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This was one of the most helpful things to consider in the IDBI Bank home loan review. They also don’t bother you with unnecessary paperwork or documentation. IDBI bank charges a processing fees of 1% of the home loan amount you have applied for. IDBI Bank provides top up loan for existing customers and i always beleived that private bank will "behave good" with existing customers. I applied for Rs 13 lakh for loan for house extention. Loans are taken care by DST, which is the "ONLY" interface to customer, i tired reaching many times behind this layr to talk to some one from IDBI.
Q. I haven’t decided on a property, am I eligible to get a home loan? You will have to select a property on the basis of the loan amount sanctioned. Secondly, the property which you have selected should come under IDBI banks list of approved projects. IDBI Bank Pradhan Mantri Awas Yojana IDBI Bank offers financial assistance for the housing needs of the urban poor under the Pradhan Mantri Awas Yojana . The Credit Linked Subsidy Scheme under PMAY benefits applicants from the Economically Weaker Section and Low-Income group categories by offering term loans at an interest subsidy of up to 6.50%.
IDBI Bank Home Loan Reviews
But the pain and torture I went through is enormous. They delayed sanctioning my loan for almost six months. After that they deducted my EMI before my possession. I was just calling bank people and no reply from them.
When a property is mortgaged the original documents lies in the custody of bank and hence cannot be canceled and if canceled the bank won’t provide that person a loan and hence it cannot be mortgaged. Now the question raised by their lawyer is very illogical considering this matter. Also IDBI Home Finance is not making the matter clear and harassing me unnecessarily.
IDBI Bank Location
You can know the status of your complaints online using crmsonline.idbibank.com/Track_Complaint.aspx. My money has been deducted from my account for re issue of debit card however the card was never delivered to me. Your ROI has been increased due to increase in REPO rate by RBI. You can do part payment or increase EMI as per your wish. They have not provided the ammortization schedule and emi amount even after 2 -3 reminders.
I got the gift card but when I'm trying to get the balance information in any ATM it's displaying Invalid transaction. Now I am asking them to generate EMI for last 1 yr but they are refusing as my builder has not completed the last stage. My loan approval process is hectic making us run here and there and for grantor they asked it has to working with salary so & so and should be living in certain area of Chennai. I can't believe how come they can run a home loan division like this. I will recommend NOT selecting this Bank for Home loan they suck in service and not cooperate with builder and harass us like anything. This review was chosen algorithmically as the most valued customer feedback.
Home Loan Interest Saver
Anyway, I reply to the e-mail asking them to clarify that e-mail. Then the representative replies saying that my password will be dispatched to my mailing address. Start with IDBI BANK is good but END is worst.poor staff presence, passing time in personnel talks . Now I feel this is preplanned cheating with me becouse my self cleared all things before submit my papers.
IDBI provides housing finance at affordable interest rates, starting from 7.40% p.a. Individuals can also check several EMI options with the help of the IDBI home loan calculator and select the right one as per their repayment potential. I had applied for IDBI Home Loans as they offered me 85% LTV ( which was more than 80% LTV from other bank, from where i got the sanction letter). I submitted my documents and asked them to check for my eligibility if i would get 85% of LTV or not, if not than i'll go with my existing sanction letter from other bank. They persuaded me that it will be through and i should also give processing fee cheque of 0.5% in advance , so that they could login my file. I categorically mentioned that first let me know my eligibility and then i'll ask you to process it.
Who is the best vastu consultant in India?
It has 1285 centers, including two overseas centers at Singapore & Beijing. IDBI Bank is on par with PSU banks as far as government ownership is concerned. It is one among the 27 commercial banks owned by the Government of India.
But asked for all document which are now old due to 3 mots long processing. So I had to get bank statement s, EC once again till date from April. DST took more than 2 months to collect requirement documents from me.
The main motive of this facility is to pay the maximum amount when a borrower is still salaried and as a result the EMI decreases overtime. This paves way for happy retirement as the loan burden will ease by then. Recently I took home loan from IDBI, they gave me best interest rate around 8.5% for the tenure of 30 years.
On the other hand, if we approach them for a better interest rate or discount on the interest rate, then the bank might charge a processing fee for the same. When obtaining a house loan, it is critical to consider the interest rate, processing fees, and other requirements. I am here to provide you with the IDBI home loan review. After conducting extensive research on various institutions, I realised that IDBI is no doubt a good bank and the interest rate provided by them is 9.85% for a period of 3 years and 10.10% for more than 3 years.
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