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  • IndusInd Bank Home Loan

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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 14 Oct 2019

    IndusInd Home Loan Details
    MCLR 8.95%
    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.


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    IndusInd Bank Home Loan Reviews

    • IndusInd Bank Home Loan
      0.5 3.0/5 "Satisfactory"
      I have applied for one more credit card with HDFC BANK so have told Indusind Bank to cancel the card because I was comfortable with the benefits of HDFC card. There is no clarity on the documentation part. They did not disclose the interest rate.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 09, 2019
    • IndusInd Bank
      IndusInd Bank Home Loan
      "Avearge service"
      0.5 2.0/5 "Expected more"
      The home loan experience was good with INDIA BULLS . The interest rate was high as compare to others. The processing fee is nominal. I think, they have disbursed the loan amount within few days The document procedure is simple. Overall it is good experience .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2019
    • IndusInd Bank Home Loan
      0.5 4.0/5 "Great!"
      I have done a balance transfer with the INDUSIND BANK where i have taken the home loan with this bank and the rate of interest was 8% which was fixed and closed this loan too. The documentation process was simple and easy to get the credit card.
      Was this review helpful? 0
      , chennai
      Reviewed on May 10, 2019
    • IndusInd Bank Home Loan
      "Should fulfill the customer need"
      0.5 1.0/5 "Really Bad"
      Indusind bank documentation, disbursal and take over part was very disappointed. I took three days of leave to follow my home loan. They took 15 days to sanction the amount with lots of follow up. I took the loan amount Rs. 27 lakhs for the duration of 12 years. Finally I switch over to Bajaj finserv, even the interest was not flexible.
      Was this review helpful? 0
      , chennai
      Reviewed on May 04, 2019
    • IndusInd Bank Home Loan
      0.5 5.0/5 "Blown Away!"
      I have been using the housing loan with the INDUSIND BANK and i have done the balance transfer from another bank. The rate of interest was nominal when compared to the others, the duration for repaying the loan is for 15 years with this loan.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Apr 12, 2019
    • IndusInd Bank Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      It has been a good experience i had with the services of them. The process has been easy in getting the loan and the loan amount which they had provided has been satisfactory as well. The interest rate with them has been nominal and there has not been any sort of charges which had been made by them.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 02, 2018
    • IndusInd Bank Home Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      I have taken home loan with IndusInd bank and the experience was good, the loan amount was for Rs 17 lacs with high interest rate when compared to others. Customer service was good and they responded on time. The tenure period for this loan is 10 years.
      Was this review helpful? 1
      , mumbai
      Reviewed on Oct 24, 2018
    • IndusInd Bank Home Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      My experience was not up to the mark with IndusInd bank home loan , the loan amount was for Rs 5 lakhs with high interest rate when compared to other banks. I asked for the subsidy of the loan but there was no response from the customer support of this bank. The tenure period for this loan is 2 years.
      Was this review helpful? 3
      , ahmedabad
      Reviewed on Jul 31, 2018
    • IndusInd Bank Home Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      My home loan was taken with INDUSIND bank 6 years back . The loan amount was 20 lakhs and the interest rate was 13% which was average in the market. The EMI period was 10 years . Here the processing fee was very high in the market but I am satisfied with the smooth loan process. They have sanctioned the loan with the committed time also. MY overall experience was good.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Dec 01, 2017
    • IndusInd Bank Home Loan
      "High when it comes to interest rate"
      0.5 1.0/5 "Really Bad"
      For my home loan, Indusind bank quoted an interest rate of 12.5% which is higher than other banks. Actually it has been two months now since I had availed a loan from them, so I am waiting for three more months, after which I am planning to transfer my home loan to other bank where I could get the lowest interest rate. Also this is the slowest process which I had ever seen. The loan amount is 8.54 lakhs but the interest amount is 6.5 lakhs so, it is really frustrating.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 21, 2017
    • IndusInd Bank Home Loan
      "Insurance is an optional.."
      0.5 4.0/5 "Great!"
      As being a staff of IndusInd bank got an offer in interest rate and that is of fixed range. Interest rate varies time to time but it is similar to other banks as it ranges between 10 to 11%. Processing charge is 2% but I got it for 1%. IndusInd bank did not entertain an insurance for a home loan at that time.
      Was this review helpful? 1
      , chennai
      Reviewed on Jul 28, 2015
    • IndusInd Bank Home Loan
      0.5 5.0/5 "Blown Away!"
      Interest rate I was offered was 11% for home loan, which is normal. My home loan was approved within 3 to 4 working days. After consulting with me the money was transfered to the builders. The processing fee is nominal. service was good so far. No feed back as such everything is perfect in IDBI bank.
      Was this review helpful? 4
      , raipur
      Reviewed on Jun 13, 2015
    • IndusInd Bank Home Loan
      0.5 3.5/5 "Pretty good"
      I am holding a Indusind Visa Card. I use this card for paying utility bills, for traveling and also for online purchases. I do get bonus points for every 100rs spent. Its a life time free card and I do get benefits in getting tickets from Jet Airways.
      Was this review helpful? 3
      , chennai
      Reviewed on May 29, 2015
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