80 Lakh IDBI Bank Home Loan

The IDBI Bank 80 lakh home loan is an appealing credit option if you want to buy, build, or renovate a home. The bank ensures a hassle-free borrowing experience. Eligible applicants can expect more competitive interest rates, flexible repayment options, and quick fund disbursement. Nevertheless, understanding your EMI is crucial before committing to such a significant financial decision, as this knowledge helps you manage your payments comfortably and confidently. This comprehensive guide provides all the necessary information to understand your 80 lakh home loan EMI with IDBI Bank. We further explain the IDBI Bank home loan interest rate of 80 lakh, expected eligibility, documentation needed, and associated fees. Keep scrolling down to learn more.

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Table of Content

1. 80 Lakh Home Loan IDBI Bank Highlights

2. 80 Lakh Home Loan EMI for 5 Years IDBI Bank

3. 80 Lakh Home Loan EMI for 10 Years IDBI Bank

4. 80 Lakh Home Loan EMI for 15 Years IDBI Bank

5. 80 Lakh Home Loan EMI for 20 Years IDBI Bank

6. 80 Lakh Home Loan EMI for 25 Years IDBI Bank

7. 80 Lakh IDBI Bank Home Loan Fees and Charges

8. 80 Lakh IDBI Bank Home Loan Documents Required

9. 80 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

Amit Prakash Singh

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.

80 Lakh Home Loan IDBI Bank – Highlights

The IDBI Bank home loan interest rate for 80 lakhs and other key highlights are as follows:

Interest Rates	8.75% p.a. onwards
Loan Amount	Up to 75% of the property price
Loan Tenure	30 years or 70 years old, whichever comes earlier
Eligibility	Available to both salaried and self-employed individuals

80 Lakh Home Loan EMI for 5 Years IDBI Bank

Below are the rates for an 80 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
₹80 Lakh	8.75% p.a.	5 years	₹1,65,098	₹19,05,880	₹99,05,880

80 Lakh Home Loan EMI for 10 Years IDBI Bank

Below are the rates for an 80 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
₹80 Lakh	8.75% p.a.	10 years	₹1,00,261	₹40,31,320	₹1,20,31,320

80 Lakh Home Loan EMI for 15 Years IDBI Bank

Below are the rates of IDBI Bank home loans 80 lakh EMI with a tenure of 15 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹80 Lakh	8.75% p.a.	15 years	₹79,956	₹63,92,080	₹1,43,92,080

80 Lakh Home Loan EMI for 20 Years IDBI Bank

Below are the rates for an 80 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
₹80 Lakh	8.75% p.a.	20 years	₹70,697	₹89,67,280	₹1,69,67,280

80 Lakh Home Loan EMI for 25 Years IDBI Bank

Below are the rates for an 80 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
₹80 Lakh	8.75% p.a.	25 years	₹65,771	₹1,17,31,300	₹1,97,31,300

80 Lakh IDBI Bank Home Loan – Fees and Charges

Let’s examine the expected fees and charges in addition to the IDBI Bank home loan interest rate of 80 lakh:

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

80 Lakh IDBI Bank Home Loan – Documents Required

Let’s examine the required documents for an IDBI Bank 80 lakh home loan:

KYC Documents	Aadhar card, PAN card, passport, driving license, or election ID.
Income Documents	3 months’ salary slips, 6 months’ bank statements, and Form 16/ITR.
Additional Documents	A duly filled application form and passport-size photograph.

80 Lakh IDBI Bank Home Loan – Eligibility Criteria

The 80 lakh home loan eligibility from the IDBI Bank is as follows:

Age Requirement	22 to 70 years old
Income Criteria	As per the bank’s discretion
Credit Score	Preferably 700 or above
Nationality	Indian

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Frequently Asked Questions (FAQs)

What is the EMI for an 80 lakh home loan for 20 years in IDBI Bank?

The expected EMI for an 80 lakh home loan for 20 years in IDBI Bank is ₹70,697, subject to a base interest rate of 8.75% per annum.

Who is eligible for an 80 lakh home loan in IDBI Bank?

Salaried and self-employed individuals are eligible for an 80 lakh home loan from IDBI Bank.

What is the monthly interest rate of an 80 lakh home loan in IDBI Bank?

The monthly interest rate of an 80 lakh home loan in IDBI Bank is approximately 0.73%.