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Indian bank (IB) Home Loan, Interest Rate and EMI Calculator November 2017

(Updated on 01.11.17) Indian Bank Home Loan November 2017 Get Instant Quick & Easy Approval on Indian Bank Home Loan. Loansninsurances.com provide a simple tool to calculate your Personal Loan EMI on the basis of✓Interest Rate✓Loan Tenure✓Processing Fee✓Eligibility✓Best Offers & more.

Indian Bank Launched “ IB Home Enrich “

Indian Bank Home Loan – INSTANT QUOTES ONLINE

Professional Details
Loan Amount
Occupation
Yearly Income
City
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Indian Bank Home Loan

Indian Bank Home Loan is one of the most preferred Home loans among customers of varied requirements. Indian Bank Home Loan can be availed to purchase/build/expand/renovate your dream house/flat at the most cost-effective rate of interest with no pre-payment charges and at low processing fee. Check out your Home Loan Eligibility for the best home loan with Indian Bank Home Loan Eligibility Calculator and get the best deal. Also, be part of Indian Bank Personal Loan to meet all your expenses in your financial crunches at the most attractive rate of interest.

A new home loan product has been launched by the Indian Bank – IB Home Enrich. This Indian bank home loan product can be availed for repairs and renovation of houses.

  • An individual can avail this home loan up to 36 times of their gross monthly income, subject to a maximum of ₹10 lakh.

  • No mortgage on the house property is required under this loan facility.

  • The loan can be availed against liquid securities like LIC, NSC and term deposit.

Income tax exemption up to ₹30,000 under Section 24 of the IT Act will be available for the interest on this loan product.

Indian bank will raise ₹5,000 crore to support loans for infrastructure as well as affordable housing. A proposal for issue of long term bonds for financing of infrastructure and affordable housing up to an amount of ₹5,000 crore will be taken up for approval.

Indian Bank Home Loan Interest Rate

Interest Rate 9.65% to 9.90%
Processing fee range 0.29% on loan amount or Max. Upto Rs. 20,381/
Loan Amount 36 times of Gross Monthly Income or 60 times of Net Monthly Income whichever is higher
Tenure Min. 18 months to Max. 120 months

Indian Bank Home Loan EMI Calculator

Indian Bank Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Indian Bank Home Loan Eligibility

  • Minimum age should be of 18 years and maximum age is 60 years.

  • Other eligibility criteria should be met as per the parameters set by the bank.

Indian Bank Home Loan Documents Required
  • Duly filled in Application Form with 3 passport size photograph.

  • Applicant(s), Co-applicant(s) and Guarantor(s) assets & liabilities statement.

  • Proof of Identity: PAN card/Voter’s ID/Passport/Driving License.

  • Proof of Residence: Recent Telephone Bill/Electricity Bill/Property Tax Receipt/ Passport/Voter’s ID

  • Proof of Business Address for Businessmen & Industrialists

  • Proof of Employment for salaried class.

  • Proof of other income like rent, interest on investment, if any.

  • 3 years Bank Account statements

  • Form 16/Income Tax / Wealth Tax (if applicable) Returns for the past 3 years

  • Other documents are also need to be submitted as per Bank’s requirements.

Indian Bank Home Loan Prepayments: NIL Pre-Payment Charges

Indian Bank Home Loan MCLR November 2017

Loan Tenure MCLR
Overnight 8.00%
1 Month 8.05%
3 Months 8.15%
6 Months 8.25%
1 Year 8.35%
3 Years 8.55%
5 Years 8.75%