Mumbai, Oct 15 (UNI) IDBI has come out with a special offer for home-buyers for the upcoming festive season.
The Bank will be offering floating interest rate on fresh home loans at a concessional interest rate of 10.50 per cent for loans disbursed between October 12 and December 31.
Further, IDBI has also launched a special ''buy now, pay later'' scheme wherein buyers of properties under construction can choose to avail of a moratorium period of upto 18 months for payment of Equated Monthly Instalments (EMIs).
The festive offer is valid until December 31. The Bank has also decided to reduce the processing fee to Rs 1,000 during this festive period.