IDBI Bank Home Loan Solutions and Cuts in Floating Rates

Owning a place of one’s own is a dream which everyone has and with soaring property rates and competitive economy some of us feel to let the dream stay as it is. However, the question is how long does one wishes to stay in a rental property? Well nobody loves to realise the answer and not even wishes for it. The solution to such problem is taking the help of IDBI bank home loan which comes with numerous benefits for the borrower.

Firstly, there are numerous products and services available under the IDBI bank home loan category such as home loan-interest saver, home loan- top up, home loan booking finance, extension loan and refinance facility which can be beneficial for the interested client. Secondly, choosing from the wide products makes it possible for the individual to select the perfect policy according to his needs and financial situation. Further, the company provides transparent and well-guided service to its clients through experienced and well-trained staff member who understand that building and owning a home is a precious part of life.

The insight of it

Apart from the regular services the current financial year has seen the firm announcing reduction in floating home loan rates with maximum of 75 base points. For loans up to 25 lakh the bps has been reduced to 10.75% while for higher loans up to 75 lakh the bps is 11%. Loans above 75 lakh have bps of 11.25% which is somewhat similar to other bank policies. Moreover, the firm has also decided to launch various festive schemes in this year.