What are IDBI Home Loan Reviews?

My experience with IDBI Home Loan was not that great. After the first disbursement, there was no proper coordination from the staff. They promised everything would be handled without visiting the branch, but I had to constantly follow up. At the last moment, they added insurance requirements and increased the interest rate without prior notice. Important details like pre-EMI and the loan account number were also not communicated clearly.

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There was no clear information provided at any stage of the home loan process. Communication was weak, and I did not receive proper updates or guidance. Even after document submission and disbursement, important details were missing. The service quality does not match the expectations of a bank offering home loans. I would advise others to be cautious before applying.

I availed a home loan from IDBI. On the positive side, I found their flexible repayment options, in-principle loan approval helpful. The application process was fairly straightforward. However, their customer service needs improvement. Emails often go unanswered, phone calls are rarely picked up, and guidance during issues is limited. Overall, while the loan features are beneficial, IDBI Bank should focus on enhancing customer support.

I have availed a home loan from this bank. I would say that although the IDBI home loan interest rate is slightly higher (just slightly), the loan facility is quite good. I availed this home loan in 2018 and it has been 3.5 years. I get regular updates, reminders and in fact, I get calls from the bank loan agent to know if I have any queries or if I want to change the home loan duration because I made an enquiry about the same. I am planning to change the duration from 10 years to 7 years. He is helping me out. My experience has been good so far. 

When it comes to IDBI home loan review, I have found a lot of negative comments. The thing is every branch has different individuals handling customers. I live in Sarjapur and I visited the IDBI Sarjapur branch. Although the home loan agent was a novice, the bank manager helped me understand the home loan process and fees in detail. I am planning to close my home loan with this bank. You can contact the bank manager of the nearest branch. They are usually very helpful.

I actually want to ask everyone here, is IDBI bank good for home loan? I have heard that they charge higher interest rate. If I go for it will I be able to get good service? Is there any chance that the interest rate will drop? I am making home loan enquiries in other banks as well and so far I feel IDBI is not ranking in the top 3 choices for me. I need a loan of Rs. 60 lakhs and I am willing to repay it within the next 8 years. Please suggest which bank I should go to.

Hi,

I am a 22-year-old self-employed person, who wants to get a home loan. I am writing this IDBI home loan review as I discovered from the IDBI home loan section, that my loan will not be sanctioned as they have this particular age bar to consider. One of the eligibility criteria to get an IDBI home loan is that an individual should belong to the age group of 25-70 years. Anyone, kindly let me know which bank will provide me with a home loan at this age.

Hi,

I recently availed myself of a home loan from IDBI Bank hence I will try to provide you with the IDBI bank home loan review. 

I would like to highlight that they no doubt provided me with a good service, Most importantly, there is no such thing as a call centre here, where you call the bank for a requirement and end up talking to a different person each time, where you end up explaining your problem to a hundred different customer service representatives, and you still don't get what you want at the end of it all. 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. 

Hi,

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. There is no repayment fee, so if you wish to pay in lump sums, you won't have to pay any additional fees. The processing fee is 0.5 percent, but this is negotiable. There is no administrative fee. However, I would like to suggest that you should consider other banks as well, as they might provide lesser rates of interest, and often Interest rates are negotiable subject to the credit history.