50 Lakh IDFC First Bank Home Loan

Owning a home is now easier than ever. The IDFC First Bank enables applicants to apply for a 50 lakhs home loan online, eliminating the need to visit front-and-forth bank visits or tedious physical documentation. The bank further ensures eligible applicants can expect competitive interest rates, flexible repayment plans, transparent processes, and fast loan approval.

However, it is important to calculate the required 50 lakhs home loan EMI from the IDFC First Bank before you initiate your loan application, empowering you to make a more informed decision. To make your homeownership aspiration as soon as possible, Urban Money presents a detailed overview of the IDFC First Bank’s 50 lakh home loan.

50 Lakh Home Loan IDFC First Bank – Highlights

Take a detailed look at IDFC First Bank’s competitive home loan interest rate for ₹50 lakhs, along with other essential parameters that could shape your decision.

50 Lakh Home Loan EMI for 5 Years IDFC First Bank 

Examine how the EMI for a ₹50 lakh home loan is structured for a 5-year tenure with IDFC First Bank.

50 Lakh Home Loan EMI for 10 Years IDFC First Bank

Take a detailed look at the EMI for a ₹50 lakh home loan with a 10-year tenure from IDFC First Bank.

50 Lakh Home Loan EMI for 15 Years IDFC First Bank

Below are the details of the ₹50 lakh home loan EMI from IDFC First Bank, calculated for a tenure of 15 years to help you understand the repayment structure.

50 Lakh Home Loan EMI for 20 Years IDFC First Bank

Find out the monthly repayment amount for a ₹50 lakh home loan from IDFC First Bank, calculated over a 20-year tenure for your convenience.

50 Lakh Home Loan EMI for 25 Years IDFC First Bank 

Detailed below is the ₹50 lakh home loan EMI plan from IDFC First Bank for a 25-year repayment tenure, designed to suit diverse financial needs.

50 Lakh IDFC First Bank Home Loan – Fees and Charges 

In addition to IDFC First Bank’s home loan interest rate for ₹50 lakhs, there are several fees and charges to consider. The processing charges can be up to 3% of the loan amount, while there are no prepayment fees, allowing you to repay the loan early without additional costs. However, a late payment penalty of 2% per month is applicable on the defaulted EMI. Additionally, stamp duty and other statutory charges will be levied as per the respective state laws.

50 Lakh IDFC First Bank Home Loan – Documents Required

Following are the expected documents for the IDFC First Bank’s 50 lakh home loan:

• Proof of Identity: PAN card, Aadhaar card, Election ID, Passport, or Driving License.
• Proof of Address: Utility bill, Aadhaar card, Driving License, Passport, or rental agreement. 
• Proof of Salary: Pay slip for the past 2 months, ITR or Form 16 for the last 1 year, and bank statement for the last 6 months. 
• 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.

50 Lakh IDFC First Bank Home Loan – Eligibility Criteria 

Below are the expected 50 lakhs home loan eligibility in IDFC First Bank: