Document
budget-2025 budget-2025
nirmala-sitaraman
Get key Budget
Updates
Stay informed in real-time.

Enter details to receive communications from ClearTax

+91

IDBI Bank Home Loan Interest Rates 2025

Updated on: Jan 21st, 2025

|

8 min read

IDBI Bank, established in 1964, provides credit and financial assistance to support the growth of Indian industries and cater to retail customers. If purchasing a home is your top priority, IDBI Home Loans offer attractive options with quick services, covering documentation, processing, and all other home loan financing needs. With interest rates ranging from 8.50% p.a. to 12.75% p.a. and a loan tenure of up to 30 years, IDBI Home Loans present a strong option for prospective homeowners.

In this article, we will cover all possible questions related to IDBI Bank Home Loan.

Highlights of IDBI Bank home loan interest rates

IDBI Home Loan Amount 

Up to 90% of property value

IDBI Housing Loan Interest Rate

8.50% p.a. To 12.75% p.a

Loan Tenure

Up to 30 years

Processing Fees

0.50% of the loan amount

Interest Rates of IDBI Bank home loans

Plain Vanilla Home Loan (Purchase/Construction/Extension)

Salaried /Self Employed Professional

8.50% - 10.85%

Self Employed Non Professional

8.60% - 12.35%

Home Loan Ultra Saver

8.90% - 12.75%

Home Loan Top Up

Housing Purpose

HL ROI + 20 BPS

Suvidha Top-Up (Non-Housing Purpose)

HL ROI + 75 BPS

Plot Loan for House Construction 

9.90% - 10.50%

Rural/Semi Urban Housing (Loan amount up to INR 35 Lakhs)

Salaried/Self-Employed Professional

8.50% - 10.80%

Self employed non professional

8.80% - 10.90%

IDBI Bank home loan interest rates for women employees

IDBI offers Women's Home Loan, which are housing loans for salaried and self employed women, with captivating interest rates, processing fees and incentives. Women must be around the age of 21 - 60, with a minimum credit score 750. Women are given a concessional interest rate of 8.55% p.a. - 9.75% p.a.,  loan tenure of 30 years, and processing fees consisting of 1% of the amount.

Top home loan schemes of IDBI Bank

  • Plain Vanilla Home Loan (Purchase/Construction/Extension): 

The IDBI Bank Vanilla Home Loan is scheme can be used for buying, renovating, extending, or constructing a home.

  • Home Loan Ultra Saver
  • Home Loan Top Up
  • Plot Loan for House Construction 
  • Rural/Semi Urban Housing (Loan amount up to INR 35 Lakhs): 

IDBI Bank offers a Rural/Semi-Urban Home Loan for buying a home in rural and semi-urban areas

Features and benefits of IDBI home loans

  • IDBI Bank home loans are available for both salaried and self-employed applicants.
  • Loan approval even before the property is selected.
  • Special rates are offered for women applicants.
  • NRIs can also avail home loans under the scheme specially designed for them.
  • Home loans granted to applicants from the age group from 22 years to 70 years.
  • The property you are planning to purchase, renovate, or construct will generally hold the mortgage.
  • Multiple home loan repayment options to suit the needs of different applicants, such as flexible loan instalment plan, step up and step down repayment facility, and tranche-based EMI.
  • The tenure of the home loan can range from 5 years to 30 years.
  • Competitive interest rates are offered, and the rates may vary based on the scheme applied for.

Who is eligible for IDBI home loans?

Type of Applicant

Age

Maximum Loan Tenure

Salaried (including NRIs/PIOs)

22 - 70 years

Up to 30 years

Self Employed Professionals(SEP) and  Self Employed Non-Professionals (SENP)

25 - 65 years

Up to 20 years

Maximum Loan Amount Offered

Loan Amount

Maximum Funding Offered

< Rs.30 lakh

Up to 90% of the market value or the document cost of the property, whichever is lower

Rs.30 lakh to Rs.75 lakh

Up to 80% of the market value or the document cost of the property, whichever is lower

> Rs.75 lakh

Up to 75% of the market value or the document cost of the property, whichever is lower

Documents required for IDBI home loans

  • Duly filled application form with photograph
  • Proof of Address
  • Proof of Identity
  • A cheque to pay the processing fee
  • For salaried customers:
    • Latest salary slip for the last three months
    • Form 16 or a copy of ITR filed
    • Last six months’ bank statements
  • For self-employed professionals:
    • Education qualifications certificate
    • Proof of business existence
    • Last three years’ ITR (both self and business)
    • Last three years’ profit and loss statement and balance sheet
    • Last six months’ bank statements
  • Self-employed non-professionals:
    • Proof of business existence
    • Business profile
    • Last three years’ ITR
    • Last three years’ profit and loss statement
    • Last six months’ bank statements (both self and business)

Fees and charges

Processing Fees

Home loan 

  • 0.50 % of loan amount
  • INR 2500 to be collect initially and balance at the time of sanction 

Reverse mortgage loan/loan for commercial property purchase

1% of the loan amount plus applicable taxes

Loan against property/loan against property-overdraft/loan against rent receivables/home loan interest saver.

  • 1.00% of the loan amount
  • INR 10000 or 0.5% of the loan amount. Whichever is lower, to be collected at the time of login and balance at the time of sanction. 

Other Charges

• Swapping of PDCs/ECS or change of  repayment mode to PDC or ECS 

INR 575

Comparison between IDBI Bank home loan interest rates with other banks

Banks 

Home Loan Interest Rates

State Bank of India 

8.50% p.a to 10.45% p.a

Axis Bank

8.75% p.a to 9.15% p.a

Bank of Baroda

From 8.4% p.a

Punjab National Bank

From 8.50% p.a

HDFC Bank Limited 

8.75% p.a to 9.40% p.a

IDBI Bank

8.50 p.a. To 12.75% p.a

ICICI Bank

from 9.25% p.a. 

Citi Bank

From 7.45% p.a

LIC Housing Finance

8.50% p.a. to 10.35% p.a.

Kotak Mahindra Bank

From 8.70% p.a.

Federal Bank

10.15% p.a. - 10.20% p.a.

History Of IDBI Bank Home Loans

Year

Interest Rate

2024

8.50% p.a. to 12.75% p.a

2023

8.55% p.a. to 10.75% p.a.

2022

8% p.a. onwards

2021

6.95% p.a to 10.05% p.a.

2020

7.15% p.a. to 7.25% p.a.

Home loan EMI calculator

Use our IDBI Bank Home Loan EMI Calculator to understand how much loan you will require to purchase the property of your choice and how much EMI you will have to pay over the loan tenure.

Similar Banks Home Loan Schemes

Lowest Home Loan Interest Rate

Yes Bank Home Loan Interest Rate

Punjab Bank Home Loan Interest Rate

Kotak Bank Home Loan Interest Rate

Axis Bank Home Loan Interest Rate

ICICI Bank Home Loan Interest Rate

HDFC Bank Home Loan Interest Rate

Union Bank of India Home Loan Interest Rate

Central Bank of India Home Loan Interest Rate

Can't get yourself started on taxes?
Get a Cleartax expert to handle all your tax filing start-to-finish
Get Cleartax expertise now 

Frequently Asked Questions

How do I avail IDBI home loan?

You can follow one of the following methods to apply for a home loan:

  • Visit the nearest IDBI Bank branch to apply.
  • Call up the IDBI Bank home loan sales officer in your city.
  • Apply online on the official website of the IDBI Bank.
  • There is also an option for you to request the bank to contact you.
What is the maximum loan amount I can expect?

A maximum loan amount of Rs.10 crore can be availed under a home loan. However, the loan amount is subject to the bank’s discretion.

Is there a specific way through which I can repay the loan?

You can set standing instructions with the IDBI Bank savings account to automatically deduct the EMI from your account towards the home loan account. If you have to debit money from another bank’s savings account, you may use the Electronic Clearing System (ECS) on that account.

What are the factors that the bank considers to decide my eligibility?

Factors, such as age, qualification, income, number of dependents, spouse income, the stability of the occupation, assets, liabilities, savings history, and the property’s value are key in determining the eligibility.

Help and support
close
Loading Chat ...
Chatbot LogoChatbot Button
Clear Logo
Follow us on
FacebookTwitterLinkedInGitHubInstagram
Have a query?
Support
Company
About us
Contact us
Careers
Media & Press
User reviews
Engineering blog
Clear Library
FinTech glossary
ClearTax Chronicles
GST Product Guides
Trust & Safety
Cleartax(Saudi Arabia)

Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

Cleartax is a product by Defmacro Software Pvt. Ltd.

Company PolicyTerms of use

ISO

ISO 27001

Data Center

SSL

SSL Certified Site

128-bit encryption