About IDBI Bank Home Loan in Jammu
In Jammu, IDBI Bank proffers multiple banking products and services. Through its wide range of products, the bank caters all the requirement of its customers. It gives wings of finance to the consumers and helps them in turning their dream into reality. It provides home loan to the buyers who are eligible to avail the loan as per the bank’s policy. The eligibility criteria is given below.
IDBI Bank Home Loan in Jammu at a Glance
| Particulars | Details |
|---|---|
| Interest Rate | 8.80% - 12.25% |
| Loan amount | ₹ 5 lakhs to ₹ 10 Crores |
| Tenure | Salaried - 30 years Self Employed Professional/ Non-Professionals - 20 years |
| Processing fee | As per bank's norm |
| Pre- payment charges | As 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 Jammu
Address of IDBI Bank Branches in Jammu
The complete address, IFSC Code, MICR Code and customer care details of IDBI Bank branches located in Jammu is mentioned in the table below:
| Branch Name | Address | IFSC Code | MICR | Contact Details |
|---|---|---|---|---|
| Jammu - Main Branch | 222 - 225, City Centre, Iind Floor Begum Bridge Road | IBKL0000147 | 180259002 | (0191) 2474337, 2474339. |
| Janipur | Gunjan Plaza, Disco Road, Janipur, Jammu | IBKL0002034 | 180259004 | 9018473344 |