Industrial Development Bank of India (IDBI) Home Loan
| Bank Link | http://www.idbi.com/products/homeloan.asp |
| Loan Amount | Depending on loan eligibility of the applicant |
| Interest Rate | 09.75-12.50% |
| Tenure | Maximum 25 years |
| Pre Payment Charges | 2% on the principal outstanding |
Service Charges
0.50% - 1.00% of the loan amount or Rs.1500/- (Rs.2000/- for Mumbai, Delhi & Bangalore), whichever is higher + applicable Service Tax & Surcharge
Other Charges
Loan Processing Charges / Renewal Charges: 0.50% - 1.00% of the loan amount or Rs. 1500/- (Rs. 2000/- for Mumbai, Delhi & Bangalore), whichever is higher + applicable Service Tax & Surcharge
Charges for late payment: 2% per month Home OD : 1.5% of the outstanding amount subject to minimum of Rs. 500/- & Maximum of Rs.5000/-
Charges for changing from fixed to floating rates of interest: 0.5% of the principal outstanding plus applicable taxes
Charges for changing from floating to fixed rates of interest: 1.75% of the principal outstanding plus applicable taxes
Cheque Swap Charges: Rs. 500
Document Retrieval Charges: Rs. 500
Cheque bounce charges: Rs. 500
Statement of Account: Rs. 100 per statement
| Self | |
|---|---|
| Minimum Age (in yrs.) | Minimum 21 years |
| Minimum Income (in Rs.) | Regular Source of Income should be there |
| Minimum Work Experience (yrs.) | N/A |
| Residence Status (yrs.) | Valid Residence proof |
| Id Proof | Passport/PAN card/Driving License/Voter ID Card/Any other valid ID proof |
| Address Proof | Electricity bill/telephone bill/Driving License/Voter ID Card/Passport/Any other valid Address Proof |
| DOB Proof | 10th class certificate/certificate of birth |
| Salaried | |
|---|---|
| Minimum Age (in yrs.) | Minimum 21 years |
| Minimum Income (in Rs.) | Regular Source of Income should be there |
| Minimum Work Experience (yrs.) | N/A |
| Residence Status (yrs.) | Valid Residence proof |
| Id Proof | Passport/PAN card/Driving License/Voter ID Card/Any other valid ID proof |
| Address Proof | Electricity bill/telephone bill/Driving License/Voter ID Card/Passport/Any other valid Address Proof |
| DOB Proof | 10th class certificate/certificate of birth |
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