30 Lakh IDBI Bank Home Loan

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IDBI Bank is a scheduled commercial bank owned by the Government of India and the Life Insurance Corporation of India. IDBI Bank provides loan products that effectively support its customers' financial needs. One of the prominent offerings is the 30 lakh home loan, which is designed to assist homebuyers in acquiring their dream homes with ease. The IDBI Bank home loan for 30 lakhs comes with competitive interest rates, flexible tenure options, and minimal processing fees, making it a favourable option for prospective homeowners. This article delves into the details of the 30 lakh home loan offered by IDBI Bank, including EMI calculations and eligibility criteria.

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Table of Content

1. 30 Lakh Home Loan IDBI Bank Highlights

2. 30 Lakh Home Loan EMI for 5 Years IDBI Bank

3. 30 Lakh Home Loan EMI for 10 Years IDBI Bank

4. 30 Lakh Home Loan EMI for 15 Years IDBI Bank

5. 30 Lakh Home Loan EMI for 20 Years IDBI Bank

6. 30 Lakh Home Loan EMI for 25 Years IDBI Bank

7. 30 Lakh IDBI Bank Home Loan Fees and Charges

8. 30 Lakh IDBI Bank Home Loan Documents Required

9. 30 Lakh IDBI Bank Home Loan Eligibility Criteria

Written By

Amrita Sinha

Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.

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.

30 Lakh Home Loan IDBI Bank – Highlights

Key highlights of the 30 Lakh Home Loan IDBI Bank are mentioned below:

Feature	Details
Interest Rate	9.10% p.a. onwards
Loan Amount	Up to 90% of the market value of the property
Processing Fees	0.50% of the loan amount
Max Tenure	30 Years

30 Lakh Home Loan EMI for 5 Years IDBI Bank

For a tenure of 5 years, the EMI for a 30 lakh home loan from IDBI Bank with an interest rate of 9.10% per annum can be calculated as follows:

Tenure	Monthly EMI	Total Amount Payable
5 Years	62,379	37,42,760

30 Lakh Home Loan EMI for 10 Years IDBI Bank

EMI for a 30 lakh home loan from IDBI Bank with an interest rate of 9.10% per annum and a tenure of 10 years is:

Tenure	Monthly EMI	Total Amount Payable
10 Years	38,036	45,64,320

30 Lakh Home Loan EMI for 15 Years IDBI Bank

For 15 years, the EMI for a 30 lakh home loan from IDBI Bank with an interest rate of 9.10% is:

Tenure	Monthly EMI	Total Amount Payable
15 Years	30,739	45,64,320

30 Lakh Home Loan EMI for 20 Years IDBI Bank

For a tenure of 20 years, the EMI calculations for a 30 lakh home loan from IDBI Bank with an interest rate of 9.10% per annum are below:

Tenure	Monthly EMI	Total Amount Payable
20Years	27,185	65,24,405

30 Lakh Home Loan EMI for 25 Years IDBI Bank

EMI for a 30 lakh home loan from IDBI Bank for a tenure of 25 years, with an interest rate of 9.10% per annum:

Tenure	Monthly EMI	Total Amount Payable
25Years	25,382	76,14,493

30 Lakh IDBI Bank Home Loan – Fees and Charges

The fees and charges associated with the 30 lakh IDBI Bank home loan include:

Fee Type	Amount
Processing Fees	0.50% of the loan amount
Penal Interest charges on Overdue	5% Per Annum
Foreclosure Charges	No pre-payment

30 Lakh IDBI Bank Home Loan – Documents Required

The documents required for a 30 lakh home loan from IDBI Bank include:

Identity Proof (Aadhaar, PAN Card)
Address Proof (Utility Bills, Passport)
Income Proof (Salary Slips, ITR)
Property Documents

30 Lakh IDBI Bank Home Loan – Eligibility Criteria

The eligibility criteria for a 30 lakh home loan from IDBI Bank are as follows:

Applicant must be a resident of India
Age between 21 to 65 years
Stable income source

Frequently Asked Questions (FAQs)

What is the EMI for 30 Lakh Home Loan for 20 years in IDBI Bank?

The EMI for a 30 lakh home loan for 20 years at an interest rate of 9.10% p.a. is ₹27,258.

Who is eligible for a 30 Lakh Home loan in IDBI Bank?

Indian residents aged between 21 and 65 with stable incomes are eligible.

What is the monthly interest rate of a 30 Lakh home loan in IDBI Bank?

The monthly interest rate for a 30 lakh home loan in IDBI Bank is approximately 0.758%

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