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INDUSIND BANK HOME LOAN

Indusind Bank Home Loan Details 

Indian Bank Limited is an Indian new generation bank in Pune, established in 1994. The Bank offers commercial, transactional and electronic banking products and services. Indusind Bank inaugurates its first solar powered ATM in Mumbai.

Home Loan is offered to individuals who wish to purchase or construct a house. The property is mortgaged to the land or as a security till the repayment of the loan. Indusind bank offers a wide range of products to its customers to fulfil their dreams. It is available for constructing or buying a home and providing a loan upto 80% of the property value. You can apply for a home loan from IndusInd Bank by either applying for it online or by visiting the nearest branch of the bank with proper documents. IndusInd Bank home loan offers attractive interest rate to its customers between 8.00% to 15.00% per annum with extremely long repayment tenures. 

Benefits of Indusind Bank Home Loan 

1. Easy processing for loan application 

2. Attractive home loan options 

3. Simple documentation process

4. No hidden charges 

5. Long repayment tenure upto 30 years 

6. It provide loan upto 80% of property value

7 Balance transfer facility available 

Fee and Charges of Indusind Bank Home Loan 

To apply for a home loan you have to pay fees and charges applied by the Indusind Bank. It covers all charges and fees made by a bank to their customers.The following charges are taken from Indusind Bank i.e processing fee, late payments of EMIs, cheque dishonour charges, prepayment / foreclosure charges etc.

TYPE 

CHARGES

Processing fee 

0.50% to 2% of the loan amount

Prepayment charges 

NIL

Cheque dishonour charges 

Rs.200

List of documents 

Upto Rs.500

Photocopy of list of documents 

Upto Rs.500

Swap charges 

Upto Rs.200

Disbursal of cheque cancellation charges 

Upto Rs.200

Re appraisal of loan ost 6 months from sanction

Upto Rs.2000

Increase / decrease in the loan term

Upto Rs.500

Eligibility Criteria for Indusind Bank Home Loan 

Before applying for a home loan from Indusind bank, you should fulfil all basic eligibility criteria as prescribed by the bank. For the Indusind bank home loan application the salaried and self employed individuals / professionals are eligible to take a loan. You will get your loan amount very soon if you meet all the required eligibility criteria once the documentation is done.

ELIGIBLE 

Salaried and self employed individuals/ professionals 

AGE 

21 years to 60 years 

INCOME

Minimum net monthly income is Rs.25000

EXPERIENCE 

Minimum 2 year of work experience 

Minimum 1 year in current organisation

Minimum 1 year of stay at the current residence

NATIONALITY

Indian 

Documents Required for Indusind Bank Home Loan 

Any applicant who is going to avail a home loan must have to submit the following documents. These documents are the requirements for the lenders who are providing you the amount of loan.

1. Fully filled signed application form 

2. Passport size photograph

3. ID Proof : Aadhaar Card, PAN Card, Driving License, Passport, Voter identification, Employment id

4. Address Proof : Aadhar Card, Rental agreement, Voter id, Driving license, Passport, Employment id 

5. Income Proof : For salaried employees = 3 months salary slip, last 2 years ITR Return or form 16, Bank statement for last 2 months showing that the salary has been credited

6. For Self employed individuals / professionals = 2  years ITR return, Profit & loss account and Balance sheet computation with CA seal and sign, Bank statement for the last 6 months.

Indusind Bank Home Loan Schemes

Indusind Bank offers various loan schemes through HDFC Bank to the customers to get a home loan according to their choice without any hassle.  

Home loan offers 

Eligible 

Interest rate 

Loan amount 

Tenure 

Processing fee 

Regular Home Loan Scheme

Salaried and Self employed individuals

8.00% onwards

Upto 90% of the property value

Upto 30 years 

Upto 0.05% of the loan amount or Rs.3000 whichever is higher plus GST

HDFC Reach Loans 

Salaried and Self employed individuals 

9.25% onwards

Upto 80% of the property value

Upto 30 years 

Upto 20% of the loan amount plus GST

HDFC Plot Loans 

Salaried and Self employed individuals 

Women = 8.15% onwards 

Others = 8.20% onwards

Upto 80% of the property value

Upto 15 years 

Upt0 0.50% of the loan amount or Rs.3000 whichever is higher plus GST

HDFC Rural Housing Loans 

Salaried and Self employed individuals 

Women = 8.05% onwards 

Others = 8.10% onwards 

Upto 90% of the property value 

Upto 30 years 

For salaried / self employed = Upto 0.50% of the loan amount or Rs.3000 whichever is higher plus GST

Agriculture / self employed non professionals = Upto 1.50% of the loan amount or Rs.4500 whichever is higher plus GST

HDFC Home Improvement Loans 

Salaried and Self employed individuals 

6.95% onwards

For new customers = Upto 90% of the improvement estimate

For existing customers = Upto 100% of the improvement estimate

Upto 15 years 

Upto 0.50% of the loan amount or Rs.3000 whichever is higher plus GST

HDFC Home Extension Loans

Salaried and Self employed individuals 

6.95% onwards 

Upto 90% of the property value

Upto 20 years 

Upto 0.50% of the loan amount or Rs.3000 whichever is higher plus GST

HDFC Top-Up Loans 

Salaried and Self employed individuals 

For new customers = 6.96% onwards 

For existing customers = 8.70% onwards

Upto 90% of the property value

Upto 15 years 

Upto 0.50% of the loan amount or Rs.3000 whichever is higher plus GST

HDFC Balance Transfer Loans 

Salaried and Self employed individuals 

6.90% onwards

Upto Rs.50 lakh 

Upto 30 years 

Upto 0.50% of the loan amount or Rs.3000 whichever is higher plus GST

Compare other bank home loan interest rates 

BANKS 

INTEREST RATE

AXIS Bank Asha Home Loan

Starts at 10.05% onwards 

AXIS Bank Shubh Aarambh Home Loans

Starts at 7.75% onwards

AXIS Bank Fast Forward Home Loans

Starts at 7.75% onwards

AXIS Bank Home Loan

7.75% to 9.40%

AXIS Bank Empower Home Loan

Start at 9.55% onwards 

AXIS Bank Super Saver Home Loan

8.15% to 8.30%

AXIS Bank TopUp Loan

8.90% to 9.15%

SBI NRI Home Loan

6.95% onwards

SBI Flexipay Home Loan

7.40% onwards 

SBI Privilege Home Loan

6.95% onwards 

SBI Regular Home Loan

6.95% onwards 

SBI Shaurya Home Loan

6.95% onwards 

SBI Pre-approved loan

6.95% onwards 

SBI Realty Home Loan

7.65% onwards

SBI Home Top Up Loan

7.90% onwards

SBI Bridge Home Loan

9.50% to 10.50%

SBI Tribal plus Home Loan

6.75% onwards

SBI Earnest Money Deposit

10.45% onwards

SBI Reverse Mortgage Loan

8.05% onwards

SBI CRE Home Loans

7.45% onwards 

HDFC Bank Home Loan

6.95% to 7.50%

Kotak Mahindra Bank Home Loan

7.40% to 9.70%

Yes Bank Home Loan

9.60% to 10.55%

Citi Bank Home Loan

7.34% to 8.29%

ICICI Bank Home Loan

6.95% to 8.05%

Standard Chartered Bank Home Loan

Starting at 8.71%

IDBI Bank Home Loan

7.80% to 8.80%

RBL Bank Home Loan

9.75% to 10.05%

HSBC Bank Home Loan

8.55% to 8.655

HSBC Bank Smart Home Loan

11.005 to 11.505

IndusInd Bank Home Loan

8.00% to 15.00%

Bank of Baroda Home Loan

6.85% to 7.75%

Bank of India Home Loan

6.85% to 7.755

Canara Bank Home Loan

6.90% to 8.90%

Indian Bank Home Loan

7.55% to 8.40%

Punjab National Bank Home Loan

Starting at 7.00%

Other products of Indusind Bank 

1. Indusind Bank Car Loan

2. Indusind Bank Personal loan 

3. Indusind Bank Credit Card

4. Indusind Bank Home Loan

How to apply for Indusind Bank Home Loans 

There are two ways to apply for home loans from Indusind Bank :

1. Offline method : By visiting nearest bank branch

2. Online Method :

  • First of all first visit to official website of Indusind Bank

  • In retail section go to the “loans”

  • Now click in home loan

  • After that go to “Home loan”

  • Now click on apply now and fill application form 

Indusind Bank Home Loan Customer Care 

Contact number : 18605005004

Email id : premium.care@indusind.com

How to calculate EMI of Indusind Bank Home Loan 

The following formula is used to calculate EMI of Indusind Bank Home Loan :

EMI = [PXRX(1+R)^N] / [(1+R)^N-1]

Where,

P stands for Loan Amount

R stands for Interest Rate

N stands for tenure in number of months 

Financials products offered by Bank :

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

Indusind Bank Home Loan Frequently Asked Questions :

1. What is the loan amount of Indusind Bank Home Loan?

The loan amount of Indusind Bank Home Loan is financed upto 80% of the total property value.

2. How much minimum and maximum age of the customer is required to take a home loan from Indusind Bank?

The minimum age of the customer is 21 years and the maximum age of the customer is 60 years is required to take a home loan from Indusind bank..

3. Is, there any pre-closure and part payment charges applied to take a home loan from Indusind Bank?

There is no pre-closure and part payment charges are applied to take a home loan from Indusind Bank.

4. What is the maximum tenure period provided by Indusind Bank to take a home loan?

The maximum tenure period provided by Indusind Bank is 30 years to take a home loan.

5. Who is eligible to take a home loan from Indusind Bank?

The salaried person, self employed individuals are eligible to take a home loan from Indusind Bank.

6. How much interest rate is provided by Indusind Bank to take a home loan?

The interest rate provided by Indusind Bank to take a home loan starts from 8.00% to 15.00% per annum.

 

Last Updated on : 20/Aug/2020

Know More About

Indusind Bank Home Loan

You're eligible for a Indusind Bank Home Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Home Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Indusind Bank Home Loan Interest Rates

Updated on 25 Nov 2017

Indusind Bank Home Loan Details
Interest Rate (Monthly reducing balance) 8% - 15%
Processing Fees 0.50% to 2% of the loan amount
Loan Tenure 1 year to 30 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Home Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959