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When I was trying to get a home loan, my father suggested me to avail it from IDBI bank. He suggested that because I already had an account with this bank. I asked my father about the IDBI bank home loan processing fee. Here is what my father told me.
What are the IDBI Home Loan Processing Charges?
I have added all the information provided by my father in the table below.
| Type of Loan | Processing Fees |
Home Loan |
- 0.50% of the loan amount + GST - Rs. 2500 + GST to be collected at login and balance at the time of sanction |
Reverse Mortgage Loan/Loan for commercial property purchase |
1% of the loan amount + GST |
Loan Against Property/ Loan Against Property-overdraft / Loan Against Rent Receivables / Home Loan Interest Saver |
1.00%of loan amount. + GST Rs. 10,000 or 0.5 % + GST of the loan amount whichever is lower, to be collected at login and balance at the time of sanction. |
He also told me that before availing the home loan from IDBI, I should check how much EMI I would need to pay. For that, he suggested me to use the IDBI home loan calculator. That is all that he told me about the IDBI home loan processing fee.
I hope this information about the IDBI bank home loan processing fee has been of help to you.
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What is IDBI Home Loan Processing Fee?
Ajay
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May 2, 2024
2024-05-02T10:39:38+00:00 2024-05-02T10:39:53+00:00Comment
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Home Loan
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