Home Loan EMI Calculator

IDBI BANK

1. HOME LOAN ELIGIBILITY

• Salaried Individuals (Including NRIs/PIOs):

• Minimum Age: 22 years.

• Maximum Age at Loan Maturity: 70 years or retirement age, whichever is earlier.

• Self-Employed Professionals & Non-Professionals:

• Minimum Age: 25 years.

• Maximum Age at Loan Maturity: 65 years or retirement age, whichever is earlier.

Eligibility depends on income continuity and repayment capacity as assessed by IDBI Bank.

2. HOME LOAN CHARGES

• Processing Fees:

• Applicable charges vary based on the loan amount (contact IDBI Bank for specific details).

3. HOME LOAN INTEREST RATES

• Interest rates are tailored to the applicant's profile, loan amount, and repayment tenure.

4. DOCUMENTS REQUIRED FOR HOME LOAN

1. Application Form:

• Completed form with a recent photograph.

2. Identity & Address Proof:

• Acceptable documents include Aadhaar, PAN, Passport, or utility bills.

3. Income Proof:

• For salaried individuals: Last 3 months’ salary slips or Form 16.

• For self-employed individuals: Latest ITR with financial documents.

4. Bank Statements:

• Last 6 months’ bank statements.

5. Processing Fee Cheque:

• As per applicable charges.

5. FEATURES & BENEFITS OF HOME LOAN

1. Loan Amount:

• Up to ₹30 lakh: Up to 90% of property value.

• ₹30 lakh to ₹75 lakh: Up to 80% of property value.

• Above ₹75 lakh: Up to 75% of property value.

2. Repayment Tenure:

• Salaried Individuals: Up to 30 years.

• Self-Employed Professionals & Non-Professionals: Up to 20 years.

3. Top-Up Loan Facility:

• Additional funds up to 100% of the original loan amount.

4. Loan Takeover Facility:

• Transfer your existing loan from another financial institution with a repayment track record of at least 6 months.

5. Flexible Loan Options:

• Tailored repayment plans based on individual repayment capacity.