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The IDBI home loan statement is an official document that contains vital details regarding your home loan. It plays a significant role as it helps you monitor and track your loan payments. The statement serves as: 

  • A record of your loan repayment history

  • Provides information about the outstanding balance

  • Highlights any missed payments

  • Includes details about prepayment

Thankfully, you have the convenience of accessing the IDBI Bank home loan statement both online and offline. Read on to know more about these processes.

How to Download IDBI Bank Housing Loan Statement?

Thanks to digitisation, initiating the IDBI Bank home loan statement download is simpler than ever, and you can do it from the comfort of your home. The IDBI Bank home loan statement online download process is quick and straightforward that can be completed within minutes. Read on to know more about the steps involved in the IDBI home loan statement online download.

  • Step 1: Go to the IDBI Bank website and log in to the portal 

  • Step 2: Go to the ‘Loan Accounts’ tab and select the ‘Account Statement’ option on the home loan account

  • Step 3: Once done, you can download your IDBI home loan statement online.

How to Get an IDBI Bank Home Loan Statement Offline?

Obtaining your IDBI housing loan statement offline is also possible by visiting your nearest IDBI home loan office. To obtain a hardcopy of your IDBI Bank housing loan statement, follow these simple steps:

  • Step 1: Visit the IDBI Bank branch that is closest to your location.

  • Step 2: Upon arrival at the office, the initial step involves filling out a form. Request the appropriate form for the home loan statement by IDBI Bank from a representative

  • Step 3: Complete all the required details and information on the form. The form generally includes some basic information such as:

  1. Your home loan account number

  2. Your date of birth

  3. Your email address

  • Step 4: Once you have filled out the form, submit it along with your proof of identity. 

Why is IDBI Bank Home Loan Statement Required?

The IDBI Bank home loan account statement offers numerous advantages, ensuring a seamless and convenient housing loan journey. 

The important information you get through the IDBI Bank home loan statement includes:

  • Total loan amount, loan tenure, and applicable home loan interest rate

  • Outstanding loan amount, remaining term, and applicable interest rate

  • Amount of the loan that has already been repaid

  • EMIs paid and the remaining EMIs to be paid

  • Tax certificate for income tax purposes

  • Loan start date, loan end date, and upcoming EMI payment date

Simply put, the IDBI Bank home loan statement is a vital document for taxation purposes, as well as for understanding your loan better. Without it, you can’t provide proof of payment when claiming tax deductions. 

Similarly, if you need to rectify issues with your credit report or with any other financial body, you will require the statement. These are just a few reasons why you need the statement, and you should know how to access it without any issues. 

In case you need to switch your home loan account to a lender offering competitive interest rates, you can opt for a home loan balance transfer at Bajaj Markets. Compare  various loan options available using a home loan EMI calculator before zeroing in on a specific lender.

FAQs About the IDBI Bank Home Loan Statement

When do you require your IDBI Bank home loan statement?

The IDBI Bank home loan statement is essential for various purposes, including keeping track of your payments and ensuring proper payment management, monitoring the structure of your loan repayment and understanding the home loan progress. Also, to avail tax benefits associated with your home loan, this serves as a supporting document for tax purposes.

How to track IDBI Bank application status?

You can track your IDBI home loan application status by visiting the official website of IDBI Bank. Go to the ‘Hassle Free Loans’ section and click on ‘Loan Application Tracking’. On this page, you will be required to provide some information. After typing in the required information, you can check your IDBI Bank application status.

When do I need the IDBI Bank interest certificate?

The IDBI home loan interest certificate provides a record of the interest payments on your home loan. Along with keeping track of your payments, it helps you in getting tax benefits on the interest paid on your housing loan.

Where can I get the IDBI home loan statement?

IDBI Bank offers the convenience of getting your IDBI home loan statement through both online and offline channels. You have the option to obtain it online by visiting the official IDBI website, or offline by visiting the nearest IDBI office.

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