60 Lakh Indian Bank Home Loan

Indian Bank’s 60 Lakh home loan is a boon for people who want to purchase or build their dream home in well-reputed societies and localities. Ensuring the lowest minimal interest rates range between 8.40% and 9.80%, customers can use this loan to purchase a new flat/ house or renovate an existing property. One of the biggest USPs of this loan is that it can be applied for by salaried, non-salaried, and even pensioners, offering the opportunity to become a homeowner of all ages. The borrower will not have to pay any processing fees on the loan and enjoy a flexible loan tenure of up to 30 years. The following information will help you decide whether the 60 Lakh home loan from Indian Bank fits your financial needs.

60 Lakh Indian Bank Home Loan – Key Highlights

The following features of a 60 Lakh home loan from Indian Bank distinguish it from other available financial tools and help you make your financial decision:

60 Lakh Home Loan EMI for 5 Years Indian Bank 

If you want to repay your 60 Lakh Home Loan from Indian Bank within 5 years, here are the EMI estimates and the total interest payable.

60 Lakh Home Loan EMI for 10 Years Indian Bank 

For a loan tenure of 10 years, here are the EMI estimates and interest payments for a 60 Lakh Home Loan from Indian Bank:

60 Lakh Home Loan EMI for 15 Years Indian Bank 

A 60 Lakh Home Loan from Indian Bank for a loan tenure of 15 years will cost you the following interest and EMI payments:

60 Lakh Home Loan EMI for 20 Years Indian Bank

With an interest rate of 8.40%, the EMI costs for a 60 Lakh Home Loan from Indian Bank come up to be:

60 Lakh Home Loan EMI for 25 Years Indian Bank 

The following are the estimated EMI and interest payments for a 60 Lakh Home Loan from Indian Bank:

60 Lakh Indian Bank Home Loan – Fees

Applicants don’t need to worry about hefty processing charges for a 60 Lakh Home Loan from Indian Bank. The bank also doesn’t charge any money for prepayment penalties, and the stamp duty charges are taken according to the set state-wise fees. The borrowers also have to pay a basic penalty for late payments.

60 Lakh Indian Bank Home Loan – Documents Required

Here are some of the common documents required for applying for a 60 Lakh Home Loan from Indian Bank:

• Proof of Identity
• Passport Size Photograph
• Residential Address Proof
• Age Proof
• Property-Related Documents

The following documents are required additionally, based on the applicant’s occupation:

60 Lakh Indian Bank Home Loan – Eligibility Criteria

Here are the official eligibility criteria for a 60 Lakh Home Loan from Indian Bank:

• Age: Over 18 years 
• Target Group of loan: Salaried individuals, professionals, self-employed, pensioners and businessmen
• Experience in the working industry: Professionals and Self-employed having experience of more than three years, Pensioners having enough income, Regular Employees working in MNCs for over two years and government employees with more than three months of experience