Features

Features

Get loans to buy:

• A new house (under construction or ready possession)
• An existing house
• Construct a house on a plot of land
• Pre-approved home loans
• Home improvement and home extension loans

Eligibility

Eligibility

• At least 21 years of age, employed or self employed with a regular income,
• Residential plot resale in approved projects For both parties in First Allotment/Resale by individuals in schemes of Development authorities of each state like CIDCO, MIDC, PCNTDA, MHADB, BDA, DDA, CGEWHO, HUDA, CDA
• Freehold land purchased by individuals from private parties, subject to valuation report from approved valuer
• NRIs who :

a) earn their salary in a foreign currency

b) are not required to file Income Tax returns in India for their earnings abroad

c) have been in employment abroad for a period of at least 2 years

Loan Amount

Loan Amount

• Rs. 10, 000 - Rs.1 crore for home loan, extension loan, loan against property (NRIs - Rs. 1 lakh to Rs. 1 crore)
• s. 10, 000 to Rs. 20 lakh as Home Improvement Loan (For NRIs the limit ranges between Rs. 1 lakh to Rs. 20 lakh)
• Up to Rs. 25 lakh for plot purchase. For NRIs, the maximum limit remains the same, but the minimum limit is Rs. 50, 000

Margin

IDBI Home Finance Ltd Products: