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ING Vysya Home Loan

ING Vysya home loan are one of the most innovative home loan products in the market. More often than not, you need to go for a home loan to purchase or construct a home. There are many sources from which you can get it. However, it is important that you secure it from a dependable source. ING Vysya home loan are designed to make sure that unforeseen events don’t have any negative impact on the interests of your family and your valuable home.

About ING Vysya Bank home loans

All the loan products are available with competitive rates and terms. Given below are the purposes for which you can go for an ING Vysya home loan:

  • Purchasing a readymade house/flat
  • Constructing a house
  • Refinancing your current home loan

ING Vysya home loan also offer you a slew of benefits and some of the key benefits offered by this bank are as follows:

  • Financing upto 85% of the property cost.
  • Cheap interest rates.
  • EMI is calculated on a monthly reducing balance technique.
  • Floating Rate loans are tied to HPLR or Home Loan Prime Lending Rate.
  • No penalty will be imposed on part pre-payments.
  • Flexible repayment terms
  • Maximum loan repayment term upto 20 years.

Eligibility criteria for ING Vysya Bank home loans

Given below are the eligibility criteria for ING Vysya home loan:

  • Resident Indian individuals can apply jointly or individually
  • Businessmen and self-employed individuals over 25 years of age and less than 65 years of age at the time of loan maturity are eligible.
  • Salaried individuals with a minimum age of 23 years and over at the time of application and a maximum age of 60 years or retirement age, whichever is earlier at the time of loan maturity are eligible.



Minimum Gross Yearly Income:

  • For self-employed individuals: Rs.100,000


  • For salaried individuals: Rs.120,000


  • For self-employed businessmen: Rs.150,000

Your loan eligibility is dependent on a number of elements such as your age, income, permanence of job, your individual assets and liabilities and so on. You can acquire a loan amount ranging from Rs. 5 lakhs to Rs. 3 crores in all metropolitan cities and Chandigarh, Bangalore and Pune. Customers placed in all other cities where ING Vysya Bank offers home loans can get a maximum loan amount of Rs. 1 crore.

Schedule of charges for ING Vysya home loan

Processing Fee 0.5 % of the loan amount requested for or Rs 10,000 whichever is higher along with the service tax as applicable. This will have to be paid at the time of making the application.
Foreclosure Charge 2% of (the principal amount due along with impromptu principal prepayments throughout the past 12 months).
Prepayment Charge No prepayment penalty will be levied if the prepayment is made following the end of 6 months of full and final disbursement

1. Prepayments are permitted any number of times throughout the year.
2. Every amount prepaid should not be lower than 3 times of the amount of EMI


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