IndusInd Bank
Home Loan

• Home loans available for purchase or construction of a new residential property, improvement or extension of your existing home.
• Balance transfer facility available to transfer the existing home loan from another financial institution to IndusInd Bank.
• Quick home loan application and disbursement process
• Seamless, transparent, and secure loan process.
• Loan foreclosure available.
• Pradhan Mantri Awas Yojana (PMAY) credit linked subsidy scheme (CLSS) available.
• Home loan top up available.
• Wide range of housing loan products.
• Doorstep service.
• No hidden charges.
• Simplified documentation process.

Tip - Check Credit Score before Applying for a Home Loan.

The current interest rate for IndusInd Bank Home Loan interest rate starts at 8.50% - 9.85% per annum.

Also Read - 10 Smart Ways for Managing Home Loan EMIs

You can use the IndusInd Bank Home Loan EMI Calculator available online on our website or IndusInd Bank’s official website to calculate the IndusInd Bank Home Loan EMI. All you need to do is open the EMI Calculator, enter a few details, i.e. the loan amount needed, applicable interest rate and repayment tenure. Once you input these three parameters, your EMI will be calculated instantly and displayed on the screen.

• Minimum age: 21 years at the time of application.
• Maximum age: 60 years or retirement, whichever is earlier at loan maturity.
• Minimum net monthly income: Rs. 25,000.
• Minimum experience: Total 2 years, with minimum 1 year in the current organisation.
• Minimum stay at the current residence: 1 year, if rented.
• Location: Resident of the location where IndusInd offers home loan.

Also Read - How to Activate Your IndusInd Credit Card?

• Loan application form
• Recent passport sized photograph
• Proof of identity, residence, and signature
• Income document:
  • Salaried: Salary slips of last 3 months & Form 16/ITR of last 3 years.
  • Self-employed professionals: Certificate for education qualifications, proof of business existence, ITR (for self and business), Profit & Loss, and Balance Sheet for last 3 years
  • Self-employed: Certificate for education qualifications, proof of business existence, business profile/ ITR (for self and business) for last 3 years/ Profit & Loss and Balance Sheet for last 3 years

• Property documents
• Processing fee cheque
• Bank statements for the last 6 months

Also Read - Home Loan Tax Benefits

You can apply for IndusInd Bank Home Loan by:

• Walking-in to any of the branches of the bank.
• Calling their PhoneBanking unit at 1860 267 7777 (24x7 Toll Free).
• Writing them at reach4loan@indusind.com.
• Online through MyMoneyMantra by following the below-mentioned steps:
  • Visit MyMoneyMantra and then go to the Home Loan section under Loans tab
  • Select your gender
  • Choose your place of residence
  • Choose the purpose for the loan
  • Select the city where you want to purchase the property
  • Enter the approximate value of the property
  • Input your employment type
  • Enter your annual income
  • Enter the loan amount you require
  • Enter the personal details as asked
  • Type in your email address and phone number
  • Accept the conditions & proceed further
  • You will be sent an OTP to your mobile number
  • Enter the OTP
  • You will be contacted for further verifications until the loan is disbursed.

Also Read - Tax Benefits on the Second Home Loan

You can call IndusInd Bank Customer Care at 1860 267 7777 (24x7 Toll Free).