If you are planning to buy a home to secure your family’s future and build equity over time, now is a great time to invest in property. Many banks offer competitive interest rates, flexible repayment options, and customer-friendly terms. With no pre-closure or pre-payment charges on home loans, you can repay your loan early without extra costs.

IDBI Home Loan is a top choice for homebuyers, offering customized solutions to meet diverse financial needs. Whether you need a loan for purchasing a new home, home extension, renovation, top-up, or balance transfer, IDBI Bank provides tailored options. The bank offers a maximum loan tenure of up to 30 years, subject to eligibility criteria. With attractive interest rates and hassle-free processing, IDBI Home Loan is designed to help you finance your dream home with ease.

IDBI Bank Home Loan Interest Rate Details 2025

Here are the details of the home loan and the latest IDBI Bank Home Loan interest rates -

Rural/Semi Urban Housing for a Loan Amount of up to Rs 35 lakh

Types of IDBI Bank Home Loans

These are some of the IDBI Bank home Loans, make sure to go through their features and purposes - 

1. IDBI Housing Loan

Purpose:

• Purchase of new or resale property
• Plot purchase with construction
• Home extension, improvement, or renovation
• Construction of property already acquired
• Home loan balance transfer
• Additional finance through home loan top-ups for existing borrowers

Loan Tenure:

• Salaried: Up to 30 years
• Self-employed Professionals: Up to 20 years
• Self-employed Non-Professionals: Up to 20 years

Loan-to-Value (LTV) Ratio:

2. Pradhan Mantri Awas Yojana (PMAY)

Purpose:
A Credit Linked Subsidy Scheme (CLSS) providing affordable housing benefits for Economically Weaker Sections (EWS), Low Income Groups (LIG), and Middle Income Groups (MIG).

Eligibility Criteria For IDBI Home Loan

Below mentioned are the criteria for IDBI Home Loan for Salaried and Self-Employed Professionals & non-professionals - 

For Salaried Applicants (Including NRIs/PIOs)

• Minimum Age: 22 years
• Maximum Age (at loan maturity): 70 years or retirement age, whichever is earlier (subject to proof of income continuity)

For Self-Employed Professionals & Non-Professionals

• Minimum Age: 25 years
• Maximum Age (at loan maturity): 65 years or retirement age, whichever is earlier (subject to proof of income continuity)

IDBI Bank Home Loan Documents Requirement

To complete the application procedure, the bank requires some basic documents from individuals under different categories, such as salaried, self-employed, and self-employed professionals. 

Below are the necessary documents for availing an IDBI Home Loan:

For Salaried Applicants

• A duly filled application form with a photograph
• Identity and residence proof
• The latest 3 months’ salary slips
• Form 16 / Income Tax Returns (ITR)
• Last 6 months’ bank statement
• Processing fee cheque

For Self-Employed Professionals

• A duly filled application form with a photograph
• Identity and residence proof
• Educational qualification certificate & business existence proof
• Last 3 years’ Income Tax Returns (self and business)
• Last 3 years’ Profit & Loss statement and Balance Sheet
• Last 6 months’ bank statement
• Processing fee cheque

For Self-Employed Non-Professionals

• A duly filled application form with a photograph
• Identity and residence proof
• Business existence proof
• Business profile
• Last 3 years’ Income Tax Returns
• Last 3 years’ Profit & Loss statement and Balance Sheet
• Last 6 months’ bank statements (self and business)
• Processing fee cheque

How can you calculate EMI for IDBI Bank Home Loan

You can easily calculate your home loan EMI with the help of a Wishfin IDBI Bank Home loan EMI calculator. You just need to mention the loan amount, the interest rate, and the tenure for which you want to check the EMI. Other than this, you also get an amortization schedule, which is the table showing the balance amount after each year for the whole tenure.

Well, by just entering the credentials like:

• Tenure

• Interest Rate

• Loan Amount

Take a look at the example below to get more clarity on the same.

If you are seeking for Home loan from IDBI Bank of Rs. 15,00,000 for the tenure of 25 years at an interest rate of 8.80% p.a. - 12.25% p.a., with table below will show you the yearly EMIs on these interest rates and the loan amount asked by the borrower.

Fees and Other Charges on IDBI Bank Home Loan

Processing Fees -

Foreclosure Charges -

Penal Charges for default/delayed payment:

Features of IDBI Home Loan

1. Affordable Home Loan Rates

IDBI Bank offers competitive interest rates on home loans, making it easier for borrowers to manage repayments while ensuring affordability.

2. Assistance in Property Search and Due Diligence

The bank provides expert guidance in identifying suitable properties and verifying legal documentation, helping customers make informed home-buying decisions.

3. In-Principle Loan Approval Before Property Selection

Prospective home buyers can get a pre-approved loan even before finalizing a property, giving them confidence while negotiating and making the purchase process smoother.

4. Extensive Range of Home Loan Products

IDBI Bank caters to different customer needs by offering various home loan products, including loans for purchasing, constructing, renovating, and extending homes, along with balance transfer and top-up options.

5. Customized Home Loan Features

Home loan solutions are designed to suit different borrower categories, including:

• Salaried individuals (including NRIs)
• Self-employed professionals (e.g., doctors, chartered accountants)
• Self-employed non-professionals (e.g., traders, entrepreneurs)

6. Flexible Loan Repayment Options

Borrowers can choose repayment tenures that suit their financial capacity, ensuring manageable EMIs while reducing financial stress.

7. Online Application Facility

Customers can conveniently apply for IDBI Home Loans through the bank’s online portal, enabling a seamless and hassle-free loan application process from anywhere.

IDBI Bank Home Loan Repayment Options

The bank understands the importance of easy repayment options and different repayment options to make the repayment process less hectic for customers. Besides, the conventional method of repayment the bank also has different options for making your loan repayment as per your convenience.

• Step-up repayment facility: This is the best option for young working executives who are professionally qualified and skilled. This loan is given based on their future career growth and annual income. The bank considers the growth for this calculation in the range of 6% to 8% p.a., and the same will be a slab of 5 years for a loan of 20 years.
• Step down repayment facility: In this repayment mode, you choose a downside repayment system when you know that your income is going to reduce after a certain period of the maturity of the loan. The main objective of this repayment option is to get the maximum recovery when your income is high. This leads to 2 EMIs for different periods during the loan maturity. This will allow you to borrow a higher amount and club your parent and children's income to get the higher amount. In this repayment mode, the EMI will be on the higher side in the initial period and on the lower side in the later period of the loan tenure.
• Tranche-Based EMIs - Under this mode of payment, the customer is purchasing an under-construction property and avails the loan in phases. Therefore, in the initial phase, he/she is just required to pay the interest amount only till he/she does not gets the final loan amount disbursed at the time of possession. This repayment facility allows you to repay the loan amount even during the construction phase before getting possession to reduce the loan amount and EMIs burden.

Summary!

IDBI Home Loan offers a wide range of financing solutions designed for salaried individuals (including NRIs), self-employed professionals, and self-employed non-professionals. The bank provides loans for purchasing a new or resale property, home construction, renovation, extension, and balance transfer. With zero prepayment and foreclosure charges for floating home loan interest rates and expert assistance in property selection, IDBI Bank ensures a seamless home-buying experience. 

FREQUENTLY ASKED QUESTIONS

1.  What is the maximum IDBI Bank Home loan tenure offered?

• Salaried individuals: Up to 30 years
• Self-employed professionals & non-professionals: Up to 20 years

2. What is the interest rate for IDBI Bank Home Loans?

The IDBI Bank Home loan interest rate starts from 8.80% p.a. - 12.25% p.a., And it may vary based on loan type, tenure, and applicant profile. 

3. What documents are required to apply for an IDBI Home Loan?

The required documents vary for salaried and self-employed applicants, but generally include:

• Identity & address proof
• Income proof (salary slips, ITRs, bank statements)
• Property documents
• Processing fee cheque

4. What is the processing fee for an IDBI Home Loan?

The processing fee varies based on the loan amount and applicant type. A minimum charge of ₹2,500 + taxes is applicable at login, with the remaining amount payable before disbursement.

5. How much loan amount can I get for an IDBI Home Loan?

The loan amount depends on the property value:

• Up to ₹30 lakh: Up to 90% of property value
• ₹30 lakh – ₹75 lakh: Up to 80% of property value
• Above ₹75 lakh: Up to 75% of property value