Coimbatore IDBI Home Loans Home Loan
Home, sweet home, built
out of your dreams. A place where you return after a hard day's work
and relax, a place where you share precious moments with your
family. A place that gives you a sense of belonging. IDBI Bank helps
you realise your long cherished dream of owning your home through
hassle free and customer friendly home loans.
Presenting IDBI
Bank's ultra flexible home loan you have been looking for. We
realise what owning your home means to you and your
family.
You can avail of the Home Loans for constructing a
home, purchasing a ready built house / flat, residential plot and
even for re-financing existing loans you may have availed from other
banks or housing finance companies. Click here to
apply.
Advantages of IDBI Bank Ultra Flexible Home
Loans
- Maximum Funding
- Flexibility of choosing between Floating or Fixed interest
rate
- Attractive rate of interest
- EMI on daily reducing balance
- Personalised doorstep service
- Simple documentation
- Legal and technical assistance
- Balance transfer facility
- Reassessment and adjustment of applicant's loan eligibility in
case of change of income and residence
status
Features
- Tenor of a home loan can be up to 25 years for a resident
individual whereas for NRIs the maximum tenure is 15 years subject
to maximum age of 60 years at maturity.
- Loan can be applied for a maximum of 90% of the property value
subject to credit discretion.
- Security for the loan is a first mortgage of the property to
be financed, normally by way of deposit of the title deeds or such
collateral security as may be necessary.
- Title to the property should be clear and free from
encumbrance, i.e., without any pending legal litigation adversely
affecting the ownership of the property.
- Other parameters considered include an account of your age,
income, number of dependents, financial stability and
co-applicant’s income.
Tax Benefits
As
per the current finance bill you can get:
- A maximum deduction of Rs. 1,50,000 on your income towards
interest paid on your home loans u/s 24
- A maximum deduction of Rs. 1,00,000 on the principal repaid
u/s 80 CCE
The above benefits are available subject to you
fulfilling certain conditions, for which you should refer the IT
Act 1961
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