Home Loan

IDFC FIRST Bank brings you the best interest rates on long term housing finance on wide range of properties to live your best life.

With attractive loan tenure up to 15 years and minimum loan amount of 1 lakh up to 30 Lakhs, IDFC FIRST Bank focus on affordable housing solutions with the options of


• Self-Construction

• Purchase of property from another seller

• Builder purchase

• Renovation/ Extension of existing home

• Plot + Construction

• Easy Balance Transfer if any existing loan


The loan process is made simple for you at IDFC FIRST Bank with

• Tailor-made loans with minimal & easy documentation

• Digitalized process for customer convenience and faster TAT

• Advantage of PMAY subsidy for 1st time home buyers

• Eligibility and Additional Top-up facility based on Repayment track of existing loan


Who can apply?

Salaried / Cash salaried segment

Aged between 21-60 years

Minimum 2/3 years of experience

Self Employed segment

Aged between 23-70 years

Minimum 2/3 years of business continuity

Agri-Allied Sector

Aged between 23-70 years

Minimum 2/3 years of continuity


Documentation

1. PAN. If not available then Form 60 (Mandatory Document)


2. Proof of Identity (Self-Attested Copy of any one document)

• Valid Passport with expiry date, photograph and signature

• Voter’s Identity card issued by election commission of India

• Driving License issued by regional transport authority

• AADHAAR card issued by UIDAI

• Job Card issued by NREGA duly signed by an officer of the state government

• National Population Register containing details of name and address


3. Address Proof (self-attested copy of any one document*)

• Valid Passport with expiry date, photograph and signature

• Voter’s Identity card issued by election commission of India

• Driving License issued by regional transport authority

• AADHAAR card issued by UIDAI

• Job Card issued by NREGA duly signed by an officer of the state government

• National Population Register containing details of name and address


4. Income proof (self-attested copy of any one document*)


Salaried Individual:

• Last three months’ salary slip/salary certificate

• Latest year’s ITR with income computation/Form 16 (As applicable)

• Last six month’s bank statement reflecting salary credits.


Self-employed individual:

Verified Income Program:

• Business Proof

• Last 2 years Income tax return with income computation

• Balance sheets and P&L accounts with schedules (as applicable)

• Bank statements for the last 6 months - from business account of the firm/ company and savings

Cash-Flow Assessment:

• Business Proof (If available)

• Any proof on business (Purchase bills/Registry/Sales Bills etc)

• Last 6 months bank statement


5. Property ownership proof


6. If Balance Transfer

• Foreclosure letter or latest SOA and Repayment Track record