IDBI Home Loan – Interest Rates 2020, EMI Eligibility Calculator

Check IDBI Home Loan ✓ Interest Rates @ 8.20% ✓ Eligibility criteria ✓ Documentation ✓ Apply online for IDBI housing loan with ✓ low EMI and ✓ instant quotes online.

Advantages of IDBI Bank Ultra Flexible Home Loans

  • You can easily choose between floating & fixed rate options
  • Attractive rate of interest
  • EMI on daily reducing balance
  • Personalised & effective doorstep service
  • Simple documentation makes procedure easy
  • Balance transfer facility available online

Home Loan applications received for rupees ₹ 419,027 crores till 19 January 2020

Apply for Home Loan & Check your CIBIL score absolutely FREE.

Loan Amount

Annual Income


54,02,013 loan quotes taken till now.
  • 54 lakh customers serviced to get best Loan deals with deal4loans. Deal4loans views Published @
  • As RBI cuts rate, should you go for fixed home loan Deal4loans views Published @ Economic Times online.

IDBI Bank Home Loan Interest Rates 2020

IDBI BANK Home loan Salaried Home loan Self Employed
For all loan amounts 8.25% – 8.60% 8.35% – 8.80%

Compare IDBI with Other Banks Interest Rates on Home Loans

Eligibility required for IDBI Home Loans

Following are eligible to apply for an IDBI Home Loan:

  • Salaried individuals
  • Self employed professionals/businessmen
  • NRIs

Income Tax Benefits on IDBI Home Loans

As per the current finance bill you can get:

  • A maximum deduction of Rs. 2,00,000 on your income towards interest paid on your home loan u/s 24
  • A maximum deduction of Rs. 1,50,000 on the principal repaid u/s 80 CCE

The above benefits are available subject to you fulfilling certain conditions, for which you should refer the IT Act 1961

Pre payment/ Foreclosure

Prepayment /foreclosure allowed after 6 months of final disbursement. In case of prepayment/ foreclosure of home loan from own source of funds, no pre-payment charges will be levied. However, a Pre-payment Fees of 2% on Principal outstanding will be levied, if pre-payments are from other then own sources.

Borrowers can apply for IDBI home loans through 1780 branches & 1321 centres of IDBI Bank across all over the India.

Other Available Products of IDBI:

Source: IDBI Bank Website