Predicting drug-target interactions (DTIs) with precision is a crucial challenge in the quest for efficient and cost-effective drug discovery. Existing DTI prediction models often require significant computational resources because of the intricate and exceptionally lengthy protein target sequences. This study introduces MMF-DTI, a lightweight model that uses multimodal fusion, to improve the generalizability of DTI predictions without sacrificing computational efficiency. The MMF-DTI model combines four distinct modalities: molecular sequence, molecular properties, target sequence, and target function description. This approach is noteworthy because it is the first to use natural language-based target function descriptions in predicting DTIs. The effectiveness of MMF-DTI has been confirmed through benchmark data sets, demonstrating its comparable performance in terms of generalizability, especially in scenarios with limited information about the drug or target. Remarkably, MMF-DTI accomplishes this using only half of the parameters and 17% of the VRAM compared with previous state-of-the-art models. This allows it to function even in constrained computational environments. The combination of performance and efficiency highlights the potential of multimodal data fusion in improving the overall applicability of models, providing promising opportunities for future drug discovery endeavors.