IDBI Home Loan

IDBI Home Loan
 4.0 / 5.0   by 32 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

01
02
03
04
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
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 20 Sep 2014

IDBI Home Loan Details
Interest Rate (Monthly reducing balance) 10.25% (BR+0.00%) to 10.40% (BR+0.15%) Floating
Processing Fees 0.50% of the loan amount
Loan Tenure 1 year to 30 years
Partial pre-payment Charges Nil
Pre-closure Charges Within 6 Months- 2%-3%
After that nil.

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News about IDBI Home Loan


IDBI Home Loan Reviews

97 % of our customers would recommend this bank. (31 out of 32) Write Review
Customer Reviews
Page 1 of 2 1 2
  • 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.

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

    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 on BankBazaar.com 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
  • Validated User
    (0)

    IDBI saving Account the home branch customer service way is great, ATM service is good, thing is on line banking is not comfortable to me, other bank FD, RD i can close and open, but here on line RD, FD i cannot close i need to visit the branch apart from that everything is good, i am using from past 3 years.

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

    IDBI Home Loan service is not good, for home loan the response was not so good, field executive and staff are not much knowledgeable, Silly mistakes is their where in bank level that should not be happen, i provided everything but address wrongly updated, sales manager what they commit they did not do that, process was fast, they provide good finance, starting i asked what all charges but later they took extra charges.

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

    I did not face any issues with IDBI home loan I have already opened an account i have take a loan with IDBI and I am satisfied with IDBI they are providing low interest rate because I am a account holder my current interest rate is 10.25% so they have given a loan of 10.10%.

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

    I applied for the Housing loan from IDBI Bank the processing and the documentation was very simple and it was transparent and the customer service executive was very friendly and updating the status of the loan and the whole process got completed in ten days and the EMI was affordable.

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

    I applied for a housing loan from IDBI bank the processing and the documentation was very simple and the customer service executive took the initiative in updating me the status of the loan and unfortunately i forgot the executive name and the whole process got completed in one month and the EMI was affordable.

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

    Had an excellent experience of availing a home loan from IDBI bank last month. Documentation was clean and the processing was much fasted completed in just 7 days. Basically all the services of IDBI bank are good and the rate of interest was quite fine. Best part is no processing fees.

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

    I applied for a Housing loan with IDBI bank i had a very disappointing service with this bank the processing and the documentation they took very long time the customer service executives respond was not good and the interest rate is good but needs to improve a lot on the procedure and the customer service.

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

    when you switching your loan amount transfer bank ask for documentation verification which other bank wont allow. this is very frustrating when this rules comes out in a last moment. very afraid with idbi home loan balance transfer procedure.

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    took a Home Loan from IDBI BANK Reviewed on
Customer Reviews
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