Home Loan

IDFC FIRST Bank’s comprehensive home loan solution can make your dream of owning a home come true! Our team of experts our here to guide you through the process of buying a home from start to end.

Home Loan
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Key Features and Eligibility

Our comprehensive tailor-made home loan solutions include:

  • Normal income programme: Avail a loan based on your financial statements.
  • Debt consolidator: For multiple loans, you can consolidate payments into one single EMI. You may also avail additional loan.
  • Balance transfer programs
  • Repayment track record
  • Assessed income programme
  • No income and high equity programme
  • Document Custodial Facility
  • IDFC FIRST Bank understands the importance of safeguarding your property documents and has entered into a strategic partnership with one of the leading storage facilities in India for storing your valuable property documents. You can be assured about your document residing safely with state of the art storage facility plus world class security systems and fire resistant storage rooms.


  • Salaried and self-employed professionals
  • Sole proprietors and partnership firms
  • Minimum age at the time of taking the loan is 23 years and maximum 70 years or retirement at the time of maturity.
  • Clear record in terms of past loans and statutory payments.
  • Good credit rating score in credit bureau.
  • Minimum 3 years in business with a positive net worth (for self-employed) or 3 years work experience. (for Salaried individuals)
  • Micro, small and medium enterprises.

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Home Loan with IDFC FIRST Bank

Product External Benchmark Fixed Spread over External Benchmark
Housing Loan Repo 3.00%
  • Additional Premium will be added over and above the (a) External Benchmark (b) Spread over External Benchmark upto 400 bps depending on customer risk profile, product strategy, market competition etc.
  • Premium will be fixed at the time of the origination of the loan and will not be changed unless there is change in the customer risk profile.
  • In no case the fixed spread be changed for a minimum period of 3 years from the contracted rate.
  • Any change in the Repo Rate will be passed on to the customers on the next reset date.

Switch TO IDFC FIRST Bank Home Loan with FASTTRACK Balance Transfer Facility


  • Additional top-up facility based on repayment track record.
  • Eligibility based on repayment track record of existing Home Loan
  • Balance Transfer from all Banks, HFCs and NBFCs
  • Legal report waiver in case of Balance Transfer from leading banks & NBFCs
  • Attractive rate of Interest
  • Loan amount up to INR 2 crores
  • Loan amount up to 30 years

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  • Business proof (self-attested copy of any one document*)
  • Shop establishment certificate (first priority).
  • Trade/professional license (sales tax number, importer's /exporter's code).
  • Sales tax return/VAT return.
  • Business proof (self-attested copy of any one document*)
  • Shop establishment certificate (first priority).
  • Trade/professional license (sales tax number, importer's /exporter's code).
  • Sales tax return/VAT return.
  • Paid telephone bill (landline/postpaid mobile phone). Not older than 90 days from loan application.
  • Paid electricity bill. Not older than 90 days from loan application.
  • Registered or notarized rent deed.
  • Property allotment letter from government/registered societies.
  • Property papers-unregistered sale deed plus GPA.
  • Property registered deed.
  • Latest updated bank passbook/bank statements in borrower's name (subject to bank acct being 6 months and CPV confirms the same address).
  • Property proof (self-attested copy of any one document*)
  • Photocopy of original sale deed
  • Allotment/Possession letter
  • No objection certificate from the society and other documents as per legal report
  • * While the home loan document list given here is comprehensive, we may require additional home loan documents to process your application.
  • Income proof (self-attested copy of any one document*)
Salaried individual:
  • Last two months’ salary slip/salary certificate.
  • Latest year’s ITR with income computation/Form 16. Note: If bonus is considered in eligibility, we will have to take last two years ITR/Form 16.
  • Last six month’s bank statement reflecting salary credits. Note: Cash salary cases not allowed.
  • Repayment track/bank statements proof of track with loan sanction letter/amortization schedule.
Self-employed individual:
  • Income tax return with income computation (as applicable).
  • Balance sheets and P&L accounts with schedules (as applicable).
  • Sales tax return/VAT return for the number of months not covered in the latest financial year.
  • Credit card statement for 6 months (required in case of banking surrogate).
  • Copy of Contract Order and Form 16 A (applicable only if income is from contracts)
  • Bank statements for the last 6 months - from business account of the firm/ company and savings
  • account of the individual borrower and co-borrowers, if income being considered.
  • Repayment track/bank statements proof of track with loan sanction letter/amortization schedule.
  • Photo identity proof (self-attested copy of any one document*)
  • Passport
  • Voters ID
  • Driving license
  • Pan card
  • UID Certificate (Aadhaar card )
  • Address Proof (self-attested copy of any one document* )
  • Ration card
  • Passport
  • Driving License
  • Bank account statement
  • Electricity bill
  • Telephone bill
  • Aadhaar Card
  • Sale deed/ Property purchase agreement (For owned properties)

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Apply for Home
Loan Online

Point of Contact:
  • Apply for a IDFC FIRST Bank Home Loan by filling our online form and we will call you back. You can also visit our branch for the same.
Point of Contact:
  • Apply for a IDFC FIRST Bank Home Loan by filling our online form and we will call you back. You can also visit our branch for the same.
Submit your Documents:
  • You can also apply for a Home Loan by visiting any of our locations to submit your documents or ask our relationship manager to visit you for collecting the documents.
Verification of your application and property:
  • A IDFC FIRST Bank Home Loan representative will contact you to verify your details and schedule a personal discussion with you.
  • After your Home Loan application and property has been verified along with the proper submission of required documents, we will disburse the loan amount to your bank account and you will be closer to owning your dream home

IDFC FIRST Bank provides home loans to a wide variety of customers. In order to check your home loan eligibility, you can use our home loan eligibility calculator. Housing loan eligibility requires that you meet some basic criteria. The home loan eligibility criteria are:

  • Salaried and Self Employed Professionals
  • Sole proprietors and Partnership Firms
  • Minimum age requirement is 23 years at the time of taking the loan and maximum 70 years or retirement at the time of maturity
  • Clear record in terms of past loans and statutory payments.
  • Good credit rating score in credit bureau
  • Minimum 3 years in business with a positive net worth (for Self-employed) or 3 years work experience (for Salaried individuals)
  • Micro, Small and Medium Enterprises
Home Loan Features & Benefits

A Home is one of the biggest purchases in an individual's life. To buy a home without securing a home loan is tough financially for most people. We, at IDFC FIRST Bank, understand the needs of our customers and partner with them so that they can become proud home owners on terms that are fair and simple. With a IDFC FIRST Bank Home Loan, you can buy a flat or a house without having to worry about putting together a huge down payment. Our home loan scheme is suitable for both salaried and self-employed individuals.

Loan Amount
  • Loans offered from Rs 5 Lakhs up to Rs 5 Crores in more than 57 locations across India at competitive interest rates.
Flexible Loan Tenure
  • Maximum loan tenure of 360 months for salaried professionals and maximum 300 months for self-employed.
Pradhan Mantri Awas Yojana
  • Avail interest subsidy benefit up to Rs 2.67 Lakhs under PMAY Credit Linked Subsidy Scheme. We also have various innovative and competitive income and surrogate programs to fit your requirement.
Types of Property Funded
  • Ready property
  • Under Construction
  • Composite Loan (Plot + Construction)
  • Home Extension and Renovation
  • Plot Purchase
  • Self-construction
  • Balance Transfer
  • Top-up and more

Know more

Fees & Charges Check the fees & charges applicable
for different types of accounts
Contact Us Need to get in touch with us,
check the various modes of connecting with us

Frequently Asked Questions

What is a home loan and what can I do with it?

A home loan allows you to purchase the home of your dreams without having to pay for it upfront. Depending on your eligibility, you can secure a loan of as high as 90% of the cost of the property.

How long does it take to get a home loan?

IDFC FIRST Bank Home Finance has made it really simple to get a home loan. Please submit your details online through our website and we will inform you of your eligibility by calling you. Once you submit your documents to our representative, we carry out a verification to cross check your details; our representative may also have a short personal discussion with you. After we have successfully verified your details, the loan can be sanctioned and the money will be deposited in seller / Developers bank account.

Will I need to make a down payment on my home loan?

Yes, you will have to make a down payment on your home loan. 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 of the cost of your future home upfront.

Do I need to go to an IDFC FIRST Bank branch to get a home loan?

No, there is absolutely no need to visit a branch to apply for a home loan. We have made the process simple; you can apply for a home loan through our website. Alternatively, you can also apply for your home loan using our mobile application available for download from the Google Play and Apple App Store. You can submit your application details online and we will inform you of your eligibility by calling you. IDFC FIRST Bank will arrange to have the necessary documents picked up from your residence or office. If you have any questions regarding the home loan application process, please feel free to contact our customer care at 1860-500-9900.

Who can take a home loan from IDFC FIRST Bank?

IDFC FIRST Bank offers home loans to a wide variety of customers from diverse backgrounds. This includes salaried and self-employed professionals, sole proprietors, owners of partnership firms and director of the companies. You should be at least 21 years (salaried) /23 years (self employed) of age at the time of taking the loan and your maximum age should not exceed 60 years or retirement (salaried) / 70 years (self employed). 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 extends home loans to Micro, Small and Medium Enterprises.

I do not have any income document; can I still get a home loan?

Yes, you can get a home loan even if you do not have any income. Our 'No Income' Program allows customers without regular income to avail home loans. Please contact our customer support at 1860-500-9900 for more information on how to access this program.

Do I need a co-applicant to apply for a home loan?

No, you do not need a co-applicant to apply for a home loan. However, if the property for which you are availing a home loan will have co-owner(s), then this or these person(s) must also be co-applicant(s) on your loan application. If you want to be a single applicant, life insurance is compulsory for the applicant.

Do I require a guarantor for home loan?

No, you do not need a guarantor for home loan.

Is it possible for self-employed individuals to get a home loan?

Yes, self-employed individuals can get a home loan. We give home loans to sole proprietors, self-employed individuals, partnership firms and director of the companies. There is a requirement that self-employed individuals should have been in business for 3 years. The minimum age at the time of making the application is 23 years and the maximum 70 years.

Is there any verification carried out to assess my home loan eligibility?

We carry out certain verifications to ascertain the suitability of your application. Our underwriting team will initiate a discussion with you either on telephone or in person to gather some information so that we can process your application. We also carry out an investigation verification at your residence address as per the know your customer (KYC) documents you submit. Your office address will be verified and additional checks may also be carried out in order to complete due diligence on your application.

Do I have to pay any fee for getting a home loan?

Yes, there is a processing fee applicable on your home loan. The processing fee will vary according to the amount of the home loan you have applied for. As an example, the initial processing fee charged is Rs. 3,000 for home loan up to Rs. 15 lakh and Rs. 5,000 for loan amount exceeding Rs. 15 lakh. Applicable GST will also be levied on the processing fee amounts.

Is the home loan from IDFC FIRST Bank fixed or floating?

We offer a fixed & floating home loan to our customers. If you have any questions about interest rates on home loans, please feel free to call us at 1860-500-9900 and we will provide you the necessary information. Please use our home loan EMI calculator, which will help you ascertain the cost of the loan, your EMI amount and other parameters.

Are there any advantages of taking a home loan from IDFC FIRST Bank?

There are several advantages in getting a home loan from IDFC FIRST Bank some of which are:

  • You can submit your details online and we will notify you about your eligibility by phone.
  • IDFC FIRST Bank finances up to 90% of the cost of your home loan, which means you need to make a lower amount of down payment.
  • Home loans are available for a wide range of applicants from salaried to self-employed individuals.
  • Long tenure loans are available (up to 30 years)
  • Loans for Ready property, Under Construction, Composite Loan (Plot + Construction), Home Extension and Renovation, Plot Purchase, Self-construction, Balance Transfer, Top-up and more.
  • Catering to customers and profiles which are not often funded by Banks.
  • Various surrogate programs to arrive at eligibility to cater to higher loan amount requirements

What facilities will I get if I take a home loan from IDFC FIRST Bank?

We are ready to serve your needs as a home loan customer and provide you with the most convenient and easy way to secure home finance. You can submit your application details through our website or our mobile app which can be downloaded from Google Play or Apple App store. We will inform you about your eligibility by calling you. Repayment of your home loan can be made easily as we provide two means of repayment - through Electronic Clearing Service (ECS) or through Post Dated Cheques (PDCs) in non-ECS locations. With the advent of National Automated Clearing House (NACH) monitoring and regulation, EMI repayments have become easy through the ECS route due to management of National Payments Corporation of India (NPCI).

What is the maximum loan amount I can get?

You can get up to 90% of the value of the property depending on your eligibility. The maximum loan amount we offer is Rs. 5 crore. If you have any questions regarding the home loan amount, please feel free to contact us at 1860-500-9900 and we will be glad to assist you.

What documents are required to get a home loan from IDFC FIRST Bank?

In order for us to process your application, we require a number of documents. Some documents must be mandatorily provided as per the National Housing Bank (NHB) guidelines.
Documents required for Home Loan are:

  • Identity proof
  • Address proof
  • Income proof
  • Proof of educational qualifications (where applicable)
  • Age proof
  • Employment details
  • Bank statements
  • Details about the property in case you have finalized it before hand
  • Any other obligation documentation (SOA, Sanction Letters, etc.)

What checks do you conduct on documentation?

IDFC FIRST Bank does a thorough scrutiny of the documentation that you submit. Here are some of the checks that your documentation is subjected to: Legal checks: We verify your documents according to the law. The documents you submit for mortgage should be legally valid. Technical Check: We check if property approvals are in place for construction of the property. All regulatory norms with regard to NA Lands, CRZ Norms, B-Khata rules, etc. depending on the location of property are checked along with the structural integrity, life and maintenance of structure erected. Only properties that clear the checks can be considered fit for a justified mortgage for the entire tenure of the loan.

Do different types of properties under go different documentation checks?

Yes, different types of properties require different documentation checks. Under-construction property: We will check the approved plans, CC, IOD, NA and other construction related documents. We can utilise the services of third party representatives for this purpose and to verify if construction is being carried out in tandem with the documents submitted. Ready purchase/Resale property: Occupancy Certificate (OC), BCC, etc. are checked in conjunction with other documents by specialised third party representatives. Structural integrity of the property is also checked.

What is the home loan sanctioning process?

After we have received your application, there are home loan sanctioning and disbursement processes that we follow. Certain requirements need to be fulfilled before these two processes are initiated, which are given in the order below:

  • Application Form filling
  • Processing Fees payment
  • Documents Requirement (at both login and post-sanction-pre disbursement stages)
  • Personal Discussion (for assessment and gauging requirement and repayment by Underwriting Officer)
  • Investigation verification (mandatory verifications instituted to ensure validation of documents provided)
  • Sanctioning of Loan
  • Legal / Property Assessment
  • Disbursement of Loan

How will my EMI be calculated?

Your EMI consists of two components, the principal amount and the interest rate charged on the principal. The factors that determine the EMI are the amount you borrow, the rate of interest applied and the loan tenure. EMIs can vary if the interest rate changes. You can reduce your EMI amount by paying back more than you are required to; this is called a partial prepayment.

Can I pre-pay my loan?

Yes, you can make a pre-payment to your loan; this will help reduce your EMI amount or tenure. If you have opted for the ECS method of repayment, in the subsequent month to repayment, your EMI or tenure will reduce. In case you have given PDCs, you will need to submit fresh cheques. No extra charges are applicable for individuals and floating rate borrowers who choose to make a pre-payment. If you have any questions regarding prepayment, please feel free to contact us at 1860-500-9900 and we will provide you with the necessary information.

What is a provisional certificate and can I obtain one?

A provisional interest certificate provides principal as well as the interest breakup for scheduled EMIs for the financial year (April to March). You can use this certificate to obtain income tax rebates under Section 80C as well as Section 24 of the Income Tax Act. You can obtain this certificate through our website with the details provided to you after your loan has been disbursed. Please note that the provisional interest certificate is calculated based on outstanding principal balances, rate of interest and your current EMI; if any changes occur during the financial year, the figures on the certificate may change and as such, you should obtain the latest provisional interest certificate before submitting it.

What is pre-EMI interest?

Commencing from the date of each disbursement, pre-EMI interest is the interest that you need to pay on the amount that you have borrowed from IDFC FIRST Bank. This amount is calculated on a pro-rata basis till payment of the first EMI.

What is the EMI date offered by IDFC FIRST Bank?

The EMI date is the 2nd, 5th or 10th of every month. Please note that there is no alternative EMI date available.

Does a rate change impact loan amortization schedule?

If you choose a floating rate home loan the change is affected in tenor. Only upon customer request, EMI amount is changed.

How often do interest rates change?

MCLR of the Bank is announced on a monthly basis. EBR will change as and when RBI changes the Repo Rate.

Can I cancel my application after my loan has been approved?

Yes, you can cancel your application after your loan has been approved. However, we would deeply regret the loss of your patronage. Please call us at 1860-500-9900 and we will help you with processing your cancellation request.

What is External Benchmark based lending?

The Reserve Bank of India (RBI) vide its circular no DBR.DIR.BC.No.14/13.03.00/2019-20 on “External Benchmark Based Lending” dated September 04, 2019 has advised to link all new floating rate personal or retail loans (housing, auto, etc.) and floating rate loans to Micro, Small and Medium Enterprises extended by banks with effect from October 01, 2019 to external benchmark. IDFC FIRST Bank has adopted Repo rate as the external Benchmark lending rate with effect from October 01, 2019.

What will be implications of REPO RATE for Customers?

New customer at REPO RATE: - All new floating rate loans and credit limits renewed with effect from October 01, 2019 will be linked to Repo rate. Existing customer at MRR/BPLR/Base rate/MCLR: - Existing loans and credit limits linked to MRR/BPLR/Base rate/MCLR shall continue till repayment or renewal, as the case may be. Only if existing customers approach us and give request for switching from MRR/BPLR/Base rate/MCLR to REPO RATE then only it will be changed. Once transitioned to REPO RATE, the customer can’t switch back to the old benchmark rates.

How will be my loan priced? Or how my loan effective ROI will get calculated?

All loans will be linked to REPO RATE. The rate offered to you shall be the REPO RATE plus spread. It may be noted that the Repo rate would be reset every three months. Further, the Bank is free to decide the spread over the Repo Rate. The spread may undergo a change during the tenure of the loan.

Will REPO RATE be same for entire year or it will get changed?

For all loans linked to Repo rate, the reset frequency would be three months.

Do I have option to move from existing MRR/BPLR/Base rate/MCLR to REPO RATE? Are there any charges applicable?

Yes, for all floating rate loans, if customer is on MRR/BPLR/Base rate/MCLR, customer can give request to move to REPO RATE. Hence, the benchmark rate and spread shall undergo a change. Bank shall charge administrative fee of 0.50% of the POS or Rs.20,000/- whichever is lower

In case of reset of REPO RATE, if the rate increase or decreases, how will it impact my loan EMI /Tenure?

The Repo Rate would be reset every three months. The impact would be given on loan tenure first, however if maximum tenure has already been availed then the EMI would have to be modified.

I. Impact on Tenor
Suppose, if the maximum permissible tenor for HL is 35 years and existing borrowing of Mr. A has a tenor of 25 years, the bank would elongate the tenor either to maximum permissible year I.e. 35 years in this example or such mutually acceptable term depending on risk profile or any other parameters on case to case basis, so that his existing EMI continues to be the same.

II. Impact on EMI
If at the time of original sanction itself, customer has already availed the borrowing for the maximum tenor permitted by the bank and there is no further room for extension of tenor, in such case EMI would be impacted to the extent of rate change or to give effect to the rate change.

Do I have option to move from REPO RATE to Base Rate/BPLR/MRR/MCLR)?

No, there is no option to move back from REPO RATE to Base rate/BPLR/MRR/MCLR.

If I continue the existing base rate/MCLR. Is there a possibility of Base rate/MCLR change?

Yes, Base rate/MCLR will be reviewed by the Bank from time to time and it may or may not change.

What is Pradhan Mantri Awas Yojana (PMAY)?

Pradhan Mantri Awas Yojana (Urban) for ensuring housing for all in urban areas was launched on 25th June 2015 providing pucca houses to all eligible beneficiaries by 2022

What is the subsidy amount in various categories of Credit Linked Subsidy Scheme (CLSS) - PMAY?

Interest Subsidy up to 2.67 lakh per house is admissible for Beneficiaries of Economically Weaker Section (EWS)/Low Income Group (LIG), Interest Subsidy up to 2.35 lakh to Middle Income Group (MIG)-I and Interest Subsidy up to 2.30 lakh to Middle Income Group (MIG)-II seeking housing loans from Bank.

Who can avail Pradhan Mantri Awas Yojana Credit Linked Subsidy Scheme?

For EWS/LIG - Husband, Wife and unmarried children constitute household/Beneficiary Family
For MIG - Husband, wife and unmarried children
An adult earning member (irrespective of its marital status be considered as separate household)

What are the criteria for EWS LIG MIG categories for the purpose of the scheme?

The income norms for various Household categories are defined as under:

  • EWS households/individuals with an annual income up to Rs. 3.00 lakh
  • LIG households/individuals with an annual income more than Rs. 3.01 lakh and up to Rs. 6.00 lakh
  • MIG I households/individuals with an annual income more than Rs.6.01 lakh and up to Rs. 12.00 lakh
  • MIG II households/individuals with an annual income more than Rs12.01 lakh to Rs.18.00 lakh

What are the documents required to apply for the PMAY subsidy scheme?

Apart from Income and Property related documents required for Home Loan. Additional documents are:

  1. Aadhaar card of all applicants and their spouse
  2. PMAY declaration form and Aadhar consent Form duly filled

What is the processing fee to avail the PMAY CLSS scheme?

IDFC First Bank does not charge any additional processing fee for availing the scheme by eligible customers

How will I receive the interest subsidy benefit under Pradhan Mantri Awas Yojana?

IDFC First Bank will claim the subsidy benefit for eligible borrowers from NHB (National Housing Bank) post disbursement of the loan.
For all eligible borrowers, the subsidy amount would be paid to IDFC First Bank.
Once IDFC First Bank receives the interest subsidy, it will be credited upfront to the loan account and EMI will be readjusted. Customer would be updated by a SMS when the subsidy claim is submitted to NHB and once the account is adjusted post receiving the subsidy from NHB

My Wife already owns pucca house and now I want to buy property on my individual name, can I qualify for CLSS scheme under PMAY?

No, household cannot take the benefit under CLSS as spouse in beneficiary family/household already owns one property.

Can I apply for CLSS scheme under PMAY if any of the applicant does not have Aadhaar card?

No, it is mandatorily required to provide the Aadhaar card details of all the applicants in the beneficiary family.

I have a question that is not listed here; what do I do?

We will be glad to help you with any questions regarding the IDFC FIRST Bank home loan. Please feel free to contact our customer representative at 1860-500-9900. If you have a more pressing matter to discuss, feel free to visit any of our branches and speak to our customer representatives.



Contact us



KRM Tower, 7th Floor, No. 1,
Harrington Road, Chetpet,
Chennai - 600031, Tamil Nadu,

Corporate office:


Naman Chambers,
C-32, G-Block,
Bandra-Kurla Complex,
Bandra East, Mumbai - 400051,

IDFC FIRST Bank Customers

Toll Free No - 1800 419 4332
Email - Banker@idfcfirstbank.com

Capital First Customers

Toll Free No - 1860 500 9900
Email - Customer.Care@Capitalfirst.Com


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