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.
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.
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:
Your home loan account number
Your date of birth
Your email address
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.
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.
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.
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.
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.