Indian Bank Home Loan Interest Rate

• Available for a new home purchase or construction, land acquisition, house construction, existing home purchase, home expansion, repairs and renovation, and balance transfer.
• Rates begin at only 7.90% per annum.
• There is no processing fee for PMAY-eligible house loans.

Here are the Indian Bank Home Loan Interest Rate for 2024-

To apply for this loan, you must meet the following requirements:

• Indians and Non-Resident Indians are the two types of residents (NRIs)
• The age range of applicants is 18 to 70 years.
• The principal applicant's monthly salary must be at least Rs 25,000.

• Latest photos
• KYC associated documents
• Copy of PAN, Aadhar Card & Voter Card of both applicant and guarantor
• Other documents to be submitted according to the profile

Here are the different types of Indian Bank home loans available-

The aim of this scheme is to buy/build a new house/flat, to buy a plot/existing house or flat, to repair/renovate/extend an existing house/flat, and to use the balance transfer facility.

The aim of this scheme is to buy a plot duly approved by the competent authority.

This scheme is For the acquisition or building of a flat/home, as well as the repair/renovation/alteration of an existing house for NRIs and PIOs.

This is for NRI purchases plots in non-rural areas with layouts approved by government authorities.

This scheme is for the purchase of household furniture, TV sets, fridge, kitchen racks, and more.

This is a scheme for any bonafide purpose other than speculative purposes. 

This scheme is for the repair and renovation of residential houses or flats.

It is affordable housing for the urban poor with credit-linked subsidies on home loans taken out by the urban poor (EWS/LIG) for house purchase/construction.