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IndusInd Bank Ltd Home Loans

When a borrower is looking for a home loan, he always tries to find out the loan product which is most suitable for his budget. IndusInd Bank Ltd has a host of home loan products to satisfy the home buying needs of a large number of borrowers. IndusInd Bank Ltd home loans carry excellent terms and conditions and the loans are available with attractive interest rates.

About IndusInd Bank Ltd Home Loans

IndusInd Bank Ltd home loans are perfectly designed for the borrowers. One of the key benefits offered by these loans is the flexible repayment term to suit the requirements of the borrowers. Both resident and non resident Indians can qualify for these loans. Given below are the two main types of IndusInd Bank Ltd home loans:

1) Home loan for resident individuals

Purpose of home loan for resident individuals

Given below are the main purposes why borrowers go for an IndusInd Bank home loan:

  • Purchase of flat/house
  • For construction of a Dwelling Unit
  • For Upgradation/Refurbishment/Extension of Home
  • Taking over of an existing housing loan

Security for IndusInd Bank Ltd home loans

Residential property to be purchased will work as security against the loan. Spouse of the applicant has to join as co-applicant of the loan (whenever necessary). Equitable Mortgage to be formed by the loan borrower also can work as security against the loan.

Margin for home loans offered by IndusInd Bank

The margin for home loans offered by IndusInd Bank is 15% of the property value as appraised/sanctioned by the bank.

Amount of loan

Minimum amount of loan available is Rs.2 lakhs.

Prepayment penalties



Prepayment penalty will be imposed @2% (along with service charges and surcharges as applicable) on amount due.

Who are eligible for home loans for resident individuals?

Both salaried and self employed individuals can qualify for home loans for resident individuals offered by IndusInd Bank.

2) Home loan for non resident individuals

These loans are ideal home financing options for non-resident Indians who work as salaried employees.

Repayment term for home loans for non resident individuals

The maximum repayment term for a home loan for NRIs is 10 years.

Purpose of home loan for non resident individuals

Given below are the principal purposes why borrowers opt for an IndusInd Bank home loan for non resident individuals:

  • Purchase of flat/house
  • For construction of a Dwelling Unit
  • For Upgradation/Refurbishment/Extension of Home
  • Taking over of an existing housing loan

Margin for NRI home loans offered by IndusInd Bank

The margin for home loans for NRIs offered by IndusInd Bank is 15% of the property value as sanctioned/appraised by the bank.

Amount of loan

Minimum amount of home loan available is Rs.2 lakhs.

Security for NRI home loans

Residential property within India can work as security against the loan. Equitable mortgage should be formed by the loan borrower.

Personal guarantee by the Power of Attorney (POA) bearer of the loan applicant. This Power of Attorney holder must be a resident individual in India and rather a close family member of the loan applicant.

Prepayment penalties

Prepayment penalty will be levied @2% on amount due along with service charges and surcharges as applicable.

Processing Charges

  • Administrative fee: 0.50% (along with service tax and surcharges as applicable) of the approved loan amount
  • Processing fee: 0.25 % (along with service tax and surcharges as applicable) on the loan amount requested for

Interest Rate (Applicable in connection with the existing Benchmark Prime Lending Rate of 17.00%)

  • Floating rate @11.25 % for a repayment term of 2-10 years for a loan amount lower than Rs.30 lakhs
  • Floating rate @11.75 % for a repayment term of 2-10 years for a loan amount over Rs.30 lakhs


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