3 Crore IDBI Bank Home Loan

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The 3 crore IDBI Bank home loan is offered to people who need a lumpsum amount to purchase a home of their choice. This loan scheme is provided to lessen the financial burden at an attractive interest rate of 8.45% per annum and can be repaid over a period of 30 years. Applicants with a decent credit score and repayment history can benefit from additional features. Continue scrolling to learn more about the 3 crore IDBI Bank home loan, eligibility and the EMI if the loan is availed for 10 or 20 years.

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Table of Content

1. 3 Crore Home Loan IDBI Bank Highlights

2. 3 Crore IDBI Bank Home Loan EMI For 5 Years

3. 3 Crore IDBI Bank Home Loan EMI For 10 Years

4. 3 Crore IDBI Bank Home Loan EMI For 15 Years

5. 3 Crore IDBI Bank Home Loan EMI For 20 Years

6. 3 Crore IDBI Bank Home Loan EMI For 25 Years

7. 3 Crore IDBI Bank Home Loan Fees & Charges

8. 3 Crore IDBI Bank Home Loan Documents Required

9. 3 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.

Reviewed By

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.

3 Crore Home Loan IDBI Bank – Highlights

Prospective homebuyers looking to purchase their dream home can review the key features of IDBI Bank’s 3 crore home loan:

Interest Rates	Interest rate starts at 8.45% p.a. onwards
Loan Amount	Up to 90% of the property’s value can be availed by the home applicant
Loan Tenure	Up to 20 to 30 years, depending on the eligibility of the customer
Eligibility	The applicant can be a salaried individual, including NRIs & PIOs, self-employed professional or non-professional.

3 Crore IDBI Bank Home Loan EMI For 5 Years

The home loan applicant will have to pay the following EMI over the tenure of 5 years for a 3 crore IDBI Bank home loan:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹3 crore	8.45% p.a.	5 years	₹4,09,849	₹45,90,930	₹2,45,90,930

3 Crore IDBI Bank Home Loan EMI For 10 Years

For a 3 crore home loan from IDBI Bank, the applicant will need to pay the following EMI over a 10-year tenure:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹3 crore	8.45% p.a.	10 years	₹2,47,437	₹96,92,424	₹2,96,92,424

3 Crore IDBI Bank Home Loan EMI For 15 Years

The applicant will be required to pay the following EMI over a 15-year period for a 3 crore home loan from IDBI Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹3 crore	8.45% p.a.	15 years	₹1,96,362	₹1,53,45,192	₹3,53,45,192

3 Crore IDBI Bank Home Loan EMI For 20 Years

The applicant must pay the following EMI over a 20-year term for a 3 crore home loan from IDBI Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹3 crore	8.45% p.a.	20 years	₹1,72,932	₹2,15,03,740	₹4,15,03,740

3 Crore IDBI Bank Home Loan EMI For 25 Years

The home loan applicant will need to pay the following EMI over a 25-year term for a 3 crore home loan from IDBI Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹3 crore	8.45% p.a.	25 years	₹1,60,372	₹2,81,11,625	₹4,81,11,625

3 Crore IDBI Bank Home Loan – Fees & Charges

The applicable fees and charges of the 3 crore IDBI Bank home loan are as follows:

Processing fee

It will be Between Rs 5,000 to Rs 16,000

3 Crore IDBI Bank Home Loan – Documents Required

To apply for a 3 crore home loan from IDBI Bank, ensure you have the following documents:

Completed application form with your photograph
Proof of identity and address
Salary slips for the last 3 months
Proof of tax returns
Bank statements for the last 6 months
Processing fee cheque

3 Crore IDBI Bank Home Loan – Eligibility Criteria

Meet the following eligibility criteria if you are willing to apply for a 3 crore IDBI Bank home loan:

Category	Minimum Age	Maximum Age at Loan Maturity	Proof of Income
Salaried Individuals (including NRIs and PIOs)	22 years	70 years or retirement age, whichever comes first	Yes
Self-employed Professionals	25 years	65 years or retirement age, whichever comes first	Yes
Self-employed Non-Professionals	25 years	65 years or retirement age, whichever comes first	Yes

Frequently Asked Questions (FAQs)

What is the EMI for a 3 crore IDBI Bank home loan for 20 years?

The EMI for a 3 crore IDBI Bank home loan, if availed for tenure at an interest rate of 8.45% for 20 years, will be ₹1,72,932.

Who is eligible for a 3 crore IDBI Bank home loan?

The applicant can be a salaried individual, including NRIs and PIOs, or a self-employed professional or non-professional.

What is the monthly interest of a 3 crore IDBI Bank home loan?

Since the annual interest rate of a 3 crore IDBI Bank home loan is 8.45% per annum, the monthly interest rate is 0.70%.

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