20 Lakh IDBI Bank Home Loan

Everyone aspires to purchase a dream home, but most individuals cannot fulfil this dream because of financial constraints. IDBI Bank's 20 Lakhs home loan schemes are for those individuals who want to avail of instant funds and pay flexible EMIs without worrying about the budget. Offering long repayment tenures, IDBI Bank home loan is known for its quick processing and quality of service. With interest rates starting at just 8.45% per annum, IDBI Bank home loan is a budget-friendly option for individuals who want to fulfil their dream purchase as soon as possible. Keep reading further to learn more about this home loan scheme and check the EMI for 10 and 20 years if you wish to avail of an IDBI Bank Rs 20 Lakhs home loan.

20 Lakhs Home Loan IDBI Bank – Highlights

Individuals aspiring to purchase their dream home can check the 20 Lakhs IDBI Bank’s home loan highlights:

20 Lakhs IDBI Bank Home Loan EMI For 5 Years

The EMI on a tenure of 5 years, if you avail of an IDBI Bank 20 Lakhs home loan, will be:

20 Lakhs IDBI Bank Home Loan EMI For 10 Years

Over a tenure of 10 years, IDBI Bank Rs 20 Lakhs home loan EMI will be:

20 Lakhs IDBI Bank Home Loan EMI For 15 Years

A 20 lakhs IDBI Bank home loan EMI for a tenure of 15 years will be as follows:

20 Lakhs IDBI Bank Home Loan EMI For 20 Years

The EMI on a 20 Lakhs IDBI Bank home loan, if availed for a tenure of 20 years, is going to be as follows:

20 Lakhs IDBI Bank Home Loan EMI For 25 Years

The EMI for a 20 Lakhs home loan from IDBI Bank, taken for a 25-year tenure, will be as follows:

20 Lakhs IDBI Bank Home Loan – Fees & Charges

The following fees & charges will be applicable on your Rs 20 lakhs IDBI Bank home loan:

Rs 20 Lakhs IDBI Bank Home Loan – Documents Required

To avail of a Rs 20 lakhs IDBI Bank home loan, carry the following documents:

• Application form with your photograph
• Identity & an address proof
• Latest 3 month’s salary slip
• Tax Returns Proof
• Last 6 month’s bank statement processing fee cheque

Rs 20 Lakhs IDBI Bank Home Loan – Eligibility Criteria

For salaried individuals, including NRIs and PIOs, the minimum age to apply is 22 years. In comparison, the maximum age at loan maturity is either 70 years or the retirement age, whichever comes first, provided there is proof of continued income. For self-employed professionals and non-professionals, the minimum age to apply is 25 years, with a maximum age at loan maturity of either 65 years or the retirement age, whichever is earlier, again subject to proof of continued income.