IDBI Bank Home Loan for Bank Employees

IDBI Bank offers home loans starting at 8.33% p.a. onwards for tenures of up to 30 years with a maximum loan amount of 90% of property value. The IDBI Bank Home Loan for Bank Employees can be used for various purposes such as home construction, land purchase, renovation, and extension of existing properties. The bank also provides home loans for consolidating debt incurredfrom purchasing or constructing a new house, furnishing existing homes, plot purchases, home loan balance transfers, and supplementary housing loans for bank employees. With high LTV ratios and flexible tenures, IDBI Bank home loans are a great option for bank employees looking to purchase or construct their dream home.

IDBI Bank Home Loan for Bank Employees – Highlights 

IDBI Bank Home Loan for Bank Employees – Fees and Charges 

IDBI Bank Home Loan for Bank Employees comes with two types of fees and charges. Certain charges are charged before the loan disbursal, and the applicant must pay for them to receive the approved loan amount from the bank. 

Here are the fees and charges to be paid before loan disbursal.

The following are the fees and charges you may have to pay during the loan repayment period. These fees and charges are optional and are applied only if you opt for certain services.

IDBI Bank Home Loan for Bank Employees – Documents Required

Bank employees must provide KYC proof and Income proof to apply for an IDBI Bank Home Loan. For KYC, the applicant must provide one document of identity and address proof.The applicant also must provide salary slips (minimum 3 months) and form 16 issued by the employer. Also, the applicant has to submit a copy of a bank statement to prove credit of salary. Apart from these documents, a valid cheque for the processing feemust be submitted along with the application form and other documents.

IDBI Bank Home Loan for Bank Employees – Eligibility Criteria

Here are the IDBI Bank home loan for bank employees eligibility criteria.

• Minimum Age: 22 years
• Maximum Age: Should be less than 70 years before loan maturity.
• Employment: Any private or public bank in India