30 Lakh Indian Bank Home Loan

Indian Bank’s ₹30 Lakh Home Loan offers an affordable financing option for purchasing or constructing a new home. With competitive interest rates ranging from 8.40% to 9.80%, flexible repayment options, and a repayment period of up to 30 years, this loan caters to many individuals, including salaried employees, self-employed professionals, businessmen, and pensioners. It also comes with minimal processing fees and the convenience of tailored repayment plans to suit your financial needs.

₹30 Lakh Home Loan Indian Bank – Highlights

Here are Indian Bank’s home loan interest rates for ₹30 Lakhs, along with highlights:

₹30 Lakh Home Loan EMI for 5 Years Indian Bank 

Indian Bank’s housing loan EMI for ₹30 Lakhs is mentioned below in detail:

₹30 Lakh Home Loan EMI for 10 Years Indian Bank 

Here are the ₹30 Lakhs home loan EMI for 10 years from the Indian Bank:

₹30 Lakh Home Loan EMI for 15 Years Indian Bank

For an amount of ₹30 Lakhs, the EMI for 15 years is as follows:

₹30 Lakh Home Loan EMI for 20 Years Indian Bank

₹30 Lakh home loan EMI for 20 years from the Indian Bank is as follows:

₹30 Lakh Home Loan EMI for 25 Years Indian Bank 

Indian Bank’s home loan of ₹30 Lakhs EMI for 25 years is as follows:

₹30 Lakh Indian Bank Home Loan – Fees and Charges

Here are the fees and charges for Indian Bank’s ₹30 Lakh Home Loan:

₹30 Lakh Indian Bank Home Loan – Documents Required

Here are the documents required for a ₹30 Lakh Home Loan from Indian Bank:

Identity Proof: Aadhaar Card, Passport, Voter ID, Driving Licence, etc.

Address Proof: Utility bill, Aadhaar Card, Passport, Voter ID, etc.

Income Proof:

• For salaried individuals: Latest salary slips for the past 3 months, Form 16, and bank statements.
• For self-employed/professionals: ITR for the past 3 years, bank statements, and proof of business.

Property Documents: Sale deed, allotment letter, and NOC from the builder or society.

Employment Proof: Employment certificate or appointment letter.

Age Proof: Birth certificate, Aadhaar Card, Passport, etc.

Photographs: Recent passport-size photographs.

₹30 Lakh Indian Bank Home Loan – Eligibility Criteria

The following are the criteria for  ₹30 Lakhs home loan eligibility at Indian Bank:

Age: Minimum 18 years at the time of loan application.

Employment Status:

• Salaried: Regular employees of Central/State Government, Public Sector Undertakings, or reputed private companies with at least 3 months’ salary slips.
• Non-Salaried: Businessmen, professionals, and self-employed individuals with a minimum of 3 years of business experience.
• Pensioners: Should have adequate income to service the loan.

Income:

• Gross Annual Income up to ₹15 lakhs: Take-home income should be at least 40% of the gross annual income.
• Gross Annual Income above ₹15 lakhs: Net Take Home Pay (NTHP) should be a minimum of ₹50,000 per month.

Work Experience:

• Salaried: Minimum 2 years of total work experience.
• Non-Salaried: Minimum 3 years of business or professional experience.
• Property: The property should be a residential house or flat for purchase, construction, or renovation.