55 Lakh IDBI Bank Home Loan

IDBI Bank is a scheduled commercial bank under the Government of India. It offers multiple financial solutions to customers with various financial needs. This includes a range of home loan products designed to cater to different customer profiles. Among these, the IDBI Bank 55 lakh home loan stands out for its competitive interest rates and flexible repayment options. Whether buying a new home or refinancing an existing loan, this product aims to make homeownership accessible and manageable.

Get in Touch for Home Loan Expert Advice

Connect with our Home Loan Advisor Now!

Personalized Home Loan solutions
Expert guidance
Application assistance
Credit score discussion
Home Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

You hereby consent to Urban Money being appointed as your authorised representative to receive your Credit Information from CIBIL for the purpose of Credit Risk Assessment. You hereby agree to terms and conditions.

Written By

Utsah Sharma

Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything 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.

55 Lakh Home Loan IDBI Bank – Highlights

Here are the key highlights of the IDBI Bank 55 lakh home loan:

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

55 Lakh Home Hoan EMI for 5 Years IDBI Bank

For an IDBI Bank 55 lakh home loan with a repayment period of 5 years at an interest rate of 9.10% per annum, the EMI calculation is as follows:

Tenure	Monthly EMI	Total Amount Payable
5 Years	1,14,359	68,61,540

55 Lakh Home Loan EMI for 10 Years IDBI Bank [80 words]

Calculating the EMI for an IDBI Bank 55 lakh home loan with a 10-year tenure and an interest rate of 9.10% per annum results in the following:

Tenure	Monthly EMI	Total Amount Payable
10 Years	69,064	82,87,680

55 Lakh Home Loan EMI for 15 Years IDBI Bank

With an interest rate of 9.10% per annum, the EMI for an IDBI Bank 55 lakh home loan over a 15-year tenure is outlined below:

Tenure	Monthly EMI	Total Amount Payable
15 Years	55,358	99,64,440

55 Lakh Home Loan EMI for 20 Years IDBI Bank

For those opting for a 20-year tenure, the IDBI Bank 55 lakh home loan at an interest rate of 9.10% per annum is:

Tenure	Monthly EMI	Total Amount Payable
20 Years	48,702	1,16,88,480

55 Lakh Home Loan EMI for 25 Years IDBI Bank

For an IDBI Bank 55 lakh home loan spread over 25 years with an interest rate of 9.10% per annum, the EMI is calculated as follows:

Tenure	Monthly EMI	Total Amount Payable
25 Years	45,687	1,37,06,100

55 Lakh IDBI Bank Home Loan – Fees and Charges

The fees and charges associated with the 55 lakh IDBI Bank home loan are detailed below:

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

55 Lakh IDBI Bank Home Loan – Documents Required

To apply for a 55 lakh home loan from IDBI Bank, the following documents are needed:

Aadhaar, PAN Card
Utility Bills, Passport
Salary Slips, ITR
Property Documents

55 Lakh IDBI Bank Home Loan – Eligibility Criteria

The eligibility criteria for obtaining a 55 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

Loans

Bank Wise Home Loan Eligibility Calculator

Frequently Asked Questions (FAQs)

What is the EMI for a 55 lakh Home Loan for 20 years in IDBI Bank?

For a 20-year tenure, the EMI for a 55 lakh home loan from IDBI Bank with an interest rate of 9.10% per annum is ₹48,702. The total amount payable over 20 years would be ₹1,16,88,480.

Who is eligible for a 55 lakh Home loan in IDBI Bank?

To be eligible for a 55 lakh home loan from IDBI Bank, the applicant must be a resident of India, aged between 21 and 65 years, and have a stable income source.

What is the monthly interest rate of a 55 lakh home loan in IDBI Bank?

The interest rate for a 55 lakh home loan from IDBI Bank starts from 9.10% per annum. The exact rate may vary based on the applicant’s profile and other factors.