IDFC home loan interest rates, for Rs. 25 lakhs, for a tenure of 15 years are as below:

Interest rate

9.00% – 11.50%

Loan amount

Rs. 5 lakh to 25 lakhs

Loan tenure

Up to 20 years

Bank funding

Up to 90% of the value

Credit score

Minimum 750

Prepayment fees


Processing fees

As per agreement or 1.00%

Customer care toll-free number

1860 500 9900

How is the interest rate on home loans calculated by IDFC bank?

The interest rates applicable on IDFC home loans are floating. They are spread over a 6-month MCLR which are subject to changes, depending on the loan amount. The minimum interest rate spread is MCLR + 0.20% which is applicable on a maximum loan amount of Rs. 30 lakhs.

Who is eligible for an IDFC first home loan?

Mentioned below are the applicant categories and other eligibility criteria for IDFC home loans:

  • Sole Proprietors and Partnership Firms
  • Micro Small and Medium Enterprises
  • Salaried and Self Employed Professionals
  • A self-employed applicant needs to be at least 2 years in business. 
  • A salaried applicant must have at least 3 years of work experience in the industry and must show proof of a positive net worth
  • The age requirement set by the bank is a minimum of 23 years at the time of applying for the loan and a maximum of 70 years at the time of loan maturity
  • The applicant must have a clear banking and loan payment history

It is important to have a good credit score to be eligible for IDFC home loans.