45 Lakh IDBI Bank Home Loan

Acquiring a 45 lakh home loan is a big step toward your homeownership dream. Whether you need the finances to purchase, construct, or renovate a home, the IDBI Bank 45 lakh home loan makes this process simple and clear. The loan features low interest rates, personalised repayment plans, hassle-free documentation, and fast loan approval, making it a more borrower-friendly credit option. However, there are certain things you should be aware of before initiating your loan application. These include the 45 lakh home loan EMI with IDBI Bank’s current interest rates, eligibility criteria, required documents, and associated fees. Let’s get started!

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Table of Content

1. 45 Lakh Home Loan IDBI Bank Highlights

2. 45 Lakh Home Loan EMI for 5 Years IDBI Bank

3. 45 Lakh Home Loan EMI for 10 Years IDBI Bank

4. 45 Lakh Home Loan EMI for 15 Years IDBI Bank

5. 45 Lakh Home Loan EMI for 20 Years IDBI Bank

6. 45 Lakh Home Loan EMI for 25 Years IDBI Bank

7. 45 Lakh IDBI Bank Home Loan Fees and Charges

8. 45 Lakh IDBI Bank Home Loan Documents Required

9. 45 Lakh 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.

45 Lakh Home Loan IDBI Bank – Highlights

The IDBI Bank home loan interest rate for 45 lakhs and other key parameters are as follows:

Interest Rates	8.75% p.a. onwards
Loan Amount	Up to 80% of the property value
Loan Tenure	30 years or 70 years old, whichever comes earlier
Eligibility	Available to salaried and self-employed individuals

45 Lakh Home Loan EMI for 5 Years IDBI Bank

Below are the rates for a 45 lakh 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
₹45 Lakhs	8.75% p.a.	5 years	₹92,868	₹10,72,080	₹55,72,080

45 Lakh Home Loan EMI for 10 Years IDBI Bank

Below are the rates for a 45 lakh home loan EMI for 10 years from the IDBI Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹45 Lakhs	8.75% p.a.	10 years	₹56,397	₹22,67,640	₹67,67,640

45 Lakh Home Loan EMI for 15 Years IDBI Bank

Below are the rates of IDBI Bank home loan 45 lakh EMI with a tenure of 15 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹45 Lakhs	8.75% p.a.	15 years	₹44,975	₹35,95,500	₹80,95,500

45 Lakh Home Loan EMI for 20 Years IDBI Bank

Below are the rates for a 45 lakh home loan EMI for 20 years from the IDBI Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹45 Lakhs	8.75% p.a.	20 years	₹39,767	₹50,44,080	₹95,44,080

45 Lakh Home Loan EMI for 25 Years IDBI Bank

Below are the rates for a 45 lakh 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
₹45 Lakhs	8.75% p.a.	25 years	₹36,996	₹65,98,800	₹1,10,98,800

45 Lakh IDBI Bank Home Loan – Fees and Charges

Below are the fees and charges in addition to the IDBI Bank home loan interest rate of 45 lakhs:

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

45 Lakh IDBI Bank Home Loan – Documents Required

Below are the required documents for an IDBI Bank 45 lakh home loan:

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

45 Lakh IDBI Bank Home Loan – Eligibility Criteria

The 45 lakh home loan eligibility from the IDBI Bank is as follows:

Age Requirement: You should be aged between 22 and 70 years old.
Income Criteria: You should have a regular source of income to cover the loan payment.
Credit Score: You should have a good repayment history and a positive credit score.
Nationality: You should be an Indian citizen.

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Frequently Asked Questions (FAQs)

What is the EMI for a 45 lakh home loan for 20 years in IDBI Bank?

The EMI for a 45 lakh home loan for 20 years from IDBI Bank is ₹39,767, based on a base interest rate of 8.75% per annum.

Who is eligible for a 45 lakh home loan in IDBI Bank?

To be eligible for a 45 lakh home loan from IDBI Bank, you must be a salaried or self-employed individual with a regular source of income sufficient to cover the loan repayments.

What is the monthly interest rate of a 45 lakh home loan in IDBI Bank?

The monthly interest rate for a 45 lakh home loan from IDBI Bank is 0.73%.