IDFC First Bank Home Loan Eligibility

IDFC Bank Home Loan Eligibility Calculator is an online financial tool to help you determine your IDFC Bank Home Loan Eligibility in less than a minute. With the help of IDFC Bank Home Loan Eligibility Calculator, your journey of taking a home loan to make your dream of owning your own house very easy going and memorable experience. In order to calculate your IDFC Bank Home Loan Eligibility using IDFC Bank Home Loan Eligibility Calculator, you just need to enter a few important details like- your monthly income, loan tenure, existing liabilities, interest rate, credit score, etc. The idea of buying your own house by taking home loan can be easily carry forward if you calculate your IDFC Bank Home Loan Eligibility using IDFC Bank Home Loan Eligibility Calculator before applying for the loan.

Which factors affect IDFC First Bank Home Loan Eligibility Calculator?

IDFC First Bank Home Loan Eligibility Criteria must be fulfilled in order to avail IDFC Bank Home Loan. So, to avoid your chance of loan rejection, you need to check your IDFC Bank Home Loan Eligibility criteria with the help of IDFC Bank Home Loan Eligibility Calculator. IDFC Bank Home Loan finances up to 90% of the property value at a competitive interest rate with the repayment tenure of 30 years.

Here are the following factors which affect IDFC Bank Home Loan Eligibility Calculator-

• Age

  IDFC Bank Home Loan Eligibility gets highly affected by the applicant’s age. The age limit for IDFC Bank Home Loan Eligibility criteria range between 21 to 60 years. You can apply for a home loan at a young age which will increase your IDFC Bank Home Loan Eligibility.

• Employment

  IDFC Bank Home Loan Eligibility criteria gets affected by your employment status. IDFC Bank Home Loan Eligibility is valid for both salaried and self-employed individuals with a stable source of income. For salaried & self-employed individuals, the minimum work experience are 2years and 3 years respectively.

• Credit Score

  IDFC First Bank Home Loan Eligibility criteria get affected by your credit score which is shows your repaying capacity. To have higher IDFC Bank Home Loan Eligibility criteria, your CIBIL score must be 750 or above.

• Co-applicant

  You can apply for home loan with a co-applicant who is earning a good amount can lead to better IDFC Bank Home Loan Eligibility.

• Existing Debt

  For financial liabilities like EMI or credit card bills, the bank takes FOIR (Fixed Obligation to Income Ratio) which should not be above 65% of your net income otherwise, IDFC Bank Home Loan Eligibility criteria will be low. So, payoff your ongoing debts for higher higher IDFC Bank Home Loan Eligibility.

• Income

  Your monthly income greatly affects IDFC Bank Home Loan Eligibility. High monthly income will result in high IDFC Bank Home Loan Eligibility and vice-versa.

• Property Value

  IDFC FirstBank Home Loan Eligibility criteria is based on the value of the property that is kept as mortgage. IDFC Bank finances 75% to 90% of the property value which ranges between less than Rs. 30 lakhs to more than Rs. 75 lakhs known as Loan To Value Ratio or LTV. Also,you must produce property documents which are valid and legally clean that have a higher IDFC Bank Home Loan Eligibility.

IDFC First Bank Home Loan Eligibility Criteria

Why should you use IDFC Bank Home Loan Eligibility Calculator?

• IDFC Bank Home Loan Eligibility Calculator helps you to know how much you are paying as interest and principal amount as EMI.
• There are different IDFC First Bank Home Loan Eligibility Calculators to help you out namely- Simple Home Loan Calculator, Booster Home Loan Calculator, Short & Sweet Home Loan Calculator and Max Saver Home Loan Calculator.
• Before applying for the loan, you can check your IDFC Bank Home Loan Eligibility criteria using IDFC Bank Home Loan Eligibility Calculator in a few seconds.
• You do not have to pay a single penny to use IDFC First Bank Home Loan Eligibility Calculator.
• You can save your time by using IDFC Bank Home Loan Eligibility Calculator to know your home loan eligibility.