90 Lakh IDBI Bank Home Loan
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Explore IDBI Bank's 90 lakhs home loan scheme for buyers aspiring to invest in their dream home. The interest rates are very attractive, starting at just 8.45% annually. The applicants can benefit from the budget-friendly EMIs, as they can avail of a home loan tenure of up to 30 years. IDBI Bank is very transparent with their home loan applicants, and the applicant will be informed about the whole process from the very beginning and will be told of all the applicable fees and charges that will be applicable on the home loan. Scroll down further to learn more about the 90 lakh home loan by IDBI Bank, its eligibility criteria and all required documents.
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90 Lakhs Home Loan IDBI Bank – Highlights
Prospective homeowners should explore the key features of IDBI Bank’s 90 Lakhs home loan:
Interest Rates | 8.45% per annum onwards |
Loan Amount | Maximum INR 10 Cr |
Loan Tenure | 30 years for salaried customers
20 years for self-employed professionals & non-professionals |
Eligibility | Salaried individuals (Including NRIs & PIOs) – Above the age of 22
Self-employed Professionals and Non-professionals – Above the age of 25 |
90 Lakhs IDBI Bank Home Loan EMI For 5 Years
The home loan aspirant will have to pay the following EMI over a period of 5 years for the 90 lakhs IDBI Bank home loan:
Home Loan Amount | 90 lakhs |
Applicable Interest Rate | 8.45% |
Loan Tenure | 5 years |
EMI | ₹1,84,432 |
Total Interest Payable | ₹20,65,918 |
Total Amount | ₹1,10,65,918 |
90 Lakhs IDBI Bank Home Loan EMI For 10 Years
The prospective homeowner will need to pay the following EMI over a 10-year term for the 90 lakhs IDBI Bank home loan:
Home Loan Amount | 90 lakhs |
Applicable Interest Rate | 8.45% |
Loan Tenure | 10 years |
EMI | ₹1,11,347 |
Total Interest Payable | ₹43,61,591 |
Total Amount | ₹1,33,61,591 |
90 Lakhs IDBI Bank Home Loan EMI For 15 Years
The following EMI for a 90 lakhs IDBI Bank home loan will have to be paid by the home aspirant over a 10-year period:
Home Loan Amount | 90 lakhs |
Applicable Interest Rate | 8.45% |
Loan Tenure | 15 years |
EMI | ₹88,363 |
Total Interest Payable | ₹69,05,336 |
Total Amount | ₹1,59,05,336 |
90 Lakhs IDBI Bank Home Loan EMI For 20 Years
The home aspirant will need to pay the following EMI for a 90 lakhs IDBI Bank home loan over a 20-year period:
Home Loan Amount | 90 lakhs |
Applicable Interest Rate | 8.45% |
Loan Tenure | 20 years |
EMI | ₹77,820 |
Total Interest Payable | ₹96,76,683 |
Total Amount | ₹1,86,76,683 |
90 Lakhs IDBI Bank Home Loan EMI For 25 Years
Over a tenure of 25 years, the EMI for the 90 lakhs IDBI Bank home loan will be:
Home Loan Amount | 90 lakhs |
Applicable Interest Rate | 8.45% |
Loan Tenure | 25 years |
EMI | ₹72,167 |
Total Interest Payable | ₹1,26,50,231 |
Total Amount | ₹2,16,50,231 |
90 Lakhs IDBI Bank Home Loan Fees & Charges
Check the applicable fees and charges on the 90 lakhs IDBI Bank home loan:
Home Loan Amount | 90 lakhs |
Processing Fees | Between Rs 5,000 to Rs 16,000 |
90 Lakhs IDBI Bank Home Loan – Documents Required
Finding the 90 lakhs IDBI Bank home loan attractive? Check the documents required for the home loan.
Make sure to include your photograph on the application form. Provide a government-issued ID to serve as proof of identity. Submit electricity or telephone bills as evidence of your address. Present recent bank statements or income tax return documents to verify your income.
90 Lakhs IDBI Bank Home Loan – Eligibility Criteria
The eligibility criteria that have to be met for the 90 lakhs IDBI Bank home loan are given below:
- The age bracket is between 22 to 70 (or retirement age) for salaried applicants.
- The age bracket for self-employed and non-professional applications is between 25 and 65 (or retirement age).
Frequently Asked Questions (FAQs)
What is the EMI for a 90 lakhs IDBI Bank home loan over a period of 20 years?
₹77,820 is the EMI for 20 years on a 90 lakh IDBI Bank home loan.
Who is eligible for a 90 Lakhs IDBI Bank home loan?
Salaried individuals, self-employed professionals and non-professionals are eligible for this home loan.
What is the monthly interest rate of 90 lakhs for an IDBI Bank home loan?
IDBI Bank will charge a minimum monthly interest rate of 0.70% on a ₹40 lakh home loan.
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