharma

5/5

Loan Bazaar Team’s commitment shown on the job are enthusing. I had opted for a switch over on HL recently and been able to get best possible attention and faster clearance over my request. Kudos Loan Bazaar…

Babu Patil

5/5

A very helpful and a very patient team . My special thanks to Mr.Jitendra Sharma and Ms.Kanchan for their support . Dont worry about loan just contact this team they have solution for all .Once again thank you all

Dr.Abhijeet Kumar

5/5

I recommended their services to a friend of mine, and the services given were excellent. Very professional team, with polite and helpful approach. Highly recommended

Jayesh Shah