IDBI Home Loan

IDBI Home Loan
 4.0 / 5.0   by 40 users
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Fees & Charges

Promised Interest Rate

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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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02
03
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IDBI Home Loan Minimum Age

At least - years old

IDBI Home Loan Maximum Age

Less than - 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
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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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02
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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 31 Oct 2014

IDBI Home Loan Details
>
Interest Rate (Floating) 10.25% to 10.40%
Processing Fees 1% of the loan amount + applicable tax
Loan Tenure 30 years
Pre-closure Charges Nil

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News about IDBI Home Loan


IDBI Home Loan Reviews

98 % of our customers would recommend this bank. (39 out of 40) Write Review
Customer Reviews
Page 1 of 2 1 2
  • Validated User
    (1)

    I have availed Home loan with IDBI bank recently and they did not ask much documents for the process. I have submitted less documents to the executive and especially there is no processing fee at all. The representatives are very much aggressive and the home loan process with them was hassle free. Actually there was some delay of two days from my end but IDBI bank has taken only 5 days to process the loan. My suggestion for IDBI bank is that they could improve on their customer service. To say in concise the process was faster and combustion free.

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

    IDBI Bank offers the best loan services, as I have never ever experienced this before , I have taken a housing loan from IDBI Bank. I got my sanction letter within a weekâ??s time, they were able to provide the funds in the next few days. Staff were extremely co-operative and knowledgeable. They procedure and formalities are quite similar to other Banks however the way they work matters a lot and they are exceptional.

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

    I had availed a home loan from IDBI best part is they use to send regular message for EMI due date. Interest rate was 9.75% when I got the loan and now I am paying 10.75% which is bit high. I got loan approval in 30 days their was nothing wrong from their end, Overall it was neat process.

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

    I had availed a home loan of rs20 lakhs from IDBI bank and I had closed the loan within the first 6 months. The processing was fast and completed within 12 days of time. They offered me an interest rate of 10.5% however they don't have a good customer service and also ther response was not that good.

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

    It was overall a good experience of availing a home loan from IDBI bank last month. I first contacted the customer service of IDBI for a home loan. They have sent a person to my place for collecting the documents and my loan was disbursed after 1 week of processing at a rate of interest around 10.25%. There was a slight delay in processing because of the co-applicants signature.

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

    The processing time was very less with the IDBI Bank when i applied for the housing loan. The documentation was very minimum and the customer service executive Mr Novnath who took the initiative in updating me the status of the loan. I got the loan amount disbursed in 12 days.

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

    It was a great experience of availing a home loan IDBI. Actually the builder of the property have a tie up with IDBI therefore it was quite easy for me to avail the loan. After the documentation process completed my loan was sanctioned within 10 days of time and the amount is yet to be disbursed. They offered me a loan of rs18.25 lakhs at a rate of interest of 10.25%.

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

    IDBI Bank housing loan the customer service executive Mr Paresh Akulkar he was updating me on the loan status from the day one till my loan got disbursed. The processing and the documentation was little complicated however the loan got disbursed in one month.

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

    The processing of my home loan is almost completed with IDBI bank and I am expecting the sanction letter in a day or two after two weeks of processing. The documentation & verification part are pretty much simple. Best part is there was no processing fee at all and the response was excellent. I think the rate of interest could be reduced from 10.25%.

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

    IDBI Home loan already i have applied and got loan from them so i did felt any difficulty this time in getting home loan, they did not require any documents, they have not taken any charges including processing fee everything is waived off. Interest rate was 10.25% it was bit high when compare to market price, but the procedure is very quick. I would suggest they need improve on customer service part.

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

    IDBI bank is very good Bank in respect of Customer service. their customer service executives are taking follow up like any thing with us (It is good thing), interest rate is quite high rate, but the service they provide is very good, Limit sanction is very comfortable

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

    Home Loan with IDBI Bank the customer service guided me well and they were very helpful, since i was having issue in cybil score less they helped me lot in terms of sending mails, they were very supportive to me. Interest rate was around 10.25% which is very less compare to other banks with 10 tenure fixed, with in 1 month i got loan approval but their was delay from my end only, overall it was great experience.

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

    IDBI Bank housing loan: The executive who called me from the IDBI Bank was extremely informative and the complete details was provided by the executive. The eligibility in the IDBI bank is higher than the other banks. The documentation was very simple and they did not ask much on the documentation.I am just waiting for the approval from the Bank.

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

    With IDBI bank, we need to keep on following up in terms of loan processing. There is no particular person assigned for me. Interest rate is 10.25% without no processing fees. The only concern is follow up which is difficult however other services are good. Even there is no response from customer service.

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

    IDBI bank was very convenient and having easy documentation. They are having excellent customer service wherein took the initiave in completing the documentation part and updating me on the status of my HOME loan on regular basis. The whole process got completed within six days.Entirely it was a excellent experience

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

    IDBI bank was very convenient and having easy documentation. They are having excellent customer service wherein took the initiave in completing the documentation part and updating me on the status of my HOME loan on regular basis. The whole process got completed within six days.Entirely it was a excellent experience.

    Was this review helpful? Yes

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    Fees & Charges
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    took a Home Loan from IDBI BANK Reviewed on
  • Validated User
    (0)

    IDBI not contacted through Bankbazaar, contacted personally and got it. Services were satisfactory from this bank, around 10.25% was the interest rate and they were processing charges. I guess after giving my documents, it was 3-4 days for processing.The cooperation was good and was pretty lenient on documentation part and they were not forcing me to submit the documents soon.

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

    Few years ago I have availed a home loan from IDBI. It was a good experience for me because I never had any issues with them. Everything was explained to me in detail about what documents I should submit and the process was very smooth. Disbursement of the loan happened very quickly before the expected time.

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

    In the year 2008 I have availed a home loan from IDBI bank. At that time my builder has arranged the IDBI person to meet me. On the same day all the banking formalities are completing including documentation and my loan was disbursed within a week. Response from IDBI was quite fast however I may not recommend the bank due to high rate of interest and processing fees.

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

    Its excellent and everything is smooth. I got home loan before 4 years from IDBI where didn't have much trouble. Systems were all good, they have proper process and they don't keep us run here and there. Interest rate was 8.25% and now its 11% and no pre payment charges. Everything is systematic with IDBI.

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    took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
Customer Reviews
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