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.
Today, IDBI Bank has come a long way since inception and their home loan offerings are designed to suit an individual’s requirements.
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.
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:
You can apply to IDBI for a home loan by:
IDBI Bank has an aggregate balance sheet of Rs. 3.74 trillion as on March 2016.
Home loans from IDBI Bank come at competitive terms and conditions, and offer flexibility to match your requirements as a prospective home owner.