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IDBI Home Loan

IDBI Home Loan
 4.0 / 5.0   by 62 users
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Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

IDBI Bank Limited is an Indian financial service company headquartered in Mumbai, India. IDBI Bank is on a par with nationalized banks and the SBI Group as far as government ownership is concerned. It is one among the 26 commercial banks owned by the Government of India. Their experience of financial markets will help them to effectively cope with challenges and capitalize on the emerging opportunities by participating effectively in our country’s growth process. Owning a home is one of life’s biggest aspirations, at IDBI our home loan solutions are designed to offer you convenience and make the journey to your dream home a pleasant one.All you have to do is to follow some simple steps to get attractive deals.


You’re probably eligible for an IDBI Home Loan if you are

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03
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IDBI Home Loan Minimum Age

At least 22 years old

IDBI Home Loan Maximum Age

Less than 70 years old

IDBI Home Loan Eligible Employment Type

Salaried or self-employed
with regular income

IDBI Home Loan Minimum Income

Earn more than the minimum
income required


Your IDBI Home Loan amount eligibility is based on these factors

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IDBI Home Loan Minimum Salary

Earn more than the minimum
income required

IDBI Home Loan Maximum Loan to property value

Loan capped @ 75% to 90 % of property value

IDBI Home Loan EMI

EMIs of other loans lower
your eligibility


Increase your eligible IDBI Home Loan amount by these steps

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IDBI Home Loan Add Spouse as Co-applicant

Make your spouse a co-applicant,
and her income will add
to your eligibility

IDBI Home Loan Maximum Tenure

Choose longer tenure loan up to 30 years

IDBI Home Loan Add parents as Co-applicant

Alternatively add your parents


Documentation needed to apply for an IDBI Home Loan

  • 1. Signed application form with photograph
  • 2. Processing fee Cheque
  • 3. ID and residence proof
  • 4. Latest bank statements
  • 5. Documentation for salaried applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
  • 6. Documentation for self-employed applicants:

    • latest income tax returns
    • latest comupation of income

IDBI Home Loan Interest RatesUpdated on 27 Feb 2015

IDBI Home Loan Details
>
Interest Rate (Floating) 10.25% to 10.40%
Processing Fees Nil
Loan Tenure 30 years
Pre-closure Charges Nil

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News about IDBI Home Loan


IDBI Home Loan Reviews

92 % of our customers would recommend this bank. (57 out of 62) Write Review
Customer Reviews
Page 1 of 4 1 2 3 4
  • (3)

    resident :mumbai idbi branch :kurla andheri my process of home loan started on nov 20 ,14 and went on till jan 22 with me ending up only to know that all the documents which i have submitted was asked again by the executive bcuz they all lost it and to restart the process again of loan .on the other hand the builder which has started charging me 28 % interest for installment not paid which was part of the loan applied money. I was shocked to know the idbi executives were so lousy in their job .At last they are govt ppls and what can u expect from them. This is a true life experience,plz forbid to take loan from such bad bank who has no value for clients, This is a real experience plz dont think as any hoax review... Regards, Srikant

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    srikant took a Home Loan from IDBI BANK Reviewed on
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    (1)

    I am holding a IDBI Housing loan. They are not very clear with the policies and procedure. After selling the product they are not focusing on Customerâ??s needs. Many a times I have written mails to them however they did not bother to response. Only once they have responded. The charges are very much nominal. They dont charge anything extra they are very fast in processing the application quickly.

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    raju took a Home Loan from IDBI BANK Reviewed on
  • Validated User
    (2)

    One month is there to complete the home loan with IDBI and the interest rate is 11.25%. EMI date is 30th and it is getting through my account. May be in thousands they would have collected the processing charge. Interest rate is bit high in IDBI for home loan. Actually the builder was associated with IDBI so I must go with the same bank for home loan, in this way I have taken from IDBI.

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    ramanath took a Home Loan from IDBI BANK Reviewed on
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    (1)

    Services is good however the rate of interest is 0.1% is higher than other banks. Customer service team of IDBI is too friendly in nature. They had provided part payment option with 0% charges for home loan.

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    prasun took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    IDBI is been excellent services rendered. Compared with other banks, their services is best. They don't let the customers do the follow ups, they keep on updating the home loan status. Interest rate is quite the same like other banks. Charges are so lesser which is quite appreciable.

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    kiran took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
  • Validated User
    (1)

    In terms of home loan, IDBI had waived off the processing charges due to the deal. The interest rate is 10.50% for plot and construction loan. IDBI provides part payment option with 0% charges.

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    adarsh took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
  • Validated User
    (1)

    As its a resale property, I did know about IDBI through the previous person who had taken home loan. Even the paper work was less as its a pre approved loan. Interest rate is very less at that point of time.

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    palguna took a Home Loan from IDBI BANK Reviewed on
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    (2)

    I applied for a home loan from IDBI bank in the year 2012. The experience was good. The services was fine. They gave the maximum loan amount compared to any other banks in the market. The rate of interest was 10.25% and there was no processing fees. The customer support was good.

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    mukesh took a Home Loan from IDBI BANK Reviewed on
  • Validated User
    (0)

    On that period of availing home loan it was good and the interest rate is good like 17%. IDBI just collected my salary slip, address proof and property details. Actually my property was owned by parents so they asked for NOC from my sibling. Tenure is just 5 years and I already closed it.

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    sai took a Home Loan from IDBI BANK Reviewed on
  • Validated User
    (0)

    The home loan which I availed from IDBI is good. I took it a year back. The rate of interest was 10.25% which is high and can be reduced. The services are good. There is no processing fees. It took around 7 to 15 days for me to get the loan.

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    bren took a Home Loan from IDBI BANK Reviewed on
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    (0)

    IDBI interest rate for home loan was quite the same like other banks. There was lot of cooperation from customer service team and rates and charges is quite comparable with other banks.

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    manoj took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
  • Validated User
    (1)

    IDBI bank is good. Charges are quite lesser and even rate of interest is quite competitive. They are too clear in terms of whatever the information they need to communicate. Overall home loan services is great.

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    subhashis took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
  • Validated User
    (2)

    I am holding a IDBI housing loan since 2006. It helped me a lot. This loan was given for land and construction purpose . I am happy as this Bank offered me a loan for my property as its outside the city limits. Its a wonderful loan . Customer service offered by them is really good and their attitude is improving . Staff their are prompt, courteous and they handle calls appropriately

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    mohammad took a Home Loan from IDBI BANK Reviewed on
  • Validated User
    (0)

    Overall I liked IDBI processing as well as there is no additional charges levied for the home loan processing. They had provided part payment option with 0% charges and they are transparent. However, one thing which could be improvised is in terms of processing time.

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    sathish took a Home Loan from IDBI BANK Reviewed on
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    (0)

    The entire processing of IDBI in terms of home loan was quite smooth. One of the impressive option is pre payment option with 0% pre closure charges. Even the interest rate is quite better. I liked the guidance and support rendered by the customer service team.

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    srinivas took a Home Loan from IDBI BANK Reviewed on
  • Validated User
    (3)

    Compared with other bank, IDBI services is quite better as I need not visit the branch. Whatever the services is, they come at door step as well as on line flexibility is there. Rate of interest is 9.25% for home loan fixed for 5 years which is impressive.

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    manoj took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
  • Validated User
    (1)

    The services are moderate when I applied for a home loan from IDBI bank. The customer support was not so good as they do not respond on time. The information provided was not proper which needs to be improved as well.

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    rajeev took a Home Loan from IDBI BANK Reviewed on
  • Validated User
    (0)

    IDBI is very good while comparing to other banks and basically they are understanding customers need and their calculations differ from other banks. Rate of interest is same like nationalized bank in IDBI for Home loan. They are fast in process so I postpone the disbursement. On the whole, I am satisfied with IDBI.

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    bhalchandra took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
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    (0)

    I am happy about the relationship with IDBI bank in availing home loan. Customer service team did a good job by providing faster response. The interest rate what I did get for my top up loan is higher than the existing loan however as I got it at the right time, I had availed. 10.25% is the interest rate with partial payment option provided.

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    prabhakar took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Am pretty much happy with home loan services with IDBI. However, sometimes due to emergency, If i postpone the payment, they would never agree which needs to be considered. It would also be better if they could be clear on the interest rates, charges.

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    chandrashekhar took a Home Loan from IDBI BANK Reviewed on
Customer Reviews
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