Range of Interest Rate
8.45% onwards
Processing Fee Range
0.15%
Loan Amount
Rs 3 Lakh – 10 Crore
Range of Loan Tenure
1- 30 years
Key Salient Features
- Balance Transfer
- Loan Top-Up
- Lowest Interest Rates
Documentation
- KYC – Aadhar Card and PAN Card
- Financial – Bank statement, Salary slips, Latest Form 16
- Property – Builder Buyer Agreement (for resale cases) and all chain agreements.
Trivia
- There are about 425+ IDBI Bank Branches across India
- It takes an average of 7-14 working days for loan approval
USP’s
Doorstep Service
Dedicated Relationship Manager
Minimum Documentation
Fastest Sanction
Fee and Charges Details
Processing fees
- Salaried – 0.15%
- Self-employed – 0.15%
Disclaimer
- Your loan’s interest rate is subject to your CIBIL score. A higher CIBIL score may result in a lower interest rate.
- All intellectual property, such as trademarks and logos, is the exclusive property of its rightful owner.
| Particulars | Salaried | Self-Employed |
|---|---|---|
| Age | 18 to 60 Years | 18 to 75 Years |
| Prepayment Charges/Foreclosure | Zero | Zero |
FAQs
Typically, when you apply for an IDBI Bank home loan, the following steps given below need to be followed:
- To begin, fill out a home loan application form online.
- Upload necessary KYC, Financial, and Property documents
- Undergo loan processing along with legal and technical verification
- The bank will determine your loan eligibility and issue a sanction letter. It will include important details such as the sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, the validity of the sanction letter, special conditions (if any), and other terms and conditions.
- Once you have submitted all the necessary documents and a request for home loan disbursement, the bank will begin issuing your home loan disbursement cheque.
There are a few essential documents that you need to submit while applying for an IDBI Bank Home Loan. They are given in the table below:
KYC Documents
KYC Documents
- The previous three months’ salary slips
- Latest 2 years of Form 16
- Business Profile of the Applicant
- Latest 3 years ITR with Computation of Income, Balance Sheet, Profit and Loss Account, and respective schedules
- GST Registration Certificate & Udhyam registration certificate
Property Documents
IDBI Bank home loan provides the lowest interest rates available & flexible repayment options. Their customer-centric approach ensures personalized solutions, quick approvals, and expert guidance throughout your home-buying journey. They also offer a seamless ‘Digital’ experience that helps you apply for a home loan without any hassles.
Typically, IDBI Bank Home loan takes a maximum of 7-14 working days to get sanctioned.
If you apply for an IDBI Bank home loan and want to get it approved quickly, you must have a minimum CIBIL score of 700 or above.
Generally, the maximum limit of an IDBI Bank loan is Rs 10 Crore. The minimum home loan amount that IDBI Bank provides is about Rs 3 Lakh.
It is not required to have a co-applicant. However, you should have one while applying for an IDBI Bank Home Loan because it enhances your home loan eligibility, shows the lender your creditworthiness, and increases your chances of improving terms and conditions.
The IDBI Bank Home Loan interest rate will change depending on your home loan type. They are as given below:
- Fixed Interest Rate: The interest rate remains constant throughout the loan tenure.
- Floating Interest Rate: The interest rate is linked to a benchmark rate like the MCLR (Marginal Cost of Funds based Lending Rate) or the Repo Rate and can change during the loan’s tenure.
Possessing your returns for three financial years can help you quickly secure an IDBI Bank Home Loan. However, you can get an IDBI Bank Home loan despite not having income tax returns for three years. If you want to obtain a small loan and have a solid CIBIL score demonstrating your creditworthiness.
Typically, after receiving sanction for an IDBI Bank Home Loan, the loan should be disbursed in a maximum of 4-5 working days.
EMI Calculator
Loan Amount
₹
Rate of Interest
%
Loan Tenure (Years)
Years
Monthly EMI
₹ 21,617
Principal Amount
₹ 25,000,000
Interest Amount
₹ 23,000,000
Total Amount Payble
₹ 47,000,000
Interest Amount
Principal Amount
Apply for Home Loan
4.9
434 Google Reviews
4.8
860 Justdial Rating
Loan Bazaar
#1 Choice
of Smart
Customers
4.9
434 Google Reviews
4.8
860 Justdial Rating
5/5
Hi, The new feature on Loan Bazaar Website, providing the facility to view the Home Loan Amortization Schedule is really wonderful. This will actually reduce paper wastage, telephone calls to be made and the waiting time for receiving the revert from Banker. It is quite an innovative move. Keep it up! Happy Diwali to one and all!
Shivam Sharma
5/5
Was struggling to get loan for my home from last 3 months, suddenly one day I found Loan Bazaar on google who is one of the most well known DSA for home loan. They offered me doorstep service and with the limited paper work, they santioned my loan within 7 days. Thanks to Loan Bazaar.
Aruna Kate
5/5
I work for an MNC financial services company in the customer service department and I must say that Loan Bazaar has one of the most user friendly website and EMI Calculator. Well done! In an endeavour to automate, My first visit to the website has been a pleasurable one!
Yash Sharma
5/5
Loan Bazaar Team’s commitment shown on the job are enthusing. I had opted for a switch over on HL recently and been able to get best possible attention and faster clearance over my request. Kudos Loan Bazaar…
Babu Patil
5/5
A very helpful and a very patient team . My special thanks to Mr.Jitendra Sharma and Ms.Kanchan for their support . Dont worry about loan just contact this team they have solution for all .Once again thank you all
Dr.Abhijeet Kumar
5/5
I recommended their services to a friend of mine, and the services given were excellent. Very professional team, with polite and helpful approach. Highly recommended
Jayesh Shah
