1 Crore IDBI Bank Home Loan

IDBI Bank offers a substantial home loan option for those looking to borrow up to 1 crore. This loan is ideally designed to help individuals achieve their dream of owning a spacious and comfortable home. The bank further provides competitive interest rates, reduced processing fees, flexible repayment options, and fast loan processing, making it a more borrower-friendly credit option. However, before finalising your decision, it is advisable to clearly understand the terms and conditions of a 1 crore home loan EMI IDBI Bank. This ultimately helps you to make more informed decisions and avoid unnecessary financial strain. Thus, this blog on IDBI Bank home loan interest rate for 1 crore contains information about the applicable eligibility, required documents, and associated fees. Let’s get started!

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Table of Content

1. 1 Crore Home Loan IDBI Bank Highlights

2. 1 Crore Home Loan EMI for 5 Years IDBI Bank

3. 1 Crore Home Loan EMI for 10 Years IDBI Bank

4. 1 Crore Home Loan EMI for 15 Years IDBI Bank

5. 1 Crore Home Loan EMI for 20 Years IDBI Bank

6. 1 Crore Home Loan EMI for 25 Years IDBI Bank

7. 1 Crore IDBI Bank Home Loan Fees and Charges

8. 1 Crore IDBI Bank Home Loan Documents Required

9. 1 Crore IDBI Bank Home Loan Eligibility Criteria

Written By

Hepson Franklin

Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.

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Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

1 Crore Home Loan IDBI Bank – Highlights

The IDBI Bank home loan interest rate for 1 crore and other key parameters are as follows:

Interest Rates	8.75% p.a. onwards
Loan Amount	Up to 75% of the property value
Loan Tenure	30 years or 70 years old, whichever comes earlier
Eligibility	Available to both salaried and self-employed individuals

1 Crore Home Loan EMI for 5 Years IDBI Bank

Below are the rates for a 1 crore home loan EMI in IDBI Bank with a tenure of 5 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹1 crore	8.75% p.a.	5 years	₹2,06,372	₹23,82,320	₹1,23,82,320

1 Crore Home Loan EMI for 10 Years IDBI Bank

Below are the rates for a 1 crore home loan EMI for 10 years from the IDBI Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹1 crore	8.75% p.a.	10 years	₹1,25,327	₹50,39,240	₹1,50,39,240

1 Crore Home Loan EMI for 15 Years IDBI Bank

Below are the rates of IDBI Bank home loan 1 crore EMI with a tenure of 15 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹1 crore	8.75% p.a.	15 years	₹99,945	₹79,90,100	₹1,79,90,100

1 Crore Home Loan EMI for 20 Years IDBI Bank

Below are the rates for a 1 crore home loan EMI for 20 years from the IDBI Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹1 crore	8.75% p.a.	20 years	₹88,371	₹1,12,09,040	₹2,12,09,040

1 Crore Home Loan EMI for 25 Years IDBI Bank

Below are the rates for a 1 crore home loan EMI in IDBI Bank with a tenure of 25 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹1 crore	8.75% p.a.	25 years	₹82,214	₹1,46,64,200	₹2,46,64,200

1 Crore IDBI Bank Home Loan – Fees and Charges

Applicants should be aware of certain fees and charges in addition to the IDBI Bank home loan interest rate of 1 crore:

Fee/Charge	Amount
Processing fees	0.50% of the loan amount
Prepayment charges	Nil
Penal interest rate	5% p.a. on the overdue amount
Legal & other statutory charges	As per actual

1 Crore IDBI Bank Home Loan – Documents Required

The following are the required documents for an IDBI Bank 1 crore home loan:

KYC Documents: Aadhar card, PAN card, passport, driving license, or voter ID.
Income Documents: Last 3 months’ salary slips, 6 months’ bank statements, and Form 16/ITR.
Additional Documents: Completed application form and a passport-sized photograph.

1 Crore IDBI Bank Home Loan – Eligibility Criteria

The 1 crore home loan eligibility from the IDBI Bank is as follows:

Age Limit: Applicants must be between 22 and 70 years old.
Income Requirement: Applicant must have a regular source of income to cover the loan repayment.
Credit Score: Applicants must have a good repayment history and a positive credit score, preferably 700 or above.
Nationality: Applicants must be Indian citizens.

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Frequently Asked Questions (FAQs)

What is the EMI for a 1 crore home loan for 20 years in IDBI Bank?

The estimated EMI for a 1 crore home loan for 20 years in IDBI Bank is ₹88,371, subject to a base interest rate of 8.75% per annum.

Who is eligible for a 1 crore home loan in IDBI Bank?

Salaried and self-employed individuals are eligible for a 1 crore home loan from IDBI Bank.

What is the monthly interest rate of a 1 crore home loan in IDBI Bank?

The monthly interest rate of a 1 crore home loan in IDBI Bank can be approximately 0.73%.