IDBI Home Loan

IDBI Home Loan
 3.5 / 5.0   by 20 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

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
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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 22 Aug 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

95 % of our customers would recommend this bank. (19 out of 20) Write Review
Customer Reviews
Page 1 of 1 1
  • 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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    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
  • Validated User

    I have recently availed a home loan from IDBI bank in the month of Mar'2014. It was really good banking with IDBI and representative who met me for collecting the documents was really helpful in guiding me to complete the loan process. Processing time was just 15 days and the rate of interest offered to me was absolutely lesser than other banks. Best part is there was no processing fees.

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

    I have House Loan from IDBI bank and its great. The payment processing is really good where payment is done with service tax and we get intimated about it so the customers are sure he/she would get a loan but in other banks its time consuming where there are quite formalities like legal documents, technical part then financial part and then the file getting rejected. It could be better if most of the banks follows this.

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

    IDBI HL is overall excellent service within 3 days i got my loan approved the process was so fast and quick i am much satisfied with the service excellent customer service and response i have no suggestion at all overall i am fully satisfied with there service.

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

    The house loan got disbursed from IDBI bank by 25th of April. I liked everything about it and especially about the Rate of interest i would say its more attractive and competitive with the market. They provide highest eligibility for the customers compared with other banks. One more thing i felt happy with this House loan is they provided more than the loan amount what i requested. Overall it was a good service.

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    took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
  • Validated User
    (5)

    I had a great experience in applying the housing loan from IDBI bank the processing and the documentation was very quick and the customer service executive Manisha who took the initiative in completing the process from day one till my loan amount got approved, and the whole process got completed in 15 days.

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

    IDBI Housing loan I would say availing loan from this bank is very easy and the they are quite friendly with the clients, and the processing of the loan is very fast, they did not require any additional documents and the executive name Premananad Kamlay who helped me in completing the whole process from the day one till the loan amount got processed.

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

    I was holding a IDBI Home loan can be more transparent more customer friendly, it could be better if the charges are low and I was experiencing financial crisis unable ton make payment because of which I was charged some charges.I would have felt really happy if they would have reduced the charges however the first part was good where got the loan amount on time .

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

    I got my home loan from IDBI Bank, they gave me a wonderful service and even after disbursement they were in touch with me if check if i have any issues in viewing my account details online.They took 1 month to disburse the loan but still I was fine with it. Follow up was very good from their end and I never had to call customer service at all.

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    took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
  • Validated User
    (3)

    I have a saving account with IDBI Bank,i would say people at IDBI Bank are really good on caring customer and their response was nice they clarify customer queries on time and IDBI gives me a home feeling whenever i step-into their branch ...

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

    I have a salary account with IDBI.Their services are ok and not that good. Since my company wanted me to open account in IDBI, I opened it otherwise i would have approached other banks.They are providing almost all services like other banks and their net banking facility is fine,secured and better than government banks"

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    took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
  • Validated User
    (3)

    Overall i am very happy and satisfied that I got my home loan from IDBI Bank. Their respond to our query so well and get our loan process quick. Their interest rate and processing fees is quite competitive with other Banks when compared in the market.

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