15 Lakh IDBI Bank Home Loan

IDBI Bank helps you make your dream home a reality. They offer affordable interest rates (starting at 8.45%, subject to change) and flexible repayment plans (up to 30 years) to fit your budget. Plus, applying for a loan is easy, with minimal fees. IDBI Bank goes the extra mile with features like no prepayment penalties and the option to make partial payments towards your loan. Whether you're buying a new home, building your dream house, or fixing up your current one, IDBI Bank home loans has a home loan solution for you.

15 Lakh Home Loan IDBI Bank – Highlights 

Here are some highlights of the 15 lakh IDBI Bank home loan:

15 Lakh Home Loan EMI For 5 Years IDBI Bank 

We have calculated the EMI of a 15 lakh home loan from IDBI Bank. So that you can plan without any hassle:

15 Lakh Home Loan EMI For 10 Years IDBI Bank

EMI of a 15 lakh home loan for 10 years. The interest rate may vary according to your credit score:

15 Lakh Home Loan EMI For 15 Years IDBI Bank 

Here are the EMI details of the 15 lakh home loan from IDBI Bank:

15 Lakh Home Loan EMI For 20 Years IDBI Bank 

Given below are the details of a 15 lakh home loan EMI for a tenure of 20 years:

15 Lakh Home Loan EMI For 25 Years IDBI Bank 

Know how your EMI is going to look for 25 years with a 15 lakh home loan from IDBI Bank:

15 Lakh IDBI Bank Home Loan – Fees and Charges 

Fees and charges for a 15 lakh home loan from IDBI Bank:

• Foreclosure Charges:
  • Floating Rate Home Loans to Individuals: NIL
  • Fixed Rate Home Loans (within 6 months): 2% on outstanding amount
• Part Payment Terms:
  • Home Loan: Not more than one prepayment in a month, minimum INR 25,000
  • Loan Against Property: Four times in a financial year, a maximum of 30% of the sanctioned amount
• Processing & Administrative Fees:
  • Based on loan amount ranges, starting from INR 5,000 for home loans up to Rs. 35 lakh
• Interest Rate Conversion Charges:
  • From floating rate to another applicable rate: Rs. 5,000 for individual accounts
• Other Charges:
  • NEFT/RTGS/IMPS charges vary by transaction amount
  • Cash deposit and chequebook issuance charges are applicable

15 Lakh IDBI Bank Home Loan – Documents Required 

To apply for a 15 lakh home loan with IDBI Bank, you’ll need to submit a completed application form with a recent photo, along with valid ID proof and proof of residence. Additionally, they require income verification documents, including the latest 3 months’ salary slips/income statements, Income Tax Returns (ITR) for the past two years with income computation, and your bank statements for the last six months reflecting salary credits and other transactions.

15 Lakh IDBI Bank Home Loan – Eligibility Criteria 

Eligibility criteria for a 15 lakh home loan from IDBI Bank:

• Open to both salaried individuals and self-employed professionals.
• Applicants must be at least 22 years old and not older than 70.
• Demonstrated income stability and sufficient financial capacity to repay the loan.
• Required documents include valid identity proof, address proof, income proof, and any additional documents specified by IDBI Bank.