IDBI Bank Home Loan in Mumbai

About IDBI Bank Home Loan in Mumbai

Make home loan journey sweet and memorable by availing the loan at decent rates by IDBI Bank. The bank provides the loan for the purchase, construction and renovation of the house. It approves the loan application after evaluation of the profile and documents. Refer the eligibility and documentation required sections to know more.

IDBI Bank Home Loan in Mumbai 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 Mumbai

Address of IDBI Bank Branches in Mumbai

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

Branch NameAddressIFSC CodeMICR Contact Details
Nariman PointMittal Tower, C Wing, Gr.floor, Nariman Point,IBKL0000004400259002022-2824057, 65
KharDharmi Niwas , Plot N0.77 R.K.Mission Marg , KharIBKL0000014400259003022-6001327-29
ChemburShop 12 - 16, Sunny Estate Ii, Sion Trombay Road, Chembur,IBKL0000018400259005022-2529 1112/1086
Warden RoadTirupati Apartments Bhulabhai Desai RoadIBKL0000019400259004022-56578354-55
PrabhadeviKohinoor Bldg , Veer Savarkar Marg , PrabhadeviIBKL0000026400259007022-4222863/3093
GhatkoparShop No.2 , Gr. Floor , Vallabh Vihar Mg.road , Ghatkopar EastIBKL0000033400259008022-5023801/02
AndheriMarigold House, Plot No.a - 34, Cross Road No.2, Marol, Midc, Andheri(E)IBKL0000039400259009022-8368218/8239
TalojaIndal Compound Plot No 2 , Midc, TalojaIBKL0000047400259010022-7401582/83
BorivaliKaustubh Park, Next To Bhagwati Hospital, Mandapeshwar Road, Borivali (W)IBKL00000594002590118946653/85
Retail AssetsTribhuvan Building, Vijay Vallabh Chowk Pydhonie, 1/3, Kalbadevi RoadIBKL000009640025901866977800
KalbadeviPai Restaurant, Corner Of College Rd & Samadevi RdIBKL0000100400259012022-23451358 / 23472969 / 32511711
VashiHaldia Dock Complex ChiranjibpurIBKL0000123400259015022-27800254/ 55/ 56.
MaladIDBI Towers, Ground Floor, WTC Complex , Cuffe ParadeIBKL000012540025901656552469/22163252
Main Branch - MumbaiIndian Red Cross Society Building 1, Red Cross Road, Post Box No.231IBKL0000126400259017022-56553355
VersovaNew Cosmos Chs, Main Sai Rd Juhu VersovaIBKL0000162400259019022-26256741/42/43.
Nana ChowkGround Floor, Kailash Darshan Building, Shankar Sheth Road, Kennedy Bridge, Nana Chowk, MumbaiIBKL0000166400259069022-23816075-76-77
Andheri (west)1ST Floor, Gopi Chambers, New Link Road, Opposite Citimall, Andheri (west), Mumbai - 400053 .IBKL0000174400259051022-26731552/53/54/55
Vile Parle (W)185, A, Bhavana Apts, S.V. Road, Opp GTC Factory, Vile Parle ( West ) Mumbai - 400056IBKL0000181400259028022-26701320/21/22
BelapurIDBI Building, Plot No 39/40/41, Sector 11, Cbd - Belapur, Navi - Mumbai - 400614 , MaharashtraIBKL0000183400259023022-56119631 / 27576763

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Home Loan Interest Rates December 2018
State Bank of India/SBI8.75% - 9.35%
HDFC8.80% - 9.70%
Bank of Baroda8.65% - 9.65%
LIC Housing8.85% - 9.05%
PNB Housing Finance9.00% - 13.00%
ICICI Bank9.10% - 9.35%
Axis Bank8.85% - 9.10%
Citibank9.00% - 9.85%
Indiabulls Housing Finance Limited8.80% - 11.05%
Kotak Bank8.90% - 8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 14.00%