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  • IDBI Home Loan Eligibility

    IDBI Bank home loan eligibility is based on criteria that ranges from the age of the applicant to their income and assets. The bank offers a wide range of home loan products that cater to specific requirements and offer flexible loan repayment options with attractive interest rates. There is a maximum repayment tenure of 30 years and customised home loan features.

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    We found 1 IDBI Bank Home Loan Eligibility Calculator
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    7.15% - 8.65% Floating
    0.50% One time fee
    Rs.5L - Rs.10Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges

    IDBI Bank Home Loan Eligibility Criteria

    The home loan eligibility criteria for IDBI Bank are as given below:

    Age For salaried individuals: 22 years at entry and 70 years or retirement age, whichever is earlier
    For self-employed professionals and self-employed non-professionals: 25 years at entry and 65 years at the end of loan
    Employment Type Salaried individuals
    Self-employed professionals
    Self-employed non-professionals

    IDBI Bank Home Loan Eligibility Based on Salary

    The income of the applicant plays a decisive factor in the home loan eligibility. The IDBI Bank home loan eligibility calculator given below displays the loan amount that you are eligible for based on different ranges of monthly income. These are calculated based on a repayment tenure of 30 years with an interest rate of 7.15% p.a. (which is the starting interest rate for IDBI Bank’s home loans). The interest rate is linked to the Repo Linked Lending Rate (RLLR) and are floating rate.

    Monthly Income Loan Amount
    Rs. 25,000 Rs.14,80,589
    Rs. 30,000 Rs.19,98,796
    Rs. 35,000 Rs.23,31,928
    Rs. 45,000 Rs.29,98,193
    Rs. 50,000 Rs.33,31,326
    Rs. 55,000 Rs.40,71,621
    Rs. 60,000 Rs.44,41,768
    Rs. 65,000 Rs.48,11,915
    Rs. 70,000 Rs.51,82,062
    Rs. 75,000 Rs.55,52,210

    IDBI Bank Home loan Eligibility Based on Age

    IDBI Bank’s home loan repayment tenure goes up to 30 years. The earlier a home loan is availed, the longer the repayment tenure will be and vice versa. Given below is the maximum eligible tenure according to different ages.

    Applicant’s Age Maximum Eligible Tenure
    21 years to 30 years 30 years
    31 years 29 years
    32 years 28 years
    33 years 27 years
    34 years 26 years
    35 years 25 years
    36 years 24 years
    37 years 23 years
    38 years 22 years
    39 years 21 years
    40 years 20 years
    41 years 19 years
    42 years 18 years
    43 years 17 years
    44 years 16 years
    45 years 15 years

    IDBI Bank Home Loan Eligibility Based on Credit Score

    Your home loan eligibility is dependent on your credit score. The higher your credit score, the lower your interest rate and vice versa. Here are the ratings for different credit scores:

    Rating Credit Score
    Good 750 and above
    Average 600 - 750
    Poor Below 600

    Note: The eligibility criteria for women are the same as for other applicants.

    IDBI Bank Home loan Eligibility for Co-Applicant

    IDBI Bank accepts co-applicants if they are the applicant’s spouse.

    Factors Affecting IDBI Bank Home Loan Eligibility

    IDBI Bank home loan eligibility is determined by the factors given below:

    • Applicant’s age
    • Applicant’s credit score
    • Job continuity or business stability
    • Applicant’s salary or income source
    • Indian citizenship status
    • Repayment capacity
    • Assets and liabilities

    IDBI Bank Home Loan Eligibility FAQ

    1. How to check IDBI Bank home loan eligibility?

      You can easily check if you are eligible for a IDBI Bank home loan by using the free online home loan eligibility calculator or you can also visit the nearest branch.

    2. Are NRIs eligible for IDBI Bank home loans?

      Yes, NRIs are eligible for IDBI Bank home loans.

    3. How can I increase my chances of being eligible for IDBI Bank’s home loan?

      You can increase your chances of being eligible for a IDBI Bank home loan by adding a co-applicant who has a good source of income and credit score and fits all other eligibility criteria.

    4. What is the maximum loan amount I am eligible to get under IDBI Bank’s home loan schemes?

      The maximum loan amount that you are eligible to obtain is dependent on a variety of factors such as your income, the property value, your repayment capacity, existing assets and liabilities, etc. However, the maximum loan amount that the bank offers to anyone irrespective of these is up to Rs.10 crore for a home loan.

      

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