A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • IndoStar Home Finance

    IndoStar Home Finance Private Limited provides home loans with affordable interest rates ranging from 8.5% to 18% p.a. for loan amounts of up to Rs.30 lakh with a maximum tenure of up to 30 years and a processing fee of up to Rs.2,500.
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    IndoStar Home Finance Private Limited Home Loan Interest Rates

    The home loan interest rates offered by IndoStar Home Finance range from 8.5% to 18% p.a. IndoStar Home Finance Private Limited provides home loans where you start paying the interest only after the loan cheque is handed over.

    Loan Amount Up to Rs.30 lakh
    Processing Fee Up to Rs.2,500 or 3% of the loan amount, whichever is higher
    Maximum Tenure Up to 30 years
    Interest Rates 8.50% p.a. to 18% p.a.

     Compare: home loan Interest Rate for all Banks

    IndoStar Home Finance Private Limited Home Loan Schemes

    IndoStar Home Finance Private Limited offers a wide variety of home loan products that cater to different requirements. These are:

    1. New Purchase:

    • To purchase existing properties as well as ongoing or completed new projects from recognised government agencies or developers
    • Competitive interest rates
    • Properties inside and outside municipality limits are funded

    2. Self-construction:

    • To build a home on a plot of land already owned
    • To buy a plot of land and build a home
    • Customised loan for specific cities

    3. Balance Transfer + Top-up

    • Transfer home loans from other financial institutions for more affordable interest rates
    • Avail additional loan as a top-up that can be used for extension, renovation, or improvement to the existing property
    • Balance transfer repayment tenure is 25 years and top-up repayment tenure is 15 years

    IndoStar Home Finance Private Limited EMI Calculator

    BankBazaar’s home loan calculator helps you to calculate exactly how much you will have to pay on your home loan from IndoStar Home Finance. The Equated Monthly Instalment (EMI) amortisation table that is instantly displayed on the page will help you budget your finances better making it easier to be consistent with your loan repayments. All you have to do is enter your desired loan amount and repayment tenure along with the interest rate and processing fees to get the details instantly.

    IndoStar Home Finance Private Limited Eligibility Criteria

    Age 21 years and above
    Nationality Indian Resident

    Get Free Quote: Check Home Loan Eligibility

    Documents Required to Apply for IndoStar Home Finance Private Limited

    These are the documents required to apply for a loan from IndoStar Home Finance:

    Identity Proof:

    • Passport
    • PAN card
    • Voter ID
    • Aadhaar card
    • Driving license
    • Government identity card

    Age Proof:

    • Birth certificate
    • Passport
    • PAN card
    • Aadhaar card
    • Driving license

    Income Proof

    • Last 2 years’ Form 16
    • Last 3 months’ salary slips (for salaried individuals)
    • Last 2 years’ business financials certified by a CA (for self-employed individuals)
    • Last 12 months’ statements of all active bank accounts

    Property Documents (copy of the following)

    • Complete chain documents, if applicable
    • Receipts of payments made to the developer, if applicable
    • Buyer agreement or allotment letter, if applicable
    • Agreement to sell (if executed)

    Relationship Proof:

    • Marriage certificate
    • Ration card
    • Voter ID
    • PAN card
    • Passport
    • Aadhaar card (if relationship is included)

    Signature Proof:

    • Government identity card
    • Passport
    • PAN card
    • Driving license

    Document Check List: Home Loan Document Required

    FAQ's

    1. Can I add a co-applicant?

    Yes, you can not only add a co-applicant, but it is mandatory to add one to be eligible for a loan from IndoStar Home Finance. Also, all the owners or co-owners are mandatorily to be made the co-applicants of the loan.

    2. Are pre-payments allowed?

    Yes, you can pre-pay the loan. There is no pre-payment penalty for home loans with floating interest rate. However, if you have a fixed interest rate, then the pre-payment penalty is 3% of the loan’s principal outstanding amount.

    3. Are there different types of interest rates offered by IndoStar Home Finance?

    Yes, IndoStar Home Finance offers both fixed and floating interest rates on their home loans.

    4. What are the factors that go into determining my home loan amount?

    The home loan amount that is offered to you will be determined on factors such as your income, the property value, and your repayment capacity.

    5. How can I increase my loan eligibility?

    IndoStar Home Finance allows you to include the family income of all your earning members to increase your loan eligibility.

      

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