55 Lakh Indian Bank Home Loan

Home Loan By Property
Home Loan By Profession
Home Loan By Other
Home Loan By Scheme
Home Loan By Amount

Owning a home is a major dream for many people. However, high property prices can make it difficult. Worry no more; Indian Bank’s 55 lakhs home loan can be enough to help you. It offers competitive interest rates, flexible tenures, and easy documentation. Whether you want to buy or construct your dream house, Indian Bank has options and resources to disburse funds on time. This all-in-one guide will explain the expected 55 lakhs home loan EMI in Indian Bank, applicable interest rates, eligibility, associated fees, and nearly everything you need to know about this borrower-friendly credit option. Let’s get started.

Get in Touch for Home Loan Expert Advice

Connect with our Home Loan Advisor Now!

Personalized Home Loan solutions
Expert guidance
Application assistance
Credit score discussion
Home Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

I agree to the Terms and Conditions of TUCIBIL and hereby provide explicit consent to share my Credit Information with Urban Money Private Limited.

Table of Content

1. 55 Lakh Home Loan Indian Bank Highlights

2. 55 Lakh Home Loan EMI for 5 Years Indian Bank

3. 55 Lakh Home Loan EMI for 10 Years Indian Bank

4. 55 Lakh Home Loan EMI for 15 Years Indian Bank

5. 55 Lakh Home Loan EMI for 20 Years Indian Bank

6. 55 Lakh Home Loan EMI for 25 Years Indian Bank

7. 55 Lakh Indian Bank Home Loan Fees and Charges

8. 55 Lakh Indian Bank Home Loan Documents Required

9. 55 Lakh 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.

55 Lakh Home Loan Indian Bank – Highlights

The Indian Bank’s home loan interest rate for 55 lakhs and other key features are as follows:

Interest Rates	8.40% to 9.80% per annum
Loan-To-Value (LTV) Ratio	80% of the property value
Loan Tenure	Up to 30 years
Eligibility	Salaried, self-employed, or pensioners

55 Lakh Home Loan EMI for 5 Years Indian Bank

Check out the 55 lakhs 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
₹55 Lakhs	8.40% p.a.	5 years	₹1,12,576	₹12,54,560	₹67,54,560

55 Lakh Home Loan EMI for 10 Years Indian Bank

Have a close look at the 55 lakhs home loan EMI for 10 years from the Indian Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹55 Lakhs	8.40% p.a.	10 years	₹67,898	₹26,47,760	₹81,47,760

55 Lakh Home Loan EMI for 15 Years Indian Bank

The Indian Bank’s home loan 55 lakhs EMI rates and amount for a tenure of 15 years are given below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹55 Lakhs	8.40% p.a.	15 years	₹53,839	₹41,91,020	₹96,91,020

55 Lakh Home Loan EMI for 20 Years Indian Bank

Below mentioned are the 55 lakhs home loan EMI for 20 years from the Indian Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹55 Lakhs	8.40% p.a.	20 years	₹47,383	₹58,71,920	₹1,13,71,920

55 Lakh Home Loan EMI for 25 Years Indian Bank

Following are the 55 lakhs home loan EMI in the Indian Bank for a tenure of 25 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹55 Lakhs	8.40% p.a.	25 years	₹43,917	₹76,75,100	₹1,31,75,100

55 Lakh Indian Bank Home Loan – Fees and Charges

Beyond the Indian Bank’s home loan interest rate of 55 lakhs, there are certain fees and charges you should know:

Fee/Charge	Amount
Processing Fee	Nil
Prepayment Charges	Nil
Late Payment Panality	Applicable as per bank policy
Stamp Duty & Other Statutory Charges	As per actuals

55 Lakh Indian Bank Home Loan – Documents Required

To apply for an Indian Bank‘s 55 lakhs home loan, the following documents are required:

Identity Proof	Passport, Aadhaar card, PAN card, Voter ID, etc.
Address Proof	Utility Bills, Property Tax Receipt, Passport, Voter’s ID, etc.
Salary Proof	Last 3-month Salary Slips, 6-month Bank Statement, 1-year ITR, Form 16, etc.
Business Proof	Last 3 years ITR, Balance Sheets, and financial statements (for self-employed)
Additional Documents	Processing fee cheque, passport-sized photographs, and a completed application form.

55 Lakh Indian Bank Home Loan – Eligibility Criteria

The 55 lakhs home loan eligibility criteria in Indian Bank are given below:

Age Requirement	You must be a minimum of 18 years old.
Employment Status	Salaried individuals, self-employed professionals, and pensioners are eligible.
Work Experience	At least 2 years for salaried individuals and 3 years for self-employed professionals.
Credit Score	A good credit score is required, generally 700 or above
Nationality	You must be an Indian citizen, including NRI.

Frequently Asked Questions (FAQs)

What is the EMI for a 55 lakhs home loan for 20 years in Indian Bank?

The estimated EMI for a 55 lakhs home loan over 20 years is ₹47,383 at an annual interest rate of 8.40%.

To qualify for a 55 lakhs home loan from Indian Bank, you must be a salaried individual, self-employed professional, or pensioner.

What is the monthly interest rate of a 55 lakhs home loan in Indian Bank?

The monthly interest rate for a 55 lakh home loan from Indian Bank starts at approximately 0.7%.

Quick Links

Loan Offers By Indian Bank's

Indian Bank Personal Loan

Home Loan by Nationalized Bank

Home Loan Calculators

Indian Bank Calculators