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    IndusInd Bank Home Loan Reviews

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    IndusInd Bank Home Loan is Rated as "Excellent!" by 3 Users

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    IndusInd Bank Limited is a Mumbai based Indian new generation bank, established in 1994. The bank offers commercial, transactional and electronic banking products and services. IndusInd Bank is the first among the new-generation private banks in India. Generating first of kind services/innovations which further improve a customer's banking experience are key drivers towards this. The bank prides itself of having been able to understand its customer's needs and provide such solutions.IndusInd Bank is proud to bring you Home Loans through HDFC ltd to fulfill your dreams.With IndusInd bank, fulfilling the ambition of owning your own house is not only easy but an unforgettable experience.To know more, follow some simple steps given below to get best interest rates.


    You’re probably eligible for an IndusInd Home Loan if you are

    IndusInd Home Loan Minimum Age

    At least 21 years old

    IndusInd Home Loan Maximum Age

    Less than 60 years old

    IndusInd Home Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    IndusInd Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your IndusInd Home Loan amount eligibility is based on these factors

    IndusInd Home Loan Minimum Salary

    Earn more than the minimum
    income required

    IndusInd Home Loan Maximum Loan to property value

    Loan capped @ 60% to 80% of property value

    IndusInd Home Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible IndusInd Home Loan amount by these steps

    IndusInd Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    IndusInd Home Loan Maximum Tenure

    Choose longer tenure loan up to 30 years

    IndusInd Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an IndusInd Home Loan

    • 1. Signed application form with photograph
    • 2. Latest bank statements
    • 3. ID and residence proof
    • 4. Processing fee Cheque
    • 5. Documentation for salaried applicants:
      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
    • 6. Documentation for self-employed applicants:
      • latest income tax returns
      • latest comupation of income


    IndusInd Home Loan Interest RatesUpdated on 24 Oct 2016

    IndusInd Home Loan Details
    Loan Tenure 30 years



    IndusInd Bank was established in 1994 in Mumbai. This new generation bank provides transactional, commercial and electronic banking services and products to its customers. IndusInd offers innovations and services that are first of its kind. The bank’s motto is offering the best customer service as the bank believes in its capacity to offer needs and solutions as per customer’s requirements. IndusInd gives its customers the unforgettable experience of owning a house without any hassles.

    IndusInd Bank Home Loan:

    IndusInd Bank offers home loans through HDFC Ltd., which is one of the most reputed and trusted finance company in the country. The home loan’s easy documentation and transparent dealings make it an attractive offer from the bank.

    IndusInd Bank provides home loans to its customers for the following purposes:

    • Buying a plot or land and construction of a residential house.
    • Buying an old house of flat.
    • Buying a new house or flat.
    • Modification or alteration or extension of an existing house.
    • Loan against property, which is residential.
    • Loan transfer from other banks.

    Documents Required for Home Loan from IndusInd:

    The following documents are required by customers planning to take a home loan from IndusInd Bank:

    Salaried Applicants:

    For customers earning a regular salaried income, the following documents are needed to be submitted when applying for a home loan:

    • Identity proof such as PAN card, Passport copy, Voter’s ID or Driving License.
    • Applicant’s as well as co-applicant’s photograph.
    • Residence proof such as copy of telephone or electricity bill or Driving License, bank statement, Passport, etc.
    • Most recent ITR and Form – 16.
    • Applicant’s appointment letter or promotion letter with salary breakup.
    • Last six month’s bank statements.
    • Previous six month’s bank statements from other bank accounts, if any.
    • EMI details of any other loan.
    • Salary slip of the last three months.

    Self-employed Applicants:

    • Audit report of the company owned by applicant.
    • Last three years ITR filed by the company along with a profit and loss balance sheet.
    • Bank account statement from last six months.
    • Proprietor’s bank account statement of last six months.
    • Business profile of applicant.

    Partnership and Private Firms:

    • ITR filed by the company for the last three years and Profit and loss balance sheet in the name of the company or firm.
    • Form-16 of individual directors, in case of a private firm.
    • Three year’s ITR and partnership deed, in case of a partnership firm.
    • Bank account statement of the last six months of the partner’s or directors.
    • A business profile.

    NRI Applicants:

    • Applicant’s valid work permit.
    • Appointment contract of applicant given by the employer.
    • Copy of applicant’s Visa and Passport.
    • Credit report of the borrower from a valid credit agency of the country, where he or she is employed.
    • NRO or NRE bank account statements of borrower from the last six months.

    Features of IndusInd Bank Home Loan:

    IndusInd Bank Home Loan offers loans at attractive interest rates allowing its customers to avail them through easy documentation and quick processing. Following are some of the highlight features of the home loan from IndusInd Bank:

    • IndusInd Bank offers a maximum loan amount of 80% of the property’s cost. The amount of the loan is also decided based on the customer’s repayment capacity.
    • Home loans from the bank are provided by HDFC Ltd. and provide borrowers a maximum loan term of 20 years or retirement age of the borrower, whichever comes earlier.
    • IndusInd Bank home loans are available for individual borrower’s as well joint borrowers. Co-applicants are the proposed owners of the property in question.
    • The RPLR (Retail Prime Lending Rate) of HDFC is used to calculate the loan under adjustable rate at IndusInd Bank. The interest rate on the home loan changes every three months from its initial disbursement as it depends on the RPLR.
    • EMI on the home loan provided by IndusInd Bank does not change with change in RPLR, however if the interest rate goes high, EM’s interest component also increases and principal component drops, leading to the loan term’s extension.


    1. I am an NRI looking to take a home loan from IndusInd Bank, am I eligible to apply?

      Yes, IndusInd Bank provides home loan to NRI customers as well, provided all the documents required by the bank are presented.

    2. What is the maximum loan term that I can avail by taking a home loan from HDFC through IndusInd?

      The maximum loan period offered by IndusInd Bank on its home loan is 20 years or your retirement age, whichever is a shorter period.

    3. What is the maximum quantum of home loan that IndusInd Bank can provide?

      IndusInd Bank can provide maximum home loan of 80% of the price of the property, inclusive of land cost.

    4. Does IndusInd Bank have the facility of home loan transfer from another bank?

      Yes, IndusInd Bank allows loan balance takeover from other banks or HFCs.

    5. I am looking for a home loan from IndusInd for buying a residential property, does the bank provide such a product?

      Yes, IndusInd Bank offers home loans against property and you can avail the same at attractive interest rates.

    News About IndusInd Bank Home Loan

    • IndusInd to make space for home loan products

      Medium-scale private bank, IndusInd Bank, endorsed by the Hinduja Group, is aiming to get into the inexpensive home loans sector and is in the last phase of hemming up associationship with a payments bank (PB) licencee. This step is regarded both as a broadening tactic and a natural expansion of the bank’s microfinance interests. Currently, it is at the evaluation stage and in weeks, they aim to cement the plans as informed by the MD and CEO of IndusInd, Mr. Romesh Sobti. As of now, the bank instigates loans for big mortgage players like HDFC. Getting into inexpensive housing finance sector will help considerably to attain lending targets. The road map to include home loans for the middle and low income people is not revealed yet.

      19th January, 2016

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