#1
November 21st, 2012, 11:21 AM
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IDBI Bank News
I am the IDBI Bank customer and I want to know latest home loan news of IDBI Bank and tell me a page and website also?
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#2
November 22nd, 2012, 09:04 AM
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Re: IDBI Bank News
You want to know the latest news of home loan from IDBI bank, so here I am providing you with the required information of the same: Features Of Home Loan: Tenor of a home loan can be up to 20 years for a resident individual (salaried & self employed professional) whereas for Self employed (resident Indian) & NRIs(salaried) the maximum tenure is 15 years subject to maximum age of 65 years at termination of loan. Normally, loan can be applied for a maximum of 80% of the property value. However, loans up to Rs. 20 lacs would be eligible for 90% of property value. The quantum of loan is determined based on the repayment capacity of the customer, as assessed by IDBI Bank. Security for the loan is first mortgage of the property to be financed, normally by way of deposit of the title deeds or such collateral security as may be necessary. Title of the property should be clear and free from encumbrances, i.e. without any pending legal litigation adversely affecting the ownership of the property. Other parameters considered include age, income, number of dependents, financial stability and co-applicant’s income. |
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