IndusInd Bank Home Loan
IndusInd Bank offer a wide range of home loan products to its customers in order to cater to their needs. The Home loans are offered at attractive interest rates and comes with long repayment tenures of up to 30 years. The interest rate for IndusInd Bank home loan starting from 8.60% p.a.
Key Highlights
- Can be availed for constructing or buying a house
- Fast and easy processing of loan application
- Comes with balance transfer facility
- Repayment tenure can go up to 30 years
Compare: Home Loan Interest Rate all Banks
Eligibility of IndusInd Bank Home Loan
A Home loan from IndusInd Bank can be availed by both resident and non-resident Indians. The bank offers loan to both salaried and non-salaried individuals.
IndusInd Bank Home Loan Fees and Charges
The IndusInd Bank Home Loan schedule of charges can be summed up as follows:
Particulars | Schedule of Charges |
Loan Processing Charges | Up to 5% of the loan amount |
Documentation Charges | Nil |
Stamp Charges | As per the Stamp Act of the state |
Loan Cancellation Charges | Up to Rs.2,500 per case |
Overdue Interest (per month) | Up to 24% p.a. compounded monthly |
Collection Charges |
|
Preclosure Charges | 2% to 5% of the outstanding principal amount |
Repayment Dishonour Charges | Rs.500 per instance + Bank charges |
Swap Charges | Up to Rs.500 per instance |
Documents Required for IndusInd Bank Home Loan
The documents required to be submitted in order to avail a home loan from IndusInd Bank varies depending on the type of the applicant.
For Salaried Individuals
- Application form with photograph
- Identity proof
- Residence proof
- Signature proof
- Copy of the salary slips for the last three months
- Form 16 or ITR for the last three years
- Copy of the bank statements for the last 6 months
- Processing fee cheque
For Self Employed Professionals
- Application form with photograph
- Identity proof
- Residence proof
- Signature proof
- Proof of business existence
- Educational qualifications certificate
- ITR of last 3 years
- Profit/loss statement and balance sheet for the last 3 years
- Copy of the bank statements for the last 6 months
- Processing fee cheque
For Self Employed Business
- Application form with photograph
- Identity proof
- Residence proof
- Signature proof
- Proof of business existence
- Educational qualifications certificate
- Business profile
- ITR of last 3 years
- Profit/loss statement and balance sheet for the last 3 years
- Copy of the bank statements for the last 6 months
- Processing fee cheque
IndusInd Bank Home Loan EMI Calculator
Before availing the home loan from IndusInd Bank, you can calculate the amount that needs to be paid as EMI using the IndusInd Bank Home Loan calculator. This comes in handy while managing the funds in a better way. All you need to do is enter the loan amount, interest rate, and tenure to calculate the EMI.
FAQs on IndusInd Bank Home Loan
- What is the maximum loan term that I can avail?
The maximum loan period offered by IndusInd Bank on its home loan is 30 years.
- What is the maximum quantum of home loan that IndusInd Bank can provide?
IndusInd Bank can provide loan up to 80% of the price of the property.
- Can I avail a loan against property from IndusInd Bank?
Yes, IndusInd Bank offers home loans against property. You can get it at attractive interest rates.
- Does IndusInd Bank offer the facility of balance transfer?
Yes, IndusInd Bank offers the balance transfer facility to its customers.
- Am I eligible to apply for a home loan from IndusInd Bank?
Yes, you are eligible for availing a home loan. All you need to do is apply in the prescribed format and submit all the necessary documents.
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