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| Home > Loan > Home Loan |
Home Loan - IDBI Bank Housing Loan |
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With attractive interest rates, flexible tenure and lower processing IDBI Bank Home Loan makes your journey into the new home a pleasant one. We also work towards helping you make this journey faster and offer home loans to both salaried and self employed professionals.
Read through the benefits and apply for a home loan now. |
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The IDBI Bank Home Loan Advantage
Simple Documentation: Our representative will guide you through the easy home loan application process to make it hassle free
Maximum Funding: IDBI Bank will help you get a higher sanction for funding your dream home
EMI on daily reducing balance: Home Loan EMI on daily reducing helps you save on interest paid on your home loan
Attractive Interest Rates: In this escalating real estate market we endeavour to provide our customers with competitive interest rates at all time
Personalised doorstep Service: We offer personalised service to make your loan process faster and also offer technical and legal assistance
Choice between Floating rate and Fixed rate Home Loans: Choice of a fixed rate home loan or a flexible rate home loan to suit your needs.
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Features
 Home Loan Tenure: Tenor of a home loan can be up to 20 years for a resident individual (salaried & self employed professional) whereas for Self employed (resident Indian) & NRIs(salaried) the maximum tenure is 15 years subject to maximum age of 65 years at termination of loan.
- Home Loan Funding: Normally, loan can be applied for a maximum of 80% of the property value. However, loans up to 20 lacs would be eligible for 90% of property value. The quantum of loan is determined based on the repayment capacity of the customer, as assessed by IDBI Bank.
- Home Loan Eligibility Criteria: Parameters considered include age, income, number of dependents, financial stability and co-applicant's income.
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Tax Benefits
- A maximum deduction of Rs. 1,50,000 on your income towards interest paid on your home loans u/s 24
- A maximum deduction of Rs. 1,00,000 on the principal repaid u/s 80 CCE
The above benefits are available subject to you fulfilling certain conditions, for which you should refer the IT Act 1961 |
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