indusind bank - 8.40% for Home Loan - Resale Property Home Loan

IndusInd Bank Home Loan:

IndusInd Bank home loan can be availed at an attractive rate of interest starting at 8.40% onwards*

The customized home loan solutions can be availed by both Residents and Non-Resident Indians.

Whether you are a salaried individual or a self-employed, choose from the different IndusInd Bank home loan schemes to meet your unique requirement and repayment capacity.

Interest Rate

8.40% onwards*

Processing Fee

1% of loan amount or Rs 10,000 whichever is higher, IMD – Rs 2,500

Repayment tenure

Up to 30 years

Loan-to-Value Ratio

Up to 90% of the property value

 

Key Features of IndusInd Bank Home Loan:

1. Attractive home loan options.

2. Balance transfer facility.

3. Simplified documentation.

4. Doorstep service with fastest process.

 

IndusInd Bank loan interest depends upon:

1. Your Salary:

Income helps you in identifying your rate of interest.

Bank's rate varies with your monthly income.

Higher the income, lesser will be the rate

 

2. Type of loan opted for:

IndusInd Bank also offers differential rates for women borrowers and also under their fixed and floating rate schemes.

The rate of interest may be higher or lower under their special or popular loan product offers.

 

3. Existing bank customers:

IndusInd Bank offers one of the lowest home loan rates to its existing bank account customers in view of their past relationship with the bank.

 

IndusInd Bank Home Loan:

Apply

If you want to get a housing loan from IndusInd Bank, the process to get the loan is fairly easy.

All you need to do is to apply for a home loan at APNARUPEE.COM we are a channel partner of all top banks in India including HDFC, SBI, Axis Bank etc.

Your loan application will be processed IndusInd Bank representatives will get in touch to begin the process of getting a home loan.

You will also be assisted by APNARUPEE.COM housing loan advisor to ensure that all the lending process is smooth, quick and you get the best house loan from IndusInd Bank.

You can also do a comparison of South Indian Bank Home Loan Interest rates and other charges using APNARUPEE.COM comparison tool.

Once you apply online, you can check the real time status of your home loan application in your customer account section of APNARUPEE.COM.

 

IndusInd Bank Home Loan Documents:

For Salaried employees:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. ITR of last 2 years.

4. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

6. Income Documents – 6 months’ pay slip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit.

7. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

For Self-Employed:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

4. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

5. Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of

business existence and business profile.

6. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

IndusInd Bank Home Loan Schemes:

1. Home Renovation/Extension Loan:

You can upgrade your existing home to a more comfortable living space.

 

2. Home Loans to NRI:

IndusInd provides NRI customers with specialized offering and higher loan tenure.

 

3. Balance Transfer:

You can pay off existing home loan using IndusInd Balance Transfer at a lower ROI.

 

4.Top-up Loan:

Existing Home loan Borrowers can avail fortop-up loans with minimal documents.

 

5.Plot plus Construction Loan

You can avail Plot plus Construction loan from IndusInd & build house in your own way.

 

6.Approved Project Home Loan:

Have a project in mind? IndusInd offers extensive inventory of pre-approved projects.

 

Frequently Asked Questions:

 

Q. How can I increase my chances of getting a higher loan amount?

Ans. You can increase your chances of getting a higher loan amount by adding earning co-applicant(s) to your home loan.

 

Q. Who all are eligible to avail of a Balance transfer loan?

Ans. Any borrower who has an existing home loan account with another bank/HFC, having a regular payment track of 12 months, can avail of a balance transfer loan.

 

Q.  Are there any tax benefits available to home loan customers?

Ans. Yes. You are eligible for tax benefits on the principal and interest components of your loan under the Income Tax Act, 1961.

 

Q. What is the security required to avail of a home loan?

Ans. Security of the loan would generally be security interest on the property being financed by the bank.

Any other collateral/interim security may also be required depending on the risk profile of an applicant.