IDFC FIRST Bank Home Loan Interest Rate — 16th September 2026
Private sector bank
Here’s the home loan interest rate IDFC FIRST Bank charges, taken from its own website on 16 September 2026: from 7.75% onwards. We’ve set out the card as published, what decides where you land within it, and the EMI at each end.
Starting rate
7.75%
Top of published range
Not published
Benchmark
Repo
Effective from
Not published
Read from IDFC FIRST Bank’s own website on 16 September 2026. Source and method
IDFC FIRST Bank home loan interest rate card
What IDFC FIRST publishes
Read this first
- IDFC FIRST’s rate page quotes two different starting rates: 7.75% in its rate table and 8.85% in its FAQ.
| Where on the bank’s page | Starting rate |
|---|---|
| Home loan interest rate table | 7.75% |
| FAQ on the same page | 8.85% |
We use the rate-table figure as the published rate. IDFC FIRST publishes no grid by credit score or loan size.
What IDFC FIRST Bank’s interest rate card tells you
IDFC FIRST Bank’s rate table says home loans start at 7.75%. Further down the same page, its FAQ says they start at 8.85%. We show the rate-table figure because that is the one presented as the current rate, but a 1.10% disagreement on the lender’s own page deserves to be taken seriously — on a ₹50 lakh, 20-year loan it is ₹3,458 a month. Ask the bank in writing which figure applies to you before relying on either. Beyond the starting rate, IDFC FIRST publishes no grid by credit score or loan size.
Ranked by published starting rate, IDFC FIRST Bank comes joint 22nd of 48 — joint 8th within the 19 private banks we track. Measured against the RBI repo rate of 5.25%, IDFC FIRST Bank’s floor carries a spread of 2.50 points. With no upper figure published, 7.75% is the only fixed point on IDFC FIRST Bank’s card; anything above it is decided case by case.
EMI at IDFC FIRST Bank’s home loan interest rate
Monthly EMI at IDFC FIRST Bank’s starting rate of 7.75%. These are the best case — if you’re quoted above the floor, your EMI will be higher.
| Loan amount | 10 years | 15 years | 20 years | 25 years |
|---|---|---|---|---|
| ₹35 lakh | ₹42,004 | ₹32,945 | ₹28,733 | ₹26,437 |
| ₹50 lakh | ₹60,005 | ₹47,064 | ₹41,047 | ₹37,766 |
| ₹70 lakh | ₹84,007 | ₹65,889 | ₹57,466 | ₹52,873 |
| ₹1 crore | ₹1,20,011 | ₹94,128 | ₹82,095 | ₹75,533 |
Reducing-balance EMI, before processing fees and insurance. Run your own numbers →
IDFC FIRST Bank against lenders priced nearby
How IDFC FIRST Bank’s floor compares with the four closest on our list — same ₹40 lakh, 20-year loan throughout, so the EMIs line up.
| Lender | Published rate | EMI, ₹40 lakh / 20 yrs | vs IDFC FIRST Bank |
|---|---|---|---|
| Kotak Mahindra Bank Private sector bank | 7.60% onwards | ₹32,469 | −₹369/mo |
| IDFC FIRST Bank Private sector bank | 7.75% onwards | ₹32,838 | — |
| HDFC Bank Private sector bank | 7.75% – 13.20% | ₹32,838 | same |
| Aditya Birla Housing Finance Housing finance company | 7.75% onwards | ₹32,838 | same |
| Tamilnad Mercantile Bank Private sector bank | 7.90% – 9.30% | ₹33,209 | +₹371/mo |
What moves your rate at IDFC FIRST Bank
- With two different starting rates on its own page, compare IDFC FIRST’s written quote against a bank that publishes a full grid — an outside benchmark is the cleanest check.
- A starting rate is where a lender’s pricing begins, not where a typical borrower lands. Budget for something above it unless your score, income and down payment are all strong.
- A bigger down payment helps at almost every lender: it lowers the loan-to-value ratio and the loan size at once, and both feed into pricing.
What a IDFC FIRST Bank home loan costs beyond interest
| Processing fee | Up to 3% of the loan amount, excluding GST. An application fee of up to ₹6,500 is paid at login, is non-refundable, and counts toward the total. On a ₹40 lakh loan, that comes to at most ₹1,20,000, before GST. |
|---|---|
| Prepayment and foreclosure | None on floating-rate loans; up to 2% on loans fixed for the whole tenure. |
| EMI bounce | 12% of the EMI, minimum ₹400, maximum ₹1,000 |
| Cancelling and rebooking | 0.25% of the loan or ₹10,000, whichever is lower |
Source: IDFC FIRST Bank’s own schedule of charges, read on 16 September 2026: https://www.idfcfirst.bank.in/personal-banking/loans/home-loan/fees-and-charges
Who can get a IDFC FIRST Bank home loan
| Who can apply | Salaried individuals aged 21 to 60 with three years’ experience (resident or NRI); resident self-employed individuals aged 23 to 70 with four years in business. |
|---|---|
| Longest term | 30 years (up to 30 years salaried, 25 years self-employed) |
| Minimum income | Salaried ₹1 lakh a year; self-employed ₹1.5 lakh a year |
| Loan amount | Up to ₹10 crore |
Source: IDFC FIRST Bank’s home loan page, read on 16 September 2026. Meeting these criteria doesn’t guarantee approval. https://www.idfcfirst.bank.in/personal-banking/loans/home-loan
IDFC FIRST Bank home loan interest rate — common questions
What is the current IDFC FIRST Bank home loan interest rate?
How much does IDFC FIRST Bank charge to process a home loan?
How long can a IDFC FIRST Bank home loan run?
Does IDFC FIRST Bank publish home loan rates by credit score?
How much is the monthly EMI on ₹40 lakh at IDFC FIRST Bank?
Is the IDFC FIRST Bank home loan interest rate floating or fixed?
How does IDFC FIRST Bank compare with HDFC Bank?
Where these figures come from
Source: IDFC FIRST Bank’s own interest rate page, read by BankCreds on 16 September 2026: https://www.idfcfirst.bank.in/personal-banking/loans/home-loan/home-loan-interest-rates
IDFC FIRST Bank publishes no effective date for this rate, so we don’t show one.
Our record of IDFC FIRST Bank’s rates starts on 16 September 2026; later changes will appear here when we find them. IDFC FIRST Bank’s fees and eligibility on this page were read from IDFC FIRST Bank’s own documents, and each section links to where.
Rates are what IDFC FIRST Bank publishes, not an offer: the rate you’re quoted is set by IDFC FIRST Bank after it assesses your application. How we collect and check rates →