IDBI Bank Education Loans

In India IDBI Bank is one of the best bank which providing education loans for the students at very low interest rates with minimal documentation in a quick and simple process, The students in india can borrow education loans upto 15 lakh indian rupees for studying in india and upto 20 lakh indian rupees for studying in abroad.

Students who were pursuing their education in any recognised school, college, Institution or university are eligible to apply for education loans from IDBI Bank.

Finally to learn more information on applying various types of idbi bank loans visit apply-loans.info.

IDBI Bank Asks Kingfisher to Repay Loan Amount

IDBI Bank has asked Kingfisher Airlines to repay loans worth Rs 900 crores after the latter failed to stick to its repayment schedule, a newspaper reported today. IDBI Bank has recalled short-term loans worth Rs 150 crores and Rs 750 crores in long-term loans and asked the carrier to do so by the middle of this week, the paper said on Monday.

The lender might invoke guarantees by holding firm United Breweries Holding and by the promoter Vijay Mallya if Kingfisher fails to make payment by the stipulated time, a letter from the bank said. The contents of the letter were described to the paper by people with access to it, the report said.

However, Mallya denied the development to the paper. "The loan was given by a consortium led by SBI. So far, there is no problem. The information that IDBI is recalling the loan is incorrect," he was quoted as saying.

When contacted by Reuters, officials at both IDBI and Kingfisher declined to comment immediately. Kingfisher has borrowed around Rs 3000 crore from several banks, such as State Bank of India, Punjab National Bank, Bank of India, ICICI Bank and Axis Bank and has appointed SBI Capital Markets to restructure these loans, the paper said.

IDBI Bank Slashes home loan rates to 8.25 Percent

IDBI Bank today announced special home loan scheme which is a combination of fixed and floating interest rates. The scheme offers home loans at 8.25 per cent irrespective of the amount till March 2012, giving a wider option of cheap loans to home buyers. Thereafter, the interest rate charged on these home loans would be at the then prevailing floating interest rates.

The offer is applicable to all new home-loan customers applying on or before this month, and taking a part or full disbursement during the period, an IDBI Bank press release said.

After the offer period, Home Loan Interest Rates will be charged based on the then prevailing floating rates, the bank said. IDBI Bank, at present, is offering 8.75 per cent for loans up to Rs 30-lakh, 9 per cent for loans between Rs 30-lakh and up to Rs 50-lakh and 9.25 per cent for loans above Rs 50-lakh.

State Bank of India (SBI) is already offering home loans in the range of 8 per cent. A home loan war was triggered when mortgage leader HDFC cut interest rates to match SBI. Since then the violent competition in the segment is getting intensified day by day with ICICI Bank and another player Dewan Housing also joining the league.

Maruti and IDBI Bank Tied-Up for Auto Loans

IDBI Bank Ltd (IDBI) and Maruti Suzuki India Limited (MSIL) today entered into a Memorandum of Understanding (MoU) for providing Auto Finance to prospective customers of MSIL. The MoU was signed by Shri C.S. Jain, Head – Personal Banking Group, IDBI Bank Ltd., and Shri R.S. Kalsi, Chief General Manager of MSIL.

As per the scheme modalities, MSIL and its Dealer network will collaborate with IDBI Bank Ltd for the purpose of “Retail/ Wholesale Activation” in order to facilitate vehicle business. The MOU will facilitate prospective customers of MSIL with vehicle finance at attractive terms.

The loan facility for MSIL prospective customer is extended up to 7 years with maximum funding on ‘on road price’ and faster processing. The Bank would extend financing facilities to eligible customers for MSIL cars and multi-utility vehicles. The tie-up will benefit both, IDBI Bank in further strengthening its position in retail loan space and MSIL in leveraging the retail financing strength and reach of the Bank.

IDBI Bank launched Auto Loans in July 2009. The Auto Loan product is very competitive and the Bank is taking various initiatives to be a leading player in the segment. The product offers finance for new vehicles at maximum funding at attractive rate of interest.

IDBI Bank Loan Against Property

IDBI Bank Loan Against Property helps you in meeting with many major expenses that occur in your life and usually are difficult to be met without some financial assistance. IDBI Bank offers loan against your pre-existing property at competitive interest rates. This enables you to avail funds in leverage of your property that can help you meet with personal requirements like marriage, child education, business, purchase of another property, improvement of existing property, medical expenses or any other major expense with assistance from your trusted bank - IDBI Bank India Ltd.

Any salaried or self-employed Indian resident or a salaried Non-Resident India (NRI) can avail IDBI Bank Loan Against Property. The scheme offers liquidity to your property whilst retaining your ownership rights. Another form of IDBI Bank Loan Against Property is Property Overdraft that allows you to solicit money against a self-occupied property. This facility is available to self-employed Indian residents. It converts your property into a current bank account where the interest is chargeable only on the amount withdrawn and any deposit is reduced from the outstanding balance.

IDBI Bank Personal Loans

IDBI Bank offers quick and affordable Personal loans with attractive features and low interest rates to its customers.

• IDBI Bank personal loan amount ranges from 40,000 up to 10 lacs
• Remittance is flexible i.e. one can repay the loan within 5 years.
• Paperwork or documentation is simple and hassle free
• The IDBI bank does not require a guarantor or security
• Personal Loan can be availed within 2 days or 48 hrs.

Besides, IDBI Bank personal loan is available to those who are already members of the bank. They just need to fill in certain details like credit card number, loan account number to prove if they are eligible for the loan or ready cash or not.

IDBI Bank Home Loans

IDBI Bank is one of the largest nationalized bank in India that offers home loans. IDBI Bank provides home loans for constructing a home, purchasing a ready built house/flat, residential plot and for re-financing existing loans.

IDBI Bank home loans come with some unique features that make them stand out in the competition. Besides the standard package of home loans, IDBI Bank has some customized home loan products.

Benfits and Features of IDBI Bank Home Loans -

• IDBI Home Loan customers enjoy the flexibility of choosing between Floating or Fixed interest rate.
• IDBI Bank Home Loan provides no cap on maximum loan amount for the purchase/construction of house/flat.
• There is an option to club the income of the applicant's spouse and children to compute the eligible loan amount.
• IDBI Bank provides free personal accident insurance cover.
• A complimentary international ATM cum Debit card is also provided by IDBI Bank.
• If all the required documents are submitted by the applicant, IDBI Bank Home Loan is sanctioned within 6 days of the date of submission.
• The applicant can also consider IDBI Bank's Home Loan as a Term Loan or as an Overdraft facility, in case he/she wants to save on interest and maximize gains.
• IDBI Bank Home Loan also provides free personal accident insurance cover up to Rs 40 Lakhs.
• Repayment is permitted up to 70 years of age, which is an added advantage of IDBI Bank Home Loan.
• IDBI bank provides legal and technical assistance to its customers.
• Maximum funding is one of the key benefits of IDBI Home Loans.
  

The applicant need to have a minimum age of 18 years and maximum age of 60 years to get eligible for applying IDBI bank home loans. The applicant need to earn a minimum of 1.5 lakh per annum to get the home loan approved from IDBI bank.

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