70 Lakh IDFC First Bank Home Loan

A home is a smart investment that grows in value and provides long-term security. IDFC FIRST Bank recognises the importance of this and offers a ₹70 lakh home loan to make owning a home easier. With competitive interest rates, flexible repayment options, and a simple application process, the bank helps make your home investment manageable. Whether you're buying your first home or looking to upgrade, IDFC FIRST Bank is here to help make your dream of homeownership a reality.

70 Lakh Home Loan IDFC First Bank – Highlights

Below is a table showcasing the highlights of a ₹70 lakh home loan from IDFC FIRST Bank:

70 Lakh Home Loan EMI For 5 Years IDFC First Bank

Here are the main details for a ₹70 lakh home loan from IDFC FIRST Bank with a 5-year tenure:

70 Lakh Home Loan EMI For 10 Years IDFC First Bank

Below are the details for a ₹70 lakh home loan from IDFC FIRST Bank with a 10-year tenure:

70 Lakh Home Loan EMI For 15 Years IDFC First Bank

Key details for a ₹70 lakh home loan from IDFC FIRST Bank with a 15-year tenure:

70 Lakh Home Loan EMI For 20 Years IDFC First Bank

Given below are the EMI details for a ₹70 lakh home loan from IDFC FIRST Bank:  

70 Lakh Home Loan EMI For 25 Years IDFC First Bank

Here’s a summary of ₹70 lakh home loan EMI from IDFC FIRST Bank over a 25-year period:

70 Lakh IDFC First Bank Home Loan – Fees And Charges

For a ₹70 lakh home loan from IDFC FIRST Bank, the associated fees and charges generally include:

• Processing Fee: Typically ranges from 0.5% to 1% of the loan amount.
• Prepayment Penalty: No charges for prepayment on floating rate loans.
• Late Payment Penalty: Applicable for any delayed EMI payments.
• Legal and Technical Fees: Costs for legal and technical property verification.
• Documentation Fee: A small charge for processing the necessary paperwork.
• Stamp Duty and Registration: Costs are determined by state regulations and are the borrower’s responsibility.

70 Lakh IDFC First Bank Home Loan – Documents Required

For a ₹70 lakh home loan from IDFC FIRST Bank, the required documents include:

• Identity Proof: Aadhar Card, Passport, PAN Card, or Voter ID.
• Address Proof: Utility bills, Aadhar Card, Passport, or Rent Agreement.
• Income Proof: Salary slips for the last 3 months, IT returns, or bank statements.
• Employment Proof: Employment certificate or offer letter for salaried individuals; business proof for self-employed.
• Property Documents: Sale agreement, property title deeds, and NOC from the builder or society.
• Bank Statements: Bank statements for the last 6 months.
• Photographs: Recent passport-sized photographs.
• Loan Application Form: Duly filled and signed.

70 Lakh IDFC First Bank Home Loan – Eligibility Criteria

To be eligible for a ₹70 lakh home loan from IDFC FIRST Bank:

• Age: 21-65 years at loan maturity.
• Employment: Available to salaried employees with 2-3 years of experience or self-employed employees with 3-5 years of business continuity.
• Income: Stable and sufficient income to cover EMIs.
• Credit Score: 700+ preferred for better approval chances.
• Property: Must meet the bank’s legal and technical standards.
• Existing Liabilities: A manageable debt-to-income ratio is required.
• Down Payment: 20-25% of the property value.
• Co-applicants: Adding a co-applicant can enhance eligibility.