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  • IDBI Bank home loan interest rate starts from 8.95% p.a., with loan tenures of up to 30 years with easy repayment options. IDBI Bank offers housing loan amount of up to Rs.10 crore. The IDBI Bank home loan processing fee is waived off for inward balance transfers and PMAY cases. The bank also offers its housing loan through the affordable PMAY scheme to take advantage of it. The bank levies zero foreclosure charges for a floating rate of interest home loans. To make your repayment options easier, IDBI offers different types of home loans to suit your needs. 

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    We found 1 IDBI Bank Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.35% - 8.65% Floating
    -
    5L - 10Crs
    30 Years
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    IDBI Home Loan Details

    The maximum home loan tenure that you can enjoy is 30 years, if you are a salaried employee. In case of self-employed professionals and self-employed non-professionals, the maximum tenure stands at 20 years.

    Updated as per Latest Rates on 06 Dec 2019
    MCLR Rate 9.50%
    Loan Amount Up to 90% of the market value/property cost
    Processing Fees Rs.2,500 – Rs.5,000
    Penal Interest Rate 2% p.a.
    Prepayment/Foreclosure Charges Nil for individuals
    Max Tenure 30 Years
    Rate Packages Available Floating

    Know more about the home loan fees and charges before you apply for a loan.

    IDBI Home Loan Interest Rates

    The IDBI Home Loan interest rate and Scheme for financing semi urban/rural housing interest rate are linked with the 6-month MCLR. The Home Loan Interest Saver rates and the IDBI Neev rates are linked with 1-year MCLR. The interest rates offered by IDBI with its home loan schemes are mentioned below:

    IDBI Home Loan Schemes Interest Rate for Salaried Individuals (p.a) Interest Rate for Self-Employed Individuals (p.a)
    IDBI Home Loan 8.75%-9% 8.8%-9.15%
    Home Loan Interest Saver (HLIS) 9.3% 9.3%
    IDBI NEEV 9.4%-10.2% 9.4%-10.2%
    Scheme for Financing Rural/Semi Urban Housing 8.75% 8.85%

    IDBI Home Loan Schemes

    IDBI Bank offers housing loans to eligible borrowers at interest rates starting from 8.75% p.a. The extended loan tenures up to 30 years coupled with EMIs as low as Rs.787 per lakh ensure a comfortable loan repayment period.

    The processing fee applicable on these loans' ranges from Rs.2,500 to Rs.5,000 plus applicable taxes depending on the loan amount being availed. Simple documentation, quick processing and a full waiver of prepayment/foreclosure charges make IDBI Bank home loans.

    IDBI Bank Home Loan

    • Customised feature-filled housing loans for salaried and self-employed borrowers (including NRIs)
    • Attractive interest rates
    • No charges on prepayment/foreclosure of the loan
    Loan Slab Salaried Borrowers Self-employed Professionals and Non-Professionals
    Up to Rs.35 lakh 8.75% p.a. 8.80% p.a.*
    Above Rs.35 lakh and up to Rs.75 lakh 8.90% p.a. 8.95% p.a.*
    Above Rs.75 lakh 9.00% p.a. 9.05% p.a.*

    Note:

    1. *The interest rate for self-employed women borrowers will be set 0.05% lower
    2. Processing Fee: Up to Rs.5,000 plus applicable taxes

    IDBI Bank NRI Home Loan

    • Competitive interest rates on floating rate loans
    • Maximum loan tenure of 30 years for salaried NRIs
    • Full waiver of foreclosure/prepayment penalties

    IDBI Bank Home Loan Calculator

    Calculate your EMIs payable towards your loan by using the BankBazaar IDBI Bank Home Loan EMI Calculator. All you have to do is key in a few basic parameters such as the loan amount being availed, applicable interest rate, tenure and the processing fee. The automized tool will consider the values entered and calculate the monthly instalments payable against your housing loan.

    The EMI calculator also gives you a breakup of the total amount payable during the entire tenure along with a detailed amortization schedule illustrating your debt repayments over the loan term.

    IDBI Bank Home Eligibility Criteria

    Eligibility Criteria Requirement
    Age Applicant:
    • Minimum Age: 22 years
    • Maximum Age: 70 years
    Residency Status
    • Resident Indian
    • Non-Resident Indian (NRI)
    Type of Employment The applicant can be:
    • Salaried
    • Self-employed professional
    • Self-employed non-professional

    Document Required for All Home Loan Applicants Under IDBI Bank

    Identity Proof (any one)
    • Valid Passport
    • Voter ID
    • Aadhaar Card
    • Driving License
    • PAN Card
    Proof of Residence (any one)
    • Copy of Utility Bills
    • Driving License
    • Passport
    • Voter ID
    • Aadhaar Card
    Proof of Income
    • Latest Form 16 or Income Tax Returns
    • Bank account statements for the last 6 months
    Other Documents
    • Duly filled and signed loan application form with passport size photographs
    • Processing fee cheque in favour of the bank

    IDBI Bank Pradhan Mantri Awas Yojana

    IDBI Bank offers financial assistance for housing needs of the urban poor under the Pradhan Mantri Awas Yojana (PMAY). The Credit Linked Subsidy Scheme (CLSS) under PMAY benefits applicants from the Economically Weaker Section (EWS) and Low-Income group (LIG) categories by offering term loans at an interest subsidy of up to 6.50%.

    In order to be eligible under CLSS, the beneficiary or any his/her family member should not be owning a pucca house under their name in any part of the nation.

    The maximum annual household income for EWS category in order to be eligible for central assistance under the scheme is restricted to Rs.3 lakh. On the other hand, for LIG category, the maximum household income of the beneficiary family should not be more than Rs.6 lakh.

    IDBI Bank Home Loan Resource Centre

    IDBI Bank Home Loan FAQs

    1. How is my home loan eligibility determined?

      Banks determine your eligibility for a loan by taking various aspects such as your age, monthly income, number of co-applicants, employment stability, credit score and any liabilities such as other ongoing loans if any.

    2. What is the maximum loan amount I can avail?

      IDBI Bank offers eligible borrowers housing loans up to Rs.10 crore at competitive interest rates.

    3. What is the maximum loan repayment tenure offered by the bank?

      The maximum repayment tenure for salaried borrowers (including NRIs/PIOs) is up to 30 years. On the other hand, self-employed borrowers can avail home loans for a maximum loan term of up to 20 years. However, the bank can also choose the tenure you are eligible for at the bank’s own discretion.

    4. 4. What is the interest subsidy offered to beneficiaries under PMAY?

      An upfront subsidy of up to 6.50% is applicable as per the housing loan scheme’s pricing structure.

    5. 5. What is the maximum loan amount I can avail for CLSS under PMAY?

      The maximum amount that you can avail under the scheme depends on the bank’s existent housing loan scheme. However, you can avail the subsidy on the loan only for the initial Rs.6 lakh.

      

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    IDBI Bank Home Loan Reviews

    • IDBI Home Loan
      "Easy loan approval"
      0.5 5.0/5 "Blown Away!"
      I have been taken a home loan from IDBI bank. The loan amount was Rs. 5,60,000 and monthly emi i am paying of Rs.4903. I received the loan within 10 days. Customer service and responsiveness was good. There is no preclosure charges, over all its good.
      Was this review helpful? 1
      , surat
      Reviewed on Nov 19, 2019
    • IDBI
      IDBI Home Loan
      "Best home loan"
      0.5 5.0/5 "Blown Away!"
      Rate of interest is less and its a government bank so i have selected the IDBI bank for my home loan. I bought the loan amount of Rs. 18 lakhs with ROI of 8.85% . They took 1 month to complete the documentation process. Since its a land with construction loan, they are transferring the money partially. Now I'm paying the EMI amount of Rs. 5500. I need to pay the EMI amount of Rs. 19600 for the tenure period of 18 years.
      Was this review helpful? 2
      , chennai
      Reviewed on Oct 29, 2019
    • IDBI Home Loan
      "Need improvement"
      0.5 3.5/5 "Pretty good"
      I took a home loan in IDBI before 6years because I got an approval from Nationalized bank so proceeded further. In Bangalore, they split up the property into A & B and my property belongs to Btype, the chances are less for loan and that time IDBI came forward to provide a loan which I have utilized. They did not inform me about MCLR which is interest type can be changed to floating from fixed but after one year it got converted which I came to know my neighbor and there was no intimation from IDBI bank.
      Was this review helpful? 4
      , bangalore
      Reviewed on Oct 19, 2019
    • IDBI Home Loan
      "Not happy with the charges"
      0.5 2.0/5 "Expected more"
      I have taken a housing loan with IDBI BANK before many years ago to purchase the land and I felt, its not so customer friendly. The processing fee is applicable and its on higher side. I had foreclosed the loan and they have charged me very high like 3% on the outstanding amount.
      Was this review helpful? 4
      , jaipur
      Reviewed on Aug 21, 2019
    • IDBI Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied for IDBI Home Loan which was applied through Bank directly.The rate of interest and the processing fee was nominal and got the loan on time .I have got all the details about the loan process very clearly .I have not yet faced any issues while submitting the documents .I have applied for the loan amount of 30lakhs for the tenure of 25 years .The loan is still active and the service was really good .
      Was this review helpful? 4
      , thiruvananthapuram
      Reviewed on Aug 12, 2019
    • IDBI Home Loan
      "Quick process"
      0.5 4.5/5 "Excellent!"
      Within 15 days, i have got my home loan from IDBI bank. The rate of interest is 8.4% which is the best in the market hence i have bought the home loan with IDBI. They have charged me a processing fee which is a nominal one. I have chosen the tenure period of 22 years. The documentation process was fine.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 20, 2019
    • IDBI Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I ahve applied for Home loan through IDBI Bank only.This loan is still active ,I have applied for the loan amount of 22lakhs for the tenure of 20years ,The rate of interest and the processing fee was less I have got the loan amount on time and it was sufficient as well ,I have got all the details about the loan process through the agent .
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 27, 2019
    • IDBI Home Loan
      "Good"
      0.5 2.5/5 "Just OK"
      I have chosen IDBI home loan loan amount 23.5 lakhs, Tenure is 15 years Rate of interest is 8.75 percentage. one time fee Rs 6000, EMI 23,400. While documents submitted executive he given clear information about loan there is no delay disbursal loan amount.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 21, 2019
    • IDBI Home Loan
      "Easy process & Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have a home loan with IDBI BANK because the rate of interest is very good. The processing fee was applicable and they have sanctioned the same loan amount what I requested for. The loan tenure is 25 years and have done 24months EMI. I have purchased a residential property.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 18, 2019
    • IDBI Home Loan
      "Best loan experience"
      0.5 5.0/5 "Blown Away!"
      IDBI housing loan process is very easy, I submitted KYC, address proof, form 16, property documents. The bank taken only 15 days of time to sanction the amount after collecting the papers. I took Rs. 16.5 lakhs for the duration of 20 years, the interest rate is very lesser around 8.5% its better in the market.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 12, 2019
    • IDBI Home Loan
      "GOOD"
      0.5 3.0/5 "Satisfactory"
      The home loan has been taken with the IDBI BANK where i am using it since from last 6 months also the documentation process was simple and smooth to get the loan. The loan amount released on partial basis and i got the loan within 30 days. The rate of interest was higher in this loan.
      Was this review helpful? 3
      , mumbai
      Reviewed on Jun 04, 2019
    • IDBI Home Loan
      "Need overall improvement"
      0.5 2.0/5 "Expected more"
      I have housing loan in IDBI, the interest rate was very higher around 9.1% but still its floating if we see other bank they are charging only 8.7% , I took Rs.30 lakhs for the duration of 20 years, they taken insurance fee and processing fee. The customer support is not transparent, the interface is very difficult to understand.
      Was this review helpful? 2
      , coimbatore
      Reviewed on May 16, 2019
    • IDBI Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I had taken a Home Loan from IDBI a while back and the process in getting this loan has been fine. The loan amount also had been sufficient, but the interest rate with them has been increasing every month where they had not informed about it. When the interest rate with the loan was decreased we had to pay some fees for that as well.
      Was this review helpful? 3
      , hyderabad
      Reviewed on May 08, 2019
    • IDBI Home Loan
      "Good in all"
      0.5 5.0/5 "Blown Away!"
      My home loan is with IDBI. There were no hassles in the process. The documentation process is good. It is the same as other banks. The rate of interest and processing charges is also fine. The after loan services are good too. It has been a good process and I got the loan on time.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 06, 2019
    • IDBI Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I hold my housing loan with IDBI bank from long time, their service was good, the loan came on time without making any delay, the loan amount which they have given me was good based on my requirement, the rate of interest they have charged me was nominal , they have charged me up to 8.5% which was nominal, it depends due to deposit of lumpsum amount then my tenure period will reduces. they have charged me nominal processing fee, still this loan is running.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 30, 2019
    • IDBI Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have applied for the housing loan with the IDBI BANK the documentation process was quick and done on time. They have given the good loan amount the rate of interest was 8.7% which was a fixed. There was a processing fee, the duration for repaying is for 15 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 22, 2019
    • IDBI Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I took housing loan with IDBI bank for an while, the loan amount which they have given me was good, it was sufficient based on my requirement, the rate of interest and their processing fee which they have charged me was nominal, AS it is government bank their service is not that up to the mark, but the interest rate was less so i applied.
      Was this review helpful? 2
      , mumbai
      Reviewed on Apr 17, 2019
    • IDBI Home Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      I have applied for the IDBI BANK housing loan and they have given the rate of interest which was higher than others which they need to decrease. The process was quick and they have given the satisfactory loan mount. The duration for repaying the loan is 20 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 15, 2019
    • IDBI Home Loan
      "Instant loan approval"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan from IDBI BANK the loan amount was Rs. 32,00,000 . I am happy with the rate of interest is 8.8%. There is no preclosure charges. I received the loan amount within 7 working days. Documentation is very simple executive collected the documents. Customer service and responsiveness is good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Apr 09, 2019
    • IDBI Home Loan
      "Till date no issues"
      0.5 5.0/5 "Blown Away!"
      My home loan is with IDBI Bank. There were no hassles in the process. The documentation process is good. The rate of interest and processing charges is also fine. The after loan services are good too. It has been a good experience and I got the loan on time.
      Was this review helpful? 2
      , chennai
      Reviewed on Apr 05, 2019
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