IDBI Home Loan - Rates and Eligibility

IDBI Bank, a private sector financial institute in India, is offering attractive home loan options. Home is always a special place in every person’s life. It is the place that offers shelter while sharing plenty of precious moments with family members. It is a place that offers some unique sense of belongings. IDBI Bank offers attractive hassle-free home loan schemes to fulfill that long cherished dream of owning a beautiful home. The ultra-flexible home loan scheme from IDBI Bank makes it easier for clients to fulfill their dream. Purchasing that dream house never looked so much easier.


IDBI home loans can be availed for purchasing an already constructed house/apartment/flat, construction of a house property, or even refinancing existing loans taken at an earlier time from some other housing finance institutes or banks.


Let’s focus at the advantages of Ultra Flexible Home loan Scheme from IDBI:


  • Maximum funding

  • Flexible option to choose from fixed or floating interest rate

  • Attractive interest rates

  • Easy Monthly Installment scheme on a Daily Reducing Balance scheme

  • Personalized doorstep service

  • Simple & less complicated documentation procedure

  • Legal & technical assistance

  • Balance transfer facility


  • Reassessment & adjustment of the loan eligibility criteria for applicant in case there is a change in income status or residential relocation


    Features of IDBI ultra-flexible home loan:


    The maximum tenure for home loan repayment can be 20 years. The applicant needs to be a resident of India. He/she can either be salaried or self-employed professional. For NRIs, the maximum tenure for loan repayment is 15 years. Also, the applicant should not pass the maximum age limit of 65 years during termination of loan.


    In normal circumstance, home loans from IDBI bank can be applied for maximum amount that is 80% of the total property value. But, home loan amount up to a maximum of 20 Lacs INR is eligible for 90% of total property value. Usually, loan quantum amount is fixed by the bank authority while judging the overall repayment capacity of customer.


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