20 Lakh IDFC First Bank Home Loan

The IDFC First Bank’s 20 lakh home loan is a remarkable credit option. The loan is recognised for its attractive interest rates, lower processing fees, personalised repayment plans, and quick fund disbursement. Moreover, it features moderate eligibility criteria, minimal documentation, and a simple online application, ensuring a stress-free application process. To further assist you in making an informed decision, we provide a detailed overview of 20 lakh home loan EMI in IDFC First Bank across varying tenures, such as 5, 10, 15, 20, 25, and 30 years. We will also cover the details, such as the applicable interest rates, associated fees, typical loan-to-value ratio, and other pertinent information. Keep scrolling down to learn more.

20 Lakh Home Loan IDFC First Bank – Highlights

Have a close look at the IDFC First Bank’s home loan interest rate for 20 lakh and other key parameters:

20 Lakh Home Loan EMI for 5 Years IDFC First Bank 

Let’s examine the 20 lakh home loan EMI in IDFC First Bank with a tenure of 5 years:

20 Lakh Home Loan EMI for 10 Years IDFC First Bank

Have a close look at the 20 lakh home loan EMI for 10 years with the IDFC First Bank:

20 Lakh Home Loan EMI for 15 Years IDFC First Bank

Following is the IDFC First Bank’s home loan for 20 lahks EMI with a tenure of 15 years:

20 Lakh Home Loan EMI for 20 Years IDFC First Bank

Below is the 20 lakh home loan EMI for 20 years with the IDFC First Bank:

20 Lakh Home Loan EMI for 25 Years IDFC First Bank 

The 20 lakh home loan EMI in IDFC First Bank for a tenure of 25 years is as follows:

20 Lakh IDFC First Bank Home Loan – Fees and Charges 

Besides the IDFC First Bank’s home loan interest rate of 20 lakhs, there are certain fees and charges you must review:

20 Lakh IDFC First Bank Home Loan – Documents Required

Following are the expected documents for the IDFC First Bank’s 20 lakh home loan:

• KYC Documents: PAN card, Aadhaar card, Voter ID, Passport, or Driving License.
• Residential Documents: Utility bill, Aadhaar card, Driving License, Passport, or rental agreement. 
• Salary Documents: Last 2-month salary slip, 1-year ITR/Form 16, and 6-month bank statement.
• Business Documents: Last 1-year ITR, balance sheet, profit & lost statement, GST return, 6-month bank statements, etc.
• Property Documents: Sale Deed, NOC from the society, Allotment/Possession letter, etc.

20 Lakh IDFC First Bank Home Loan – Eligibility Criteria 

Below are the expected 20 lakh home loan eligibility in IDFC First Bank:

• Employment Status: Applicants must be either salaried or self-employed individuals.
• Age Limit: Salaried employees must be between 21 and 60 years old, while self-employed individuals should be between 23 and 70.
• Work Experience: Salaried employees need at least 3 years of experience, while self-employed individuals require 4 years of business continuity.
• Income Criteria: Salaried employees must have a minimum annual salary of ₹1 lakh, while self-employed individuals should earn at least ₹1.5 lakhs per annum.
• Nationality: Salaried employees can be Resident or Non-Resident Indians, while self-employed individuals must be Indian residents.