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.

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Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

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

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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.