IDBI Bank Home Loan

IDBI Bank is a statutory bank which was formed in the year 1964. Initially, it was established for the purpose of providing financial facilities to Indian industries. In the year 2004, the RBI incorporated it as a ‘scheduled bank’ in order to expand its scope to other financial products and services. Currently, this bank is operating through its more than 1800 branches across India with its headquarter in Mumbai. Earlier the Government of India has owned this bank with its hold on more than 80% stakes. But now LIC has acquired its 51% of stakes, practically owning it.

IDBI is quite competitive with its other private counterparts in the field of retail lending. Therefore, IDBI home loan can be the best option if you are looking for housing finance.


The bank has the history of being ranked in the Forbes Global 2000. In the Dun and Bradstreet award 2011, IDBI has won the ‘Overall best bank’ and the ‘Best public sector bank’ award. Apart from that, this bank has also received Banking technology award and the best risk management award by Indian Banks Association.

Benefits of IDBI home loan

  • Being here for long, the bank has in-depth knowledge and expertise of the industry.
  • It provides services with the quality at par with other private sector banks.
  • Transparency of information and procedure is a part of the bank’s policy.
  • The loan processing is also quick and hassle-free.
  • Customized features of home loan to fulfill the requirement of its customers.
  • The range of home loan products is wide. It includes:
    • Home purchase
    • Construction of the house
    • Home improvement
    • Home extension
    • Balance transfer
  • Flexible repayment option
  • Online loan application facility is available.

Unique proposition of IDBI bank home loan

  • Assistance in property search for its home loan applicants.
  • In-principle approval even before the property selected by the applicant.
  • Home loan interest saver facility- Link your home loan account with the Flexi current account. The money parked in Flexi current account reduces the interest liability. It does not block your money. One can withdraw and deposit in the account as and when required.