50 Lakh IDBI Bank Home Loan

With attractive and competitive interest rates starting at 8.45% per annum, the IDBI Bank home loan scheme is for those individuals who require immediate financial assistance to purchase their dream home. With loan tenures of up to 30 years, the home loan applicant can benefit from pocket-friendly EMIs and flexible repayment options. IDBI Bank provides complete transparency and quick home loan processing, offering power-packed customised features to meet the needs of every home loan applicant. Stay until the end to learn more about the eligibility, documents required and the applicable EMI on the 50 lakh IDBI Bank home loan over a tenure of 10 or 20 years.

50 Lakhs Home Loan IDBI Bank – Highlights

Home aspirants can take a look at the 50 Lakhs IDBI Bank’s home loan highlights:

50 Lakhs IDBI Bank Home Loan EMI For 5 Years

The EMI on your 50 lakh IDBI Bank home loan for a tenure of 5 years is going to be:

• Loan Amount: ₹50 Lakhs
• Interest Rate: 8.45% per annum
• Loan Tenure: 5 years
• EMI Amount: ₹1,02,462
• Total Interest Payable: ₹11,47,732
• Total Amount Payment: ₹61,47,732

50 Lakhs IDBI Bank Home Loan EMI For 10 Years

The EMI for your ₹50 lakh home loan from IDBI Bank with a 10-year tenure will be:

• Loan Amount: ₹50 Lakhs
• Interest Rate: 8.45% per annum
• Loan Tenure: 10 years
• EMI Amount: ₹61,859
• Total Interest Payable: ₹24,23,106
• Total Amount Payment: ₹74,23,106

50 Lakhs IDBI Bank Home Loan EMI For 15 Years

The EMI for your ₹50 lakh home loan from IDBI Bank with a 15-year tenure will be:

• Loan Amount: ₹50 Lakhs
• Interest Rate: 8.45% per annum
• Loan Tenure: 15 years
• EMI Amount: ₹49,091
• Total Interest Payable: ₹38,36,298
• Total Amount Payment: ₹88,36,298

50 Lakhs IDBI Bank Home Loan EMI For 20 Years

This is the EMI for a ₹50 lakh home loan from IDBI Bank with a 20-year tenure:

• Loan Amount: ₹50 Lakhs
• Interest Rate: 8.45% per annum
• Loan Tenure: 20 years
• EMI Amount: ₹43,233
• Total Interest Payable: ₹53,75,935
• Total Amount Payment: ₹1,03,75,935

50 Lakhs IDBI Bank Home Loan EMI For 25 Years

Over a tenure of 25 years, this is the applicable EMI you will pay on your 50 Lakhs IDBI Bank home loan:

• Loan Amount: ₹50 Lakhs
• Interest Rate: 8.45% per annum
• Loan Tenure: 25 years
• EMI Amount: ₹40,093
• Total Interest Payable: ₹70,27,906
• Total Amount Payment: ₹1,20,27,906

50 Lakhs IDBI Bank Home Loan – Fees & Charges

The applicable fees and charges for your ₹50 lakh home loan from IDBI Bank are as follows: 

The processing fee ranges between ₹5,000 and ₹16,000. There is no charge for inward balance transfers.

50 Lakhs IDBI Bank Home Loan – Documents Required

You should have an application form with your photograph pasted on it. Carry any government-issued ID as identity proof, and for your address proof, you can even submit your electricity or telephone bills. To verify your income source, the bank might ask you for bank statements from the previous months or IT tax return documents. 

50 Lakhs IDBI Bank Home Loan – Eligibility Criteria

Ensure you meet the following eligibility criteria before applying for a 50 lakh IDBI Bank home loan:

Salaried Individuals (including NRIs and PIOs):

• Minimum age to apply: 22 years
• Maximum age at loan maturity: 70 years or retirement age

Self-Employed Professionals and Non-Professionals:

• Minimum age to apply: 25 years

Maximum age at loan maturity: 65 years or retirement age