IDFC First Bank Home Construction Loan

IDFC First Bank offers customers an opportunity to construct their own house. Through the home loan scheme, those who apply for an IDFC FIRST Bank construction loan can avail up to Rs. 5 crores. The loan can be applied for self-employed people as well as salaried employees. Thanks to the shortened digital application process, borrowers are guaranteed a hassle-free and seamless experience. Specialised insurance products and balance transfer programs enhance the offering even more. IDFC FIRST Bank's home loan is the best alternative for individuals wishing to build their homes because of its advanced offerings and flexible repayment schedule.

Features of IDFC FIRST Bank Home construction Loan

Below is a table showcasing the main features of the IDFC FIRST Bank construction loan:

IDFC FIRST Bank Construction Loan Interest Rates 

Here are the interest rates for the IDFC FIRST Bank construction loan interest rates:

IDFC FIRST Bank Construction Loan Fees and Charges

The processing fees and charges for the IDFC FIRST Bank house construction loan are as follows:

IDFC FIRST Bank Construction Loan Eligibility Criteria for Salaried

Now, let’s examine the eligibility criteria for obtaining the IDFC FIRST Bank construction loan for salaried individuals.

IDFC FIRST Bank Construction Loan Eligibility Criteria for Self-employed

Below are the eligibility criteria for self-employed individuals seeking the IDFC FIRST Bank construction loan.

IDFC FIRST Bank Construction Loan Documents Required for Salaried Individuals 

To apply for the IDFC FIRST Bank house construction loan as a self-employed individual, one should provide the following documents:

IDFC FIRST Bank Construction Loan Documents Required for Self-Employed Individuals

For a self-employed individual to apply for the IDFC FIRST Bank construction loan, the following documents are required:

Features of IDFC FIRST Bank Construction Loans

Below are the features and benefits of IDFC FIRST Bank home construction loan:

• Competitive interest rates offered
• A diverse range of loan variants caters to different needs, including:
  • Construction
  • Renovation projects
  • New residential purchases
  • Property Resale
  • Balance transfers
  • Top-ups, etc.

• Availability of higher loan amounts up to Rs. 5 crores
• Flexible tenure options spanning from 1 year to 30 years
• Digital application process to ensure a smooth experience
• Programmes enabling borrowers to transfer existing home loans with waived-off legal charges
• Insurance products provide additional security for both the borrower and their home