IDBI Bank Home Loan in Chandigarh

About IDBI Bank Home Loan in Chandigarh

Owning a house is one of the most cherished dreams of the people. But most people drop the idea because they don’t have an adequate amount. IDBI Bank helps such people by providing them with the ideal banking solution that is home loan. It provides loan for the minimum amount of ₹ 5 lakhs to up to ₹10 Crores. The customers can apply for the loan by submitting the application form along with the required documents. The list of documents is given below.

IDBI Bank Home Loan in Chandigarh at a Glance

ParticularsDetails
Interest Rate 8.60% - 8.90%
Loan amount₹ 5 lakhs to ₹ 10 Crores
TenureSalaried - 30 years
Self Employed Professional/ Non-Professionals - 20 years
Processing feeAs per bank's norm
Pre- payment chargesAs per bank's norm

Eligibility Criteria

The IDBI Bank provides home loan after evaluating individual’s profile. It has set certain criteria to determine the suitability. The home loan can be availed by:
(1) Salaried individuals who have at the time of loan application attended the age of 22 years. The maximum age at the termination of loan should not be more than 70 years subject to establishment of satisfactory repayment.

(2) Self Employed Professionals (viz.doctors, engineers, dentists, architects, chartered accountants, management consultant, company secretary, etc) who have attended the age of 25 years at the time of application and maximum age at the time of termination of loan should not be above 70 years.

(3) Self Employed Non-Professionals (Businessmen) who have attended the age of 25 years at the time of application and maximum age at the termination of loan should not be above 65 years. Maximum age under the category may be relaxed subjected to availability of proper succession plan of the business.

Documents Required

In order to avail the benefit of home loan, the individual needs to submit the following documents:

  • Signed application form with photograph
  • ID Proof- PAN Card/ Voter ID/Passport/Driving License, photograph
  • Residence proof – Latest Telephone Bill/ Electricity Bill/ Property Tax Receipt/ Passport/ Voter ID
  • Income Proof – Form 16/ITR (for salaried individuals) & Last 3 years Income Tax returns (self and business), Last 3 years Profit /Loss and Balance Sheet (for Self-Employed)
  • Last 6 months bank statement
  • Last 3 months salary slips
  • Processing fee cheque
  • Education Qualifications Certificate and Proof of business existence (for Self-Employed Professionals)
  • Proof of business existence and Business Profile (for Self-Employed Non-Professionals)

To know more, refer Home Loan Chandigarh

Address of IDBI Bank Branches in Chandigarh

The complete address, IFSC Code, MICR Code and customer care details of IDBI Bank branches located in Chandigarh is mentioned in the table below:

Branch NameAddressIFSC CodeMICR Contact Details   
ChandigarhAddressIFSCMICRCustomer Care
Chandigarh - Main BranchSco 55 - 56 - 57, Madhya Marg Sector 8IBKL00000031602590010172-543927/28/50/54
ChandigarhB - 19 - 110/14, Lind Floor, 203 Carnival Shopping Centre, Mall RoadIBKL00001431602590050172- 2709689, 2722648, 2702976, 2722642
CCU, ChandigarhSCO 119 - 120 Sector 43 B Chandigarh Chandigarh 160022 IBKL00002721602590090172 4678894/95/96
Retail Asset - ChandigarhSCO - 119 - 120, Sector - 43/b, Basement, ChandigarhIBKL00009791602590099814527191
Industrial Area, ChandigarhIDBI Bank(RAC), SCO - 72 - 73, 3RD. Floor, Sec - 17 B, Banks Square, Chandigarh - 160017IBKL0000812NON-MICR9876028160
Sector- D , ChandigarhPlot No.149, Industrial Area, Phase 1, ChandigarhIBKL0001799NON-MICR8556865064
Ground floor, Sc-162-163, Sector 9c, ChandigarhIBKL0002008NON-MICR0172-5084688

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