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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