A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • IDBI Bank Home Loan

    IDBI Home Loan
     4.0 / 5.0   by 110 users
    Used this product? Write a review >>

    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

    01
    02
    03
    04
    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

    01
    02
    03
    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

    01
    02
    03
    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 31 Aug 2015

    IDBI Home Loan Details
    Interest Rate (Floating) 10.00% to 10.15%
    Processing Fees Nil
    Loan Tenure 30 years
    Pre-closure Charges Nil

    News About IDBI Home Loan

    • IDBI Bank introduces new processing system to apply for loan

      IDBI Bank, one the top public sector banks, has initiated a new way to process a loan application for its Structured Retail Asset (SRA) loans like vehicle loans, education loans and personal loans. This is not counting the prevailing processing system for housing loans. Thus every SRA loan has been digitalized.

      This arrangement can generate the regularization in dispensation and payments of the loans. It will increase turnaround time for home loans. This is yet another leap onward in IDBI’s obligation to enhance customers banking experience.

      26th August 2015

    • IDBI Emerges as the New Age Home Loan Genie

      To offer quick loans to buy houses or open small businesses, IDBI Bank has decided to introduce e-huts, which will aid individuals from villages to go forward and join major businesses. E-hut is a notion that is extensively recognized in the West, but in our country, it has not picked pace yet. The bank will lend its support to middle and small initiatives in the state for which the loaning has escalated by 48%.

      IDBI opened two more offices in Goa (Candolim & Chinchim). These branches are harmonized with IDBI’s plan to reinforce its Housing & Enterprises (Micro, Small and Medium) loan portfolio in Goa. IDBI has noted an extraordinary progression in the area with 22% increase in current and savings accounts as the overall deposits increased by 16% in the preceding financial year.

      28th May 2015

    Home Loans from Top Banks
    Home Loan Tools
    Home Loans in Top Cities
    Home Loan by Bank
    Home Loan by City

    IDBI Bank Home Loan Reviews

  • Page 1 of 6 1 2 3 4 5
    • Home Loan
      "Good Bank to deal with for home loan "
      IDBI BANK
      0.5 4.5/5 "Excellent!"
      I taken a home loan with IDBI bank and did the disbursed the loan within 15 days which was very fast process. Interest rate offered was 10.15% which is more than sbi bank with the minimum processing fee of Rs. 2500 for 28 lakhs loan mount. In one time they collected all the documents for th process.
      Was this review helpful? 2
      , kolkata
      Reviewed on Aug 27, 2015
    • Home Loan
      "Much Satisfied "
      IDBI BANK
      0.5 5.0/5 "Blown Away!"
      I am associated with IDBI bank for the last 15 years. I closed my home loan with them, they are very good in processing. Once my application processed they called me twice to confirm about disbursement of my loan amount. They were very much helpful to their customers.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 27, 2015
    • Home Loan
      "Happy Home Loan!"
      IDBI BANK
      0.5 5.0/5 "Blown Away!"
      I took my home loan with IDBI bank in Aug, 2015. The processing is quick enough and I got the loan amount disbursed within 2 weeks. Even though my property is out of city, they donâ??t take much time for approval. The interest rate is the best in the industry.
      Was this review helpful? 0
      , aurangabad
      Reviewed on Aug 25, 2015
    • Home Loan
      "Reliable and easy"
      IDBI BANK
      0.5 4.0/5 "Great!"
      It was a much better process for my Home loan with IDBI Bank when compared to Tata capital. Though there were hiccups in between but it was better process. The rate of interest was pleasing. They also offered a reasonable processing fee.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 24, 2015
    • Home Loan
      "Less paper work"
      IDBI BANK
      0.5 4.5/5 "Excellent!"
      I took Home Loan from IDBI Bank in 2006. The loan is at floating interest rate and bank keeps me informed about the revisions done by RBI. The operation staff of IDBI is excellent. They do not keep me waiting for more than 5-10 minutes for any documents. They are extremely fast and the expected documents are provided in no time.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 22, 2015
    • Home Loan
      "Very good "
      IDBI BANK
      0.5 5.0/5 "Blown Away!"
      I have taken a Home loan with IDBI and the process was really good.They required the loan documents from the builders and collected less documents form the customer.They have made a best team work in providing loan to customer.They change the norms very immediately based on the RBI changes.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Aug 11, 2015
    • Home Loan
      "Not so good.."
      IDBI BANK
      0.5 1.0/5 "Really Bad"
      There was some confusion in tenure and in emi calculation when home loan was transfered to IDBI bank. Previously I have opted the home loan with non banking sector and its been taken over by IDBI but not yet received the letter regarding calculations. On customer point of view interest rate is on higher side in IDBI but charges are similar to other banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 30, 2015
    • Home Loan
      "Good!!!"
      IDBI BANK
      0.5 4.0/5 "Great!"
      I am done with the Emi that was offered by Idbi Bank. The processing time, it was okay. It took around 14 days for the completion of whole process. The customer service is good. Interest rate was similar as other banks. Other wise I was not charged for anything in terms of Home loan.
      Was this review helpful? 1
      , pune
      Reviewed on Jul 28, 2015
    • Home Loan
      "Fantastic"
      IDBI BANK
      0.5 4.0/5 "Great!"
      I had the home loan with the IDBI bank.The rate of interest was 10.25% on the 2010.The services are really good with them.Charges are very nominal with them like 1% as around.I already closed the loan.Within a month I got the documentation from the bank after I settled the loan.
      Was this review helpful? 1
      , pune
      Reviewed on Jul 25, 2015
    • Home Loan
      "Good!!!"
      IDBI BANK
      0.5 3.5/5 "Pretty good"
      Before four year I took a home loan from Idbi Bank. Had a good experience with them. The customer service is good. When the time I applied for home loan I found the interest rate and processing fee is bit high but its okay. So within a month I got my loan amount, paper work was good and I have no feed back as such.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 22, 2015
    • Home Loan
      "Good"
      IDBI BANK
      0.5 3.5/5 "Pretty good"
      The services offered by the IDBI bank was good for the home loan. It took only a week for the loan to get disbursed. It was a very fast verification process that took place and also only limited number of documents were asked by this bank. It would be nice if they are aligned with the market in terms of the interest rates.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 21, 2015
    • Home Loan
      "They are good"
      IDBI BANK
      0.5 3.0/5 "Satisfactory"
      I have got the home loan with the IDBI bank.I was took up around 9% as the rate of interest at that time.They asked around 11000 Rupees as the processing charges.Normally home loan took some time to disburse because of the background verification and property inspection.They asked to get the mandatory insurance with them and I can say its good for me.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 18, 2015
    • Home Loan
      "Its okay"
      IDBI BANK
      0.5 3.0/5 "Satisfactory"
      I have taken a housing loan from IDBI Bank. There was no hassle with them, they were asking for too many documents and finally I spoke with the Managers and it was sorted out. Though the former part was complicated later everything was smooth. This loan is a taken on a joint name and nothing unique about it.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jul 15, 2015
    • Home Loan
      "Good"
      IDBI BANK
      0.5 4.0/5 "Great!"
      I have taken my home loan with IDBI Bank. The whole process for the loan went through smoothly. Very quick services. The loan was disbursed within seven days. I also got a good rate of interest. It is of 10% (Floating). The total duration of my loan is for 20 years. They did not take a processing fee from me.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 14, 2015
    • Home Loan
      "Wonderful"
      IDBI BANK
      0.5 5.0/5 "Blown Away!"
      I got the home loan with the IDBI bank.The rate of interest was 10.0% and its the floating.So , According to the change in the Repo rate it might be got reduced and increased.The processing charges are waived off.The services are really better with them.Continuous followup has been done nicely.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 04, 2015
    • Home Loan
      "Good"
      IDBI BANK
      0.5 5.0/5 "Blown Away!"
      The services offered by IDBI Bank was good for the home loan. I am happy to say that they had approved me loan for the property which I had finalized but the other banks did not. It hardly took 7 to 10 days for the loan disbursement. The documentation process was very easy, since they needed only few documents.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 03, 2015
    • Home Loan
      "Good!!!"
      IDBI BANK
      0.5 4.0/5 "Great!"
      I availed home loan from IDBI bank a month ago .The service rendered was good. The agent visited my home town and they educated us on each and every details. I found the interest rate is normal as other banks. Service is good. Processing fee is normal. My home loan got approved within 20 days.
      Was this review helpful? 2
      , jaipur
      Reviewed on Jul 02, 2015
    • Home Loan
      "Very Good "
      IDBI BANK
      0.5 5.0/5 "Blown Away!"
      I felt the home loan process was really simple with IDBI Bank and I didnâ??t face any complication throughout the process.They took around 15days for the loan disbursement process and the interest rate offered was really good with nil charges applied for this loan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 01, 2015
    • Home Loan
      "Excellent"
      IDBI BANK
      0.5 5.0/5 "Blown Away!"
      I had a excellent experience with IDBI while I got this home loan and it was easy to get this loan.The customer service provided was good and the interest rate offered was on the average side.They have waived off the processing fee and I would say it was a overall very good.
      Was this review helpful? 2
      , wardha
      Reviewed on Jun 22, 2015
    • Home Loan
      "Good"
      IDBI BANK
      0.5 5.0/5 "Blown Away!"
      I have a home loan with IDBI Bank. I got everything done by the builder, he took all the documents and the whole process was fast. The rate of interest offered was of 10.5% (Fixed) for 15 years. The service was good from the bank and the response was prompt too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 17, 2015
    loading
    Page 1 of 6 1 2 3 4 5
    Thank you for the feedback.
    Make a suggestion or report a bug
    • Like us? Spread the word
    • Broadcast your feedback via Facebook Twitter
    • or Cancel
    • View our privacy policy

    Contact Us on Mail
    Facebook
    reTH65gcmBgCJ7k - pingdom check string.
    This Page is BLOCKED as it is using Iframes.