1 Crore Indian Bank Home Loan

Indian Bank’s ₹1 Crore home loan is an outstanding option for those looking to buy or build their dream home in well-known neighbourhoods. Urban Money is guiding you towards this financial option because of its available flexible repayment options of up to 30 years and no-cost processing fees. The loan can be availed by salaried individuals, self-employed professionals, and pensioners of all age groups, making home ownership easily accessible to anyone. Borrowers can save a ton of money with competitive interest rates ranging from 8.40% to 9.80 and take advantage of their high credit score. Read more information about the 1 Crore Home Loan from Indian Bank below, and discover the EMI amount payable for various loan terms.

1 Crore Indian Bank Home Loan – Key Highlights

Here are some of the important features of the 1 Crore home loan from Indian Bank, which highlights the various benefits of choosing it over other financial options:

1 Crore Home Loan EMI for 5 Years Indian Bank

If you intend to repay your 1 Crore Home Loan from Indian Bank over 5 years, here are the estimated EMIs and total interest that will be payable.

1 Crore Home Loan EMI for 10 Years Indian Bank

With a loan tenure of 10 years, here is the estimated EMI amount and interest payable for a 1 Crore Home Loan from Indian Bank:

1 Crore Home Loan EMI for 15 Years Indian Bank

With a loan tenure of 15 years and an interest rate of 8.40% per annum, here is the estimated EMI amount and total interest payable for the Indian Bank’s home loan worth 1 Crore:

1 Crore Home Loan EMI for 20 Years Indian Bank

The estimated EMI amount and interest payments for Indian Bank’s 1 Crore Home Loan are as follows:

1 Crore Home Loan EMI for 25 Years Indian Bank

For a home loan worth 1 Crore from Indian Bank, here is the estimated EMI amount and interest payable:

1 Crore Indian Bank Home Loan – Fees and Charges

Applicants of a 1 Crore Home Loan from Indian Bank enjoy amazing benefits in terms of fees and charges, which are as follows:

• No hefty processing charges are required for a ₹60 Lakh Home Loan from Indian Bank.
• The bank does not impose any prepayment penalties.
• Stamp duty charges are applied according to state-wise fees.
• A minimal penalty charge is applied for late payments.

1 Crore Indian Bank Home Loan – Documents Required

Some of the common documents required while applying for a 1 Crore home loan from Indian Bank are identity proofs, passport-size photos, residence proof, age proof and papers documenting the property’s purchase.

The following documents are required only by people belonging to a particular occupation:

Salaried

• Last six months’ bank statements
• Last three months’ salary slips

NRIs

• Latest NRE account statements
• Work permit or employment contract letter (for salaried)
• Business details (for self-employed)
• Valid Visa and passport copy
• Overseas residential address proof

Self-Employed 

• Last six months’ bank statements
• Business details
• Profit and loss account statements with income computation and balance sheet
• Latest Income Tax Returns

1 Crore Indian Bank Home Loan – Eligibility Criteria

Any salaried employee, self-employed individual or businessman over the age of 18 can apply for the 1 Crore Home Loan from Indian Bank, given that they have experience over:

• Professionals and Self-employed: More than three years 
• Pensioners: Regular Income 
• Regular Employees: Over two years 
• Government Employees: More than three months