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
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.
Compare Home Loan Rate of interest
