IDBI Home Loan – Interest Rates 2021, EMI Eligibility Calculator
Check IDBI Home Loan ✓ Interest Rates @ 6.90% ✓ 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 16 April 2021
IDBI Bank Home Loan Interest Rates 2021
| IDBI BANK | Home loan Salaried | Home loan Self Employed |
| For all loan amounts | 6.90% – 8.40% | 7.15% – 9.90% |
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