IDBI Bank is an Indian government-owned financial service company, formerly known as Industrial Development Bank of India, headquartered in Mumbai, India. It was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry. IDBI is one of the leading government banks in India.
IDBI Bank brings Loan against property to enable you to unlock the power of your property. You can mortgage your residential, commercial or Industrial property to get a loan & meet all your financial requirements.
1. Loan Purpose:-
Business Expansion Education/Marriage expenses Purchase of house Improvement/Extension of existing Property Medical Treatment Any other personal Need.2. Loan Amount: Up to Rs.10cr, Loan above Rs.10cr can be provided depending upon individual cases.
3. Loan Tenure: Up to 15 Years.
4. Processing Fees: Up to 1% of the loan amount plus service tax as applicable.
5. Maximum Funding: Up to 65% of the market value of the property (Residential Self Occupied) Up to 55% of the market value of the property (Residential Leased Out) Up to 50% of the market value of the property(Commercial/Industrial) More funding to existing Bank's customer.
| Salaried Customers | Self Employed Professionals | Self Employed Non Professionals |
|---|---|---|
| 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 for last 3 months | Education Qualifications Certificate and Proof of business existence | Proof of business existence |
| Form 16/ITR | Last 3 years Income Tax returns (self and business) | Business profile |
| Last 6 months bank statement | Last 3 years Profit /Loss and Balance Sheet |
Last 3 years Income Tax returns Last 3 years Profit /Loss Balance |
| Processing fee cheque |
Last 6 months bank statements Processing fee cheque |
Last 6 months bank statements (self and business) Processing fee cheque |
| Property Related Documents | All Title related Documents along with approved sanction/building plan. | All Title related Documents along with approved sanction/building plan. |
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.
Owning a home is one of life's biggest aspirations, at IDBI their home loan solutions are designed to offer you convenience and make the journey to your dream home a pleasant one. Their home loan solutions cater to your home loan requirements in a customized manner.
Assistance in property search and due-diligence of property for acquisition. In-principle loan approval even before property is selected. Extensive Range of Home Loan Products viz Home Loan, Home Loan Interest Saver, Home Loan -Top up, Home Loan - takeover facility, Home Improvement Loan, Home Extension Loan, Home Loan - Booking Finance, Loan on second Charge/Pari-passu charge and Home Loan-Refinance Facility. Customized Home Loan Features for Salaried (Including NRI), Self Employed Professional and Self Employed Non Professional (Business Category). Already approved projects for convenience of Home Loan buyers Flexible Loan Repayment Option viz. Flexible Loan Installment Plan, Step up & Step down repayment facility, Tranche Based EMI. Broad presence in India with1200 Branches and 66 dedicated Loan Processing Retail Asset Centers. Loan from anywhere to purchase Home anywhere in India. Most experienced personnel for smooth and easy loan processing. Online application facility. 
Salaried individuals who have at the time of loan application attended the age of 22 years and maximum age at the termination of loan should not be 70 years subject to establishment of satisfactory repayment. Self Employed Professionals (viz.doctors, engineers, dentists, architects, chartered accountants, management consultant, company secretary, etc) who have attended the age of 25 years at the time of application and maximum age at the time of termination of loan should not be above 70 years. Self Employed Non Professionals (Businessmen) who have attended the age of 25 years at the time of application and maximum age at the termination of loan should not be above 65 years. Maximum age under the category may be relaxed subjected to availability of proper succession plan of the business.| Salaried Customers | Self Employed Professionals | Self Employed Non Professionals |
|---|---|---|
| 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 for last 3 months | Education Qualifications Certificate and Proof of business existence | Proof of business existence |
| Form 16/ITR | Last 3 years Income Tax returns (self and business) | Business profile |
| Last 6 months bank statement | Last 3 years Profit /Loss and Balance Sheet |
Last 3 years Income Tax returns Last 3 years Profit /Loss Balance |
| Processing fee cheque |
Last 6 months bank statements Processing fee cheque |
Last 6 months bank statements (self and business) Processing fee cheque |
