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Home loans : IDBI Bank Home Loans

Helps you realise your long cherished dream of owning your home through hassle free and customer friendly home loans. The tenor of a home loan can be up to 25 years for a resident individual whereas for NRIs the maximum tenure is 15 years subject to maximum age of 60 years at maturity. Loan can be applied for a maximum of 90% of the property value subject to credit discretion

IDBI Bank Home Loan

Features:
• Tenor of a home loan can be up to 20 years for a resident individual whereas for NRIs the maximum tenure is 10 years subject to maximum age of 60 years at maturity.
• Loan can be applied for a maximum of 90% of the property value subject to credit discretion.
• Attractive home loan rates.
• Security for the loan is a first mortgage of the property to be financed, normally by way of deposit of the title deeds or such collateral security as may be necessary.
• Title to the property should be clear and free from encumbrance, i.e., without any pending legal litigation adversely affecting the ownership of the property.
• Other parameters considered include an account of your age, income, number of dependents, financial stability and co-applicant’s income.

Eligibility
Following are eligible to apply for an IDBI Home Loan:
• Salaried individuals
• Self employed professionals/businessmen
• NRIs
You can include your spouse/parents/children as co-applicant if you require higher eligibility subject to maximum of three applic

Current Home Loan Interest Rates of IDBI Home Loan

Loan Schemes	Up to 20 Lacs	Above 20 lacs to 30 Lacs	Above 30 lacs to 75 Lacs	Above 75 lacs to 1.5 Crore
IDBI Bank	11%	11.50%-11.75%	11.75%	12.25%

Disclaimer : Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.

	Salaried	Self-Employed
Age	21 years to 60 years	21 years to 65 years
Income	1,44,000 (p.a)	1,44,000 (p.a)
Loan Amount Offered	2,00,000 - 1,00,00000		2,00,000 - 1,00,00000
Tenure	5 years to 25 years		5 years to 25 years
Current Experience	2 years		3 years
Processing Fee	0.5%		0.5%
Loan to value ratio	85% of the property value		85% of the property value
Documentation	1) Complete application form 2) Address Proof 3) Age Proof 4) Income Proof 5) Last 6 months bank statement 6) last 3 months salary slip		1) Complete application form 2) Address Proof 3) Age Proof 4) Income Proof 5) Last 6 months bank statement 6) Bank statement

	Salaried	Self employed
Age	23years to 58years	25years to 65years
Income	1,20,000 p.a	1,50,000 p.a
Loan Amount Offered	5,00,000 - 3,00,00000	5,00,000 - 3,00,00000
Tenure	5years to 20years	5years to 20years
Current Experience	3years	3years
Documentation	1) Complete application form, 2) processing fees cheque, 3) Identification Proof, 4) Residential proof, 5) Signatures Proof, Last 3 months salary slip, 6) Form 16 ,Last 3 months bank statement	1) Complete application form, 2) Identification Proof, 3) Residence Proof, 4) Last 3 year ITR, 5) Last 6 months bank statement , 6) as Processing fees cheque

Loan Schemes	below 75lac	Above 75 lacs
Standard Chartered Bank	10%	10.50%

	Salaried	Self employed
Age	21years to 60years	21years to 60years
Income	Rs.1,80,000 (p.a)	Rs.2,50,000 (p.a)
Loan Amount Offered	5,00,000 - 1,00,00000	5,00,000 - 1,00,00000
Tenure	5years-20years	5years-20years
Current Experience	2years	2years
Processing Fee	0.5%	0.5%
Documentation	1) Application form with photograph 2) Identity & residence proof 3) Last 3 months salary slip 4) Form 16 5) Last 6 months bank salaried credit statements 6) Processing fee cheque	1) Application form with photograph 2) Identity & residence proof 3) Education qualifications certificate & proof of business existence 4) Business profile, 5) Last 3 years profit/loss & balance sheet 6) Last 6 months bank statements 7) Processing fee cheque

	Salaried	Self employed
AGE	23 years to 60 years	23 years to 65 years
Income	Rs.100,000 (p.a)	Rs.100,000 (p.a)
Loan Amount Offered	Upto 2crore	Upto 2crore
Tenure	5years-20years	5years-20years
Current Experience	1years	1years
Processing Fee	11000/- or 0.5%	11000/- or 0.5%
Documentation	1) Salary slips of last one month or salary certificate. 2) Form 16 3) HR certification showing all allowances and reimbursements (if any) 4) Copy of bank statement (main account) for last 6 months. 5) Photo Identity 6) Proof of signature. 7) Proof of Residence. 8) Proof of age.	1) Income tax returns for last 2 years. 2) Profit & Loss Account along with computation of Income and Balance Sheet for last 2 years, duly certified by a CA. 3) Proof of business continuity for last 3 years. 4) Copy of bank statement (main account) for last 6 months. 5) Short note on the nature of business, form of organisation, clients and suppliers, etc. 6) Photo Identity. 7) Proof of signature. 8) Proof of Residence. 9) Proof of age

	Salaried	Self employed
Age	24 years to 60 years	24 years to 65 years
Loan Amount Offered	Rs.1Lac to 50Lacs	Rs.1Lac to 50Lacs
Processing Fee	1% of the Loan Amount + applicable taxes	1% of the Loan Amount + applicable taxes
Documentation	1) Application form with photograph 2) Identity & residence proof 3) Latest salary slip, 4) Form 16 5) Last 6 months bank statements 6) Processing fee cheque	1) Application form with photograph 2) Identity & residence proof 3) Education qualifications certificate & proof of business existence 4) Business profile, Last 3 years profit/loss & balance sheet 5) Last 6 months bank statements 6) Processing fee cheque

Bank Name	Up to 20 Lacs	From 21 Lacs to 30 Lacs	From 31 Lacs to 75 Lacs	Above 75 Lacs	Processing Fee	Prepayment charges
DHFL	10.75% (Upto 15Lacs), then 11%	11%	11.25%	11.75%	0.5% - 1% (basis on profile)	If 20% of outstanding amount is paid every year -No Penalty , otherwise 2% of outstanding amount

	Salaried	Self employed
Age	Up to retirement age	Up to retirement age or 65 years whichever is earlier
Minimum Income	10,000 in Rural and 15,000 in Urban	-
Loan Amount Offered	Maximum-5,00,00,000	Maximum-5,00,00,000
Tenure	Home Extension-1yr to 20yrs Home Improvement-1yr to 10yrs Home Loan for NRI’s-1yr to 15yrs Plot Loan-1yr to 20yrs Mortgage Loan-1yr to 7yrs	Home Extension-1yr to 20yrs Home Improvement-1yr to 10yrs Home Loan for NRI’s-1yr to 15yrs Plot Loan-1yr to 20yrs Mortgage Loan-1yr to 7yrs
Processing Fee	1%	1%
Documentation	1) Complete Application Form, 2) Residence Proof, Identification Proof, 3) Income Proof, Last 3 months Salary slip or Salary Certificate, If Salary is above 10000 per month than Latest Form 16 4) Last 1 year bank statement 5) Property Documents with Map	Residence Proof, Identification Proof, Business Proof: 1) Brief Business Profile on the letter head 2) Copy of Shop & Establishment License / VAT Registration or any other mandatory license / registration 3) Copy of Partnership deed Details of Contract, 4) Copy of last 3 years Income Tax Returns, 5) Copy of last 3 Years Balance Sheet and Profit & Loss Account of the firm duly attested by a Chartered Accountant, 6) Bank Statement for the last 1 year for the Savings A/c & Current A/c 7) Form 16 /Tax deduction certificate 8) Copy of Advance Tax paid / self assessment tax paid Challan 9) Property Documents with Map

	Salaried	Self employed
Age	1years to 60years	1years to 65years
Income	1,44,000(p.a)	1,50,000(p.a)
Loan Amount	2,00,000 - 1,00,00000	2,00,000 - 2,00,00000
Tenure	5 years to 20 years	5 years to 20 years
Documentation	1) Application form with photograph 2) Identity & residence proof 3) Latest salary slip 4) Form 16 5) Last 6 months bank statements 6) Processing fee cheque	1) Application form with photograph 2) Identity & residence proof 3) Education qualifications certificate & proof of business existence 4) Business profile, Last 3 years profit/loss & balance sheet, 5) Last 6 months bank statements 6) Processing fee cheque

Product	Loan Amount	Entity	Applicable ROI	Applicable ROI for Land Loans	Fee Applicable for Salaried/Self employed
Housing & Land Loans	Upto 25 Lacs	Salaried/SEP	10.75%	11%	0.5% or 6000 whichever is less plus doc charges plus taxes (Salaried) AND 0.5% plus doc charges plus taxes (SEP)
	Above 25 Lacs and upto Rs. 75 Lacs	Salaried/SEP	11%	11.25%	0.5% or 10000 whichever is less plus doc charges plus taxes (Salaried) AND 0.5% plus doc charges plus taxes (SEP)
	Loan greater than Rs. 75 Lacs	Salaried/SEP	11.50%	11.75%	0.5% or 15000 whichever is less plus doc charges plus taxes (Salaried) AND 0.5% plus doc charges plus taxes (SEP)

Loan Schemes	Up to 25 Lacs	From 25Lacs to 75 Lacs	Above 75 Lacs
ICICI Bank Home Loan	Scheme I :10.50% (Fixed 1 yr) Scheme II : 10.75% (Fixed 2yrs) Scheme III : 10.75% (Fixed 3yrs), then 10.50%	Scheme I :11% (Fixed 1 yr), Scheme II : 11.25% (Fixed 2yrs) Scheme III : 11.25% (Fixed 3yrs), then 11%	Scheme I :11.50% (Fixed 1 yr) Scheme II : 11.75% (Fixed 2yrs) Scheme III : 11.75% (Fixed 2yrs) then 11.50%

Loan Schemes	Up to 30 Lacs	From 30 lacs to 75 Lacs	From 75 lacs to 1.5 Crore
LIC Housing Finance	Scheme I : 10.40% Scheme II : 10.70% (Fixed for 3 yrs) Scheme III : 11.15% (fixed for 5 yrs)	Scheme I : 10.40% Scheme II : 11.20% (fixed for 3 yrs) Scheme III : 11.40% (fixed for 5 yrs)	Scheme I : 10.40% Scheme II : 11.70% (Fixed for 3 yrs) Scheme III : 11.65% (fixed for 5 yrs)

Bank Name	Floating Interest rate	Processing Fee	Prepayment Charges
State Bank Of India	10.75%	Up to 25 lacs 0.25% 26-75 lacs : 10,000 75 & above : 20,000	N.A
ICICI Bank	Scheme I :10.50% (Fixed 1 yr) Scheme II : 10.75% (Fixed 2yrs) Scheme III : 10.75% (Fixed 3yrs), then 10.50%	0.50% of loan amount upto 1 crore	N.A
HDFC Ltd	Scheme I : 10.75% (Fixed for 3 yrs ) Scheme II : 11.25% (Fixed for 5 yrs ) , After that 10.50% rate or then applicable rate.	0.5% or maximum 10,000+service tax (10.30%)	No prepayment charges shall be payable for partial or full prepayments irrespective of the source
HSBC Bank	11% - Regular Home Loan 11.50% - Smart Home	INR 10,000 plus service tax & cess	NIL up to 25% of the loan amount sanctioned in every financial year and at a pre-payment charge of 3% for any excess amount.
LIC Housing	Scheme I : 10.40% Scheme II : 10.70% (Fixed for 3 yrs) Scheme III : 11.15% (fixed for 5 yrs)	Up to 30 lacs : 10,000+ 10.30%(Service tax) 30 - 50 lacs : 15,000+10.30%(service tax) 50 & above : 20,000+10.30%( Service tax)	2% of out standing Payment
AXIS Bank	Scheme I :11.75% (Fixed for 20 yrs) Scheme II : 10.75% (Upto 25Lacs),Then 11%	1% of the loan amount + applicable taxes	2% (For Scheme I) Nil (For Scheme II)
IDBI	11% (Upto 25Lacs), Then 11.50% - 11.75%	Up to 1%of loan amount (Rs 2500 to be collected at login and balance at the time of sanction )	If Balance Transfer then 2% Otherwise Nil
ING Vysya	10.75%	5000 + 10.30% (service tax) (Upto 20Lacs) 5000 + 10.30% (service tax) (Above 20Lacs)	2%
Standard Chartered	10.75% - 11.25%	0.5%	2.5%
DHFL	11.50%	0.5% - 1%(basis on profile)	If 25% of outstanding amount is paid every year -No Penalty , otherwise 2% of outstanding amount
Citibank	10.50% (Upto 25Lacs), then 11%	0.5%+Service tax	2%
Deutsche Bank	10.50% - 11%	10000 + Service Tax	up to 90% no charges after that 2.5%
India Bulls	10.50% (Upto 25Lacs), Then 11%	upto 30lacs - 2,500 + 10.30% (service tax) above 30lacs to 1.5Cr - 5,000 + 10.30%(service tax) Above 1.5Cr - 10,000 + 10.30%(service tax)	2%-3%
Allahabad Bank	12.75%	0.50% of loan amount, Maximum Rs. 10,000/-	N.A
Bank of Maharastra	11.20%	N.A	N.A
Central Bank of India	11.75%	0.50 % of loan amount, maximum Rs.20,000	N.A
Corporation Bank	11.75% (Upto 25Lacs), then 12%	Upto Rs.5 lakhs 0.50% of loan subject to min. Rs.1,000/- & max. Rs.2,500/- Above Rs.5 lakhs & upto Rs.15 lakhs 0.50% of loan subject to min. Rs.2,500/- & max. Rs.7,500/- Above Rs.15 lakhs & upto Rs.20 lakhs 0.50% of loan subject to min. Rs.7,500/- & max. Rs.10,000/- Above Rs.20 lakhs 0.50% of loan subject to min. Rs.10,000/- & max. Rs.50,000/-	N.A
Bank of India	11% (Upto 25 Lacs), Then 11.75%	For loans upto Rs.30 lacs One time @ 0.55% of loan amount min. Rs. 3000/- and max. Rs.10000/- For Loan over Rs.30 Lacs upto Rs.50 lacs � One time flat Rs.15,000/- For Loan over Rs.50 Lacs upto Rs.1.00 crore � One time flat Rs.20,000/-	2.25% of outstanding loan amount.
Union Bank of India	11.75%	0.25% of loan amount subject to a maximum of Rs.15000/- plus service tax as applicable	N.A
United Bank of India	12.10%	0.50% of the loan amount	N.A
UCO Bank	12.25% - 12.75%	-	N.A
Bank of Baroda	11.75%	N.A	N.A
Canara Bank	11.75%
Oriental Bank of Commerce	11.50%	Nil for fresh Loans upto Rs.20.00 lac, For Loans above Rs.20.00 lacs 0.50% of the loan amount subject to a maximum of Rs.12,500/-	N.A
Kotak Bank	11.25%( for Salaried), 11.50%( for Self Employed)	0.25% - 0.5%	2% of Principal Outstanding + 2% on amount prepaid in last 12 months
Dena Bank	11.15% (Upto 25Lacs), Then 11.75% - 12.25%	N.A	N.A
Punjab National Bank	11.75%
First Blue Home Finance	10.50% (for Salaried / SEP), 11% (For Self Employed) (Upto 25Lacs), Then 10.75% (for Salaried / SEP), 11.25% (For Self Employed)	Salaried - 0.5% or 6000 whichever is less plus doc charges plus taxes (upto 25 lacs), 0.5% or 10000 whichever is less plus doc charges plus taxes (25-75 lacs), 0.5% or 15000 whichever is less plus doc charges plus taxes (above 75 lacs). Self Employed - 0.5% plus doc charges plus taxes.	Nil
Vijaya Bank	11.50%	N.A	N.A
Syndicate Bank	11% (Upto 25 Lacs), Then 12.50%	N.A	N.A
Indian Overseas Bank	11.50%	N.A	N.A
Barclays Bank	11% - 11.25%	0.25%( for salaried ) , 0.50%( for Self employed)	3%
Reliance	11%
Federal Bank	10.78%	0.50%
PNB Housing Finance	10.75% (Salaried/SEP) , 11.25%(SENP)	0.5%	2%
Development Credit Bank	11.50%	0.5%	If 25% of outstanding amount is paid within 3 years - No Penalty , otherwise 2% of outstanding amount
State Bank of Travancore	11.25%	Nil	2% of the outstanding loan amount
Tata capital Housing Finance ltd	10.75%	0.5 to 1% off the loan amount.	N.A
Dhanalakshmi Bank	12.25% (Uto 25Lacs), then 12.75%	a) Loans Upto Rs 20 lacs -Rs 3500 plus service tax b) Loans > Rs 20 lacs - Rs 5000 plus service tax	25% of outstanding loan amount is paid every financial year without charges.

Documents	Salaried	Self Employed	NRI
Personal Documents	• Pan Card. • Residence proof. • Age and Identity Proof.	• Pan Card. • Id and D.O.B proof of guarantor. • Residence and office address proof of applicant and guarantor. • Qualification proof of self employed professional.	• Copy of Passport and valid visa. • Copy of valid work permit. • Copy of PIO card of person of Indian origin . • Copy of identity card issued by current employer.
Other Documents	• 3-6 salary slips with bank statement reflecting salary credits. • All bank A/Cs of the applicant for last 3 months. • Increment/Appointment letter.	• P/L Account+ B/S along with ITR computation for last year. • VAT Returns, TDS Certificates, Audit report, schedules. • Last 6 months bank statement. • For rental Income: ITR, Bank, credit, ownership proof, rent agreement. • Business profile.	• Copy of employment contract/increment/confirmation letter. • Past occupation history ( last 3 years). • Latest salary Slips/salary certificate. • Overseas and domestic bank account statement for the last six month ( including NRE/NRO accounts).
Personal Documents	• Filled application form with recent passport size photograph • Processing fee cheque in favour of 'First Blue Home Finance Limited' • Property documentations • Any other documents as may be required	• Filled application form with recent passport size photograph • Processing fee cheque in favour of 'First Blue Home Finance Limited' • Property documentations • Any other documents as may be required • Director's and stakeholder's List MOA/Partnership deed	• Latest Credit Score Report • Overseas and domestic loan detail • Filled application form with recent passport size photograph • Processing fee cheque in favour of ' First Blue Home Finance Limited' from NRE/NRO account

	Salaried	Self employed
Age	21years to 65years	21years to 65years
Income	Rs.1,44,000 (p.a)	Rs.1,50,000 (p.a)
Loan Amount Offered	2,00,000 - 1,00,00000	2,00,000 - 2,00,00000
Tenure	5years-20years	5years-20years
Current Experience	1years	3years
Processing Fee	0.5% of loan amount as Administrative Fee or Rs. 2,000, whichever is higher	0.5% of loan amount as Administrative Fee or Rs. 2,000, whichever is higher
Documentation	1) Application form with photograph 2) Identity & residence proof 3) Latest salary slip 4) Form 16 5) Last 6 months bank statements 6) Processing fee cheque	1) Application form with photograph 2) Identity & residence proof 3) Proof of business existence 4) Profile of the Business 5) Last 3years ITR 6) Last 6 months bank statements 7) Processing fee cheque

Loan Schemes	Upto & including Rs 30 lacs	above 30lacs to 75lacs	above 75lacs
HDFC Ltd (Floating Rates)	Scheme I : 10.75% (Fixed for 3 yrs ) Scheme II : 11.25% (Fixed for 5 yrs ) After that 10.50% rate or then applicable rate.	Scheme I : 11.25% (Fixed for 3 yrs ) Scheme II : 11.50% (Fixed for 5 yrs) After that 10.75% rate or then applicable rate.	Scheme I : 11.75% (Fixed for 3 yrs ) Scheme II : 11.75% (Fixed for 5 yrs) After that 11% rate or then applicable rate.

Salaried Customers	Self Employed Professionals	Self Employed Businessman
Application form with photograph	Application form with photograph	Application form with photograph
Identity and Residence Proof	Identity and Residence Proof	Identity and Residence Proof
Latest Salary-slip	Education Qualifications Certificate and Proof of business existence	Education Qualifications Certificate and Proof of business existence
Form 16	Last 3 years Income Tax returns (self and business)	Business profile
Last 6 months bank statements	Last 3 years Profit /Loss and Balance Sheet	Last 3 years Income Tax returns (self and business) Last 3 years Profit /Loss and Balance Sheet
Processing fee cheque	Last 6 months bank statements Processing fee cheque	Last 6 months bank statements (self and business) Processing fee cheque

	Salaried	Self employed
AGE	18years to 60years	18years to 60years
Income	Rs.15000 (p.m) NTH	ITR - 2,00,000(p.a)
Loan Amount Offered	5,00,000 - 1,00,00000	5,00,000 - 2,00,00000
Tenure	5 years - 25 years	5 years - 20 years
Current Experience	2 years	3 years
Processing Fee	1% of Loan Amount	1% of Loan Amount
Documentation	1) Application form with photograph. 2) Identity & residence proof. 3) Latest 3 months salary slip. 4) Form 16 5) Last 6 months salaried bank statements 6) Processing fee cheque	1) Application form with photograph. 2) Identity & residence proof. 3) Education qualifications certificate & proof of business existence. 4) Business profile, Last 3 years profit/loss & balance sheet. 5) Last 6 months bank statements. 6) Processing fee cheque

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