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By Kaisar
Thursday, March 19, 2009 (00:17:46), EST

IDBI Home Loans Now With Insurance Cover

IDBI Home Loans are now available with a specially-designed insurance cover, which is meant to protect a borrower from financial insecurity arising out of a calamity. With this facility, you needn't worry about the loan and its repayment obligation untill you regain your financial strength. Along with this feature, IDBI home loans offer you facility like a maximum repayment period of 25 years for resident Indians and 15 years for non-resident Indians.

Apart from this, you also have option to choose between floating rate of interest and fixed rate of interest. The housing loan is available for salried individuals as well as self-employed professionals. There is a very low processing fee and you are also allowed to foreclose before the repayment tenure at nominal charges.



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