Home Loan Interest Saver, Home Loan Takeover Facility, Home Loan Top-Up, Home Extension Loan, Home Improvement Loan, Home Loan-Booking Finance, Home Loan Refinance Facility, and Loan on Second Charge/Pari Passu Charge are some of the home loan products offered by IDBI Bank.
The bank helps applicants not only determine the loan amount but also find the finest property for their needs and budget. If you match the qualifying requirements, your loan can even be approved before you choose a house.
IDBI Bank offers tailored home loan solutions based on whether you are employed, self-employed, a professional, or an NRI. The bank offers various loan repayment alternatives such as step up or step down and tranche-based EMI. There are no limits or restrictions on where you can buy a home as long as it is in India.
IDBI Bank operates 1800 branches and 76 loan processing facilities in India. The procedure is straightforward, and it is available both online and at bank branches and loan centres.
Any Indian resident or NRI who meets the following eligibility criteria may apply for IDBI Bank-
These are some of the mandatory documents required while applying for this home loan:
To apply for a house loan, go to the IDBI Bank website or a bank location. You could also complete an application form at an IDIB Loan centre.
After you submit the form, a bank representative will contact you to discuss the terms of your loan and the documents required. Being prepared with documents such as Aadhar and PAN cards, ITRs from the previous six months, pay slips or other income evidence, and copies of the property document/title deed would assist speed up the loan procedure. Also, keep two to three pictures of each applicant on hand.
Following are the IDBI Bank Home Loan Interest Rate 2024 -
a) Home Loan
|
Applicant Type |
IDBI housing loan interest rate |
|
Salaried/Self-employed |
7.50% - 9.15% |
|
Self-employed Non-Professional |
7.60% - 10.65% |
b) Rural or Urban Housing Loan Scheme
|
Applicant Type |
Interest Rate |
|
Self-employed Professional |
7.95% |
|
Self-employed Non-professional |
8.10% |
|
Salaried |
7.85% |
c) IDBI Plot Loans
|
Type |
Interest Rates |
|
IDBI Neev |
8.20% - 8.80% |
|
IDBI Neev 2.0 |
8.50% - 9.10% |
D) IDBI Home Loan Interest Rate 2022 for Top Up Loan Scheme
|
Type |
Interest Rate |
|
Housing Purpose |
An interest rate of an existing home loan adding 20 bps |
|
Suvidha Top-up (Non-Housing Purpose) |
An interest rate of existing home loan adding 75 bps |
a) IDBI Bank Rate of Interest Home Loan
|
Period |
Interest Rate |
|
3 Years |
9.85% |
|
More than 3 Years |
10.10% |
b) IDBI Neev
|
Amount |
Interest Rate |
|
Rs. 35 lakhs |
10.00% |
|
More than Rs. 35 lakhs |
10.25% |
c) Rural or Urban Housing Scheme
|
All Loan Amounts |
9.60% |
There are varied schemes offered by IDBI Bank on housing loans, and they are-
This scheme is for the purchase of new/resale property, the purchase of a plot for construction purposes, the extension/improvement/renovation of existing property, the construction of the previously acquired property, and the availability of balance transfer and top-up loans.
This is a Credit-Linked Subsidy Scheme for Economically Weaker Sections, Low-Income Groups, and Middle Income Groups.