15 Lakh IDFC First Bank Home Loan

Continue your journey toward home ownership with the IDFC First Bank home loan of ₹15 lakh, offering attractive features and benefits. The interest rates are highly competitive, starting at just 8.85% annually. Home loan applicants have the flexibility to repay the loan over a tenure of up to 30 years, making it easier to manage finances. If an individual has any remaining balance from a previous home loan, they can transfer the balance to an IDFC First Bank home loan at a lower interest rate. The loan can be used for purchasing a property, a plot, or for home improvements. Continue reading to learn more about the IDFC First Bank housing loan.

15 Lakh IDFC First Bank Home Loan – Highlights

The key highlights of the 15 lakh IDFC First Bank home loan are mentioned in the table below:

15 Lakh IDFC First Bank Home Loan – 5 Years EMI

If a 15 lakh IDFC First Bank home loan is availed for a tenure of 5 years and at an interest rate of 9.60% per annum, the applicable EMI will be:

15 Lakh IDFC First Bank Home Loan – 10 Years EMI

If you take a ₹15 lakh home loan from IDFC FIRST Bank with a 10-year term at an annual interest rate of 9.60%, the corresponding EMI is detailed below:

15 Lakh IDFC First Bank Home Loan – 15 Years EMI

For a ₹15 lakh IDFC FIRST Bank home loan over 15 years at 9.60% interest per annum, the table below shows the calculated EMI.

15 Lakh IDFC First Bank Home Loan – 20 Years EMI

A 20-year home loan of ₹15 lakh from IDFC FIRST Bank at a 9.60% annual interest rate results in the EMI outlined below:

15 Lakh IDFC First Bank Home Loan – 25 Years EMI

With a ₹15 lakh home loan from IDFC FIRST Bank at 9.60% interest per annum over 25 years, the applicable EMI is as follows:

Fees & Charges – 15 Lakh IDFC First Bank Home Loan

Look at the table below to know the fees & charges on a 15 lakh IDFC First Bank home loan:

Documents Required for a 15 Lakh IDFC First Bank Home Loan

Following are the documents required for a 15 lakh IDFC First Bank home loan:

• Proof of Identity: Any valid government-issued ID.
• Proof of Address: A document confirming your current residential address.
• Proof of Income For Salaried: Recent 2 months’ salary slips, latest ITR or Form 16, and last 6 months’ bank statements.
• Proof of Income For Self-employed: Latest ITR, balance sheet or profit & loss statement, GST returns, and recent bank or credit card statements.
• Property Documents: Photocopy of the sale deed, chain of title documents (if applicable), allotment/possession letter, and a no objection certificate from the society.

15 Lakh IDFC First Bank Home Loan – Eligibility Criteria

The table below mentions the eligibility criteria for salaried & self-employed individuals who want to avail of a 15 lakh IDFC First Bank home loan: