IDBI HOUSING FINANCE

IDBI is one of the premier lending institutions in the home loan segment. IDBI provides home loans for constructing a home, purchasing a ready-built house/flat or residential plot and also for re-financing existing loans a customer may have availed from other lenders.  

The tenure of an IDBI home loan can be up to 20 years for an Indian resident and the bank finances a maximum of up to 90% of the properties value subject to credit discretion. Loan repayment can be done through Equated Monthly Installments (EMIs) comprising both principal and interest.

IDBI housing loans come with IDBI insurance cover, a group life insurance protection scheme. The borrower can insure himself/herself up to a maximum amount of Rs 50 lakhs and a maximum tenure of 25 years depending on the loan amount availed. This risk cover is made available in specially discounted insurance premium rates.