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23rd April 2013, 12:10 PM
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Join Date: May 2012
Re: IDBI Home Finance Ltd Pune

IDBI bank provide home loan to customers. Following are features of home loans:

Home Loan Tenure: Tenor of a home loan can be up to 20 years for a resident individual whereas for Self employed & NRIs the maximum tenure is 15 years subject to maximum age of 65 years at termination of loan.

Home Loan Eligibility Criteria:
Parameters considered include:
Age,
Income,
Number of dependents,
Financial stability
Co-applicant's income.

Tax Benefits

A maximum deduction of Rs. 1,50,000 on your income towards interest paid on your home loans u/s 24

A maximum deduction of Rs. 1,00,000 on the principal repaid u/s 80 CCE

Interest Rate:
15 - 45 days 6.00
46 – 90 days 7.00
91 days -< 6 months 7.75
6 months – 269 days 8.65
270 days- 1 Yr 8.75
1 Yr 1 day - 499 days 8.75
500 days 9.00
> 500 days - 5 Yrs 9.00
> 5 yrs – 7 yrs 8.75
>7 yrs – 10 yrs 8.50

Address:
IDBI Home Finance Limited
#1204/2, Gopika Niketan ,
Shivaji Nagar, Main Ghole Road
Deccan Gymkhana, Pune -411004
Ph: 020 - 25510625, 020 – 25510630


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