10 Lakh Indian Bank Home Loan

Indian Bank offers a 10 lakh home loan that helps people easily buy or build a home. This loan is designed for salaried employees, self-employed individuals, and pensioners, making it suitable for many. With flexible repayment plans and reasonable interest rates, the loan helps you manage your finances comfortably. Whether you want to purchase your first home, construct a new house, or renovate an existing one, Indian Bank’s 10 lakh home loan provides the financial support you need. You can repay the loan over 30 years, making the monthly payments easier to handle while bringing your homeownership dreams within reach.

10 Lakh Indian Bank Home Loan – Key Highlights

Indian Bank offers competitive home loan rates, flexible repayment terms, and various schemes to suit different needs, making it a popular choice for homebuyers.

Indian Bank 10 Lakh Home Loan – 5 Years EMI

The table below shows the EMI for a ₹10 lakh Indian Bank home loan over 5 years, based on an annual interest rate of 9.30%:

Indian Bank 10 Lakh Home Loan – 10 Years EMI

The table outlines the EMI for a ₹10 lakh home loan from Indian Bank with a 10-year repayment period at an annual interest rate of 9.30%:

Indian Bank 10 Lakh Home Loan – 15 Years EMI

The table provides the EMI for a ₹10 lakh Indian Bank home loan with a repayment period of 15 years and a yearly interest rate of 9.30%:

Indian Bank 10 Lakh Home Loan – 20 Years EMI

For a 20-year repayment plan and a 9.30% annual interest rate, the table below highlights the EMI for a ₹10 lakh Indian Bank home loan:

Indian Bank 10 Lakh Home Loan – 25 Years EMI

The table below details the EMI for a ₹10 lakh home loan from Indian Bank over 25 years, with an interest rate of 9.30% per year:

Fees & Charges – Indian Bank 10 Lakh Home Loan

Here’s a general overview of the fees you might encounter when applying for a 10 lakh home loan from Indian Bank.

10 Lakh Indian Bank Home Loan – Important Documents

To make your application process easy and efficient, gathering all the required documents in advance is important. These include valid ID proof, proof of your current address, and documents that show your income. You’ll also need to submit your income tax returns (ITR) and any business registration or ownership papers if you are self-employed. Don’t forget to include all relevant property documents to ensure a smooth application experience.

10 Lakh Indian Bank Home Loan – Eligibility Criteria

An individual must meet the following requirements to qualify for a ₹10 lakh home loan from Indian Bank:

• Minimum Age Requirement: Applicants must be at least 18 years old to be eligible for the loan.
• Work Experience Criteria: For salaried individuals, the requirement includes providing a salary slip for the last 3 months and having at least two years of experience, especially for those employed with MNCs or reputed companies. Self-employed individuals or businessmen must have at least 3 years of work experience. Pensioners are also eligible, provided they have enough income to service the loan comfortably.
• Income Requirement: If the gross annual income is ₹15 lakhs or less, the take-home pay should be at least 40% of the gross income. For applicants with a gross yearly income exceeding ₹15 lakhs, the net take-home pay (NTHP) must be at least ₹50,000 per month.