Home Loan Interest Rates 20203106 views
- Check home loan rates and apply online.
- IndusInd Bank home loans are available at low-interest rates.
A home loan is generally taken for the tenure of 15 to 20 years depending on the borrower’s choice. At IndusInd Bank, the maximum time period for home loans is 30 years which is available with flexible tenure option. Thus, you can choose the tenure for which you can pay the EMI easily. The monthly installment depends on the rate of interest, tenure and the loan amount. As mentioned above, you can choose the tenure but the loan amount and rate of interest you get on a home loan depends on the property type and factors such as your repayment capacity which includes your income, age, credit history, etc. Below is an example wherein you can compare home loan rates at different banks.
Interest Rate Comparison Tool
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Table of Contents
IndusInd Bank Home Loan Interest Rates July 2020
Below is the table showing the rate of interest, tenure, loan amount on a IndusInd Bank home loan.
|Home Loan Interest Rate||7.55% - 8.45%|
|Loan Amount||INR 3 Lakh - INR 75 Lakh|
|Processing Fee||0.50% of the loan amount|
How can you get the lowest rate of interest?
In the case of home loans, like other loans, IndusInd Bank has a certain eligibility criteria based on which it considers your application for a lower rate of interest. So, if you match that criteria, you can expect a good rate from the lender.