IndusInd Bank Home Loan

About IndusInd Home Loan

Owning a beautiful home in a beautiful city is surely a dream of many. And, in order to help you in cherishing that dream IndusInd Bank is here. Yes, you read that right! This Mumbai based new generation bank being established in the year 1994 is best known for offering the commercial, transactional and electronic banking products as well as services. If we talk about its personal banking products, this bank offers a wide range of loans, deposits, cards, insurances and many to meet your needs.

Home Loan

Eligibility & Quotes from top PSU & Pvt. Banks | Lowest Interest Rates | Comfortable Tenure

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    When it comes to home loan, IndusInd Bank offers the same so that people living across the country can easily fulfill their dream home wish. The bank offers you this credit facility to meet all your needs. Yes, be it constructing a home, buying the new one, home improvement and modification/extension, for all your requirements, IndusInd Bank is here to help. The lender caters the needs of one and all with fast and easy home loan process along with simplified documentation and attractive interest rate to avail the same. In order to know more about IndusInd Bank Home Loan, just take a look at the page below.

    IndusInd Bank Home Loan Interest Rates

    ParticularsDetails
    Interest Rates8.70% - 9.40%
    Loan Amount₹3 Lakh-75 Lakh
    Tenure30 Years
    Processing Fee0.50% of the loan amount

    IndusInd Bank Home Loan Eligibility Criteria

    In order to know about the eligibility criteria set by the bank so as to avail a home loan, just go through the table below.

    Eligibility CriteriaSalariedSelf-employed
    Minimum age 21 Years21 Years
    Maximum age 60 Years65 Years
    Net Income ₹1,80,000₹1,80,000
    Current Experience2 years of current job stability3 years of current business stability
    Loan Value Ratio90% of Agreement Value90% of Agreement Value

    IndusInd Bank Home Loan EMI Calculator

    If you are interested in availing an affordable home loan from the bank, you also be interested in knowing the EMIs and interest outgo of your loan. This smart and time-saving device allows you to know the exact calculations of your monthly installments in the most hassle-free manner. This device just takes into the consideration few credential, i.e.

    • Loan Amount
    • Interest Rate
    • Tenure

    To have a better understanding of the same, look at the example below.

    Abhishek Ranjit, Programming Head by profession is looking to avail a home loan of ₹30 Lakh so as to buy a beautiful home for his family in Mumbai. This lender is ready to offer him the same loan amount at an interest rate of 8.35% per annum for a tenure of 10 years. Now, what would be the EMIs, interest and total amount payable during the loan? To know the same, just go to the table below.

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 30,00,0008.35%1₹ 2,61,451₹ 1,37,412₹ 31,37,412
    ₹ 30,00,0008.35%2₹ 1,36,161₹ 2,67,870₹ 32,67,870
    ₹ 30,00,0008.35%3₹ 94,494₹ 4,01,792₹ 34,01,792
    ₹ 30,00,0008.35%4₹ 73,733₹ 5,39,167₹ 35,39,167
    ₹ 30,00,0008.35%5₹ 61,333₹ 6,79,976₹ 36,79,976
    ₹ 30,00,0008.35%6₹ 53,114₹ 8,24,200₹ 38,24,200
    ₹ 30,00,0008.35%7₹ 47,283₹ 9,71,812₹ 39,71,812
    ₹ 30,00,0008.35%8₹ 42,946₹ 11,22,783₹ 41,22,783
    ₹ 30,00,0008.35%9₹ 39,603₹ 12,77,077₹ 42,77,077
    ₹ 30,00,0008.35%10₹ 36,955₹ 14,34,656₹ 44,34,656

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    YearPrincipalInterestBalance Amount
    1₹ 2,00,524₹ 2,42,941₹ 27,99,475
    2₹ 2,17,924₹ 2,25,541₹ 25,81,551
    3₹ 2,36,833₹ 2,06,632₹ 23,44,717
    4₹ 2,57,384₹ 1,86,082₹ 20,87,333
    5₹ 2,79,717₹ 1,63,748₹ 18,07,615
    6₹ 3,03,988₹ 1,39,477₹ 15,03,627
    7₹ 3,30,366₹ 1,13,099₹ 11,73,260
    8₹ 3,59,032₹ 84,433₹ 8,14,228
    9₹ 3,90,185₹ 53,280₹ 4,24,042
    10₹ 4,24,298₹ 19,423₹ 0

    Documentation Required to Apply

    Salaried IndividualsSelf-employed ProfessionalsSelf-employed Businessmen
    Application form with photographsApplication form with photographsApplication form with photographs
    KYC Documents-Valid identity/Residence/Signature proofKYC Documents-Valid identity/Residence/Signature proofKYC Documents-Valid identity/Residence/Signature proof
    Income Documents-Latest 3 months salary slip, Form 16/ITR for last 3 yearsIncome Documents-Education Qualifications Certificate and Proof of business existence, Last 3 years Income Tax returns (self and business) & Last 3 years Profit /Loss and Balance SheetIncome Documents-Education Qualifications Certificate and Proof of business existence, Business profile/Last 3 years Income Tax returns (self and business)/Last 3 years Profit /Loss and Balance Sheet
    Bank Statement-Last 6 months bank statementsBank Statement-Last 6 months bank statementsBank Statement-Last 6 months bank statements
    Processing fee chequeProcessing fee chequeProcessing fee cheque

    Features & Benefits

    • Competitive Interest Rates
    • Easy EMI
    • Doorstep Services
    • Balance Transfer Facility
    • Flexible Tenure
    • Simplified Documentation
    • Balance Transfer Facility
    • Transparent Process
    • Fastest Disbursal
    • No Hidden Charges

    IndusInd Bank Home Loan Customer Care

    If you have any query related to home loans, you can contact the bank on its toll-free number 1860 500 5004 or dial 022 44066666. The customer care service is available 24X7 for the convenience of the customers.

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    EMI Calculator