2 Crore Indian Bank Home Loan

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Homeownership is a substantial achievement that defines stability, security, and a solid investment for the future. The financial requirement often surpasses the usual home loan amounts for individuals aiming for premium homes at prime locations. This is where the Indian Bank’s 2 crores home loan plays a pivotal role. The loan features competitive interest rates, personalised repayment plans, and customer-friendly eligibility criteria to cater to those who aspire to own high-value properties. Whether you wish to purchase or construct your residence, Indian Bank provides flexible home loan solutions to make your vision of homeownership a reality. Let’s dive into the details of the 2 crores home loan EMI in Indian Bank, applicable interest rates, eligibility criteria, required documents, and associated fees. This ultimately helps you to make your borrowing experience seamless and stress-free.

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Table of Content

1. 2 Crore Home Loan Indian Bank Highlights

2. 2 Crore Home Loan EMI for 5 Years Indian Bank

3. 2 Crore Home Loan EMI for 10 Years Indian Bank

4. 2 Crore Home Loan EMI for 15 Years Indian Bank

5. 2 Crore Home Loan EMI for 20 Years Indian Bank

6. 2 Crore Home Loan EMI for 25 Years Indian Bank

7. 2 Crore Indian Bank Home Loan Fees and Charges

8. 2 Crore Indian Bank Home Loan Documents Required

9. 2 Crore Indian Bank Home Loan Eligibility Criteria

Written By

Hepson Franklin

Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

2 Crore Home Loan Indian Bank – Highlights

Following are the Indian Bank’s home loan interest rate for 2 crores and other key features:

Interest Rates	8.40% to 9.80% p.a.
Loan-To-Value (LTV) Ratio	75% of the property value
Loan Tenure	Up to 30 years
Eligibility	Salaried, self-employed professionals or pensioners

2 Crore Home Loan EMI for 5 Years Indian Bank

Here is the interest rate for a 2 crores home loan EMI in Indian Bank with a tenure of 5 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹2 Crores	8.40% p.a.	5 years	₹4,09,367	₹45,62,020	₹2,45,62,020

2 Crore Home Loan EMI for 10 Years Indian Bank

Following are the 2 crores home loan EMI for 10 years from Indian Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹2 Crores	8.40% p.a.	10 years	₹2,46,903	₹96,28,360	₹2,96,28,360

2 Crore Home Loan EMI for 15 Years Indian Bank

Let’s examine the Indian Bank’s home loan EMI for 2 crores with a tenure of 15 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹2 Crores	8.40% p.a.	15 years	₹1,95,777	₹1,52,39,860	₹3,52,39,860

2 Crore Home Loan EMI for 20 Years Indian Bank

Here are the 2 crores home loan EMI for 20 years in the Indian Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹2 Crores	8.40% p.a.	20 years	₹1,72,301	₹2,13,52,240	₹4,13,52,240

2 Crore Home Loan EMI for 25 Years Indian Bank

The 2 crores home loan EMI in the Indian Bank for a tenure of 25 years is given below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹2 Crores	8.40% p.a.	25 years	₹1,59,700	₹2,79,10,000	₹4,79,10,000

2 Crore Indian Bank Home Loan – Fees and Charges

Here are the fees and charges in addition to the Indian Bank’s home loan interest rate of 2 crores:

Fee/Charge	Amount
Processing Fee	Nil
Prepayment Charges	Nil
Late Payment Panality	Applicable
Stamp Duty & Other Statutory Charges	At actual costs

2 Crore Indian Bank Home Loan – Documents Required

Examine the necessary documents for the Indian Bank’s 2 crores home loan:

Proof of Identity	Passport, Aadhaar card, PAN card, Voter ID, etc.
Proof of Address	Utility Bills, Property Tax Receipt, Passport, Voter’s ID, etc.
Proof of Salary	Last 3-month Salary Slips, 6-month Bank Statement, 1-year ITR, Form 16, etc.
Proof of Business	Past 3-year ITR, Balance Sheet, and other financial statements to prove your business existence.
Additional Documents	Processing fee cheque, latest passport size coloured photos, and duly filled application form.

2 Crore Indian Bank Home Loan – Eligibility Criteria

Following are the 2 crores home loan eligibility criteria in Indian Bank:

Age Limit	Minimum of 18 years old
Employment Status	Salaried, self-employed, or pensioners
Work Experience	2 years for salaried; 3 years for self-employed
Credit Score	Preferably 700 or higher
Nationality	Indian, including NRIs

Frequently Asked Questions (FAQs)

What is the EMI for a 2 crore home loan for 20 years in Indian Bank?

The estimated EMI for a 2 crore home loan over 20 years is ₹1,72,301, at an interest rate of 8.40% per annum.

Who is eligible for a 2 crore home loan from Indian Bank?

Salaried individuals, self-employed professionals, and pensioners are eligible for a 2 crore home loan in Indian Bank

What is the monthly interest rate of a 2 crore home loan in Indian Bank?

The monthly interest rate for a 2 crore home loan in Indian Bank starts at 0.7%.

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