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 96 users
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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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    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 06 Jul 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 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

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    IDBI Bank Home Loan Reviews

    86 % of our customers would recommend this bank. (83 out of 96) Write Review
    Customer Reviews
    Page 1 of 5 1 2 3 4 5
    • Validated User
      (0)

      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.

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

      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.

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

      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.

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

      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.

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      jyoti took a Home Loan from IDBI BANK Reviewed on
    • Validated User
      (1)

      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.

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

      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.

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      sanjay took a Home Loan from IDBI BANK Reviewed on
    • Validated User
      (1)

      I have applied for a home loan with IDBI and the application process is in the last stage.I feel the documentation process is really complicated with the bank they make the customers wait for long time.I was traveling each time to Patna for completing the documents process.They took around a month to process the application and the interest rate offered was very less which is around 9.5%.

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

      While getting a home loan with IDBI there was a agent who came for document collection and he was the one who collected the processing fee.I feel the bank should call from the customer service and before they send a personal they should intimate customer about the charges since they are not doing this the agents are collecting extra charges from the customers.They have made the Insurance as mandatory which was not informed at the time of loan application.

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

      I took my home loan with IDBI bank four months back. The process was fast and easy with them, my documents were collected on time and the whole process was made easy. I got a loan amount of 36 Lakhs sanctioned with an interest rate of 10.25% and now its been reduced to 10%.

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

      I got a loan with IDBI before 6years and the process was really good and still the loan process gets completed I didnâ??t face any issue.The customer service provided was really good and interest rate offered was really good for that period of time.

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

      Service is not that good when it comes to IDBI Housing loan. As they were asking for many documents one after the other. They did not confirm about the documents before hand. However they finally some how managed to offer the loan.

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      priyesh took a Home Loan from IDBI BANK Reviewed on
    • Validated User
      (1)

      I got the home loan with IDBI bank.The rate of interest is 10% and that was very low when compared with other banks.The processing fee is very low and I took the capital of around 8 lakhs.Customer service is good.The documentation is tedious from them and that needs to be improve.

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

      I was very happy to take my home loan with IDBI as I got my loan sanctioned with 15days. I also got a quote lesser than other banks. I suggest they need to improve more on their responsiveness as I had to go over to the bank for submitting my documents.

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

      I had taken home loan with IDBI. Interest rate is less compared to HDFC limited. But one thing is like they delayed more in processing the loan. It took about 1 month for the disbursement. Other than this I had good response , documentation was good and smooth.

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

      IDBI gave good services and gave god response in resolving queries. To complete paper works, the officers came my place. Interest rate is less than other banks for home loan. I have taken insurance against the home loan and this is not actually the mandatory one but I took it because benefits are so good.

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

      I am happy with IDBI bank the only thing is the customer service is poor. I suggest that the online portal has to be improved and the customer service and the response should also be improved by IDBI. Documentation was little clumpsy, the one document was asked many time so that can be improved. The processing time was quite slow, it took one month to complete.

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

      I got the home loan with IDBI bank for the rate of interest as 12.5%.The interest rate what they provided to me was very cheap on that time.They came to my place and collected the documents.It was 20 years tenure period but I closed it in 5 years and there is no foreclosure charges.

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

      The service offered by IDBI Bank was good. The sanctioning time taken by the Bank was very less compared to HDFC. And within 15 days my loan got disbursed and there was only less number of documents asked by the Bank. The best part about the Bank is, there is no processing fee charged.

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

      IDBI has approved the loan amount of 50lakhs that I was expecting. Out of 50 lakhs, they deducted around 12 to 15k for some service charges. I would say interest rate for home loan is high. IDBI have solution for customer queries and they resolve it as faster. Just they took 20 days to transfer the funds.

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

      The home loan from IDBI Bank is good. I had taken from this Bank as it was a known bank by the builder and my project has been approved by this particular bank. It took only 7 days for my loan to get disbursed and the response was very quick. It was only basic legal documents asked by the Bank.

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