I Accept the Terms & conditions
It enables the customers to earn optimal yield on their savings by reducing interest burden on Home Loans. Eligibility – Salaried individuals Minimum Amount – 20 lakhs Allowed to withdraw – Yes IDBI Home Loan Interest Saver option Home Loan Interest Saver provides you the facility of linking your Home Loan account with the Flexi Current Account (The interest liability of your home loan comes down to the extent of surplus funds parked in the operative current account. You will be allowed to withdraw or deposit funds from this operative current account as and when required. Interest on Home loans will be calculated on outstanding balance of loan minus balance in the Current Account based on EOD balance.
· Eligibility – Salaried individuals Who crossed 22 yrs of age.
· Allowed to withdraw – Yes
HOME LOANS – INTEREST RATES With effect from 01.04.2016
MCLR (in% )
You can decide what amount you want to pay for your Home Loan interest. The Product facilitates you to save the interest cost and repay the loan much faster.
How Does Home Loan Interest saver work?
Home Loan Interest Saver provides you the facility of linking your Home Loan account with the Flexi Current Account (The interest liability of your home loan comes down to the extent of surplus funds parked in the operative current account. You will be allowed to withdraw or deposit funds from this operative current account as and when required. Interest on Home loans will be calculated on outstanding balance of loan minus balance in the Current Account based on EOD balance.
Advantage: Home Loan Interest Saver
Use the Flexi Current Account to deposit your excess savings, annual bonus etc. You will have the flexibility to withdraw the idle/surplus money deposited in Flexi Current Account at any point of time
Just deposit these funds into your Flexi Current Account and enjoy interest saving on your home loan to the extent deposited.
The Flexi Current Account can be used like a normal current account and you will be provided with a cheque book and an ATM Card. You will also have access to our online banking portal and our entire gamut of banking facilities
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