Hello dear readers, hope you are doing well, today we will know about How to get IDBI Home Loan, Eligibility, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.
IDBI Home Loan comes under the category of secured loan. Every person dreams that he has his own house but due to lack of money, he is not able to build or buy a house.
In this situation you can join IDBI Bank Home Loan. In this article we will know that IDBI Bank Home What is the loan, the interest rate of this loan, eligibility, documents and how we can apply for this IDBI Bank Home Loan etc., so read this article till the end.
IDBI Home Loan
Any person can take a home loan to build a house, to buy a house or for home renovation, to buy a plot, etc. IDBI Bank provides home loan to the customers with transparency and quick processing.
Power Pack Customized facilities are provided by the bank as per the home loan facilities of the customer. Government of India Prime Minister’s Housing Scheme Under this you can get subsidy on home loan.
inward balance transfer and Prime Minister’s Housing Scheme Processing Fee is Nil in case of Under IDBI Home Loan, you can get the loan amount up to Rs 10 crore, but the loan amount given under the loan depends on many factors of the customers like CIBIL Score depends on the applicant ‘s income, age, credit history etc. If your income is high and you are able to pay the loan on time, then you can go up to the higher loan amount.
If you belong to IDBI Bank Personal Loan If you want to take advantage of this, then you can click on this link IDBI Personal Loan can apply for
Key Features of IDBI Home Loan
- Loan Name : IDBI Bank Home Loan 2024
- Lending Bank Name: IDBI Bank
- Interest Rate: Starting from 8.50% pa
- Loan Amount: Rs 10 crore
- Loan tenure: Up to 30 years
- Processing Fee: 0.50% of the loan amount, minimum Rs. 2,500
- Application Mode: Online / Offline
- Official Website: https://www.idbibank.in/
Interest Rate of IDBI Bank Home Loan 2024
IDBI Bank home loan interest rate starts from 8.50% p.a. The bank offers many types of IDBI Home Loans. The interest rate is also different in all the loans.
Just like before taking a personal loan, we Personal Loan Interest Rate In the same way, before taking a home loan, we need to know about Home Loan Interest Rate It is necessary to have information about.
If you apply for that loan without knowing the interest rate of the loan properly, then you may have to face problems at the time of repayment of the loan.
| Plain Vanilla Home Loan (Purchase/Construction/Extension) | |
|---|---|
| Category | Rate of Interest |
| Salaried/Self Employed Professional | 8.50% – 10.15% |
| Self Employed Non-Professional | 8.60% – 11.65% |
| Home loan Top Up | |
|---|---|
| Housing Purpose | HL ROI + 20 BPS |
| Suvidha Top up (Non Housing purpose) | HL ROI + 75 BPS |
IDBI Home Loan Benefits and Features
- Norms from other banks/financial institutions :
- minimum period of 6 months.
- Additional fund facility is available in the form of top-up.
- Top up facility up to 100%.
- Maximum loan tenure:
- For Salaried – 30 years
- For Self Employed Professional – 20 Years
- For Self Employed Non-Professional – 20 Years
- Maximum loan amount:
- Rs.30 lakh (up to 90% of the market value/document cost of the property, whichever is less)
- 30 lakhs to 75 lakhs ( up to 80% of the market value/document cost of the property, whichever is less)
- Above Rs.75 lakhs (up to 75% of the market value/document cost of the property, whichever is less)
Other Features of IDBI Home Loan:
- Any person can apply for IDBI Bank Housing Loan.
- You can get as much loan amount as he wants under his repayment capacity.
- Customers do not have to pay any processing fee for taking loans under Inward Balance Transfer and Pradhan Mantri Awas Yojana.
- You can apply for IDBI Home Loan for buying a house, for renovation, for purchase of land for the purpose of house construction, expansion of existing property etc.
- The customer can take this loan with a loan tenure of 30 years.
- facility for the existing customers of the bank.
- Home Loan Subsidy under Pradhan Mantri Awas Yojana.
- In-principle sanction of loan even before selection of property.
- Various types of home loans Home Loan, Home Loan Interest Saver, Home Loan – Top Up, Home Loan – Takeover Facility, Home Improvement Loan, Home Extension Loan, Home Loan – Booking Finance, Loan Against Second Charge / Pari-Pasu Charge and Home Loan-Refinance Facility.
- Flexible Loan Repayment Options.
- You can get loan from anywhere to buy a house from anywhere in India.
Repayment Option
- Phased Repayment Facility: This option is for those young officers who are professionally qualified and are expected to grow in their regular career which will help them to avail loans up to a large loan amount today based on their future income growth. The income growth to be considered under this option is in the range of 6 to 8% p.a. and it will be in the 5 year slab for a 20 year loan.
- Step Down Repayment Facility: Loan Maturity If your income starts decreasing during a certain period of time, then in that case you can choose this option. The main purpose of this facility is to recover more if there is more income. This loan maturity 2 EMIs at different times during leads to This option helps in getting a larger home loan amount by adding up the income of the parents and the child. Retirement of parents under this facility After that their children will pay off the remaining loan. EMI in initial period will be more
- Installment Based EMI: Under this facility, you can start your EMI (Equated Monthly Installment) even before the property is not ready and is under construction stage.
IDBI Bank Home Loan Eligibility
If you are eligible for this loan, then only you can apply for this home loan. You can visit the official website of IDBI Bank Home Loan Eligibility Calculator You can calculate your eligibility with the help of With the help of eligibility calculator, you can find out how much loan amount you can get home loan. To apply for IDBI Home Loan, you should have the following eligibility:
For Salaried (including NRI/PIO):
- The minimum age of the applicant should be 22 years.
- Maximum age should be 70 years (on loan maturity).
For self-employed professionals and self-employed non-professionals:
- of the applicant Minimum age should be 25 years.
- Maximum age should be 65 years (on loan maturity).
IDBI Bank Housing Loan Documents Required
Before applying for IDBI Bank Home Loan, you should keep all your documents together so that whenever the bank asks for documents from you, you can show them all the documents immediately. You need to have the following documents to apply for IDBI Home Loan:
- application form with photo
- Identity Proof (Valid Passport / Voter ID / Aadhar Card / Driving License / PAN Card)
- Address Proof (Copy of Utility Bills / Driving License / Passport / Voter ID / Aadhaar Card)
- Bank statement, latest salary slip of last 3 months
- Tax Returns, Form 16/ ITR
- Last 6 Months Bank Statement Processing Fee Check
IDBI Bank Home Loan Apply
If you fulfill all the conditions of IDBI Home Loan then you can apply for this loan. The customer can apply for this loan both online and offline. Information about the process of applying is given here.
IDBI Home Loan Online Apply
- To apply online, you must first visit the official website of IDBI Bank. idbibank.in
- On the home page of the website, you will get the option of Loans. Home loan option will appear, click on it.
- On the next page, all the information related to home loan will come in front of you.
- You have to read this information correctly, calculate your eligibility.
- you to apply Apply Now An option will appear, click on it.
- On the next page a question will come in front of you – Whether existing A/C holder with IDBI Bank?
- If you are a new customer then you have to click on the option of No and if you are an existing customer then you have to click on the option of Yes.
- The loan application form will open in front of you.
- You have to enter all the information asked in the form correctly and submit the form.
- After that the representative of the bank will contact you and the loan process will be issued further.
How to apply offline ?
- To apply offline, you have to first go to your nearest IDBI Bank branch.
- After that you have to contact the bank employee.
- The bank employee will provide you all the information related to the home loan.
- Your documents will be verified and you will be given a form.
- You have to fill the form and attach the documents and submit it to the bank on the same.
- After that the loan process will be released further.
- If your loan is approved then the loan amount will be transferred to your bank account.
IDBI Bank Home Loan EMI Calculator
Before applying for any loan, you should calculate the EMI (Equated Monthly Installment) of that loan. If you apply for that loan without calculating the EMI of the loan, then you may have to face problems at the time of repayment of the loan. The EMI of the loan depends on three main factors – loan amount, interest rate and loan tenure. Customers can calculate their loan EMI with the help of Home Loan EMI Calculator by visiting the official website of IDBI Bank.
Home Loan Fees and Charges
- Processing fee – 0.50% of loan amount, Minimum – Rs 2500
- Processing fee under Pradhan Mantri Awas Yojana and Inward Balance Transfer – is Nil.
- floating interest Foreclosure charges for availing home loan at interest rate – Nil.
IDBI Home Loan Customer Care Number
If you are facing any kind of problem in applying for this home loan, then you can also apply for loan by calling IDBI Bank Customer Care Number or get more information about the loan:
- Toll Free Numbers: 1800-209-4324 / 1800-22-1070
Conclusion:
In this article we have given you IDBI Home Loan Tried to give complete information about A person who wants to build a house or buy a house or repair a house can apply for IDBI Home Loan.
Any Salaried Person and Self Employed person can apply for this loan. If you face any problem in applying for the loan then you can call on IDBI Home Loan customer care number to get more details.
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FAQs on IDBI Home Loan
Q. What is IDBI Home Loan ?
Ans. Anyone can take a home loan from IDBI Bank to buy, renovate or construct a house or flat.
Q. What is the loan tenure of IDBI Bank Home Loan ?
Ans. 30 years.
Q. What is the processing fee under IDBI Home Loan ?
Ans. 0.50% of the loan amount, minimum Rs.2500.
Q. How to apply for IDBI Bank Home Loan ?
Ans. The complete procedure to apply is given in this article. You can apply for this loan by reading this article.
Q. How much loan can be availed under IDBI Home Loan ?
Ans. Under this home loan, you can get a loan of up to Rs 10 crore.
Q. What is the interest rate of IDBI Bank home loan?
Ans. Starting from 8.50% per annum.