IDBI Bank Loan Against Property Availed in Apr 2015
Slightly high interest rate, but low processing fees and no hidden charges. The loan agent ensured that the we did need to visit the branch only once. I took the LAP interest rate saver, which is an overdraft facility on the LAP wherein he I could deposit an excess capital in the account and save my interest expense on the corresponding amount. I am in a seasonal business and this features is a boon for meMoreLess
Reviewed on 13th May 15
3.8 / 5 stars
IDBI Bank Home Loan Availed in Apr 2015
IDBI post disbursement services are too good. I get regular alerts, periodic reminders etc. I am very happy with their services. MoreLess
Reviewed on 21st Jan 15
3.5 / 5 stars
Good product and customer serve
IDBI Bank Home Loan Availed in Dec 2014
Slightly high interest rate, but zero processing fees. The process was convenient and they provided door step service. If they could match the best rates, could be one of the best home loan options. They also offer home saver on the loan, which has been very useful in managing my business.MoreLess
Mahesh Kumar Jain, MD and CEO of Indian Bank have been appointed as MD and CEO of IDBI Bank. Mahesh Kumar Jain will head IDBI Bank for the remaining period of his current tenure or until further orders, whichever is earlier, IBDI Bank added.
IDBI Bank has decided to limit its fresh loan disbursements to corporate sector due to rising quantum of bad loans. Simultaneously, the bank has decided to expand its business in retail loan segment. The decision has been taken to arrest the burgeoning non-performing assets.The bank has witnessed a significant rise in its non-performing assets by Rs. 5,111 crore at Rs. 35,254 crore during the third quarter of FY17.
The Central Government of India is set to invest Rs. 3,000 crore in IDBI Bank as a bailout package. The infusion of funds is expected to help the bank in maintaining its capital adequacy ratio and revive its falling credit growth. Earlier the bank has received approval from board of directors to divest some of its non core activities through which the bank expects to raise Rs. 5,000 crore.
IDBI Bank has reduced its home loan interest rates by 60 basis points for new home loan borrowers. The revised home loan interest rate now stands at 8.55 percent as compared to 9.15 percent earlier. The new rate is effective from 1st February, 2017.
IDBI Bank has reduced its overnight and three months marginal cost of lending rates to 8.50 and 8.85 percent as compared to 8.75 and 9.15 percent earlier. The revised MCLR for six months and one year now stands at 8.90 and 9.15 percent respectively. Similarly, three year MCLR has reduced to 9.30 percent as compared to 9.70 percent earlier. The rates are effective from 1st January, 2017.
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