70 Lakh Indian Bank Home Loan

Indian Bank’s ₹70 Lakh home loan is an excellent choice for those aspiring to purchase or construct their dream home in renowned societies and prime localities. This loan is available to salaried, non-salaried, and retired individuals living off their pensions. India Bank’s 70 Lakh Home Loan makes homeownership possible for people of all age groups, with amenities like no processing fees and flexible repayment tenures of up to 30 years. Loan applicants can easily avail of home loans with competitive interest rates ranging from 8.40% to 9.80% and benefits such as no processing fees.

70 Lakh Indian Bank Home Loan – Key Highlights

Here are some of the important features of the 70 Lakh Home Loan from Indian Bank, which will help you compare the same with other financial tools:

70 Lakh Home Loan EMI for 5 Years Indian Bank

If you plan to repay your ₹70 Lakh Home Loan from Indian Bank for 5 years, here’s the total interest payable and the corresponding monthly EMI amount:

70 Lakh Home Loan EMI for 10 Years Indian Bank

With a 10-year loan tenure and an interest rate of 8.40%, here’s the estimated EMI for a ₹70 Lakh Home Loan from Indian Bank:

70 Lakh Home Loan EMI for 15 Years Indian Bank

Here are the estimated EMI costs for a 70 Lakh Home Loan from Indian Bank over a tenure of 15 years, having an interest rate of 8.40%:

70 Lakh Home Loan EMI for 20 Years Indian Bank

For a 20-year tenure, the interest payable on a ₹70 Lakh Home Loan from Indian Bank, along with the estimated EMI, is as follows:

70 Lakh Home Loan EMI for 25 Years Indian Bank

With an interest rate of 8.40%, the estimated EMI and interest payable for a 70 Lakh Home Loan from Indian Bank is:

70 Lakh Indian Bank Home Loan – Charges

To apply for a 70 Lakh Home Loan from Indian Bank, you don’t need to pay any processing fee. You can also prepay the entire loan with no extra charges. The applicants only have to pay the stamp duty per state regulations. The bank has set a minimal penalty fee for late payments for the ease and convenience of the applicants.70 Lakh Indian Bank Home Loan – Documents Required

All applicants to the 70 Lakh Home Loan of Indian Bank will have to submit the following documents:

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

Some other documents as per the applicant’s occupation: 

Salaried:

• Last six months’ bank statements
• Last three months’ salary slips

Self-Employed:

• Last six months’ bank statements
• Business details
• Profit and loss account statements with income computation and balance sheet
• Latest Income Tax Returns

NRIs:

• Latest account statements
• Work permit or employment contract letter (for salaried)
• Business details (for self-employed)
• Valid Visa and passport copy
• Overseas residential address proof

70 Lakh Indian Bank Home Loan – Eligibility Criteria

Here is the eligibility criteria to apply for a 70 Lakh Home Loan from Indian Bank: