We, at IDBI Bank realize how important it is to raise money in the face of exigencies. We help you through these difficult situations through our customer friendly Loans against property Interest Saver. Loans against property Interest Saver provides customer the facility of linking Loan against Property account with the operative Account. The interest liability of the borrower on Loan against Property comes down to the extent of surplus funds parked in the operative account. Customer will be allowed to deposit and withdraw from the operative account as and when required. Interest on Home loan will be calculated based on the balance maintained in the operative account.
The IDBI Bank Advantage
- Tenor of 10 years
- Attractive Rate of Interest
- Maximum Funding
- Interest Rate on Daily Reducing Balance
- Simple Documentations
- Personalized Doorstep Services
Salaried, NRI (salaried only), Self Employed Professionals and Businessmen.
Excluding: Hindu Undivided Family, Trusts, and Association of Persons.
Loans could be used for:
- Purchase or improvement of property
- Medical treatment or any other personal need