90 Lakh IDBI Bank Home Loan

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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Written By
Satyam Sachdeva
Satyam Sachdeva
Satyam has always been interested in saving money and realising its worth. He created a Demat account when he turned 18 and has been a keen equity and mutual fund investor. Currently, a writer for Urban Money, he uses his skills to guide his readers in the right direction. Satyam strives to make financial complexities easy for everyone to understand with a pinch of creative salt.
Reviewed By
Amit Prakash Singh
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.

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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