If you are an Indian, it is quite a normal aspiration to own a home during your lifetime. It is one thing to aspire for something and another thing to actually go out and achieve it. Fortunately, for Indians such as you with a steady job providing a stable income or a business profile with a steady income stream you can avail home loans from lenders such as IDFC FIRST Bank quite easily by satisfying the liberal eligibility conditions prescribed by the bank.
The bank seeks full disclosure from you in the form of KYC documents and income proof to satisfy itself that you can repay the loan. Further, the bank offers home loans based on certain criteria that include among other things the following
You can check the product features here.
You can avail IDFC FIRST Bank home loan from among the four categories as follows
You can choose the most appropriate type of loan from the above four options. You can get more details here.
You can check your eligibility by using the home loan calculators provided by IDFC FIRST Bank. With the home loan eligibility check calculators, you can assess various parameters of your proposed home loan such as loan amount based on your income, tenure, interest rate and EMIs for those loan parameters. The calculators help you to check home loan eligibility for self-employed and salaried borrowers separately.
The main features of the home loan include
Besides, the above IDFC Home loans provide some unique features which include
The IDFC Home loan product seeks standard documentation such as
The IDFC Home loan comes with attractive floating interest rates. The bank follows the 6-month MCLR benchmark + spread of IDFC FIRST Bank – the current benchmark rate is 8.7%; the benchmark could change every six months. The spread depends on the desired category of home loan. For instance, under Short and Sweet Home Loan category the home loan interest rates are
IDFC Home Loans come with attractive home loan solutions that help borrowers to acquire a home of their choice. The bank supports the home buying process through quality inputs sourced from the bank’s immense experience in extending home loans to millions of customers. The support comprises
Availing a home loan from IDFC FIRST Bank is effortless as the bank looks at the interest of home buyers and creates home loan products that suit the varied requirements of discerning home buyers.
KRM Tower, 7th Floor, No. 1,
Harrington Road, Chetpet,
Chennai - 600031, Tamil Nadu,
Bandra East, Mumbai - 400051,