65 Lakh Indian Bank Home Loan

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Indian Bank's ₹65 Lakh Home Loan is designed to make homeownership easier with a balance of affordability and flexibility. Offering competitive interest rates from 8.40% to 9.80% and a repayment period of up to 30 years, it suits a wide range of borrowers, from salaried individuals to self-employed professionals and pensioners. The loan covers various needs, including purchasing, constructing, or renovating a residential property. With no processing fees and flexible repayment options, this home loan is structured to fit diverse financial situations, helping you achieve your housing goals with ease.

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Table of Content

1. 65 Lakh Home Loan Indian Bank Highlights

2. 65 Lakh Home Loan EMI for 5 Years Indian Bank

3. 65 Lakh Home Loan EMI for 10 Years Indian Bank

4. 65 Lakh Home Loan EMI for 15 Years Indian Bank

5. 65 Lakh Home Loan EMI for 20 Years Indian Bank

6. 65 Lakh Home Loan EMI for 25 Years Indian Bank

7. 65 Lakh Indian Bank Home Loan Fees and Charges

8. 65 Lakh Indian Bank Home Loan Documents Required

9. 65 Lakh Indian Bank Home Loan Eligibility Criteria

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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.

₹65 Lakh Home Loan Indian Bank – Highlights

Here are Indian Bank’s home loan interest rates for ₹65 Lakhs, along with highlights:

Key Highlights	Details
Loan Amount	₹65 Lakhs
Interest Rate	8.40% to 9.80% per annum
Repayment Period	Up to 30 years
Eligibility	Salaried, Self-employed, Pensioners

₹65 Lakh Home Loan EMI for 5 Years Indian Bank

Indian Bank’s housing loan EMI for ₹65 Lakhs is mentioned below in detail:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹65 Lakhs	8.40% p.a.	5 years	₹1,33,044	₹14,82,664	₹79,82,664

₹65 Lakh Home Loan EMI for 10 Years Indian Bank

Here are the ₹65 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
₹65 Lakhs	8.40% p.a.	10 years	₹80,243	₹31,29,217	₹96,29,217

₹65 Lakh Home Loan EMI for 15 Years Indian Bank

For an amount of ₹65 Lakhs, the EMI for 15 years is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹65 Lakhs	8.40% p.a.	15 years	₹63,628	₹49,52,974	₹1,14,52,974

₹65 Lakh Home Loan EMI for 20 Years Indian Bank

₹65 Lakh home loan EMI for 20 years from the Indian Bank is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹65 Lakhs	8.40% p.a.	20 years	₹55,998	₹69,39,470	₹1,34,39,470

₹65 Lakh Home Loan EMI for 25 Years Indian Bank

Indian Bank’s home loan of ₹65 Lakhs EMI for 25 years is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹65 Lakhs	8.40% p.a.	25 years	₹51,902	₹90,70,738	₹1,55,70,738

₹65 Lakh Indian Bank Home Loan – Fees and Charges

Here are the fees and charges for a ₹65 Lakh Indian Bank Home Loan:

Processing Fee: Nil. Indian Bank does not charge a processing fee for this home loan.

Margin Requirement:

20% of the property value for loans between ₹30 Lakhs and ₹75 Lakhs.

The borrower is required to contribute this percentage towards the property’s cost.

Property Insurance:

Mandatory to insure the property financed by the loan.

Insurance costs are to be covered by the borrower.

Security: The loan will be secured by a mortgage on the property being financed.
Prepayment Charges: No prepayment charges for floating rate loans, allowing early repayment without penalties.

₹65 Lakh Indian Bank Home Loan – Documents Required

These are the documents required for ₹65 Lakhs Indian Bank Home Loan:

Document Type	Required for	Examples/Details
Identity Proof	Verification of identity	Aadhaar Card, Passport, Voter ID, Driving Licence
Address Proof	Verification of address	Utility Bill, Aadhaar Card, Passport, Voter ID
Income Proof	Financial assessment	Salaried: 3 months’ salary slips, Form 16, 6 months’ bank statements Self-Employed: ITR for 3 years, 6 months’ bank statements, business proof
Property Documents	Verification of property	Sale Deed, Allotment Letter, NOC from builder/society
Employment Proof	Employment verification	Employment Certificate, Appointment Letter
Age Proof	Verification of age	Birth Certificate, Aadhaar Card, Passport
Photographs	Identification	Recent passport-size photographs

₹65 Lakh Indian Bank Home Loan – Eligibility Criteria

The eligibility criteria for ₹65 Lakh Indian Bank Home Loan is as follows:

Age Requirements:

Minimum:	18 years
Maximum:	As per bank policy at the time of loan maturity

Applicant Categories:

Salaried Individuals	Employed with Central/State Government, Public Sector Undertakings, or reputed private companies Minimum work experience: 2 years
Self-Employed/Businessmen	Minimum business or professional experience: 3 years
Pensioners	Must have a sufficient pension income to service the loan

Income Criteria:

For Gross Annual Income up to ₹15 Lakhs:	Net Take Home Pay (NTHP) should be at least 40% of the gross annual income
For Gross Annual Income above ₹15 Lakhs:	Minimum NTHP should be ₹50,000 per month

Property Requirements: The property should be a residential house or flat intended for purchase, construction, or renovation.

Employment Status:

Salaried:	Must have stable employment with consistent income.
Self-Employed:	Should demonstrate a steady business income and financial stability.

Frequently Asked Questions (FAQs)

What is the EMI for a ₹65 Lakh Home Loan for 20 years in the Indian Bank?

The EMI ranges from ₹56,120 to ₹61,237, depending on the interest rate, which varies between 8.40% and 9.80%.

Who is eligible for a ₹65 Lakhs Home Loan in the Indian Bank?

Applicants include salaried individuals, self-employed professionals, businessmen, and pensioners meeting the bank's specific age and income conditions.

What is the monthly interest rate of a ₹65 Lakh home loan in the Indian Bank?

The monthly interest rate falls between 0.70% and 0.82%.

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