IDFC First Home Loan in Mumbai
Interest rates from 8.85% p.a. · EMI from ₹87,324/month for a ₹110L loan over 30 years. Updated for 2026.
See full IDFC First home loan details, rates & EMI →
Quick EMI Estimate
Based on the average loan amount in Mumbai (₹110 lakh) at IDFC First's minimum rate of 8.85% p.a.
Why choose IDFC First Bank for a home loan in Mumbai?
Digital-first private lender with home loans for salaried and self-employed borrowers.
Mumbai's property market is India's most expensive, with average 2BHK prices crossing ₹1.8 Cr. High loan amounts mean even small rate differences translate to lakhs in savings.
Popular Mumbai localities for home buyers
Mumbai's most active home-buying corridors are concentrated in these areas, where IDFC First customers are typically funding 70–90% of property value:
Average property price (2BHK): ₹180 lakh · Per-sqft rate: ₹22,000
How much will you save by prepaying?
A ₹110 lakh IDFC First home loan at 8.85% over 20 years means you pay roughly ₹1,24,98,640 in interest alone — almost as much as the principal itself.
A modest ₹10,000/month prepayment can shave 6–8 years off your tenure and save ₹15–25 lakh in interest. The NestSaver prepayment simulator shows you exactly how much, in seconds.
Run prepayment simulation →Compare top home loan offers in Mumbai →
Frequently Asked Questions
What is the IDFC First home loan interest rate in Mumbai?
IDFC First Bank offers home loans in Mumbai starting at 8.85% p.a., going up to 10.25% p.a. depending on your CIBIL score, loan amount, and employment profile. The processing fee is Varies.
What is the EMI for a ₹110 lakh IDFC First home loan in Mumbai?
For a ₹110 lakh loan from IDFC First Bank at 8.85% interest, the EMI is approximately ₹97,911 for 20 years, ₹91,184 for 25 years, and ₹87,324 for 30 years. Use the NestSaver calculator above for exact figures based on your loan amount and tenure.
How much home loan can I get from IDFC First in Mumbai?
IDFC First Bank typically finances up to 90% of the property value as a home loan in Mumbai, subject to a maximum tenure of 30 years. Your eligibility depends on your monthly income, existing EMIs, and credit score (typically 750+ for the best rates).
What documents are required for IDFC First home loan in Mumbai?
You will need identity proof (Aadhaar/PAN), address proof, last 3 months' salary slips, last 6 months' bank statements, Form 16 or ITR for 2 years, and property documents (sale agreement, NOC from builder/society, approved plan). Self-employed applicants need GST returns and business proof.
Is prepayment allowed on a IDFC First home loan?
Yes. Under RBI guidelines, IDFC First Bank cannot charge any prepayment penalty on floating-rate home loans. You can make partial or full prepayments at any time to reduce your interest burden. Use the NestSaver prepayment simulator to see exactly how much you can save.
Get a free IDFC First home loan consultation
Our advisors help Mumbai buyers negotiate the best rate with IDFC First Bank. Zero cost.