header search
My Account Customer Portal
EMI EMI Card
Download Download
ONDC_Header_Steal Deals Steal Deals
BAJAJ FINSERV DIRECT LIMITED
Hi Guest
Customer Portal Shopping Customer Care My Report
Logout

IDBI Bank Home Loan

Get information on IDBI Bank’s home loan interest rate, other charges, benefits, requirements for documents, and more to plan your borrowing easily.

Check Offer

Quick Links

Home Loan arrow primary icon Home Loan EMI Calculator arrow primary icon Home Loan Eligibility Calculator arrow primary icon Home Loan Interest Rate arrow primary icon Home Loan Procedure arrow primary icon Home Loan Documents arrow primary icon Tax Benefits for Home Loan arrow primary icon Plot Loan arrow primary icon
View More

Rising real estate costs make it difficult to own a house with savings alone. The IDBI Bank Home Loan is a loan option that can help you work toward this dream and achieve it with ease. 

It comes with competitive interest rates and flexible terms for borrowers, and a maximum loan amount of up to ₹10 Crores. You can repay it in up to 30 years and keep your EMIs low thanks to nominal rates starting at 7.55% per annum.

IDBI Bank Home Loan Interest Rate and Charges

Before applying for any loan, check the interest rates offered by the lender to know the cost of borrowing. Here is a table with the details about the IDBI Bank Home Loan interest rate and primary charges:
Particulars Details

Interest Rate

7.55% p.a. onwards

Processing Fee

0.50% of the loan amount + GST

Foreclosure Fee

  • Nil ( for floating rate loans for individuals)

  • Nil (after 6 months of loan disbursement on fixed-rate home loans)

  • 2%-3% of the remaining balance (Before 6 months of loan tenure on fixed-rate home loans)

Disclaimer: The details mentioned above are subject to change at the lender’s discretion. 

Other Fees and Charges of IDBI Bank Home Loan

Understanding all applicable charges can help you determine if future actions will incur additional costs. The following are some additional charges related to this lender to be aware of:
Particulars Details

Copy of Property Documents

₹225

Penal Interest Charges on Overdue Amount for Delayed Period

5% per annum

Duplicate Statement Charge

₹115

Swapping of Repayment Mode

₹575

Cheque Return Charges

₹300

Disclaimer: The details mentioned above are subject to change at the lender’s discretion.

DBS Bank Home Loan EMI Calculator

Your Home Loan EMI
₹ 8,025
Total Interest Amount

₹ 926,093

Principal Amount

₹ 10,00,000

Total Payable Amount

₹ 19,26,093

Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
Months arrow-down-img
  • Years
- +
Min value reached
Max value reached
Calculate Now

You can also make instant comparisons between loan offers from multiple Home Loan providers on Bajaj Markets.

...

 

Furthermore, you can gain deeper insights into your loan instalments with the free amortisation schedule, which is provided with each calculation. 

 Read More

Since home loans involve substantial amounts, their repayment tenure may extend to two or even three decades. To have a suitable repayment plan in place, use the Bajaj Markets EMI calculator and estimate the monthly instalments in advance.

The calculator will provide the amortisation schedule for your loan, along with details about the: 

  • EMI amount

  • Principal and interest components payable 

  • Total interest payable

Use this information to plan for the long term, estimate when you can make part-prepayments, and compare this lender’s offerings against other home loans.

Key Features and Benefits of IDBI Bank Home Loan

The housing loan from IDBI Bank offers a long tenure, along with flexible repayment options. Check out some standout benefits below:

  • Long Tenure

 Salaried individuals may repay the IDBI Bank Home Loan over a period of up to 30 years. Self-employed individuals and self-employed non-professionals may have up to 20 years to repay. This allows for ample time to repay comfortably. 

  • Affordable Interest Rate

The bank also offers attractive interest rates on its housing loans. The IDBI Housing Loan interest rate starts from 7.55% p.a. 

  • Flexible Repayment Methods

You can choose from different loan repayment methods. These include a flexible loan instalment plan, tranche-based EMIs, and step-up and step-down options.

  • Widespread Reach

You can secure this loan online or by visiting your nearest branch of IDBI Bank. The bank has a wide network of over 1,800 branches and 75 dedicated loan processing centres spread across India. 

  • Top-up Facility

IDBI Bank also offers a home loan takeover facility and top-up loans. You can get a 100% top-up on your existing loan. 

IDBI Bank Home Loan Eligibility Criteria

To be eligible for the loan, you need to fulfil certain terms outlined by the lender. Here are the IDBI Home Loan eligibility requirements:

Salaried Individuals (Including NRIs and PIOs)

  • Your age should be at least 22 years

  • Your age should be 70 years (or retirement age) or less by the end of the repayment tenure 

Self-employed Professionals and Non-Professionals 

  • You need to be at least 25 years of age 

  • Your age should not be over 65 years by the end of the tenure

Documents Required for IDBI Bank Home Loan

Certain documents help verify your identity, address, income, and other details. Here is the IDBI Bank Home Loan documents list to help you during the application process:

  • Application form along with two photographs

  • Proof of Identity

  • Proof of Address

  • Bank Statement for the last 6 months

  • Salary slips for the last quarter and Form 16 (for salaried individuals) 

  • Professional practice licence (for self-employed professionals)

  • Proof of Business and Business Profile (for self-employed non-professionals)

  • Tax Returns of the last 3 years (for self-employed professionals and non-professionals)

  • Profit/Loss Statement (for self-employed professionals and non-professionals)

Types of Home Loans Offered by IDBI Bank

You can get the following types of home financing from this lender:

  • Plain Vanilla Home Loan (Purchase/Construction/Extension)

  • Home Loan Top Up

  • Rural/Semi Urban Housing Loan

  • Mortgage Loan

  • Loan for Commercial Property Purchase

  • Loan Against Rent Receivable

  • Pradhan Mantri Awas Yojana - Urban 2.0

How to Apply for an IDBI Bank Home Loan Online

To apply for the loan digitally, follow these simple steps:

  1. Visit the official website of IDBI Bank

  2. Click on ‘Loans’ in the drop-down menu at the top of your screen

  3. Select the type of home loan facility based on your requirements

  4. Click the ‘Apply Now’ button

  5. Enter your basic details

  6. Check your eligibility and submit the required documents

  7. The bank will review your application and the attached documents before proceeding with the loan request

How to Check the IDBI Bank Home Loan Status

One of the easiest ways to check the status of your loan application is through the IDBI Bank GO Mobile+ App. Just follow these steps:

  1. Download the IDBI Bank GO Mobile+ App from the Google Play Store or the App Store

  2. Log in with your credentials

  3. Navigate to the section that shows your loan details

  4. Look for an option like ‘Track Application Status’ and follow the prompts using your application number or registered mobile number 

How to Check the IDBI Bank Home Loan Statement

You can download your loan statement both online and offline. Follow the steps below to download it online:

  1. Visit the official website of IDBI Bank

  2. Click on the ‘Internet Banking’ button, and choose ‘Personal’

  3. Sign in with your net banking user ID and captcha 

  4. Once logged in, navigate to the section that displays your loan details

  5. Look for an option related to home loan details, account summary, or statements

  6. Follow the on-screen instructions to view or download your statement

  7. Select the date range and preferred file format (PDF or Excel), if available

  8. Download or save the statement to your device

IDBI Bank Home Loan Customer Support Details

In case you have any queries related to the loan, you can connect with the IDBI Bank’s customer support through the following modes:

  • Toll-Free Contact Numbers: 1800 209 4324 or 1800 22 1070

  • Chargeable Contact Numbers: 022 67719100 or 0091 22 67719100

  • Email: customercare@idbi.co.in

IDBI Bank Home Loan Repayment Options

You can align your EMIs with your changing income and the stage of your property’s development. IDBI Bank offers a range of options to help you repay more comfortably. These include:

  • Step-Up Repayment Facility

This option is designed for young, professionally qualified executives expecting career growth. It allows you to take a larger loan based on your projected income. The calculation factors in an expected income increase of 6–8% per annum in five-year slabs over a 20-year loan term.

  • Step-Down Repayment Facility

Ideal if you foresee a decline in income later in the loan tenure. This facility recovers more when your income is at its peak and reduces EMIs in later periods. 

It also enables a larger loan by combining parents’ and children’s income, with children repaying the residual loan after the parent retires.

  • Tranche-Based EMI Facility

Suited for under-construction properties, this option allows you to pay interest only on the disbursed amount until possession. You also have the flexibility to start EMIs early to minimise the total interest cost.

Disclaimer

 The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort. The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

Bajaj Markets’ Home Loan Partners Related Pages

Related Non-Partner Home Loan Pages:

Frequently Asked Questions

Does IDBI Bank check my CIBIL score for home loan approval?

IDBI Bank does not specify a minimum CIBIL score in its home loan eligibility criteria. However, having a good CIBIL score significantly improves your chances of approval, as it reflects your creditworthiness and repayment history.

Yes, you can apply for the home takeover facility offered by IDBI Bank to transfer your existing home loan to this bank.

Yes, you can club your spouse’s income with yours and apply for a joint home loan. The lender will assess your and your spouse’s age, qualification, income, dependents, job stability, assets, liabilities, savings history, and the property’s value.

The processing fee for an IDBI Bank Home Loan is 0.50% of the loan amount (plus applicable taxes). The lender will collect ₹2,500 (plus applicable taxes) at login and the balance at the time of sanction.

Yes, you can get an IDBI Bank Home Loan for under-construction properties, provided you meet the bank’s eligibility and documentation requirements.

IDBI Bank charges a prepayment or foreclosure fee of 2% to 3% of the outstanding balance if you close your home loan within 6 months of disbursal. However, no charges apply if you do so after 6 months. Free prepayment is available to all individuals who opt for a home loan with a floating interest rate. 

IDBI Bank typically takes 3–7 working days to conduct background verification and approve the loan after receiving your application. 

Yes, you can get a joint home loan with a family member from IDBI Bank. The bank allows eligible family members, like your spouse, parents, or children, to join as co-borrowers.

View More
Home
Home
ONDC_BD_StealDeals
Steal Deals
Free CIBIL Score
CIBIL Score
Free Cibil
Accounts
Accounts
Explore
Explore

Trending Categories

Loans

Personal Loan, Business Loan, Collateral

arrow
Investment

Fixed Deposit, Mutual Fund, NPS, Demat A/C, SGB

arrow
Insurance

General Insurance, Life Insurance, Term Insurance

arrow
Stock Market

Stocks, IPOs

arrow
Credit Report

Credit Score, Report & Analysis

arrow
ONDC

Smart Phone, Speaker, EarPhone

arrow

Related Calculators

Personal loan EMI Calculator

Home Loan EMI Calculator

Gold Loan EMI Calculator

Business Loan EMI Calculator

Our Products

Personal Loan
Pre-approved
Personal Loan
KreditBee
Olyv
Federal Bank
mPokket
15+
Quick Approval
100% Digital Application
Affordable Interest Rates
Business Loan
Lendingkart
IIFL
Indifi
Credit Saison
10+
Popular Choice
No Documentation
4-step Process
Home Loan
Bajaj Housing Finance
ICICI Bank
L&T Finance
Vridhi Home Finance
10+
Flexible Repayment Tenure
High-value Funding
Zero Prepayment Charges
Home Loan Balance Transfer
Shriram Housing Finance
LIC HFL
PNB Housing Finance
Shubham Housing Finance
7+
Top-up Facility
Minimal Paperwork
Hassle-free Process
Two-wheeler Loan
Bajaj Auto Finance
L&T Financial Services
Muthoot Capital
2+
Pre-approved Offers
Easy Cash Options
Flexible Repayment Tenures
Credit Card
Axis Bank
ICICI Bank
RBL Bank
Rupicard
30+
Promotional Offers
Travel Benefits
Rewards Programs
EMI Card
Bajaj Finserv
1
Zero Forecloseure Charges
High Loan Limit
Flexible Tenure
Fixed Deposit
Bajaj Finance
Yes Bank
PNB Housing Finance
Ujjivan Small Finance Bank
5+
Assured Returns
Credit Facility
Tax Benefits
Mutual Fund
Axis Mutual Fund
Edelweiss Mutual Fund
Union Mutual Fund
Kotak Mahindra Mutual Fund
43+
Tax Benefits
Professional Fund Management
Portfolio Diversification
Demat
Bajaj Financial Securities Limited
1
Instant Transfer
Multiple Access
Collateral for Loan
Health Insurance
TATA AIG
ABHI
BAGIC
Care Health Insurance
4
Cost-effective Policies
Easy Comparison
High Coverage
Car Insurance
TATA AIG
SBI General Insurance
HDFC ERGO
Bajaj Allianz
4
Multiple Covers
No-claim Bonus
Cashless Claim Facility
Bike Insurance
SBI General Health Insurance
HDFC ERGO 2W Insurance
Bajaj Allianz Two Wheeler Insurance
3
Efficient Claim Settlements
Low Premiums
No Claim Bonus
Pocket Insurance
One Assist
ABHI
Niva Bupa
Manipal Cigna
7+
Affordable Premiums
Easy Online Application