Affordable IDFC Bank Home Loan Interest Rates To Buy Your Own House

Your dream of having an own house now can be true because IDFC Bank offers you housing loan services. IDFC Bank Home Loan Interest Rates are linked to External Benchmark Rate (EBR) and the rates get reset every 3 months. Easily pay your home loan EMIs using ECS, PDCs and auto-debit facility. You can also use IDFC Bank Home Loan EMI Calculator to estimate your monthly loan installments to plan your loan. In the given article you will know about the IDFC Bank home loan features.

Interest rates & other charges of IDFC Home loans

The starting IDFC Bank Home Loan Interest Rates is 9.60%. IDFC Bank provides you home loans at MCLR based rate of interest. If you choose a flexible interest rate on your home loan then your loan EMIs interest rate will change according to the bank MCLR. Otherwise, the fixed interest rate remains the same during your loan tenure.

You can pay the home loan amount up to 30 years with the IDFC Bank flexible home loan tenors. The additional charges of your home loan include your processing fee which is non-refundable and IDBI Bank charges a maximum processing fee up to INR 10,000 on your home loan. It is mandatory to pay the processing fee to IDBI Bank before your home loan sanction process. Also, you can use the IDFC Bank Home Loan EMI Calculator to calculate your monthly loan installments to plan your loan repayment.

How to use the home loan EMI calculator?

You just need to insert your loan details inside the IDFC home loan EMI calculator and it will show your loan EMIs. It works on the formula [P x R x (1+R)^N]/[(1+R)^N-1] where P is your borrowed loan amount, N is the loan tenure and R is your loan interest rate.

The IDFC Bank Home Loan EMI Calculator will show the repayment schedule of your home loan on your desktop or mobile screen. It provides the details of your loan payment like your total payable principal amount, interest rate and outstanding loan amount of your IDFC home loan.

So, before applying for the IDFC home loan, you must check your loan EMIs using the EMI calculator that gives you an approx EMI of your home loan.

Benefits of choosing IDFC Bank as your housing finance partner

Apply for IDFC home loan for a hassle-free home loan experience. With minimal documentation and easy sanction process, you can easily avail a home loan from IDFC Bank. To reduce the burden on your loan EMI, you can also prepay the loan amount with zero prepayment charges on flexible IDFC Bank Home Loan Interest Rates. Otherwise, you have to pay 2% prepayment charges on a fixed interest rate. All in all IDFC Bank is the perfect home loan provider for you that offers home loans to both salaried and self-employed individuals at a lower rate of interest with a maximum loan duration of 30 years.