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Press Release
Make Your Dream House Come True with A Home Loan
Posted on Friday, February 14th, 2025 | By IndusInd Bank
Summary: IndusInd Bank’s Home Loan simplifies your journey to owning or renovating a home. It offers attractive interest rates starting from 8.60%, flexible tenures of up to 30 years, and various loan options.
Realising your dream of buying a home has become easier than ever with a home loan. Home financing can help you secure the funds you need to buy or renovate your home. But given the myriad options available, it might be difficult to choose the right one. At IndusInd Bank, we offer home loans tailored to your needs. Read on to learn about the key features and benefits of our home loans and discover how our solutions can make your journey to homeownership simpler and more affordable.
What is a Home Loan?
A home loan is a secured loan obtained to acquire a property by offering it as collateral. It provides substantial funding at attractive interest rate instead of affordable and can be paid back over time with monthly EMIs.
Features and Benefits of IndusInd Bank Home Loan
The table below elucidates the features and benefits of IndusInd Bank Home Loans:
| Features | Benefits |
| 1. Attractive home loan interest rate. 2. Flexible loan tenure of up to 30 years 3. Streamlined loan application process with doorstep assistance. | 1. Attractive home loan options are offered for plot purchase and construction, home renovation, balance transfer, and loan top-ups. 2. Facility to pay off the loan (availed at a floating rate of interest) early without incurring additional charges. 3. Customised solutions and offerings for NRI customers. 4. Dedicated customer service for banking and loan queries. |
IndusInd Bank Home Loan Products
IndusInd Bank offers a diverse selection of home loan products designed to meet various needs:
- Balance Transfer: Use IndusInd balance transfer to pay off your existing home loan with a lower ROI.
- Top-up Loan: Borrowers with existing home loans can apply for top-up loans with minimal documentation.
- Plot plus Construction Loan: Secure a plot and construction loan from IndusInd Bank to build your dream home.
- Home Loans to NRI: IndusInd Bank provides specialised home loan solutions for NRIs, including extended loan tenures.
- Home Renovation/Extension Loan: Transform your current home into a more comfortable living space with a home renovation loan.
- Approved Project Home Loan: IndusInd Bank provides a range of pre-approved home loans to help you get started.
IndusInd Bank Home Loan Eligibility Criteria and Documentation
Eligibility Criteria
Salaried employees in government or reputable companies must be between 24 and 60 years old and have at least three years of work experience.
Self-employed professionals (e.g., Doctors, Engineers, CA/CS) must be between 24 and 70 years old and have at least three years of work experience.
Self-employed non-professionals filing ITR must be between the ages of 24 and 65 years, with at least three years of work experience.
Documentation Required
Individuals must provide the following documents:
- An application form with a photograph
- Valid identity, residence, and signature proof
- A copy of the latest Form 16/ITR /appointment letter and the last three months’ salary slips or salary certificate
- Last six months’ bank statement for the main current, savings, credit, or overdraft account
- A processing fee cheque
Non-individuals must provide the following documents:
- Application form with photograph
- Valid identity, residence, and signature proof
- Business and individual income tax returns (ITRs) and audited financial statements for the last two years
- Latest six months’ bank statement for the main current, savings, credit, or overdraft account
- A processing fee cheque
Are you ready to secure your dream home? Apply for a home loan online with IndusInd Bank and get competitive rates and flexible terms tailored to your needs!
Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.
