Indian Bank Home Loan: Presently Indian Bank Home Loan interest rate starts from 8.40% p.a. The processing fee is up to 1% of the loan amount. You can take this loan with a maximum loan tenure of 30 years.
In this article you Indian Bank Home Loan in Hindi 2022 You will get complete information about it, so you are requested to read this article till the end.
Indian Bank Home Loan in Hindi
Anyone can take a home loan to build a house, buy a house or renovate a house. The lender looks at the credit history of the customer before providing the home loan to the customer, so your CIBIL score should be very good to apply for this loan.
You can apply for Indian Bank Home Loan to fulfill your dream of home. You can apply for Indian Bank Home Loan both online and offline. You can get subsidy on home loan under the Pradhan Mantri Awas Yojana, a government scheme of the Government of India.
Indian Bank Housing loan The loan amount given under the scheme depends on many factors such as the applicant’s CIBIL score, age, income, place of residence, employment status, loan repayment capacity etc.
If your income is high and your credit score is very good, then you can avail loan with attractive home loan interest rate from the bank. According to the convenience of the customers, Indian bank offers many types of home loan schemes.
You can calculate the EMI of your loan by visiting the official website of the bank with the help of Indian Bank Home Loan Calculator so that you can get an idea of how much you will have to pay at the time of repayment of the loan.
HIGHLIGHTS:
| loan name | Indian Bank Home Loan 2022 |
| name of lender | Indian bank |
| Rate of interest | Starting from 8.40% p.a. |
| loan tenure | up to 30 years |
| processing fee | Up to 1% of the loan amount |
| official website | indianbank.in |
Indian Bank Home Loan Interest Rate 2022
Indian Bank Home Loan Interest Rate 8.40% p.a. starts with | The bank offers many types of home loans which have different interest rates. Indian Bank Home Loan interest rate depends on the customer’s CIBIL score. The higher your CIBIL score, the more attractive interest rates you can avail of home loans.
Indian Bank Home Loan Types
- IB Home Loan
- IB Home Loan Plus
- IB Home Improvement
Indian Bank Home Loan Benefits and Features
- Any person can take this home loan to fulfill his dream of home.
- Women are given exemption in interest rate.
- If the salaried person is less than 45 years of age, then he can take loan amount up to 72 times of his monthly gross salary and in other cases applicant can get loan amount up to 6 times of gross annual income.
- If the age of the salaried person is more than 45 years, then he can get the loan amount up to 60 times of his monthly gross salary and in other cases the applicant can get the loan amount up to 5 times the gross annual income.
- The maximum tenure of the loan is up to 30 years and the maximum tenure is 10 years in case of repairs and renewals.
- You can take Indian Bank Housing Loan for the following purposes:
- To buy/construct a new house/flat
- buying a house and building a house on it
- To buy an existing house/flat
- To extend the existing house/additional construction
- To repair/renovate existing house/flat
- To take home loan from other banks/housing finance institutions approved by National Housing Bank for housing finance
- Margin:
- Up to Rs.30 lakh – 10%
- 30 lakhs to 75 lakhs – 20%
- Above Rs.75 Lakh – 25%
- In case of repairs and renewals – 30%
Indian Bank Home Loan Eligibility
- Applicant’s age should be between 18 to 70 years.
- The person applying should have a stable source of income.
- The following types of persons can apply:
- salaried class
- Business men
- professional
- self employed person
- pensioners
- Indian Bank staff and staff’s wife
- Applicant should have minimum 3 years experience.
- The person applying should have all the documents.
Indian Bank Home Loan Documents Required
- Filled application form with 3 passport size photographs.
- Statement of assets and liabilities in bank format from applicant co-applicant and guarantor.
- Proof of Identity – PAN Card / Aadhar Card / Voter ID Card / Passport / Driving License.
- Proof of Residence – Recent Telephone Bill / Electricity Bill / Property Tax Receipt / Passport / Aadhar Card / Voter ID Card.
- Proof of business address in respect of businessmen / industrialists.
- Proof of employment for salaried class.
- Salary slips generally for the last 6 months.
- Bank account details such as 6 months / 12 months.
- Proof of other income like rent, interest on investment, if any.
- ITR and Balance Sheet for the last three financial years in case of professionals, businessmen and self-employed.
- A brief note on nature of business/service, year of establishment, formation, securities charged in respect of loans taken from our bank/other branches/bank.FI/other sources.
- Form 16 / Income Tax / Wealth Tax (if applicable) Return of last 3 years.
- Agreement of sale / sale deed |
- Approved Building Plan |
- Title deed document for 13 years / 30 years as the case may be.
- Proof of title in revenue records.
- Property tax receipts wherever applicable.
- Home loans above Rs.1.00 crore require two independent appraisal and legal investigation reports.
How to apply for Indian Bank Home Loan?
You can apply online or offline by following the steps given below:
Indian Bank Home Loan Apply Online
- On the home page of the website, in the option of Products > Loan Products Personal/Individual Click on this option will appear.
- On the next page, the list of all home loan schemes will open in front of you.
- Click on the home loan you wish to apply for.
- All the information related to that loan will come in front of you.
- To apply, you have to click on the option of Apply for loan.
- Then the application form will open in front of you.
- Enter the requested information in the form and click on submit.
- Then the bank will contact you and the loan process will be issued further.
How to apply offline?
- First of all you have to go to your nearest Indian Bank branch.
- You have to contact the bank employee by going to the bank branch.
- Bank employee will provide you all the information related to home loan.
- Then your documents will be verified.
- Then you have to fill the application form and attach the documents and submit it in the same bank.
- If you fulfill all the conditions of the bank and your loan is approved then the loan amount will be transferred to your bank account.
Indian Bank Home Loan Customer Care Number
- Toll Free Number: 1800 425 00 000
Conclusion
In this article we have you Indian Bank Home Loan 2022 Provided complete information about Anyone can join this home loan to fulfill their dream of home.
If you want to get any other information about this home loan, then you can get information by calling on Indian Bank Home Loan customer care number.
Questions related to Indian Bank Home Loan:
8.40% p.a.
30 years |