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IDBI Home Loans

IDBI Bank (or Industrial Development Bank of India) is one of India’s more dynamic public sector banks that lay emphasis on technology to offer best in class financial products and services to its customers. Founded in 1964, it served as a Developmental Financial Institution (DFI) for over four decades, until the year 2004 when it became a bank.

Subsequently two wholly owned subsidiaries of IDBI Bank Limited, i.e. IDBI Home Finance Limited and IDBI Gilts Limited were merged with the Bank in the year 2011, making the venture grow in book size.

Company brief

Today, IDBI Bank has come a long way since inception and their home loan offerings are designed to suit an individual’s requirements.

Geographic spread

IDBI Bank is the tenth largest developmental bank in the world in terms of reach, with an exhaustive network of 1853 branches across India as well as 1385 centres that can cater to a customer’s banking and financial needs, including home loans.

For NRIs, IDBI Bank operates a branch in Dubai.

IDBI Home Loan Product information

Home loans, which includes finance for both new homes as well as resale (or pre-owned) properties are offered by IDBI. A borrower can choose from a range of options that provide competitive interest rates and other terms.

This includes loans for:

  • Construction
  • Purchase
  • Renovation
  • Improvement
  • Takeover
  • Plot
  • Loan against Property (LAP)
Loan application process

You can apply to IDBI for a home loan by:

  • Visiting a branch from their extensive network across the country
  • Applying online
  • Requested for an IDBI Home Loan Sales Officer in your city to get in touch with you, as per your convenience
  • Request for a call back from the Bank, on providing your contact information
Company financials

IDBI Bank has an aggregate balance sheet of Rs. 3.74 trillion as on March 2016.

Additional information

Home loans from IDBI Bank come at competitive terms and conditions, and offer flexibility to match your requirements as a prospective home owner.

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