4 Crore Indian Bank Home Loan

Secure the keys to your dream home by availing of a 4 crore Indian Bank home loan. With interest rates starting at just 8.40% per annum and repayment tenure of up to 30 years, the EMIs are budget-friendly and can be easily managed with other expenses. The Indian Bank 4 crore housing loan can be used for various purposes such as purchasing, renovating or constructing a new home. To be eligible for this loan scheme, the applicant can either be a salaried, self-employed or a pensioner with a decent source of income. Continue reading to learn additional details of the 4 crore Indian Bank home loan and its processing fees.

Key Highlights – 4 Crore Indian Bank Housing Loan

Check the table below to know why the 4 crore Indian Bank home loan is a great option for you:

Indian Bank 4 Crore Housing Loan – 5 Years EMI

The table below suggests the EMI on a 4 crore home loan from Indian Bank, taken at an annual interest rate of 9.55% over a 5-year period:

Indian Bank 4 Crore Housing Loan – 10 Years EMI

The table below represents the EMI on a 4 crore home loan from Indian Bank, based on an interest rate of 9.55% per annum taken over a 10-year term:

Indian Bank 4 Crore Housing Loan – 15 Years EMI

The EMI computation for a 4 crore Indian Bank home loan, taken at an annual interest rate of 9.55% over 15 years, is shown below:

Indian Bank 4 Crore Housing Loan – 20 Years EMI

The table below displays the EMI calculations for an Indian Bank home loan amounting to 4 crores, offered at a 9.55% interest rate for 20 years:

Indian Bank 4 Crore Housing Loan – 25 Years EMI

The EMI on a 4 crore Indian Bank home loan, at an annual interest rate of 9.55% spread over 25 years, is detailed below:

Fees & Charges – 4 Crore Indian Bank Housing Loan

Read below to know the details on the fees and charges applicable on the Indian Bank home loan of 4 crores:

4 Crore Indian Bank Home Loan – Documents Required

Keep the following documents handy when applying for the 4 crore Indian Bank home loan:

For Salaried Individuals:

• Valid ID proof
• Recent passport-sized photograph
• Address proof
• Age proof
• Bank statements from the past 6 months
• Salary slips for the last 3 months
• Property-related documents

For Self-Employed Individuals:

• Valid ID proof
• Passport-sized photograph
• Address proof
• Age proof
• Bank statements from the past 6 months
• Business details
• Profit and loss statement
• Balance sheet
• Latest Income Tax Returns

For NRIs:

• Valid ID proof
• Recent passport-sized photograph
• Address proof (for both India and overseas)
• Latest NRE account statements
• Business details if self-employed
• Work permit or job contract if salaried
• Valid visa and passport copy
• Property-related documents

4 Crore Indian Bank Housing Loan – Eligibility Criteria

Eligible applicants for a 4 crore Indian Bank home loan include Resident Indians with a stable income and at least 3 years of overall work experience. Salaried individuals should be employed with either the Central or State Government, Public Sector Units, reputable companies, MNCs, or government-supported educational institutions. With a minimum of 2 years of job experience. Business owners or self-employed professionals must have at least 3 years of experience in their field. Pensioners are also eligible, provided they have sufficient income to manage loan repayments. The minimum age requirement is 18 years, while the maximum age limit is 70 years.