IndusInd Bank Home Loan Interest Rate

• It can be used to build or purchase a house.
• Loan applications are processed quickly and easily.
• It includes a balance transfer feature.
• The repayment tenure could also go up to 30 years.

Here are the IndusInd home loan interest rate 2024 tables-

• At the time of application, the applicant must be at least 21 years old.
• Maximum age at debt maturity: 60 years or retirement, whichever comes first.
• Minimum monthly net income: Rs. 25,000
• Minimum experience: 2 years total, with at least one year in the current organization.
• If the current residence is rented, the minimum stay is one year.
• Location: Resident of the area where IndusInd provides house loans.

These are the sets of general documents that you will need to carry along while applying for the home loan-

1. Application
2. ID proof
3. Income proof
4. Photo proof
5. Address proof
6. Processing fee cheque
7. Tax documents

• The home loan application can be completed online. 
• The application form can be generated and filled out online. 
• It can be submitted for further consideration. 
• The application form will be accessed by the relevant executives in order to determine whether the applicant meets the eligibility conditions. 
• The loan will be accepted based on the applicant's eligibility and credibility. 
• The processing of a house loan also includes due diligence on the property to be purchased by the applicant. 
• Property developers (particularly in the case of apartments) frequently partner with specific banks. 

These banks will make the loan without conducting due diligence because they would have previously done so while cooperating with the property builder.

In addition to the online application, the applicant can visit the nearest location, where a customer service specialist will walk them through the full procedure.

• Processing Fee - 0.50% - 1.50%
• Check dishonour - Rs. 200

There are varied home loans that the bank provides to cater to different needs-

This loan can be taken out to buy, build, or even renovate a flat or a house.

Customers who want to build a house can take advantage of this scheme. The HDFC Plot Loan facilitates the purchase of a resale property or a direct allotment plot.

This is a tailored loan product for salaried and self-employed individuals with a monthly income of Rs. 10,000 and an annual income of Rs. 2 lakh, respectively. The loan can be used to purchase a new or existing home, as well as a parcel of land. It can also be used to renovate, extend, or build both residential and non-residential properties.

Customers looking for money to renovate or repair their existing homes can apply for this initiative.

This program is specifically designed to assist agriculturists, planters, horticulturists, and dairy farmers in purchasing a fresh or an existing residential property in rural areas and urban areas. This scheme is also open to salaried/self-employed professionals.

Customers seeking more funds for personal or business purposes may apply for this scheme. Existing and new clients who have used the HDFC Home Loan Balance Transfer option can apply for the loan.

This concept is appropriate for homeowners who want to extend or add an extra room to their homes. The program is available to both new and existing consumers.

Customers that use the Balance Transfer Facility can take advantage of this scheme to lower their loan payments. This scheme also allows for an additional top-up loan of up to Rs. 50 lakh.

This scheme is open to NRIs, PIOs, and OCIs looking for financing to build or buy a new home or to remodel or redo the interiors of an existing property.