IDFC FIRST · private bank
IDFC FIRST Bank home loan interest rate today
IDFC FIRST Bank publishes home loan interest rates from 7.75% for new loans (checked 18 Oct 2026). Its floating rate follows the RBI repo rate, now 5.50%. To move an existing loan to a lower rate with IDFC FIRST, the fee is about ₹5,900 with GST on a ₹50 lakh loan, an estimate: IDFC FIRST does not publish it.
Checked 18 Oct 2026 · IDFC FIRST's rate page
- Rate for new loans
- From 7.75%
- On IDFC FIRST's site
- RBI repo rate
- Follows it
- Repo now 5.50%
- Fee to lower rate
- ₹5,900 est.
- ₹50 lakh loan, with GST
- Checked
- 18 Oct
- 2026
Rates for new loans
New loans from 7.75%. Only this "from" rate is given; the rate you get depends on your credit score and loan.
Source: idfcfirst.bank.in · checked 18 Oct 2026 · from the official website
How the rate moves
IDFC FIRST's floating home loan rate follows the RBI repo rate through its Repo-linked (EBLR), so it moves when the RBI changes the repo rate.
Adopted the RBI repo rate as its external benchmark from 1 Oct 2019.
How to ask IDFC FIRST for a lower rate
If you already have a loan with IDFC FIRST, you can ask it in writing to move you to its current rate. It is a request, and the lender decides.
- Open the IDFC FIRST mobile app, go to Loans, select your home loan and raise a service request for a rate reduction.
- Ask for written confirmation of the fee and an SR number.
These steps are what borrowers report; IDFC FIRST's own site does not set them out. Ask your branch to confirm.
The fee: about ₹5,900 with GST on a ₹50 lakh loan. Not published for floating-to-floating changes; the bank publishes only a floating-to-fixed fee (0.1% of sanctioned amount or ₹10,000, whichever is lower). ₹5,000 is an indicative figure.
Paying off early
For loans sanctioned or renewed on or after 1 January 2026, no bank, NBFC or housing finance company may charge for part or full pre-payment of a floating-rate loan taken by an individual for non-business purposes, whatever the source of funds and with no lock-in. Older floating-rate home loans were already protected by RBI's 2012 and 2014 circulars (banks) and NHB directions (HFCs). Any charge not written in your sanction letter or Key Facts Statement cannot be levied.
Where to complain
Complain to IDFC FIRST first and keep the reference number it gives you.
If there is no reply within 30 days, or the reply does not satisfy you, you can complain to the RBI Ombudsman for free within 90 days after that (or after the lender's last reply, if later): online at cms.rbi.org.in, by email to [email protected], or by post.
After IDFC FIRST, the next step is the RBI Ombudsman. It is free and you do not need a lawyer.
Questions people ask
What is IDFC FIRST Bank's home loan interest rate today?
IDFC FIRST Bank publishes home loan interest rates from 7.75% for new loans (checked 18 Oct 2026). The rate you get depends on your credit score and loan, and IDFC FIRST decides the final rate.
Does IDFC FIRST Bank's home loan rate change when the RBI changes the repo rate?
IDFC FIRST's floating home loan rate follows the RBI repo rate through its Repo-linked (EBLR), so it moves when the RBI changes the repo rate. Adopted the RBI repo rate as its external benchmark from 1 Oct 2019.
How do I get a lower rate on my existing IDFC FIRST Bank home loan?
Ask IDFC FIRST in writing to move your loan to its current rate. Open the IDFC FIRST mobile app, go to Loans, select your home loan and raise a service request for a rate reduction. Ask for written confirmation of the fee and an SR number. The fee is about ₹5,900 with GST on a ₹50 lakh loan, an estimate: IDFC FIRST does not publish it. A lower rate is a request: the lender decides.
Can IDFC FIRST Bank charge me for paying off my home loan early?
No, not on a floating-rate home loan. For loans sanctioned or renewed on or after 1 January 2026, no bank, NBFC or housing finance company may charge for part or full pre-payment of a floating-rate loan taken by an individual for non-business purposes, whatever the source of funds and with no lock-in. Older floating-rate home loans were already protected by RBI's 2012 and 2014 circulars (banks) and NHB directions (HFCs). Any charge not written in your sanction letter or Key Facts Statement cannot be levied.
Where do I complain if IDFC FIRST Bank does not reply?
Complain to IDFC FIRST first through its complaints page. If there is no reply within 30 days, or the reply does not satisfy you, you can complain to the RBI Ombudsman for free within 90 days after that (or after the lender's last reply, if later): online at cms.rbi.org.in, by email to [email protected], or by post.
Compare with other lenders
Moving your loan to IDFC FIRST from another lender: a processing fee of about ₹11,800 with GST on a ₹50 lakh loan, as published by IDFC FIRST, plus stamp duty in some states.
Words on this page
- RBI repo rate:
- the rate the Reserve Bank of India sets for lending to banks. Many home loan rates move with it.
- EBLR:
- External Benchmark Lending Rate: a bank rate that follows the RBI repo rate.
- SR number:
- service request number: the reference the bank gives your request. Keep it.
- GST:
- Goods and Services Tax: 18% on bank fees.