IDBI Bank Home Loan in Gurugram

About IDBI Bank Home Loan in Gurugram

IDBI Bank has been set up in the year 2004 as it was previously a development financial institution which was formed in 1964. It served for over 40 years as the development financial institution and contributed its role in the nation building and now it is the full-time commercial bank. It proffers home loan to the aspirant buyers to help them own a house of their choice. The details of the loan product are as follows.

IDBI Bank Home Loan in Gurugram at a Glance

ParticularsDetails
Interest Rate 8.65% - 8.95%
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 Gurugram

Address of IDBI Bank Branches in Gurugram

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

Branch NameAddressIFSC CodeMICR Contact Details   
SikanderpurMehrauli Gurugram Road SikanderpurIBKL00000381102590040124-6357449
Sushant Lok - Gurugram6 - 7 , Orchid Square, Sushant Lok , Phase I, B Block, Gurugram- 122002IBKL00001711102590130124-2578681-82-83
ManesarRaheja Square, Manesar Null, Gurugram, Haryana 122050IBKL00001981102590230124-4366305-8
Subhash Nagar - Gurugram- IIIKataria Complex, New Railway Road, Subhash Nagar, Gurugram– 122001IBKL00002641102590340124-2225723/24/25
Omaxe Mall, GurugramG - 3, Omaxe Plaza, Sohna Road, Gurugram, Haryana - 122001.IBKL00002951102590350124- 2217886/87/9212809252
RAC - GurugramIDBI Bank (RAC), 1ST.Floor, Kataria Complex, New Railway Road, Subhash Nagar, Gurugram - 122001, HaryanaIBKL0000842NON-MICR9910125833
Sector15, GurugramSCO 2, 3 & 4, Old Judicial Complex, Sector 15, GurugramIBKL00011611102590569958322179
Sector 10 A, GurugramIDBI Bank Ltd., Sco 27-28, Sector 10a, Gurugram-122001IBKL00012841102590620124-2372470

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Home Loan Interest Rates December 2018
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Axis Bank8.85% - 9.10%
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