Tag Archives: idbi bank home loan eligibility

IDBI Home Loan, Interest Rate and EMI Calculator January 2019

(Updated on 11.01.2019) IDBI Bank Home Loan EMI Calculator January 2019 – Get Instant Quick & Easy Approval on IDBI Bank Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of✓Interest Rate✓Loan Tenure✓Processing Fee✓Eligibility✓Best Offers & more.

IDBI BANK HOME LOAN – GET INSTANT QUOTES ONLINE

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IDBI Bank Home Loan

IDBI Bank provides Home Loan with its tempting home loan features such as Assistance in property search and due-diligence of property for acquisition, Flexible Loan Installment Plan, Step up & Step down repayment facility, Tranche Based EMI, .Home Loan, Home Loan Interest Saver, Home Loan -Top up, Home Loan – takeover facility, Home Improvement Loan, Home Extension Loan and much more. IDBI Bank Home Loan can be availed at the most competitive home loan rates with feasible loan repayment option, less processing fees and lots more. Check your home loan eligibility today by using IDBI Bank Home Loan Eligibility Calculator and get the best deals with instant loan disbursal.

IDBI Bank also provides IDBI Bank Personal Loan to customers seeking immediate cash at time of financial emergencies.

IDBI Bank Home Loan Interest Rates

Home Loan (HL)

upto 35 Lakhs – (6 months MCLR) + 0.05%
above 35 Lakhs – (6 months MCLR+0.20%)
above 75 Lakhs – (6 months MCLR + 0.30%)

Home Loan Interest Saver

(1 year MCLR+0.35%)

IDBI NEEV

Sanction Amount ROI

Upto Rs. 35 lakh  (1 year MCLR + 0.45%)

> Rs.35 Lacs to Rs.75 Lacs (1 year MCLR+0.70%)

Up to Rs. 75 lakhs (1 year MCLR + 0.95%)

Turnover based Home Loan

1 year MCLR + 3.20%

Schemes for financial Rural/Semi Urban Housing

(6 Months MCLR + 0.00% )

Top Up Loans

For top-up amount up to 100% of the original sanction :

  1. Prevailing Home Loan Rate + 0.10 bps for PSL

  2. Prevailing Home Loan Rate + 0.20 bps for Non -PSL

IDBI Bank Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan EMI within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

IDBI Bank Home Loan Features And Benefits

  • IDBI Bank home loan provides assistance in property search and due diligence of property for acquisition.

  • You get In-principle loan approval even before a property is selected.

  • Avail flexible loan repayment option like Flexible Loan Installment Plan, Step up and Step down repayment facility, Tranche Based EMI.

  • Get customized home loan features for Salaried (Including NRI), Self Employed Professional and Self Employed Non-Professional (Business Category).

IDBI Bank Pradhan Mantri Awas Yojana

IDBI Bank provides home loans to its customers in compliance with Pradhan Mantri Awas Yojana. The objective of the scheme is to provide financial assistance to the low-income group i.e for economically weaker sections for purchasing or construction of residential units under affordable housing schemes.

IDBI Bank Home Loan Application

You can apply for IDBI bank home loan online through loansninsurances.com . Both existing and new customer can apply for a home loan online by logging on to the registration page and completing the application process with the required details.

IDBI Bank Home Loan Eligibility

  • Salaried individuals of 22 years age and would not be more than 70 years old at the time of loan maturity.

  • Self-employed professionals such as doctors, engineers, architects, CAs, consultants, of 25 years age.

  • Self-employed businessmen who are at least 25 years old and will not be older than 65 at the time of loan maturity.

  • Others eligibility will also be taken into consideration.

IDBI Bank Home Loan Documents Required

  • Proof of identity and residence: Aadhaar card, Voter’s ID card, Passport, PAN card, etc.

  • Proof of income: Pay slips of the last 3 months for salaried persons, and proof of business existence for professionals and businesspersons.

  • Form 16 or Income Tax Return for all borrowers

  • Bank statement for the last 6 months for salaried persons and profit-loss balance sheet for the last 3 years.

  • Application form with photograph

  • Cheque for the processing fees

IDBI Bank Home Loan EMI Calculator Table

For a loan against the amount of Rs 10,00,000 for 10 years at the interest rate of 9.15% p.a., the EMI comes out as Rs. 12,749. To know the EMIs for all the years, see the table given below:

Home Loan Amount(Rs)

Interest Rate(% p.a.)

Loan Tenure(yrs)

Monthly Installment (EMI)

Total Interest Amount

Total Amount (Principal + Interest)

10,00,000

9.15

1

Rs 87,521

Rs 50,253

Rs 10,50,253

10,00,000

9.15

2

Rs 45,754

Rs 98,086

Rs 10,98,086

10,00,000

9.15

3

Rs 31,870

Rs 1,47,305

Rs 11,47,305

10,00,000

9.15

4

Rs 24,956

Rs 1,97,904

Rs 11,97,904

10,00,000

9.15

5

Rs 20,831

Rs 2,49,874

Rs 12,49,874

10,00,000

9.15

6

Rs 18,100

Rs 3,03,205

Rs 13,03,205

10,00,000

9.15

7

Rs 16,165

Rs 3,57,886

Rs 13,57,886

10,00,000

9.15

8

Rs 14,728

Rs 4,13,901

Rs 14,13,901

10,00,000

9.15

9

Rs 13,623

Rs 4,71,234

Rs 14,71,234

10,00,000

9.15

10

Rs 12,749

Rs 5,29,868

Rs 15,29,868

IDBI Bank Home Loan MCLR January 2019

Tenure MCLR Rate
Overnight 8.00%
1 Month 8.25%
3 Months 8.45%
6 Months 8.65%
1 Year 8.95%
2 Years 9.00%
3 Years 9.00%

IDBI Bank Home Loan FAQs

Q1)What is the maximum home loan amount which can be availed through IDBI Bank?

If Loan Amount is up to Rs. 20 lakhs then maximum funding is up to 90% of Market value or document cost of the property, whichever is lowest, above Rs 20 Lakh to up to Rs 75 Lakh then up to 80% of Market value or document cost of the property, whichever is lowest and above Rs 75 Lakh then up to 75% of Market value or document cost of the property, whichever is lowest.

Q2)What is the maximum tenure for which IDBI Bank home loan can be availed?

Maximum loan tenure for Salaried individuals is up to 30 years and Maximum loan tenure for Self Employed individual’s is up to 20 years.

Q3)For what all purposes IDBI Bank Home loan can be availed?

IDBI Bank home loan can be availed for purchase of under construction and ready possession property, composite loan for purchase of plot and construction of dwelling units, for construction finance, for improvement or renovation of your existing home, for extension of your existing home etc.

Q4) What are the takeover norms from other banks or financial institutions?

The takeover norms from other banks or financial institutions are that repayment track record for a period of 12 months is required, facility of additional funds in the form of Top Up is available and Top up facility up to 100% of the original sanction at Home loan interest rates.