Planning to buy your dream home? Use our easy-to-use calculator to instantly check how much home loan you’re eligible for.

IDBI offers competitive interest rates starting from 8.45% p.a., flexible repayment options, and quick loan processing to help make your homeownership dreams come true.

IDBI Bank Home Loan Eligibility Criteria

Before applying for a home loan, it’s essential to understand the eligibility criteria. Here’s the essential eligibility checklist set by IDBI:

Criteria	Requirements
Age	22 years – 70 years
Nationality	Indian/ NRI/ PIO

Note: Trust is not eligible under the scheme.

Check Out: IDBI EMI Calculator

IDBI Home Loan Eligibility Based on Age

Applying for an IDBI home loan early ensures that you can get a longer repayment tenure, lowering your EMI and helping you manage your finances better.

Applicant Age	Maximum Eligible Tenure
22 – 40 years	30 years
41 years	29 years
42  years	28 years
43  years	27 years
44 years	26 years
45 years	25 years
46 years	24 years
47 years	23 years
48 years	22 years
49 years	21 years

IDBI Home Loan Eligibility Based on Property Value

The value of your property also influences your loan eligibility. Here’s how:

Property Value	LTV Ratio
Up to Rs.30 lakh	90.00% of the property cost
From Rs.30 lakh to Rs.75 lakh	80.00% of the property cost
Above Rs.75 lakh	75.00% of the property cost

Suggested Read: How to Increase Your Property Value

IDBI Housing Finance Home Loan Eligibility Based on Credit Score

A strong credit score is essential for securing LIC Housing Finance home loan, as it reflects your creditworthiness and repayment reliability.

Rating	Credit Score
Good	750 and above
Average	600 – 750
Poor	Below 600

Benefits of Using LIC Housing Finance Home Loan Eligibility Calculator

• Instantly determines your loan eligibility
• Access the calculator online anytime for free
• Get a clear understanding of your borrowing capacity
• Helps in aligning your home search with your budget
• Use your eligibility estimate to negotiate better terms and conditions

Factors Affecting LIC Housing Finance Home Loan Eligibility

Several factors affect your eligibility for an LIC home loan, including:

Factor	Impact on Eligibility
Age of the applicant	Younger applicants get longer repayment tenures
Financial position	Strong financials improve eligibility
Repayment record	Also good repayment history boosts eligibility
Credit score	Higher scores increase chances of approval
Existing liabilities	Higher liabilities reduce eligibility
Applicant’s profile	Stable profiles are favored
Property specifications	Newer, well-located properties have better eligibility
Loan guarantor status	Being a guarantor to another loan can affect eligibility

How to Improve My Eligibility For LIC Housing Finance Home Loan?

To improve your eligibility for an LIC home loan, take these key steps to qualify for a higher loan amount with better terms.

Factor	How to Improve Eligibility
Credit Score	Maintain a score of 750+ by clearing dues on time and reducing debt.
Employment Stability	Stay employed with a stable job or business for at least 2 years.
Debt-to-Income Ratio	Reduce existing debts or liabilities to lower your DTI ratio.
Loan Tenure	Opt for a longer tenure to lower monthly EMI and improve eligibility.
Co-applicant	Add a co-applicant with a steady income to boost eligibility.
Property Value	Choose a property with a higher market value to increase loan eligibility.
Additional Savings	Having significant savings or assets can demonstrate financial stability.
Avoid Unnecessary Loans	Refrain from taking new loans during the application process.

IDBI Home Loan Interest Rates

IDBI provides home loans with interest rates that reflect current market conditions and are influenced by factors like your CIBIL score. You can choose a fixed rate or a floating rate, according to your financial situation.

Floating Interest Rates

Plain Vanilla Home Loan (For Purchase/Construction/Extension)

Type of Applicants	Interest Rate
Salaried/Self-employed Professional	8.45%-10.75% p.a.
Self-employed Non-Professional	8.55%-12.25% p.a.

Plot Loan for House Construction

Loan Products	Interest Rate
Plot Loan	9.80%-10.40% p.a.

Rural/Semi Urban Housing

For Loan Amount of up to Rs 35 lakh

Type of Applicants	Interest Rate
Salaried/Self-employed Professional	8.45%-10.70% p.a.
Self-employed Non-professional	8.75%-10.80% p.a.

Home Loan Top-up

Housing Purpose	Suvidha Top-up (Non-Housing Purpose)
Interest rate of existing home loan +20 bps	Interest rate of existing home loan +75 bps

Fixed Interest Rates

Plain Vanilla Home Loan (Purchase/Construction/Extension)

Tenure	Interest Rate
For 3 years	10.90% p.a.
For > 3 years	12.00% p.a.

Plot Loan for House Construction 

Loan Amount	Interest Rate
All loan amount	12.25% p.a.

Check Out: IDBI Home Loan Interest Rate Calculator

Documents Required For IDBI Home Loans

When applying for a home loan with the IDBI, you will need to provide specific documents that verify your identity, income, and property details. Below is a detailed list:

General Documents

Category	Documents Required
Proof of Identity	PAN Card/ Driver’s License / Voter ID / Passport / Aadhar Card
Proof of Address	Driver’s License / Ration Card / Voter ID / Passport / Aadhar Card / Registered Rent Agreement

Income Proof

Salaried	Self-Employed
Latest Salary-slip for last 3 months	Last 3 years Income Tax returns (self and business)
Form 16/ITR	Last 3 years Profit/Loss and Balance Sheet
Last 6 months bank statement Processing fee cheque	Last 6 months bank statements
	Processing fee cheque

Read More: How to Get a Home Loan Without All Property Documents?

IDBI Home Loan Customer Care

Contact Method	Details
Email ID	customercare@idbi.co.in
Toll-Free Number	1800-209-4324 / 1800-22-1070 (24×7 service)
Non-Toll free number	022 – 4042 6013
Official Address	IDBI Bank Ltd., IDBI Tower, WTC Complex, Cuffe Parade, Colaba, Mumbai 400005
Nodal Officer	To contact the Nodal Officer: Call – 022 66908401 / 022 66908532 Email – rtgsneftops@idbi.co.in / etpc@idbi.co.in
Website	www.idbi.com

Check Out: IDBI Home Loan Customer Care

Home Loan Interest Rates by Top Banks

Bank	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI Bank	8.50% p.a. onwards	8.5% p.a. onwards	8.50% p.a. onwards
HDFC Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards
LIC Bank	8.50% – 10.35% p.a.	8.50% – 10.55% p.a.	8.50% – 10.75% p.a.
ICICI Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards
Kotak Mahindra Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards
Punjab National Bank	8.50% – 11.05% p.a.	8.50% – 11.05% p.a.	8.50% – 11.05% p.a.
Bank Of Baroda	8.40% onwards	8.40% – 10.65% p.a.	8.40% – 10.90% p.a.
Bajaj Housing Finance	8.50% p.a. onwards	8.50% p.a. onwards	8.50% p.a. onwards
Axis Bank	8.75%-10.30% p.a.	8.75%-10.30% p.a.	8.75%-10.30% p.a.
Bank of India	8.40% p.a onwards	8.40% p.a onwards	8.40% p.a onwards
TATA Capital	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards

Home Loan Processing Fees by Top Banks

Bank	Home Loan Processing Fee
SBI (State Bank of India)	0.35% of the loan amount (min ₹2,000, max ₹10,000) + GST
HDFC Bank	Upto 0.50% of the loan amount or Rs. 3300/- whichever is higher
ICICI Bank	0.50% of the loan amount (min ₹3,000, max ₹5,000) + GST
Axis Bank	1% of the loan amount or ₹10,000 (whichever is lower)
Kotak Mahindra Bank	0.5% – 1.00% of the loan amount
Bajaj Housing Finance	Up to 4% of the loan amount

Conclusion

Checking your IDBI home loan eligibility is a crucial step in securing a home loan. Also, by understanding the eligibility criteria and using the tools provided by IDBI, you can ensure a smooth application process and improve your chances of approval. If you need assistance, IDBI offers a facility of a pre-approved home loan even before you have identified your dream home. For any queries, feel free to contact our team of experts.

Frequently Asked Questions