75 Lakh IDFC First Bank Home Loan

Dreaming of a home that’s more than just four walls? IDFC First Bank’s ₹75 Lakh Home Loan is your golden ticket to turning your dream into a reality. The bank is here to make the process of becoming a homeowner as easy as possible with affordable rates, less paperwork, and a simple application process. Regardless of your preference for a spacious house or a villa, this loan is ready to meet your specific needs. So, why do you hesitate? With this loan, construct your ideal house!

₹75 Lakh Home Loan IDFC First Bank – Highlights

Here are IDFC First Bank’s home loan interest rates for ₹75 Lakh, along with highlights:

₹75 Lakh Home Loan EMI for 5 Years IDFC First Bank 

IDFC First Bank’s housing loan EMI for ₹75 Lakh is mentioned below in detail:

₹75 Lakh Home Loan EMI for 10 Years IDFC First Bank 

Here are the ₹75 Lakh home loan EMI for 10 years IDFC First Bank:

₹75 Lakh Home Loan EMI for 15 Years IDFC First Bank

For an amount of ₹75 Lakhs, the EMI for 15 years is as follows:

₹75 Lakh Home Loan EMI for 20 Years IDFC First Bank

₹75 Lakh home loan EMI for 20 years from the IDFC First Bank is as follows:

₹75 Lakh Home Loan EMI for 25 Years IDFC First Bank 

IDFC First Bank home loan of ₹75 Lakhs EMI for 25 years is as follows:

₹75 Lakh IDFC First Bank Home Loan – Fees and Charges 

Here are the charges for ₹75 Lakhs of IDFC First Bank’s Home Loan:

• Processing Fee: This can be up to 3% of the total loan amount, with an initial portion payable during application and the remainder during agreement signing.
• EMI Bounce Charge: ₹500 for every instance of an EMI payment failing.
• Fee for Duplicate NOC: ₹500 for each request for an additional No Objection Certificate.
• Document Retrieval Fee: ₹500 for every request to retrieve physical documents.
• EMI Collection Service: ₹500 for each collection or pick-up service.
• Cheque/Instrument Swap Fee: No charge applied.
• Document Copying Charges: Free for digital copies; ₹500 per request for physical copies.
• Stamp Duty and Other Legal Fees: Subject to state-specific regulations.
• Mortgage Registration and Cancellation Fees: Charged according to state laws.
• Conversion Fee (Floating to Fixed Rate): 0.1% of the sanctioned loan amount or ₹10,000, whichever is lower.
• Late Payment Penalty: 2% per month on the overdue EMI or ₹300, whichever is greater.
• Incidental Charges: Actual expenses incurred in the recovery of dues from defaulting customers.
• Prepayment/Foreclosure Fee: No charges applied.
• Cancellation/Rebooking Fee: 1% of the loan amount plus interest from the date of disbursement until cancellation request submission.
• Repricing Fee: Up to 2% on the outstanding loan balance, applicable if the borrower requests a rate change.
• Interest Rate Reset: Loans linked to the External Benchmark Rate (EBR) will be reset every three months.
• Insurance: Optional specialised insurance products can be bundled with the home loan.

₹75 Lakh IDFC First Bank Home Loan – Documents Required

Below are the documents required for ₹75 Lakhs of IDFC First Bank Home Loan:

₹75 Lakh IDFC First Bank Home Loan – Eligibility Criteria

In order to qualify for a house loan, candidates need to fulfil several requirements. Both resident and non-resident Indians between the ages of 21 and 60 with at least three years of work experience and an annual income of ₹1 lakh are eligible to apply for salaried positions. Conversely, self-employed people must be Indian residents between the ages of 23 and 70, have operated a business continuously for at least four years, and make at least ₹1.5 lakhs annually. For self-employed candidates, the maximum loan term is 300 months; for those who are salaried, it is up to 360 months.