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IDFC Home Loan, Interest Rate and EMI Calculator January 2019

(Updated on 11.01.2019) IDFC Bank Home Loan EMI Calculator January 2019 – Get Instant Quick & Easy Approval on IDFC Bank Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of✓Interest Rate✓Loan Tenure✓Processing Fee✓Eligibility✓Best Offers & more.

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IDFC Bank Home Loan

IDFC Bank has the perfect Home Loan with special features, unmatched service levels and flexible repayment options for borrowers to purchase plot / house / flat for construction, extension, renovation and refurbishing. IDFC Home Loan has varied and unmatched home loan products to cater to the various home loan requirements of every customer. IDFC Home Loan is popular for its high eligibility for Businessmen, doorstep service, attractive interest rates, simplified documentation and fastest turnaround time.

IDFC Bank sells loan accounts worth Rs 2,070 crore to ARC
The gross non-performing assets (NPAs) and net NPAs of IDFC Bank were at Rs 1,542 crore and Rs 576 crore, respectively. In 2016-17, IDFC Bank sold 14 loan accounts with a net carrying value of Rs 2,070 crore to an asset reconstruction company (ARC). This helped in lowering the bank’s gross NPA ratio (as a percentage of gross advances) to three per cent and Net NPA (as a percentage of net advances) to 1.1 per cent.(Sources: business-standard)

IDFC Bank Home Loan Interest Rate

Salaried
Type Loan Amount MCLR Rate+ Markup ROI
Floating Amount upto 30 lacs MCLR-6M + 0.20% 8.90% p.a.
Amount above 30 lacs MCLR-6M + 0.25% 8.95% p.a.
Top Up MCLR-6M + 1.60% 10.30% p.a.
Self Employed
Type Loan Amount MCLR Rate+ Markup ROI
Floating Amount upto 30 lacs MCLR-6M + 0.35% 9.05% p.a.
Amount above 30 lacs MCLR-6M + 0.40% 9.10% p.a.
Top Up MCLR-6M + 1.85% 10.55% p.a.

IDFC Bank Home Loan EMI Calculator

IDFC Bank Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Check your home loan eligibility with the home loan eligibility calculator and choose the perfect home loan which suits you.

IDFC Bank Home Loan Eligibility

Salaried Individuals

  • Purchasing ready property / balance transfer of running loan on ready or under-construction property.

  • Flexible repayment tenures up to 30 years.

  • Repayment up to 60 years or retirement age.

  • For Indian Residents.

  • 21 years & above.

  • Min. 2 years work experience.

For Self-Employed individuals

  • Purchasing ready property / balance transfer of running loan on ready or under-construction property.

  • Flexible repayment tenures up to 20 years.

  • Repayment up to 65 years.

  • For Indian Residents.

  • Min age 23 years.

  • Min. 3 years work experience.

IDFC Bank Documents Required

For Salaried Individuals

  • Application form with self-attested photograph.

  • Age proof (PAN card / Passport / Mark sheet with date of birth / Birth certificate)

  • Proof of residence (Passport / Driving Licence / Aadhar card / Voter’s ID card)

  • Proof of identity(Voter’s ID card / Passport / Employer’s card / Aadhar card)

  • 3 month’s salary slip, Form 16, 6 month’s bank statement, Copy of title documents, Processing fee cheque.

For Self-employed Individuals

  • Application form with self-attested photograph.

  • Age proof (PAN card / Passport / Mark sheet with date of birth / Birth certificate)

  • Proof of residence (Passport / Driving Licence / Aadhar card / Voter’s ID card)

  • Proof of identity(Voter’s ID card / Passport / Employer’s card / Aadhar card)

  • Proof of business existence and years in business.

  • 2 years of income tax returns along with financial statements.

  • 6 month’s bank statement, Copy of title documents, Processing fee cheque.

IDFC Bank Home Loan PrepaymentsNill Pre-payment Charges

IDFC Bank Home Loan MCLR Rate January 2019

Tenor MCLR
Overnight 8.65%
1 Month 8.65%
3 Months 8.85%
6 Months 9.05%
1 Year 9.30%
2 Years 9.35%
3 Years 9.50%