IndusInd Bank Home loans are borrowed Homes loans from HDFC Bank and thus HDFC Bank continues to be a helper for all other Banks like IndusInd Bank. For individual borrowers, it is best to go for HDFC directly for home loans to avoid any other charges. For individual borrower, it is a good option. The Annual Rate of interest ranges from 9.65% – 17%.
Indusind Bank is a good fit for you if?
If You’re an Individual Borrower – Availing a home loan can be a good option for you if you’re applying for the loan solely, since Indusind bank special benefit such as nil foreclosure charges to individual borrowers who have availed home loan on floating rates. The rates can be flexible as per the requirement of the individual.
Indusind Bank Home Loan at a glance
| Annual Interest Rate | 9.65% – 17% |
| Loan Term | Up to 30 years |
| Loan Amount | Rs. 5 Lacs – Rs. 10 Crores |
| Time of Funding | |
| Pre-Payment Charges | Zero to 5% of the principal outstanding |
Why Choose Indusind Bank?
Doorstep Service – Offers doorstep services
Nil Prepayment Charges on Floating Rate Loans – Doesn’t charge any foreclosure charges to individual borrower who have availed home loan on floating rates as opposed to 2% to 5% of the principal outstanding amount being charged to floating rate loans to non-individual borrowers as well as all fixed rate loans.
What to watch out for?
Offers Home Loans through HDFC Home Loans Services – IndusInd Bank doesn’t have it’s own home loan offering, but offers the service through HDFC Home Loan. Thus, a borrower can better apply directly into HDFC Bank.
Compare Indusind Bank Home Loans to Other Banks
| Bank Name | Indusind Bank | Fullerton India | Aavas Finance |
| Typical Annual Interest Rate | 9.65% – 17% | 8.50% – 19.99% | 10% – 19% |
| Loan Term | Up to 30 years | Up to 30 Years | 1 Year – 30 Years |
| Maximum Lending Amount | Rs. 10 Crores | Rs. 5 Crores | Up to Rs. 25 Lacs and Above |
| Processing Fee | 2% of the loan amountMin Rs. 5,000 | Up to 3% of the loan amount | 2% of the loan amount |
| Time to Funding | |||
| Pre-Closure | Zero to 5% of the principal outstanding | Zero to 7% | Zero to 5% |
Am I Eligible?
- Age of the applicant should be min 21 years at the time of loan application.
- Age of the applicant should not be more than 65 years or the retirement age at the time of loan maturity.
Loan Offerings
Indusind Bank Home Loan
- Avail funds for purchasing a ready built house/flat or construct, repair and renovation in the existing house/flat.
- Tenure up to 30 years
- Interest rate starting from 9.65% per annum to 15% per annum
- Avail up to 80% of the property value, subject to min Rs. 5 Lacs to max Rs. 10 Crores.
Documents required for Salaried Applicants:
- Latest 3 months salary slip
- Form 16/ITR for last 3 years
- Last 6 months bank statements
- Processing fee cheque
- KYC Documents
Documents required for Self-Employed Applicants:
- Education Qualifications Certificate and Proof of business existence.
- Last 3 years Income Tax returns (self and business) & Last 3 years Profit /Loss and Balance Sheet.
- Last 6 months bank statements
- Processing fee cheque
- KYC Documents
Documents required for Self-Employed Businessman:
- Education Qualifications Certificate and Proof of business existence.
- Business profile/Last 3 years Income Tax returns (self and business)/Last 3 years Profit /Loss and Balance Sheet.
- Last 6 months bank statements
- Processing fee cheque
- KYC Documents
Indusind Bank Home Loan Top-Up
- Avail additional funds on your existing home loan.
- Interest rate ranging from 9.65% to 17% per annum.
- Tenure as long as residual period of existing home loan.
Documents required for Salaried Applicants:
- Latest 3 months salary slip
- Form 16/ITR for last 3 years
- Last 6 months bank statements
- Processing fee cheque
- KYC Documents
- Details for Existing Home Loan
Documents required for Self-Employed Applicants:
- Education Qualifications Certificate and Proof of business existence.
- Last 3 years Income Tax returns (self and business) & Last 3 years Profit /Loss and Balance Sheet.
- Last 6 months bank statements
- Processing fee cheque
- KYC Documents
- Details for Existing Home Loan
Documents required for Self-Employed Businessman:
- Education Qualifications Certificate and Proof of business existence.
- Business profile/Last 3 years Income Tax returns (self and business)/Last 3 years Profit /Loss and Balance Sheet.
- Last 6 months bank statements
- Processing fee cheque
- KYC Documents
- Details for Existing Home Loan
Indusind Bank Home Loan Rate of Interest
| Home Loan Type | Applicable Interest Rate |
| Indusind Bank Home Loan | 9.65% – 15% per annum |
| Indusind Bank Home Loan Top-Up | 9.65% – 17% per annum |
How to Apply for Indusind Bank Home Loan?
At Paisa
At Indusind Bank Branch
After I Apply?
Through Customer Care
- Dial 1860-500-5004 (chargeable) if you’re located in Indian / +91-022-44066666 if you’re overseas.
Once I’m Approved?
Fees & Penalties
| Type of Charges | Applicable Charges |
| Processing Charges | 2% of the loan amountMin Rs. 5,000 |
| Foreclosure ChargesAllowed after first 6 EMIs | NILFor Floating Rate Home Loans to Individuals. 2% to 5% of the principal outstanding amount.For Floating Rate Home Loans to Non-Individuals and All fixed rate loans. |
| Part-payment Charges | |
| Penal Charges | 2% per month |
| Loan Cancellation Charges | Rs. 1500 per case. |
| EMI Bounce Charges | Rs. 500 per instance |
| Payment Instrument Swap Charges | Up to Rs. 500 per instance |
| Duplicate NOC Charges | Rs. 500 per copy |
| Account Statement Charges | Rs. 200 per statement |
| Prepayment Statement Charges | Rs. 100 per statement |
FAQs
Indusind Bank Customer Care?
Phone: 1860-500-5004 (chargeable) if you’re located in Indian / +91-022-44066666 if you’re overseas.
Email: reachus@indusind.com (for Indian citizens) / nri@indusind.com (for NRIs)