Getting a house is probably one of the biggest life achievements for all and home loans make it easier for working class to achieve that dream. However, getting the best deal on home loan that fits your budget and your requirements can at times be tricky. It is important to keep in mind the various charges and fees that are charged by banks and ensure that you pick a relatively transparent loan structure. Home loans have one of the highest loan tenures; therefore it is imperative to choose a home loan from a bank that is trust-worthy and affordable.
IDBI Home Loans are customized keeping in mind the need of a Home Loan borrower and offer flexibility and transparency. IDBI Bank is a government bank that has been in the banking and financial services since 1964 and is headquartered in Mumbai. Currently it ranks tenth as one of the largest developing bank with a broad network of ATMs, branches and a dedicated customer service network.
Why people prefer IDBI Bank Home Loans
IDBI bank home loans are designed to meet every home seekers requirement. They offer a much higher loan to home value than any other bank. It goes as high as over 90% of the current market value of the property that you wish to purchase. IDBI also offers higher loan tenure, which is as high as upto 30 years. It also offers existing home loan transfers provided you have had an excellent repayment record from previous bank. It also allows you a top up on the balance transfer that can help you get additional benefits out of the home loan. IDBI bank also partners with many upcoming housing projects and allows you to avail a faster loan processing time frame if you choose a home out of the projects, which has an IDBI tie-up. IDBI also offers flexible repayment choices that can be adjusted as per your income and the amount you are able to contribute every month towards your home loan. IDBI also pre-approves your home loan in cases of existing account holders and eligible individuals. IDBI bank also offers an extensive range of Home Loan products such as home loans for major home renovations, home extension loans, home loan refinance, etc. IDBI Bank home loans can be availed at an interest rate of 9.60% that includes the MCLR of 9.45%+0.15%. There are also no pre-closure charges.
Benefit Of Applying IDBI Bank Home Loans @ Letzbank
The most instant benefit of applying IDBI Bank Home Loan at Letzbank is the service charge waiver that is applicable on all online loan applications that are submitted at Letzbank.
At Letzbank, you get the benefit of clear and precise comparison of all loan offerings that allows you to easily sort different loans according to their features and charges. Once you have made a selection on the loan you wish to avail, you can also benefit from the Instant Quote feature that gives you access to the quote from the selected bank. All this is possible because of Letzbank’s collaboration with different banks that allow you to get the best loan deals and a range of services that are reserved only for Letzbank customers. You can also benefit from the free access to instant filing of your Income Tax Returns online as well as ability to check your Credit Score within clicks. Letzbank also lets you keep a record of all your financial documents in one place by providing a tool called Document Locker. Document Locker is a free tool by Letzbank that is a safe and secure way to store your financial documents online without the hassle to scan and submit them every time you submit documents for a loan application. Letzbank also provides a wide range of insurance services such as car insurance, medical insurance, life insurance, etc. that you can benefit from all at one place.
You can also get the benefit of exciting discounts and offers on different card products and loans at Letzbank website. Simply visit the Offers Tab and you can view all the limited period offers that you can grab for your existing debit, credit cards, wallets and loans.
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