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Securing a property in Ranchi requires a lender with strong local presence. IDFC First Bank offers tailored home loan solutions with interest rates starting at 8.75%, covering key residential hubs including Lalpur, Doranda, Kanke Road, Harmu, Morabadi. Properties approved by Ranchi Municipal Corporation often get faster sanctioning.
Avg. 2BHK Cost (1000 sqft)
₹42,50,000
Based on avg rate: ₹3,000 - ₹5,500/sqft
Est. EMI with IDFC First Bank
₹30,046
@ 8.75% for 20 Years (80% Loan)
₹3,000 - ₹5,500
Per square foot in Ranchi
Ranchi Municipal Corporation
Primary planning body for approvals
When applying for a loan at IDFC First Bank for a property in Ranchi, you must adhere to RERA norms. Ensure you have these documents:
| Lender | Interest Rate | Network |
|---|---|---|
| IDFC First Bank | 8.75% Onwards | Pan-Ranchi |
| HDFC Bank | 8.7% Onwards | Available |
| ICICI Bank | 8.75% Onwards | Available |
| Axis Bank | 8.75% Onwards | Available |
| Kotak Mahindra | 8.8% Onwards | Available |
Disclaimer: Rates shown are indicative and for educational purposes only. Actual interest rates and terms may vary based on bank policy, RBI guidelines, and individual customer credit profiles.
Our analysis is built on deep-dive research into RBI Benchmarks and lender-specific disclosures. We verify every interest rate and fee structure against real-world borrower approvals to ensure the highest level of accuracy for Indian home buyers.