IDBI Bank, a leading public sector lending institution, offers home loans that can be repaid within a maximum period of 25 years. For NRIs, however, the upper limit of this period is 15 years. Moreover, borrowers must not be more than 60 years of age at the time of maturity when applying under either kind of IDBI home loans. The scheme is for construction of a residential unit, purchase of a ready house or a residential plot and also for refinancing an existing loan from another housing finance company.
Other features of IDBI home loans include a maximum funding of upto 90 percent of the cost of property, flexibility to choose between floating and fixed rate of interest, attractive interest rate, simple documention, EMI on daily reducing balance, balance transfer facility and personalised doorstep service. | 
