IndusInd Bank Home Loan: Check Eligibility, Interest Rate

Do you want to know about IndusInd Bank Home Loan Features Benefits Interest rate? If yes, then read this article. In this article, we will discuss the features of IndusInd Bank Home Loan and its benefits. We will also tell you about the interest rate that is offered by this bank. So, stay tuned and read on!

What is a Home Loan?

A home loan is a type of loan used to purchase, build or improve a house. Home loans are divided into two types: fixed-rate and variable-rate. Fixed-rate home loans are typically cheaper than variable-rate home loans, but they may have higher interest rates if the rate goes up. Variable-rate home loans have lower rates at first, but the rates can go up over time if the market interest rates increase.

IndusInd Bank Home Loan Highlights

Interest Rate	6.70% onwards
Loan Amount (LTV)	Up to 90% of the property value
Repayment Period	Up to 30 years
Processing Fees	Up to 0.5% of loan amount

IndusInd Bank Home Loan

If you are looking for a home loan that is both affordable and convenient, an IndusInd Bank home loan may be the perfect option for you. The IndusInd Bank Home Loan is a great way to finance your home purchase. With rates starting at 6.70% p.a. You can avail yourself of the loan amount of up to 90% of your property value for a maximum tenure of up to 30 years.

IndusInd Bank Home Loan Interest Rate

The IndusInd Bank Home Loan Interest Rate starts at 6.70% p.a. for a repayment period of up to 30 years. This is one of the lowest rates available in the market and makes it a good option for home buyers looking for an affordable loan. The table below shows the interest rates for different home loan products.

Schemes	Interest Rate
Purchase of New Home	6.70% p.a. to 8.80% p.a.
Home Extension Loan	8.00% p.a. to 8.80% p.a.
Home Improvement Loan	8.00% p.a. to 8.80% p.a.
Plot Loan	8.20% p.a. to 9.05% p.a.

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IndusInd Bank Home Loan EMI Calculator

If you are looking to take out a home loan, you might be wondering what the interest rate is and how many EMIs (equated monthly instalments) you will have to pay. Luckily, there is a calculator that can help you find out how much EMIs you will need to pay each month. This calculator will also let you know the interest rate and the term of your loan. You can even use it to compare loans from different banks.

Types of IndusInd Bank Home Loan

There are a number of types of home loans that you can take out with the IndusInd Bank. The following is a list of the most common types of home loans:

1. Purchase of New Home

If you are looking to buy a new home in the near future, you may want to consider an IndusInd Bank home purchase scheme. This scheme offers borrowers a range of benefits, including interest rates significantly lower than those offered by other lenders. The scheme also provides access to a wide range of properties, making it easy for you to find the perfect home.

• Interest Rate: Starting at 6.70% p.a.
• Loan Amount: Up to 90% of the property value.
• Loan Tenure: Up to 30 years.
• Processing Fee: Up to 0.50% of the loan amount.

2. Home Extension Loan

If you’re thinking of adding a room to your home, you might want to consider a home extension loan. This type of loan can help you pay for the costs associated with adding a room, such as construction fees, permits, and mortgage insurance.

• Interest Rate: Starting at 6.70% p.a.
• Loan Amount: Up to 90% of the property value.
• Loan Tenure: Up to 20 years
• Processing Fee: Up to 0.50% of the loan amount.

3. Home Improvement Loan

If you’re looking to improve your home, a home improvement loan may be the perfect solution for you. A home improvement loan allows you to borrow money to finance a variety of home improvements, including new windows, doors, roofs, insulation, electrical wiring upgrades, and more.

• Interest Rate: Starting at 6.70% p.a.
• Loan Amount: Up to 100% of the improvement estimate.
• Loan Tenure: Up to 15 years.
• Processing Fee: Up to 0.50% of the loan amount.

4. Plot Loan

Plot Loan is available to customers looking to buy a plot of land with the potential for building their dream home, either in resale or purchased directly.

• Interest Rate: Starting at 8.20% p.a.
• Loan Amount: Up to 80% of the property value.
• Loan Tenure: Up to 15 years.
• Processing Fee: Up to 0.50% of the loan amount.
• A rebate of 0.5% in interest rates has been provided to women applicants.

IndusInd Bank Home Loan Features & Benefits

An IndusInd Bank home loan is a great way to get the money you need to buy a house or property. Here are some of the features & benefits of an IndusInd bank home loan:

• Low-interest rates: One of the main benefits of an IndusInd Bank home loan is the low-interest rate – usually around 6.70% p.a. This means you will pay less in interest over the lifespan of your loan than with other types of loans.
• Flexible repayment terms: With an IndusInd Bank home loan, you can choose whichever term (ranging from 6 months to 30 years) suits your needs best. This means that you can get a mortgage that’s right for you – without having to worry about getting into too much debt or waiting too long to get approved.
• No prepayment penalty: You won’t be penalized if you decide to pre-pay your home loan for floating rates.
• No hidden fees: There are no hidden fees associated with an IndusInd bank home loan. This means that you will know exactly what you are paying for from start to finish.
• Frequent updates: With IndusInd Bank home loans, you can be sure that your monthly repayments will be updated regularly, so there is never any worry about missed payments. This is especially important if you have variable-rate loans, as they can be affected by changes in the marketplace.

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IndusInd Bank Home Loan Eligibility

Here we will discuss the eligibility requirements for IndusInd bank home loans and point you in the right direction if you meet them.

• Salaried individuals, Self-Employed professionals, Self-Employed non-professionals.
• Applicant age should be between 21 years to 60 years.
• you should be able to earn at least 25000 a month.
• you should have completed at least 2 years of experience in employment and at least 1 year in the same company.

IndusInd Bank Home Loan Documents Required

If you are looking to get a home loan from IndusInd Bank, you will need to provide some documentation. This documentation varies depending on the type of loan you are looking for, but most likely you will need to provide:

• Your identification card: Adhar card, PAN, driving license, etc.
• Proof of residence: utility bill, lease agreement, or property deed.
• Income proof (Salaried): Latest 3 months salary slip, Form16/ITR for last 3 years.
• Income proof (Self Employed): ITR and financial statements, including balance sheet, profit & loss account.
• Title documents of the property

IndusInd Bank Home Loan Customer Care

If you have any questions about your home loan or any other concerns, don’t hesitate to reach out to the IndusInd Bank customer care team. They will be able to help you quickly and easily. They have a team of experts that understand what is needed to resolve any issues.

• Toll-Free Number: 8602677777

Conclusion

If you’re looking for a home loan, you should definitely consider signing up with IndusInd Bank. Their customer care is top-notch, and they’ll be able to help you find the perfect mortgage for your needs. They have a wide range of products available, so you can find the right one for your budget and needs. Plus, their team is dedicated to helping their customers get the best home loan possible.

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