IDBI bank home loan india

IDBI looking to expand it's retail credit foray

Even as the amalgamation of Industrial Development Bank of India Ltd (IDBI) and United Western Bank Ltd (UWB) gets close to completion, IDBI has chalked out an aggressive retail strategy with its partner in major loans like: home loan, education loan, mutual funds and credit cards.

IDBI took over the weak, old private sector bank, headquartered in western Maharashtra, in October 2006. UWB is the second bank that has been taken over by IDBI, a development financial institution that became a bank by merging with IDBI Bank, its own listed subsidiary.

Now IDBI wants to transform itself from a wholesale bank to a financial intermediary that seeks to service the masses. Currently, corporate loans account for 77% of IDBI's Rs62,353 crore advance portfolio. IDBI wants to go the whole nine yards in the retail segment over the next three-five years. The lender plans to target small- and medium-sized enterprises (SME) and agricultural businesses.

IDBI home loan news....

RPT-IDBI Bank offers home loans at 8.25 pct - Reuters India
RPT-IDBI Bank offers home loans at 8.25 pct Reuters India MUMBAI, Dec 15 (Reuters) - IDBI Bank Ltd (IDBI.BO: Quote, Profile, Research) said on Tuesday it has launched a scheme offering home loan at a fixed rate of ... IDBI Bank takes a cue from SBI, to offer home loan at 8.25 pcEconomic Times IDBI home loansCalcutta Telegraph IDBI Bank offers home loan at fixed rate of 8.25%Myiris.com Merinews -Business Standard -Peninsula On-line all 22 news articles » - 2 days ago
IDBI Bank to offer home loans at 8.25 percent - Siliconindia.com
IDBI Bank to offer home loans at 8.25 percent Siliconindia.com By siliconindia news bureau Mumbai: In a move that could intensify the home loan war that was started by the large lenders, state owned IDBI Bank will offer ... You've Seen Hybrid Cars, Now Try a Hybrid Home LoanWall Street Journal all 5 news articles » - 15 hours ago
DHFL offers home loans at 8 per cent for 2 years - mydigitalfc.com
DHFL offers home loans at 8 per cent for 2 years mydigitalfc.com IDBI Home Finance has a portfolio of Rs 3000 crore home loans with an average loan size at Rs 9 lakh. "It is much higher than the loans that we give and by ... and more » - 3 days ago

Garware Polyester to issue pref shares to IDBI

Garware Polyester Ltd (GPL) plans to issue cumulative redeemable preference shares aggregating Rs 49.54 crore to Industrial Development Bank of India Ltd(IDBI).

The company is also issuing 10,19,022 equity shares of Rs 10 each at a premium of Rs 48.88 per equity share aggregating to Rs 6 crore, a company statement said here today.

The company has received shareholders approval at an extra-ordinary general body meeting (EGM) held here.

This is a part of the financial re-structuring undertaken by the company. Its balance sheet ratios have substantially improved, thereby strengthening the financial health of the company, it said.

IDBI reduces fixed home loan rates

IDBI Ltd cut the interest rates on fixed home loans by about 100 basis points with effect from September 1. However, the floating interest rate continues to remain unchanged. The bank has also increased rates on fixed deposits for some maturities.

For fixed loans the revised rate for loans up to three years is 12.5 per cent (13.5-14 per cent) and for loans up to five years it is 12.75 per cent (13.75-14.25 per cent). The floating rate remains unchanged at 11.25 per cent, said a press release from the bank.

IDBI also raised deposit rates on fixed deposits up to Rs 15 lakh for a period of nine months to one year to 7.75 per cent (7.25 per cent); from one year to one year six months - 8.5 per cent (8 per cent); one year six months to two years - 8.5 per cent (8 per cent); two years to three years - 8.5 per cent (8 per cent); three years to five years - 8.75 per cent (8.25 per cent); five years to less than 10 years - 8.75 per cent (8.25 per cent) and for 10 years 8.75 per cent (8.25 per cent).

IDBI Bank home loan folio swells to Rs 1040 cr

IDBI Bank's home loan portfolio has grown by 360 per cent to Rs 1040 crore by mid-March in the current fiscal, according to its Managing Director and Chief Executive Gunit Chadha.

"The home loan portfolio, a fastest growing retail segment at the beginning of the current fiscal was at Rs 227 crore and has touched Rs 1040 crore by mid March", he told reporters at the launch of new ATM-based information service here today.

The retail asset base was expected to touch Rs 1500 crore and contribute 30 per cent to the total bank business by end of this fiscal, he added.

Don't get burdened from home loan

Are you burdened by the increased rate of EMIs on housing loans? Are you finding it difficult to manage the increased EMIs? Will it be right to buy a house now?

If you want to buy a second house, is it the right time to go for one?

I HAVE TWO YEARS OLD HOME LOAN FROM IDBI BANK OF 20 YEARS .. AS THE PRICES OF FLAT HAVE NOW DOUBLED CAN I SELL OFF & WHAT IS THE PROCEDURE???

Harsh Roongta CEO Apnaloan.com answers, Off course you can sell of the flat. You will need to clear off the loan before you do so. Read the detailed process for selling a property with an existing loan.