Apply for IndusInd Bank Home Loan Online

25,00,000
5,00,00,000
Project Name
Builder Name
Cost of Plot
Cost of Construction
Total Cost
0
5,00,000
0
3,00,000
Relationship Ex: Father, Son etc.,
Co-Applicant Net monthly Income
Current EMI

All day customer support

call us at

080-6012 0505

Drop your number

IndusInd Home Loan

IndusInd bank is a 22 year old bank which is headquartered in 1994 and was inaugurated by the then Union Finance Minister Manmohan Singh. It is a private bank that provides banking and lending services. The bank has partnered with HDFC limited to provide world class home loan facilities to its customers. With a dedicated team and the will to do better, the bank has managed to give easy and affordable home loans. The bank aims to double its number of branches across the country by the end of the year 2017. This means that customers can have better reach to the banks and more options to avail the home loan.

IndusInd Home Loan Features and Benefits

  • Personalized legal guidance
  • Technical assistance
  • Special features for army personnel through AGIF
  • Home loans for all types
  • Easy repayment options
  • Increased loan tenor
  • Lucrative home loan
  • Hassle-free documentation
  • Door step service
  • 24x7 customer support
  • Affordable rates of interest
  • Transparent procedure
  • No hidden charges
  • Loan for renovation
  • Loan for improvement
  • Top up loans

Why should you choose IndusInd Home Loan?

With IndusInd home loan you get the trust of working with an old bank and good customer service. The loan is disbursed easily and quickly. The borrower has an enhanced trust since the loan is disbursed through HDFC bank which is a pioneer in the field of home loans and has a long list of satisfied customers.

How to apply for IndusInd Home Loan?

You can apply for the IndusInd home loan through Finance Buddha in a quick and easy way. The website provides you a safe and secure method to know your eligibility. You do not have to go to the bank and spend hours there to know if you can get the loan or not. Through the website, you can check your eligibility online, anytime and anywhere! Also, if the bank rejects your application, it will affect your CIBIL score. On the contrary, through Finance Buddha, you get the option of checking your eligibility and enhancing it by various means. This is a safe and secure portal where you can trust us with your confidential information. Your details are used just to check the eligibility and are not shared with anyone else.

IndusInd Home Loan Eligibility Criteria

  1. Maximum home loan: 80% of the property cost in the market
  2. Loan tenor will depend on the customer's age not more than 20 years though
  3. The person must be a salaried individual/working professional or a businessman with regular salary or income.
  4. The salaried employee must be working since a minimum of two years.
  5. Co-applicants can be added which includes parents, spouse or children. Their income can be supplemented to the total income while applying for the loan.
  6. The maximum age for a person is 70 years for self-employed individuals and 60 years for salaried individuals at the time of maturity of the home loan.

IndusInd Home Loan Documents Required

Salaried Customers

  • Completely filled application form
  • Passport sized photographs
  • Identity Proof
  • Adress Proof
  • Signature Proof
  • Salary slips of the latest three months
  • Form number 16 to validate the income
  • Income tax returns of the last three years
  • Bank statement of the latest six months
  • A cheque on account of processing fee (non-refundable)

 

Self-employed professionals

  • Completely filled application form
  • Passport sized photographs
  • Identity Proof
  • Adress Proof
  • Signature Proof
  • Education certificates of the degrees passed
  • Proof of existence of business (address proof/registration proof)
  • Income tax returns of the last three years (for the individual and the business)
  • Profit or loss report of the last three years prepared by the CA
  • Bank statement of the latest six months
  • A cheque on account of processing fee (non-refundable)

 

Self-employed businessmen

  • Completely filled application form
  • Passport sized photographs
  • Identity Proof
  • Adress Proof
  • Signature Proof
  • Education certificates of the degrees passed
  • Proof of existence of business (address proof/registration proof)
  • Profile or designation in business
  • Income tax returns of the last three years (for the individual and the business)
  • Profit or loss report of the last three years prepared by the CA
  • Bank statement of the latest six months
  • A cheque on account of processing fee (non-refundable)

IndusInd Home Loan Interest Rates, Fees and Charges

IndusInd partners with HDFC bank and hence, its rates of interest and other additional costs pertain to the rates charged by the HDFC Bank.

  • Processing fees:
  1. For salaried individuals and Self-Employed Professionals - 1.25% of the loan amount or INR 3,000 (the one that is higher)
  2. For Self-Employed Non-Professionals - 1.25% of the loan amount or INR 4,500 (the one that is higher)
  • Pre-payment charges- Nil (for payment up to 25% of the loan amount at the start of the financial year)
  • Pre-payment charges- 2% charge + taxes (for pre-payment of full loan amount or an amount which is more than 25% of the opening balance of the financial year)
  • Part prepayment charge will not be applicable if it is made after 3 years of the disbursal of loan
    If full pre-payment is made after 3 years of the loan disbursal then a 2% charge + taxes will be applied if payment is made with the help of bank or a Financing Institution.
  • Switching from higher interest rate to lower interest rate: 0.50% of the outstanding loan amount or INR 50,000 or undisbursed loan (the lowest of all)
  • Switching from fixed rate of interest to floating rate of interest: 0.50% of the outstanding loan amount or INR 50,000 or undisbursed loan (the lowest of all)
  • Switching the existing rate to HDFC bank's current rate: 0.50% of the outstanding loan amount or INR 50,000 or undisbursed loan (the lowest of all)
  • Check bounce charges: INR 200
  • Insurance charges: Subject to the insurance company (mandatory to get the property insured)
  • Late payment charges: Additional interest up to 24% per annum
  • Charges to avail set of documents: up to INR 500
  • Charges to avail photocopy of set of documents: up to INR 500
  • Post dated cheque-swapping charges: Up to INR 200
  • Charges for re-appraisal of loan: Up to INR 2,000 + taxes
  • Change of loan tenor: Up to INR 500

Frequently Asked Questions