IDFC First Bank Home Loan for Salaried Person

IDFC First Bank offers home loans for salaried employees, characterised by competitive interest rates and flexible repayment options, catering to various customer needs. These loans are suitable for purchasing new or pre-owned homes, as well as for constructing houses. One of the bank's highlights is its commitment to providing a smooth application process, bolstered by quick approvals and minimal documentation. Additionally, the bank provides attractive features such as balance transfer facilities and top-up loans. Prospective borrowers can benefit from personalised service and expert guidance throughout the loan acquisition process, making IDFC First Bank a viable option for securing home financing in India.

IDFC First Bank  Home Loan for Salaried Person – Highlights

Take a look at the highlights for IDFC First Bank Home Loan for employees. 

IDFC First Bank  Home Loan for Salaried Person – Fees and Charges

Following are the fees and charges that you will need to pay for IDFC First Bank home loan for people earning monthly salaries. 

IDFC First Bank Home Loan Documents For Salaried Person

The following documents are required for IDFC First Bank Home Loan documents for a salaried person. 

Mandatory Documents:

• Form 16 or PAN card

Photo Identity and Address Proof (any one):

• Passport
• Voter ID
• Driving License
• Aadhaar Card
• Job card issued by NREGA
• National Population Register

Income Proof for Salaried Individuals:

• Last 3 months’ salary slips
• Bank statement for the last 6 months showing salary credits
• Latest ITR with income computation or Form 16
• Bank statement or repayment track record with loan sanction or amortisation schedule

Property Proof:

• Allotment or Possession Letter
• Copy of draft sale deed and chain title documents
• No objection certificate from the society and other documents as per the legal report

IDFC First Bank Home Loan Eligibility For Salaried Person

IDFC First Bank housing loan eligibility for salaried persons is as follows: 

• Nationality: Eligible applicants include both Indian residents and Non-Resident Indians (NRIs).
• Minimum Age: Applicants must be at least 21 years old at the time of the loan application.
• Maximum Age: The age at the time of loan maturity should not exceed 60 years.
• Work Experience: A minimum of 3 years of work experience is required.
• Minimum Income: Applicants need to have a minimum annual income of Rs 1 lakh.