IDBI Bank Home Loan in Chennai

About IDBI Bank Home Loan in Chennai

To financially help the potential home loan buyers, IDBI Bank has rolled out home loan service. The benefit of it can be taken by the salaried and self-employed individuals who possess fair repayment capacity. The bank has set the parameters on the basis of which individual’s profile is evaluated. The interest rate, loan amount and repayment details of the bank’s home loan product are as follows.

IDBI Bank Home Loan in Chennai 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 Chennai

Address of IDBI Bank Branches in Chennai

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

Branch NameAddressIFSC CodeMICR Contact Details   
Greams RoadP.M. Towers 37, Greams RoadIBKL0000005600259002044-8292371-373
AlwarpetSona Building, 37, C.p. Ramaswamy Road, Alwarpet,IBKL0000022600259003044-4661204, 24988419
N M RoadNelson Tower, New No - 91 Nelson Manickam RoadIBKL0000045600259004044-3745802/03
Chennai - Main BranchIDBI Complex, Near Lal Bungalow off C G RoadIBKL0000129600259006044-22355201-16
T . Nagar1ST Floor, Devi Arihant, 24/2, Old No 16, Dr Nair Road T.nagar Chennai, Tamil NADU 600017IBKL0000194600259008044-42605020/40
KilpaukGround & First Floor, Pattery Balfour Road, Kellys, Kilpauk, Chennai Tamilnadu – 600010IBKL0000287600259012044 - 2644 8435/23/24/25
MogappairPlot No. 12/18, Seethakathi Road, Mogappair East, Chennai - 600037IBKL00003006002590154426567637
Nungambakkam102/103, First Floor, Prestige Point, No. 33 Haddows Road, Nungambakkam, Chennai., Pincode - 6000006IBKL0000630600259010044-2825811628258110
Retails Assets Center, ChennaiMurugesa Naicker Office Complex, Iii Floor , 68, Greams Road, Chennai - 600006, Tamil NaduIBKL0000814600259009044-28299653, 9690
OTA Extn CounterO T A, St. Thomas Mount, Chennai - 600016IBKL0000904600259005044-22341676 /22341685
SKPas College Extn CounterSri Kanyaka Parameswari Arts & Science College For Women, No. 1, Audiappa Naicken Street, Chennai - 600001IBKL0000907600259007044-25394929 / 39
RPU ChennaiMurugesa Naicker Complex, 3rd Floor, 68, Greams Road, Chennai 600006IBKL0000993600259000044-8295158, 59 & 60
TambaramNO.4, Duraiswamy Reddy Street, West Tambaram, Chennai 600045IBKL0000370600259017044-22266844
Currency Chest, ChennaiKhivraj Complex 1, Ground Floor , 480 Anna Salai, Nandanam, Chennai - 600035IBKL0000976NON-MICR9445258628
Velachery51 B, Velachery Main Road, Velachery, Chennai - 600 042IBKL00007366002590209940102244

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