Home, sweet home, built out of your dreams. A place where you return after a hard day’s work and relax, a place where you share precious moments with your family. A place that gives you a sense of belonging. IDBI Bank helps you realise your long cherished dream of owning your home through hassle free and customer friendly home loans.
Presenting IDBI Bank’s ultra flexible home loan you have been looking for. We realise what owning your home means to you and your family.
You can avail of the Home Loans for constructing a home, purchasing a ready built house / flat, residential plot and even for re-financing existing loans you may have availed from other banks or housing finance companies. Click here to apply.
Following are eligible to apply for an IDBI Home Loan :
- Salaried individuals
- Self employed professionals / businessmen
You can include your spouse / parents / children as co-applicant if you require higher eligibility subject to maximum of three applicants.
- Tenor of a home loan can be up to 25 years for a resident individual whereas for NRIs the maximum tenure is 15 years subject to maximum age of 60 years at maturity.
- Loan can be applied for a maximum of 85% of the property value subject to credit discretion.
- Security for the loan is a first mortgage of the property to be financed, normally by way of deposit of the title deeds or such collateral security as may be necessary.
- Title to the property should be clear and free from encumbrance, i.e., without any pending legal litigation adversely affecting the ownership of the property.
- Other parameters considered include an account of your age, income, number of dependents, financial stability and co-applicant income.