IDBI bank offers IDBI home loans to people who want to purchase a new or under-construction property, as well as to those who want to transfer an existing home loan to an IDBI home loan.
| Interest Rate (Monthly reducing balance) |
Loans up to Rs. 30 L: 8.75% (BPLR - 4%) floating Loans from Rs. 30 L to Rs. 50 L: 9% (BPLR - 3.75%) floating Loans above Rs. 50 L: 9.25% (BPLR - 3.5%) floating BPLR is currently 12.75% |
| Processing Fees | Higher of 1% of loan amount |
| Loan Tenure | 5 year - 25 years |
| Amount Funded | Up to 85% of property value |
| Partial Pre-payment Charges | Nil |
| Pre-closure Charges | No fee if pre-closed after 6 months with own funds. 2% to 3% of pre-closed amount otherwise. |
| Guarantor Requirement | No guarantor required |
