85 Lakh IDBI Bank Home Loan

Are you tired of researching various home loan schemes that fit your requirements? Look at the IDBI Bank 85 lakh home loan scheme, which offers attractive interest rates starting at just 8.45% per annum and a longer loan tenure. IDBI bank also provides pre-approval for your loan even before choosing a property. The applicant can also benefit from various home loan products per their requirements. Enjoy the convenience of selecting from approved projects and use flexible repayment options to fit your financial situation. Want to know more about the eligibility criteria and the required documents? Keep scrolling through!

85 Lakh IDBI Bank Home Loan – Highlights

The following highlights of the 85 lakh IDBI Bank home loan make it an attractive home loan option:

85 Lakh IDBI Bank Home Loan EMI For 5 Years

The EMI on the 85 lakh IDBI Bank home loan over a tenure of 5 years at the minimum interest rate of 8.45% per annum will be as follows:

85 Lakh IDBI Bank Home Loan EMI For 10 Years

The applicable EMI on the 85 lakh IDBI Bank home loan over a tenure of 10 years is mentioned in the table below:

85 Lakh IDBI Bank Home Loan EMI For 15 Years

If the home loan applicant avails of an 85 lakh IDBI Bank home loan for a tenure of 15 years, the EMI will be as follows:

85 Lakh IDBI Bank Home Loan EMI For 20 Years

For an 85 lakh home loan from IDBI Bank with a 20-year tenure, the EMI will be as follows:

85 Lakh IDBI Bank Home Loan EMI For 25 Years

For an IDBI Bank home loan of 85 lakh over a 25-year period, the EMI will be as follows:

85 Lakh IDBI Bank Home Loan – Fees & Charges

The home loan applicant will have to pay the following fees and charges for an 85 lakh IDBI Bank home loan:

85 Lakh IDBI Bank Home Loan – Documents Required

Several mandatory documents must be submitted to avail of an 85 lakh IDBI Bank home loan. Firstly, ensure that the applicant form is completed and includes a recent photograph. Identity proof in the form of any government-issued ID card, proof of address, and proof of tax returns are essential. Additionally, bank statements for the last 6 months should be provided to verify financial stability. Lastly, include a processing fee cheque to cover associated costs. These documents collectively support the loan application process, ensuring compliance with regulatory and financial requirements.

85 Lakh IDBI Bank Home Loan – Eligibility Criteria

Want to know whether you fit the eligibility criteria for the 85 lakh IDBI Bank home loan? Check the criteria list below:

• Salaried individuals, including NRIs and PIOs, must be at least 22 years old to apply.
• The maximum age at loan maturity for salaried individuals is either 70 years or the retirement age, whichever comes first.
• A salary source proof is required.
• Self-employed professionals and non-professionals must be at least 25 years old.
• The maximum age at loan maturity for self-employed individuals is either 65 years or the retirement age, whichever comes first.