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IndusInd Bank provides home financing solutions for salaried individuals, self-employed professionals, and NRIs looking to purchase, construct, or renovate residential properties. The bank processes applications within 3 working days and offers flexible repayment terms extending up to 30 years with no prepayment penalties on floating rate loans.
|
Feature |
Details |
|
Interest Rate |
8.35% - 9.85% p.a. |
|
Loan Amount |
₹30 lakhs to ₹10 crores |
|
Processing Fee |
1% of loan amount or ₹10,000 (whichever is higher) |
|
Loan Tenure |
Up to 30 years |
|
Prepayment Charges |
Nil (for floating rate) |
|
Processing Time |
3 working days |
|
CIBIL Score Required |
750 and above (recommended) |
|
LTV Ratio |
Up to 90% |
IndusInd Bank home loan interest rates range from 8.35% to 9.85% per annum based on the applicant profile and loan type. The rates are linked to the external benchmark lending rate as per RBI guidelines.
|
Loan Type |
Interest Rate Range |
|
Regular Home Loan |
8.35% - 9.85% p.a. |
|
Home Loan Balance Transfer |
8.50% - 9.85% p.a. |
|
Home Loan Top-Up |
8.50% - 9.85% p.a. |
|
Plot Plus Construction |
8.50% - 9.85% p.a. |
|
NRI Home Loan |
8.50% - 9.85% p.a. |
|
Home Renovation/Extension |
8.50% - 9.85% p.a. |
|
Parameter |
Requirement |
|
Age |
21 to 60 years |
|
Minimum Income |
₹25,000 per month |
|
Work Experience |
2 years total, 1 year with current employer |
|
Employment Type |
Government or reputed private companies |
|
Parameter |
Requirement |
|
Age |
24 to 70 years |
|
Profession |
Doctors, Engineers, CAs, CS |
|
Business Vintage |
Minimum 3 years |
|
Income |
Stable and verifiable through ITR |
|
Parameter |
Requirement |
|
Age |
24 to 65 years |
|
Business Type |
Sole proprietors, partners, directors |
|
Business Vintage |
Minimum 3 years |
|
ITR Filing |
Mandatory for last 3 years |
|
Loan Amount |
Tenure |
Interest Rate |
Monthly EMI |
|
₹25,00,000 |
20 years |
8.50% p.a. |
₹21,584 |
|
₹25,00,000 |
25 years |
8.50% p.a. |
₹20,013 |
|
₹25,00,000 |
30 years |
8.50% p.a. |
₹19,222 |
|
₹50,00,000 |
20 years |
8.50% p.a. |
₹43,168 |
|
₹50,00,000 |
25 years |
8.50% p.a. |
₹40,026 |
|
₹50,00,000 |
30 years |
8.50% p.a. |
₹38,444 |
|
Document Type |
Options |
|
Identity Proof |
PAN Card, Aadhaar Card, Passport, Driving License, Voter ID |
|
Address Proof |
Aadhaar Card, Passport, Driving License, Voter ID, Utility Bills |
|
Age Proof |
PAN Card, Passport, Birth Certificate, 10th Marksheet |
|
Applicant Type |
Documents Required |
|
Salaried |
Last 3 months salary slips, Form 16, Bank statements (6 months) |
|
Self-Employed Professional |
ITR for last 3 years, Audited financials, Professional qualification certificate |
|
Self-Employed Non-Professional |
ITR for last 3 years, Business proof, Profit & Loss statement, Balance sheet |
● Sale deed or purchase agreement
● Approved building plan
● Allotment letter
● Property tax receipts
● Encumbrance certificate
● NOC from builder/society
|
Charge Type |
Amount |
|
Processing Fee |
1% of loan amount or ₹10,000 (whichever is higher) + GST |
|
Prepayment Charges |
Nil (for floating rate loans) |
|
Foreclosure Charges |
Nil (for floating rate loans) |
|
Legal Valuation Charges |
Actual costs |
|
Technical Valuation |
As per actuals |
|
Cheque Bounce Charges |
₹200 per instance |
Financing for purchasing ready-to-move-in homes or resale properties with competitive interest rates starting at 8.50% per annum.
Provides funding in two stages - first for plot purchase, then for construction. Borrowers can build according to their preferences.
Customized loan plans for Non-Resident Indians with longer tenures and specialized offerings.
Financing for upgrading existing properties by adding rooms, floors, or modernizing living spaces.
Transfer outstanding home loan from another lender to IndusInd Bank at lower interest rates, helping reduce monthly EMI burden.
Additional financing on existing home loans for urgent financial requirements at competitive rates starting from 8.50% p.a.
|
Stage |
Timeline |
|
Application Review |
1-2 days |
|
Document Verification |
2-3 days |
|
Property Valuation |
3-5 days |
|
Legal Check |
3-7 days |
|
Loan Sanction |
7-10 days |
|
Disbursement |
2-3 days post document submission |
|
Factor |
Impact on Eligibility |
|
Monthly Income |
Higher income increases loan amount eligibility |
|
Age |
Younger applicants get longer tenures |
|
CIBIL Score |
Score above 750 improves approval chances |
|
Existing Liabilities |
Lower debt increases borrowing capacity |
|
Property Value |
Determines maximum loan amount (up to 90% LTV) |
|
Employment Stability |
Longer work experience improves eligibility |
|
Bank |
Interest Rate |
Processing Fee |
|
IndusInd Bank |
8.35% - 9.85% |
1% or ₹10,000 |
|
HDFC Bank |
8.50% - 9.50% |
Up to 0.50% |
|
ICICI Bank |
8.40% - 9.45% |
0.50% + GST |
|
SBI |
8.50% - 9.65% |
0.35% + GST |
|
Axis Bank |
8.75% - 9.65% |
1% + GST |
Attractive interest rates and flexible repayment options make home loans affordable and accessible.
Applications are processed within 3 working days with minimal documentation requirements.
Bank representatives provide home loan assistance with document collection and processing at your location.
Pay off your loan at any time without paying extra charges for loans availed at floating rate of interest.
Repayment period extends up to 30 years, allowing comfortable EMI management.
Switch existing home loans from other lenders to benefit from lower rates.
Under Section 80C, claim deductions up to ₹1.5 lakh on principal repayment, and under Section 24(b), claim up to ₹2 lakh on interest payments annually.
|
Contact Method |
Details |
|
Toll-Free Number |
1860 500 5004 |
|
Customer Care |
022 4406 6666 |
|
|
reach4loan@indusind.com |
|
Availability |
24x7 |
A credit score of 750 or above can help secure lower interest rates compared to scores below 650.
Larger loan amounts may attract slightly different interest rates based on risk assessment.
Higher monthly income with fewer existing obligations indicates greater repayment potential, increasing chances of getting lower interest rates.
Making a higher down payment reduces the loan amount, which can lead to lower interest rates from the bank.
Rates may vary between ready-to-move properties and under-construction projects.
Longer tenures may have marginally different rates compared to shorter repayment periods.
|
Parameter |
Existing Loan |
After Transfer |
|
Outstanding Amount |
₹40,00,000 |
₹40,00,000 |
|
Interest Rate |
10.50% p.a. |
8.50% p.a. |
|
Remaining Tenure |
15 years |
15 years |
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