IDBI Home Loan
IDBI Bank home loan interest rate starts from 7.65% p.a. with loan tenures of up to 30 years with easy repayment options. IDBI Bank offers housing loan amounts of up to Rs.10 crore.
The IDBI Bank home loan processing fee is waived off for inward balance transfers and PMAY cases. The bank also offers its housing loan through the affordable PMAY scheme to take advantage of it.
The bank levies zero foreclosure charges for a floating rate of interest home loans. To make your repayment options easier, IDBI offers different types of home loans to suit your needs.
We found 1 IDBI Home Loan
Balance Transfer
IDBI Bank Home Loan
Loan Amount
:₹5L -₹10Cr
Floating
:8.65%
Tenure
:1 - 30 Years
Processing Fee
:0.50%
See Less
Fees & Charges
- Preclosure fee = ₹0
- Part payment fee = ₹0
Documents
- KYC-PAN, address & ID proof
- Income proof, bank statement and one photograph
What you'll love
- No guarantor required
- No pre-closure and part payment fee for floating rate loan
Perks
Balance Transfer
Top-up Loan Available
Part-Payment Available
No Guarantor Required
Door Step Service
E-Approval
Think about
- Application available only in branch
- Has pre-closure fee on fixed rate loan
- This Company is not a partner. Visit its website/branch office for more details. Trademarks, logos and other intellectual property belong to their respective owners.
IDBI Home Loan Details 2025
The maximum home loan tenure that you can enjoy is 30 years, if you are a salaried employee. In case of self-employed professionals and self-employed non-professionals, the maximum tenure stands at 20 years.
RLLR Rate | 8.40% p.a. onwards |
Loan Amount | Up to 90% of the market value/property cost (at the discretion of the bank) |
Processing Fees | At the discretion of the bank |
Prepayment/Foreclosure Charges | Nil for individuals |
Max Tenure | 30 Years |
Rate Packages Available | Floating |
Know more about the home loan fees and charges before you apply for a loan.
IDBI Home Loan Interest Rates
The IDBI Home Loan interest rate and Scheme for financing semi urban/rural housing interest rate are linked with RLLR.
IDBI Home Loan Schemes | Interest Rate (p.a.) |
IDBI Plain Villa Home Loan (Purchase/ Constriction/ Extension) |
|
Home Loan Top Up |
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Home Loan Ultra Saver |
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Rural/semi urban housing (Up to Rs.35 lakh) |
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Mortgage Loan |
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Plain Vanilla Home Loan (Fixed Interest Rate) |
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Plot Loan for Construction of Home (Fixed Interest Rate) | 12.25% p.a. |
Reverse Mortgage Loan (Fixed Interest Rate) (Five Years) | 11.50% (Note: The interest rate will be reset every five years as per the prevailing fixed rate.) |
Loan for Commercial Property Purchase | 12.90% to 13.05% |
Mortgage Residential Loan (Fixed Rate for 5 years) | 12.40% to 12.55% |
Mortgage Commercial Loan & Loan against Rent Receivables (Fixed Rate for 5 years) | 12.65% to 12.80% |
Note: The interest rates mentioned above are with effect from 12 March 2025 and are subject to change as the bank's discretion.
Compare: Home Loan Interest Rate all Banks
IDBI Bank Home Loan Calculator
Use BankBazaar IDBI Bank Home Loan EMI Calculator to calculate your home loan EMI within a minute. This user-friendly loan calculator is easy-to-use and accurate.
Just enter your preferred loan amount, interest rate, tenure, and processing fee. Click on 'Calculate' to check your EMI. This will be followed by an amortisation table, which will give you a detailed breakdown of your repayment schedule.
IDBI Home Loan EMI Calculation
Amount | 10 years | 20 years | 30 years |
Rs.10 lakh | Rs.12,345 | Rs.8,615 | Rs.7,618 |
Rs.20 lakh | Rs.24,690 | Rs.17,230 | Rs.15,237 |
Rs.40 lakh | Rs.49,381 | Rs.34,460 | Rs.30,474 |
Rs.50 lakh | Rs.61,726 | Rs.43,075 | Rs.38,092 |
*Interest rate of 8.40% p.a. has been taken into consideration for this loan EMI illustration. Your final EMI amount can vary based on the rate offered to you by the bank.
Calculate your EMIs payable towards your loan by using the Home Loan EMI Calculator. All you have to do is key in a few basic parameters such as the loan amount being availed, applicable interest rate, tenure and the processing fee. The automized tool will consider the values entered and calculate the monthly instalments payable against your housing loan.
The EMI calculator also gives you a breakup of the total amount payable during the entire tenure along with a detailed amortization schedule illustrating your debt repayments over the loan term.
IDBI Home Loan Schemes
IDBI Bank offers housing loans to eligible borrowers at interest rates starting from 8.50% p.a. The extended loan tenures up to 30 years coupled ensure a comfortable loan repayment period.
The processing fee applicable on these loans' ranges from Rs.2,500 to Rs.5,000 plus applicable taxes depending on the loan amount being availed. Simple documentation, quick processing and a full waiver of prepayment/foreclosure charges make IDBI Bank home loans.
- IDBI Bank Home Loan
- Customised feature-filled housing loans for salaried and self-employed borrowers (including NRIs)
- Attractive interest rates
- No charges on prepayment/foreclosure of the loan
Interest Rate Type | Structured Retail Asset (SRA) Products |
RLLR Linked | 9.10% p.a. |
Note: The interest rates mentioned above are with effect from 12 March 2025 and are subject to change as the bank's discretion.
2. IDBI Bank NRI Home Loan
Competitive interest rates on floating rate loans
Maximum loan tenure of 30 years for salaried NRIs
Full waiver of foreclosure/prepayment penalties
3. IDBI Bank Pradhan Mantri Awas Yojana
IDBI Bank offers financial assistance for the housing needs of the urban poor under the Pradhan Mantri Awas Yojana (PMAY). The Credit Linked Subsidy Scheme (CLSS) under PMAY benefits applicants from the Economically Weaker Section (EWS) and Low-Income group (LIG) categories by offering term loans at an interest subsidy of up to 6.50%.
In order to be eligible under CLSS, the beneficiary or any his/her family member should not be owning a pucca house under their name in any part of the nation.
The maximum annual household income for EWS category in order to be eligible for central assistance under the scheme is restricted to Rs.3 lakh. On the other hand, for LIG category, the maximum household income of the beneficiary family should not be more than Rs.6 lakh.
IDBI Bank Home Eligibility Criteria
Eligibility Criteria | Requirement |
Age | Minimum Age: 22 years Maximum Age: 70 years |
Residency Status | Resident IndianNon-Resident Indian (NRI) |
Type of Employment | SalariedSelf-employed professionalSelf-employed non-professional |
Document Required for IDBI Bank Home Loan Application
Identity Proof (any one) | Valid PassportVoter IDAadhaar CardDriving LicensePAN Card |
Proof of Residence (any one) | Copy of Utility BillsDriving LicensePassportVoter IDAadhaar Card |
Proof of Income | Latest Form 16 or Income Tax ReturnsBank account statements for the last 6 months |
Other Documents | Duly filled and signed loan application form with passport size photographsProcessing feeCheque in favour of the bank |
Home Loan Interest Rates Offered by Different Banks
Bank | Interest Rate |
Axis Bank | 8.75% p.a. onwards |
Federal Bank | Up to 9.90% p.a. |
IDFC First Bank | 8.85% p.a. onwards |
Bank of Baroda | 8.40% p.a. onwards |
Punjab National Bank | 8.20% p.a. onwards |
Kotak Mahindra Bank | Up to 8.65% p.a |
ICICI Bank | 8.75% p.a. onwards |
HDFC Bank | 8.70% p.a. onwards |
SBI | 8.25% p.a. onwards |
FAQs on IDBI Home Loan
- How IDBI home loan eligibility determined?
IDBI determine your eligibility for a loan by taking various aspects such as your age, monthly income, number of co-applicants, employment stability, credit score and any liabilities such as other ongoing loans if any.
- What is the maximum loan amount I can avail?
IDBI Bank offers eligible borrowers housing loans up to Rs.10 crore at competitive interest rates.
- What is the maximum loan repayment tenure offered by the bank?
The maximum repayment tenure for salaried borrowers (including NRIs/PIOs) is up to 30 years. On the other hand, self-employed borrowers can avail home loans for a maximum loan term of up to 20 years. However, the bank can also choose the tenure you are eligible for at the bank’s own discretion.
- What is the interest subsidy offered to beneficiaries under PMAY?
An upfront subsidy of up to 6.50% is applicable as per the housing loan scheme’s pricing structure.
- What is the maximum loan amount I can avail for CLSS under PMAY?
The maximum amount that you can avail under the scheme depends on the bank’s existing housing loan scheme. However, you can avail the subsidy on the loan only for the initial Rs.6 lakh.
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