IndusInd Bank offers home loans with interest rates starting from 8.85% p.a., with flexible repayment tenures of up to 30 years and loan amounts covering up to 90% of the property’s cost. The bank provides a range of home loan solutions, including options for purchasing, constructing, or renovating residential properties. IndusInd Bank also offers a home loan balance transfer facility for borrowers who wish to switch from other lenders, along with the option of top-up loans for existing customers.
With benefits such as minimal paperwork, quick approval, and customized repayment plans, IndusInd Bank home loans cater to both salaried and self-employed individuals, providing flexible solutions for diverse financial needs.
| Indusind Bank Home Loan Highlights | |
| Interest Rate* | 8.50% p.a. onwards |
| Loan to value ratio | For loans of up to Rs 30 lakh: Up to 90%For loans between Rs 30 lakh and Rs 75 lakh: Up to 80%For loans above Rs 75 lakh: Up to 75% |
| Loan Tenure | Up to 30 years |
| Processing Charges | 1% of loan amount or Rs 10,000 whichever is higher, IMD – Rs 2,500 |
| Minimum Monthly Income | Rs 20,000 (Delhi, Mumbai, Chennai, Pune, Bangalore) Rs 15,000 (Other cities) |
Types of Home Loans
| Type of Home Loan | Purpose | LTV Ratio | Tenure | Special Features |
| IndusInd Home Loan | Home Purchase/Construction | Up to 90% | Up to 30 years | Competitive interest rates, prepayment options, and balance transfer facilities |
| IndusInd Home Renovation Loan | Home Renovation/Improvement | Up to 90% | Up to 15 years | Flexible repayment options, quick processing |
| IndusInd Home Loan for NRI | Home Purchase/Construction for NRIs | Up to 80% | Up to 30 years | Tailored for NRIs, special documentation requirements, and competitive rates |
| IndusInd Home Loan Balance Transfer | Transfer of existing home loan from another lender | Up to 90% | Up to 30 years | Lower interest rates, loan top-up options, and quick processing |
| IndusInd Home Loan for Self-Employed | Home Purchase/Construction for self-employed individuals | Up to 80% | Up to 30 years | Flexible eligibility criteria, customized repayment plans |
Table of Contents
Why Choose Indusind Bank Home Loan?
Indusind Bank Home Loan Features & Benefits
- Can be availed for constructing or buying a house
- Fast and easy processing of loan application
- Comes with balance transfer facility
- Repayment tenure can go up to 30 years
Indusind Bank Home Loan Interest Rate
| Customer Type | Effective Rate Of Interest |
| For Salaried | Starting at 8.75% per annum |
| For Self-employed | Starting at 8.75% per annum |
Eligibility Criteria for Indusind Bank Home Loan
| Requirements | Salaried | Self-Employed |
| Residency | Indian/NRI | Indian/NRI |
| Age | 24 to 60 years | 24 to 70 years |
| CIBIL Score | Above 750 | Above 750 |
Documents Required for Indusind Bank Home Loan
| Documents | Salaried Individuals | Self-Employed Professionals | SENP/Co./HUF/Partnership Firm/LLP |
|---|---|---|---|
| Passport | ✔ | ✔ | ✔ |
| Driving License | ✔ | ✔ | ✔ |
| Life Insurance Policy | ✔ | ✔ | ✔ |
| Birth Certificate | ✔ | ✔ | ✔ |
| PAN Card | ✔ | ✔ | ✔ |
| School Leaving Certificate | ✔ | ✔ | ✔ |
| Voter ID Card | ✔ | ✔ | ✔ |
| Aadhaar Card | ✔ | ✔ | ✔ |
| Passport-sized Photographs | ✔ | ✔ | ✔ |
| Salary Slips for the last 3 months | ✔ | ✖ | ✔ |
| Income tax returns (last 2-3 years) | ✖ | ✔ | ✔ |
| Bank statements (last 6-12 months) | ✔ | ✔ | ✔ |
| Yearly increment letter | ✔ | ✖ | ✔ |
| Certified true copy of Form 16 | ✔ | ✖ | ✔ |
| Business Profile on letterhead | ✖ | ✔ | ✖ |
| Profit & Loss Projection Statement (2 years) | ✖ | ✔ | ✖ |
| Operative current account statement | ✖ | ✔ | ✖ |
| Bank statements for CC/OD facilities | ✖ | ✔ | ✖ |
| Form 16 or income tax returns (last 2 years) | ✔ | ✖ | ✖ |
| Employment letter or appointment letter | ✔ | ✖ | ✖ |
| income certified by a CA for the last 2 years | ✖ | ✔ | ✔ |
| Financial statements of the firm/company (last 2-3 years) | ✖ | ✔ | ✖ |
For Salaried Individuals
- Application form with photograph
- Identity proof
- Residence proof
- Signature proof
- Copy of the salary slips for the last three months
- Form 16 or ITR for the last three years
- Copy of the bank statements for the last 6 months
- Processing fee cheque
For Self Employed Professionals
- Application form with photograph
- Identity proof
- Residence proof
- Signature proof
- Proof of business existence
- Educational qualifications certificate
- ITR of last 3 years
- Profit/loss statement and balance sheet for the last 3 years
- Copy of the bank statements for the last 6 months
- Processing fee cheque
For Self Employed Business
- Application form with photograph
- Identity proof
- Residence proof
- Signature proof
- Proof of business existence
- Educational qualifications certificate
- Business profile
- ITR of last 3 years
- Profit/loss statement and balance sheet for the last 3 years
- Copy of the bank statements for the last 6 months
- Processing fee cheque
How to Apply for a Home Loan at the Indusind Bank?
You can apply in two ways:
- Through the official Indusind Bank Ltd. portal by filling out the application form and tracking the application status online.
- Contact Us at +91 636909 5433 or Visit Grow Associates for more convenient option
Indusind Bank Home Loan Interest Rates vs Other Banks & HFCs
| Bank | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
| Indusind Bank | Starting at 8.75% per annum | Starting at 8.50% per annum | Starting at 8.25% per annum |
| IDFC First Bank | Starting from 8.50% | Starting from 8.75% | Starting from 8.90% |
| Aditya Birla Bank | Starting from 8.25% p.a. | Starting from 8.15% p.a. | Starting from 8.00% p.a. |
| RBL Bank | 8.70% per annum | 8.60% per annum | 8.55% per annum |
| SBI Bank | 8.5% p.a. onwards | 8.5% p.a. onwards | 8.5% p.a. onwards |
| HDFC Bank | 8.7% p.a. onwards | 8.7% p.a. onwards | 8.7% p.a. onwards |
| ICICI Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards |
| Kotak Mahindra Bank | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards |
| Punjab National Bank | 8.40% – 12.10% p.a. | 8.40% – 12.10% p.a. | 8.40% – 12.10% p.a. |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. |
| Bank of India | 8.4% p.a onwards | 8.4% p.a onwards | 8.4% p.a onwards |
| TATA Capital | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
