3 Crore IDFC First Bank Home Loan

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A Home Loan is the biggest financial commitment most of us will make. This is particularly pivotal for a substantial amount like 3 crore rupees. It is also advisable to determine your 3 crore home loan EMI from the IDFC First Bank before finalising your decision. Thus, you can clearly understand how much you must pay back each month to the bank and how much goes to interest. This ultimately helps you to make a more informed decision, avoiding unnecessary financial hardship in the future. Hereunder, we present a detailed overview of IDFC First Bank’s housing loan EMI for 3 crores rupees, including the applicable interest rates, eligibility, documentation, and associated fees. Let’s dive in.

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Table of Content

1. 3 Crore Home Loan IDFC First Bank Highlights

2. 3 Crore Home Loan EMI for 5 Years IDFC First Bank

3. 3 Crore Home Loan EMI for 10 Years IDFC First Bank

4. 3 Crore Home Loan EMI for 15 Years IDFC First Bank

5. 3 Crore Home Loan EMI for 20 Years IDFC First Bank

6. 3 Crore Home Loan EMI for 25 Years IDFC First Bank

7. 3 Crore IDFC First Bank Home Loan Fees and Charges

8. 3 Crore IDFC First Bank Home Loan Documents Required

9. 3 Crore IDFC First Bank Home Loan Eligibility Criteria

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Rishabh Baisoy

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Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

3 Crore Home Loan IDFC First Bank – Highlights

The IDFC First Bank’s home loan interest rate for 3 crores and other key parameters are given below:

Interest Rates	8.85% per annum onwards
Loan-to-Value (LTV) Ratio	75% of the property value
Loan Tenure	Up to 30 years
Eligibility	Both salaried and self-employed individuals are eligible

3 Crore Home Loan EMI for 5 Years IDFC First Bank

Let’s examine the 3 crore home loan EMI in IDFC First Bank with a tenure of 5 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹3 Crores	8.85% p.a.	5 years	₹6,20,569	₹72,34,140	₹3,72,34,140

3 Crore Home Loan EMI for 10 Years IDFC First Bank

Have a close look at the 3 crore home loan EMI for 10 years from the IDFC First Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹3 Crores	8.85% p.a.	10 years	₹3,77,596	₹1,53,11,520	₹4,53,11,520

3 Crore Home Loan EMI for 15 Years IDFC First Bank

Let’s understand the EMI for the IDFC First Bank’s home loan for 3 crore with a tenure of 15 years is given below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹3 Crores	8.85% p.a.	15 years	₹3,01,609	₹2,42,89,620	₹5,42,89,620

3 Crore Home Loan EMI for 20 Years IDFC First Bank

Below is the 3 crore home loan EMI for 20 years from the IDFC First Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹3 Crores	8.85% p.a.	20 years	₹2,67,030	₹3,40,87,200	₹6,40,87,200

3 Crore Home Loan EMI for 25 Years IDFC First Bank

The 3 crore home loan EMI in IDFC First Bank for a tenure of 25 years is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹3 Crores	8.85% p.a.	25 years	₹2,48,685	₹4,46,05,500	₹7,46,05,500

3 Crore IDFC First Bank Home Loan – Fees and Charges

Besides the IDFC First Bank’s home loan interest rate of 3 crore, the following are certain fees and charges you must know:

Fee/Charge	Amount
Processing Charges	Up to 3% of the loan amount
Prepayment Fees	Nil
Late Payment penalty	2% per month on the default EMI
Stamp Duty & Other Statutory Charges	As per the state law

3 Crore IDFC First Bank Home Loan – Documents Required

Have a close look at the applicable documents for the IDFC First Bank’s 3 crore 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	2-month salary slip, 1-year ITR or Form 16, and 6-month bank statement
Business Documents	1-year ITR, balance sheet or P&L statement, GST return, 6-month bank statements or CC statements, etc.
Property Documents	Sale Deed, NOC from the society, Allotment/Possession letter, and other documents as per legal report.

3 Crore IDFC First Bank Home Loan – Eligibility Criteria

The 3 crore home loan eligibility in IDFC First Bank is as follows:

Criteria	Salaries Employed	Self Employed
Age Requirement	21 – 60 years old	23 – 70 years old
Residential Criteria	Resident & Non-Resident Indians	Resident of Indians only
Work Experience	3 years	4 years
Income Limit	1 LPA	1.5 LPA

Frequently Asked Questions (FAQs)

What is the EMI for a 3 crore home loan for 20 years in IDFC First Bank?

₹2,67,030 is the estimated EMI for a 3 crore home loan over 20 years at IDFC First Bank, subject to an annual interest rate of 8.85%.

Who is eligible for a 3 crore home loan in IDFC First Bank?

You must be either a salaried or self-employed individual to be eligible for a 3 crore home loan at IDFC First Bank.

What is the monthly interest rate of a 3 crore home loan in IDFC First Bank?

The monthly interest rate for a 3 crore home loan in IDFC First Bank starts at 0.74%.

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