4 Crore IDFC First Bank Home Loan

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Most people don’t have enough money to cover the full payment of their home purchases. In such cases, you can rely on the IDFC First Bank’s home loan, which offers funds up to 4 crore rupees or even more based on your financial profile. You can have a timeline of 30 years to repay the fund. Nevertheless, there are certain things you must be aware of before initiating your loan application. These may include the expected 4 crore home loan EMI IDFC First Bank, applicable interest rates, eligibility criteria, required documents, and associated fees. This ultimately helps you make a well-informed decision and plan your budget respectively. Let’s scroll down to learn more.

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Table of Content

1. 4 Crore Home Loan IDFC First Bank Highlights

2. 4 Crore Home Loan EMI for 5 Years IDFC First Bank

3. 4 Crore Home Loan EMI for 10 Years IDFC First Bank

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

5. 4 Crore Home Loan EMI for 20 Years IDFC First Bank

6. 4 Crore Home Loan EMI for 25 Years IDFC First Bank

7. 4 Crore IDFC First Bank Home Loan Fees and Charges

8. 4 Crore IDFC First Bank Home Loan Documents Required

9. 4 Crore IDFC First Bank Home Loan Eligibility Criteria

Written By

Hepson Franklin

Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.

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.

4 Crore Home Loan IDFC First Bank – Highlights

Here are the IDFC First Bank’s home loan interest rates for 4 crores and other key features:

Interest Rates	8.85% per annum onwards
Loan-to-Value (LTV) Ratio	75% of the property price
Loan Tenure	1 to 30 years
Eligibility	Salaried and self-employed individuals

4 Crore Home Loan EMI for 5 Years IDFC First Bank

Here is the 4 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
₹4 Crores	8.85% p.a.	5 years	₹8,27,425	₹96,45,500	₹4,96,45,500

4 Crore Home Loan EMI for 10 Years IDFC First Bank

Following is the 4 crore home loan EMI for 10 years from IDFC First Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹4 Crores	8.85% p.a.	10 years	₹5,03,462	₹2,04,15,440	₹6,04,15,440

4 Crore Home Loan EMI for 15 Years IDFC First Bank

Let’s examine the IDFC First Bank’s home loan of 4 crores EMI amount for a tenure of 15 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹4 Crores	8.85% p.a.	15 years	₹4,02,145	₹3,23,86,100	₹7,23,86,100

4 Crore Home Loan EMI for 20 Years IDFC First Bank

Here is the 4 crore home loan EMI for 20 years in the IDFC First Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹4 Crores	8.85% p.a.	20 years	₹3,56,041	₹4,54,49,840	₹8,54,49,840

4 Crore Home Loan EMI for 25 Years IDFC First Bank

The table below details the 4 crore home loan EMI in IDFC First Bank with a tenure of 25 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹4 Crores	8.85% p.a.	25 years	₹3,31,579	₹5,94,73,700	₹9,94,73,700

4 Crore IDFC First Bank Home Loan – Fees and Charges

Below are the fees and charges in addition to the IDFC First Bank’s home loan interest rate of 4 crore:

Fee/Charge	Amount
Processing Fee	Up to 3% of the loan amount
Prepayment Charges	Nil
Penal Interest	2% p.m. on the late payment amount
Stamp Duty & Other Statutory Charges	At actual

4 Crore IDFC First Bank Home Loan – Documents Required

Here are the required documents for the IDFC First Bank’s 4 crore home loan:

Proof of Identity: PAN card, Aadhaar card, Voter ID, Passport, or Driving License.
Proof of Address: Utility bill, Aadhaar card, Driving License, Passport, or rental agreement.
Proof of Salary: Past 2-month salary slip, 1-year ITR or Form 16, and 6-month bank statement.
Proof of Business: Last year’s ITR, balance sheet or P&L statement, GST return, 6-month bank statements, etc.
Proof of Property: Sale Deed, NOC from the society, Allotment/Possession letter, and other documents as per legal report.

4 Crore IDFC First Bank Home Loan – Eligibility Criteria

The 4 crore home loan eligibility in IDFC First Bank is given below:

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

Frequently Asked Questions (FAQs)

What is the EMI for a 4 crore home loan for 20 years in IDFC First Bank?

The expected EMI for a ₹4 crore home loan over 20 years at IDFC First Bank, with an annual interest rate of 8.85%, is ₹3,56,041.

Who is eligible for a 4 crore home loan in IDFC First Bank?

Both salaried and self-employed individuals are eligible for a 4 crore home loan at IDFC First Bank.

What is the monthly interest rate of a 4 crore home loan in IDFC First Bank?

The monthly interest rate for a 4 crore home loan in IDFC First Bank starts at 0.74%.

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