80 Lakh IDFC First Bank Home Loan

For those planning to purchase their dream home soon, Urban Money is here to help to fulfil it. Let us guide you to IDFC FIRST Bank’s 80 Lakh Home Loan option, aiming to make house purchases extremely easy and affordable for everyone. With benefits like minimal documentation and quick digital processing, any salaried or self-employed individual can apply for the same and pay off the debt with flexible repayment schedules over 30 years. The borrower can enjoy the lowest interest rates, starting at just 8.85%, and waive legal processing fees from selected banks. The processing fee is as low as 3% of the total loan value, and some loans don’t require an in-person visit to the bank. Explore the various features of the 80 Lakh Home Loan from IDFC FIRST bank in the blog below.

Key Highlights of 80 Lakh IDFC First Bank Home Loan

Here are some of the key features of an 80 Lakh Home Loan from IDFC FIRST bank, which will help you compare it to other financial tools:

• Loan Amount: Up to ₹10 Crore
• Loan Tenure: Up to 30 years
• Interest Rate: Starting at 8.85%* p.a.
• Application Process: Fully digital with minimal documentation
• Top-Up Option: Up to 100% of the loan amount
• Balance Transfer: Available with competitive rates
• Approval Process: Quick approval with minimal paperwork

80 Lakh Home Loan EMI for 5 Years IDFC First Bank 

Here is the EMI Estimate for an 80 Lakh Home Loan from IDFC FIRST Bank over a 5-year tenure with a minimal available interest rate of 8.85%.

80 Lakh Home Loan EMI for 10 Years IDFC First Bank 

Over ten years, the EMI and interest payment for the IDFC FIRST Bank’s 80 Lakh Home Loan comes up to be around-

80 Lakh Home Loan EMI for 15 Years IDFC First Bank

The following table showcases the estimated EMI to be paid for an 80 Lakh Home Loan from IDFC FIRST Bank over a 15-year loan tenure.

80 Lakh Home Loan EMI for 20 Years IDFC First Bank 

The EMI estimates and interest payable for a 20-year-long IDFC Bank’s 80 Lakh Home Loan with an interest rate of 8.85% is as follows:

80 Lakh Home Loan EMI for 25 Years IDFC First Bank 

For a loan tenure of 25 years and an interest rate of 8.85%, the EMI estimate for an 80 Lakh Home Loan from IDFC Bank comes up to be around:

80 Lakh IDFC First Bank Home Loan – Fees 

The IDFC First Bank’s 80 Lakh Home Loan requires you to pay certain charges to the banking officials, including:

• Processing Fees- 3% of the loan amount, PF at the time of applying and rent at the time of first payment reimbursement
• Stamp Duty- As per the state laws 
• Interest Rate- Switching- 0.1% of the loan amount or INR 10,000, whichever is lower 
• Penal Charges for Unpaid EMI- 2% of the instalment amount or INR 300, whichever is higher 
• Pre-payment/ Foreclosure charges- NIL

80 Lakh IDFC First Bank Home Loan – Documents Required

To apply for an 80 Lakh Home Loan from the IDFC Bank, you will have to submit a valid identity proof, valid address proof, and valid income proof. Salaried employees must submit the last two months’ salary slips, form 16, the latest ITR or the previous six months’ bank statements. Self-employed individuals should submit balance sheets, credit card statements, the latest ITR, profit and loss statements, GST returns, and the last six months’ bank statements while submitting the loan application. A property proof, such as a photocopy of the draft sale deed and any chain title documents, an allotment or possession letter, and a no objection certificate from the society, will be required for the loan to be processed.

80 Lakh IDFC First Bank Home Loan – Eligibility Criteria 

The following individuals can apply for the 80 Lakh Home Loan from IDFC Bank: