IDFC First Bank Home Loan Features & Benefits

Everyone dreams of owning a home and with IDFC First  Bank, taking a home loan has become convenient. The bank offers a home loan varying from Rs. 1 lakh to 5 Cr. at an interest rate starting from 6.90%. Also, the tenure for IDFC First Bank Home Loan varies from 12 months to 360 months.

1. Loan Amount: IDFC First Bank offers a home loan amount of up to Rs. 5 crores for purchase/construction/renovation of a house or a flat

2. Affordable Interest Rate: With an interest rate starting at 6.90%, the home loan offered by IDFC First Bank is affordable to all

3. Prepayment/Foreclosure Charges: You can prepay/foreclose your IDFC First Bank home loan without paying any prepayment charge if the interest rate is floating. And you will have to pay a minimal charge in case the interest rate is fixed

4. Processing Fees: A processing fee of up to 3% of the loan amount is charged when you avail of IDFC First Bank Home Loan

5. Digital Application Process: Without any inconvenience, you can apply for IDFC First Bank Home Loan from the comfort of your home

6. Flexible Tenure: The flexible tenure offered by IDFC First Bank on a home loan goes up to 30 years

7. Balance Transfer Facility: IDFC First Bank offers a Fastrack balance transfer facility that allows all the home loan borrowers to transfer their existing home loan to IDFC First Bank at a lower interest rate