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10th November 2017, 01:12 PM
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Join Date: Aug 2012
Re: Schedule of Charges IDBI Bank

The Schedule of Charges on Home Loans / Mortgage Loans incurred by IDBI Bank from its customers is as follows:


Floating Rate Housing Loans:
No pre-payment/foreclosure charges are applicable

Mortgage Loans and Fixed Rate Housing Loans

If Own Funds (Bank reserves the right to call upon any document considered necessary)
- Within 6 Months from Final Disbursement
2% / 3% / As Per Sanction terms

- After 6 Months from Final Disbursement

If Balance Transfer
2% / 3% / As Per Sanction terms


Time for Original document retrieval after realization of closure payment
15 working days

Collection of original documents.
Only by Applicant OR Co-Applicant/s OR POA holder (with appropriate clause for collection of original documents)

Next EMI
If foreclosure is realized after the 20th of the month, next EMI will hit for clearing. If the EMI is recovered after closure of Loan account the same will be refunded back.

Schedule of Charges Home Loans Mortgage Loans IDBI Bank

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