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Product Details
Bank Name

IndusInd Bank

Maximum Loan Tenure

30 years.

Maximum Loan Amount

No upper limit.

Interest Rate

Ranges from 8.50% to 10.5% per annum, depending on the loan amount, tenure, and credit profile of the borrower.

Type

Floating

 Approved Project Home Loan
Down Payment

Downpayment: 25% if the loan is above INR 25 lakh. 20 % if the loan is between INR 30 lakh to INR 5 lakh. 10% if the loan is upto INR 30 Lakh.

Fees and Charges


Prepayment fee: No prepayment charges for loans availed at floating rate of interest.
Processing fee: Upto 1% of the loan amount or INR 10,000, whichever is higher.
Late payment fee: 2% per month on overdue amount.
Legal Charges: At actuals.
Stamping and Registration: At actuals.

Minimum CIBIL Score

Not specified on the website.

Down Payment and Fees
Apply Now

Approved Project Home Loan

Special Features

No prepayment penalty in case of floating rate interest loan. 

Eligibility Criteria

The eligibility criteria for IndusInd Bank Home Loan are: 

  • The applicant should be an Indian resident or NRI The applicant should be at least 21 years old at the time of application and not more than 65 years at the time of loan maturity.

  • The applicant should have a regular source of income from employment or business.

  • The applicant should have a good credit history and repayment track record

Special Concession

No special concession.

Home Saver Option
No
Features, Eligibility and Concession
Pros
  • Attractive interest rate.

  • Balance transfer facility.

  • No prepayment or foreclosure charges for floating rate loans.

  • Processing fee is capped at 1%.

Cons
  • Interest rate higher than that of PSU banks. 

  • No home saver option available. 

Pros & Cons
Application Procedure

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