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IDBI Mortgage Loan

The IDBI bank provides mortgage loans for home purchases. These loans are available at various interest rates. However, the rates of interest applicable may vary over time. There are different kinds of mortgage loans available for the customers.

The various Home loans or mortgage loans which are available are:

  • Floating home loans
  • Fixed home loans
  • Floating mortgage loan
  • Reverse mortgage loan

The IDBI mortgage loan interest rates are calculated on the basis of BENCHMARK PRIME LENDING RATE (BPLR) which is 12.75%. The details of the various mortgage loans are described below:

IDBI Floating home loans

1-25 years (Up to 20 lacs): (BPLR-3.75) = 9.00% 1-25 years (Above 20 lacs): (BPLR-3.25) = 9.50%

Fixed home loans

3 years fixed: 11.0% 5 years fixed: 11.25%

Mortgage Loan (Floating)

Loan Against Property (Residential / Commercial) (LAP): BPLR = 12.75% Loan Against Property Overdraft (LAP / OD): (BPLR+0.25)= 13.0% Loan Against Rent Receivables (LARR): BPLR = 12.75%

Reverse Mortgage Loan (Floating)

Fixed (post 5 years re-phasement): (BPLR-2.00%)= 10.75%

Home loans or mortgage loans are quite common terms in use. However, Reverse mortgage can be something that is new. IDBI Mortgage Loan also has provisions for Reverse mortgage where the house and the equity in the house is monetized by the bank. In this form of the mortgage, the owner of the house mortgages the house (property) to IDBI and the banks pays a certain amount every month so that the borrower can sustain his/her life for the rest of the years.

Comments

Dear Sir pleasa do let me know the procedure fro the mortgage loan. I do have a flat in of 1029 sqt three bedroom flat plus carparking extra.This is locaterd at kaloor/ kadvandara road. Thanks Robhin

REQUESTED FOR MORTGAGE LOAN Rs.8.00 LAKHS AGAINST RESIDENTIAL PROPERTY (MARKET VALUE Rs.20.00 LAKHS) SITUATED CLOSE TO YOUR BRANCH AT VASAI (WEST) THANE DIST. MUMBAI W.RLY. - 401 202

Hi, I need mortgage loan 0f Rs 5.00 Lakhs against Agriculture land near Guntur. Would you please give the details of the loan processing? Thanks, Rajesh

dear sir, I need mortgage loan 0f Rs 50.00 Lakhs against Agriculture land of about 13.5 acears holding market value of Rs 71 lacks. Would you please give the details of the rate of intrust and loan processing..?

Dear sir please do let me know the procedure for the mortagage loan i have a double bed room house its not a flat and flat of single bed room in hyderabad thanks beeram

I want Property against Mortgage loan required Rs. 3,50,00,000/- I am established New Engg College in the name of BVR Inst of Engg College this is rural area location I am ti-up with Jindal Steel & Cement Factory.

dear sir plz do let me know procedure of the morgage loan i need morgage loan 6 to 7lac n my property value is 50 lac

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