Home Loan
Home, sweet home, built out of your dreams. A place where you return after a hard day's work and relax, a place where you share precious moments with your family. A place that gives you a sense of belonging. We are here to help you realize your long cherished dream of owning your home through hassle free and customer friendly home loans.
Home loan Banks  IDBI HomeLoan

Home Loan from IDBI Home Finance

Eligibility
Age: At least 21 years of age and are employed or self employed

Co-applicant
You can include your spouse/parents/brother/sister as co-applicant. We will be glad to include his/her income in enhancing your loan amount (provided the co-applicant meets certain conditions). You can even have your fiancé/fiancée as a co-applicant.

Loan Amount
You can get a loan from Rs 10,000 up to a maximum of Rs 1 crore. Your loan amount will depend upon your repayment capacity, as mutually determined by you and IDBI Homefinance (subject to a maximum of 90% of the cost of property). In case you wish to construct a house on a plot of land, the loan amount could go up to 100% of the cost of construction.

Period
The maximum repayment period is 20 years and should not extend beyond your retirement age or 65 years if you are self employed, whichever is earlier

Other Charges - Fees
Loan Amount Processing & Admin Fees
Up to Rs. 1 crore 1% of loan amount, payable upfront

Repayment
Repayment of your loan will be in Equated Monthly Installments (EMIs), comprising of principal and interest calculated annually.

Documents
The following list of documents will be needed while applying for a home loan :
• Residence and age proof, which can be established from the Ration Card, Birth Certificate, School Leaving Certificate, Election ID, PAN Card, Drivers License or Passport.
• Signature verification from the banker from where the post-dated cheques are issued.
• Bank statements for the last six months.
For salaried individuals :
• Latest salary slip
• Form 16 from the employer
For self employed individuals :
• Certified copies of Balance Sheet and Profit and Loss account, Income Tax Returns' acknowledgments, Advance Tax challans (for both company/firm and personal account) for the last three years.
• Memorandum/Articles of Association for companies/partnership deeds for firms. And a brief profile of your co


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