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INDUSIND Bank Home Loan, Interest Rate and EMI Calculator December 2018

(Updated on 08.12.2018) IndusInd Bank Home Loan December 2018 – Get Instant Quick & Easy Approval on IndusInd Bank Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of ✓Interest Rate✓Loan Tenure✓Processing Fee✓Eligibility✓Best Offers & more.

Indusind Bank Home Loan – GET INSTANT QUOTES ONLINE

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Indusind Bank Home Loan

Indusind Bank provides home loan for varied purposes such as Purchase of New Home, Home Improvement, Home Extension and also have Top-up housing loans. Indusind Bank home loan is immensely popular for its wide range of home loan products, doorstep service, simplified documentation, tempting home loan rates and much more to help you own a perfect home or flat. Indusind Bank provides home loan through the most promising housing finance company -HDFC Bank. Calculate your home loan eligibility with Indusind Bank Home Loan Eligibility Calculator and get an easy accessible home loan within a few working hours.

Also avail Indusind Bank Personal loan at attractive personal loan rates to fund your genuine financial expenses at any point of financial crisis.

Home Loan can be availed for following purpose

1. Purchase of New Home – To buy or construct a house
2. Home Improvement – To modify/upgrade existing amenities & thereby increase the life of the assets
3. Home Extension – To expand/add space to the existing house
4. Top up housing loans – You have an existing property & want to borrow against the same to fund – higher education, marriage, medical expense etc

Indusind Bank Home Loan Interest Rate

Interest Rate 9.50% onwards 
Processing fee range 1% of loan amount
Loan Amount 80% of the loan amount
Tenure 20 years to 30 years

Indusind Bank Home Loan EMI Calculator

Indusind 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

Indusind Bank Home Loan Benefits:

1. Wide range of Home loan products
2. Doorstep service with fast & easy processing of loan application
3. Transparent dealing with no hidden charges
4. Simplified documentation
5. Attractive Home Loan
6. Balance transfer facility
7. Funding upto 30 years of tenor

IndusInd Bank Home Loan Eligibility

  • The minimum age of entry of the applicant is 21 years.

  • The maximum age of entry of the applicant is 60 years.

  • The applicant must be a salaried individual or a self-employed individual drawing a regular income or salary.

  • The applicant must earn more than minimum income required.

IndusInd Bank Home Loan documents Required

For salaried individual

  • Identity proof

  • Address proof

  • Birth proof

  • Financial documents: Last three months bank statement, Last two months salary slip, Latest Form 16, Proof of at least 2 years of work experience.

For Self-Employed individuals

  • Identity proof

  • Address proof

  • Birth proof

  • Financial Documents : Last three months bank statement, Most recent income tax returns with income computation, balance sheet and last two years profit and loss account statement.

  • Proof of at least three years of business continuity.

IndusInd Home Loan PrepaymentsNo pre-payment penalties in Housing Loan carrying floating rate of interest.

INDUSIND BANK HOME LOAN MCLR DECEMBER 2018

Loan Tenure MCLR
Overnight 9.20%
1 Month 9.25%
3 Months 9.55%
6 Months 9.70%
1 Year 9.75%

IndusInd Bank Home Loan FAQ’s

What is the maximum loan tenure I can opt under Indusind Bank house loan?

Indusind Bank offers you a longer tenure of 30 years to repay your home loan with a benefit of paying less EMI per month.

Can I foreclosure my home loan? What are the charges applicable?

Yes, you can foreclose your home loan with Nil charges.

Can I transfer my home loan from another bank to Indusind Bank?

Yes, Indusind Bank gives you the facility to transfer your existing home loan with a hassle free process. Home loan balance transfer to Indusind Bank offers you to pay lower EMIs and save money.

Can I club the income of my spouse with mine and apply for joint home loan?

You can club the income of your spouse to increase your loan eligibility if the spouse is co-owner of the property or guarantor of the loan.

What is the effect of part payments on Indusind Bank housing loan EMI ?

Part payments help you in reducing the outstanding amount of loan which in turn will reduce the interest amount due. After making part payments, paying the same EMI will increase your involvement towards the principal amount which will help you in repaying the loan faster.