Indus Ind Bank Home Loan

IndusInd Bank is one of the fastest-growing banks in the Indian banking sector today with its branch network expanding impressively.

Eligibility for Home Loan

1. Home Loan is offered to both Resident and Non-Resident Individuals.
2. Individuals, Salaried, Professional and Self-employed are eligible
3. Security will be by way of mortgage of the house property. Equitable Mortgage will be created and cost will be borne by the applicant.
4. Co-applicant should be Spouse (wherever applicable).Personal Guarantee of Resident individual is required

Loan Amount:

1. The quantum of loan is Rs.3 lacs to Rs.50 lacs.
2. For NRIs, it is in the range of Rs.5.00 Lacs to Rs.50.00 Lacs with tenure of maximum 120 months.

Rate of Interest:

IndusInd Bank (Rate of Interest)

Amount (Fixed) * Floating
For amounts <20 lakhs 10.5 % 9.25 %
For amounts >20 lakhs 13 % 12 %

The processing fee 1.25% of the loan amount