75 Lakh Indian Bank Home Loan

Purchasing a home is a big financial commitment and an exciting milestone. However, navigating the complexities of home loans, especially for significant amounts, can be daunting. This is where Indian Bank's 75 lakhs home loan comes into play. The loan is specifically designed to offer a seamless and efficient financial solution for individuals looking to buy a larger home or invest in prime property. The bank ensures eligible applicants can expect competitive interest rates, flexible tenures, and simplified documentation, making homeownership within reach without excessive financial strain. To help you make a more informed decision, we present the estimated 75 lakhs home loan EMI with Indian Bank, applicable interest rates, eligibility, documentation, and associated fees. Let’s scroll down to learn more.

75 Lakh Home Loan Indian Bank – Highlights

The Indian Bank’s home loan interest rate for 75 lakhs and other key parameters are given below:

75 Lakh Home Loan EMI for 5 Years 

Here is the estimated 75 lakhs home loan EMI in Indian Bank with a tenure of 5 years:

75 Lakh Home Loan EMI for 10 Years Indian Bank 

The following table shows the 75 lakhs home loan EMI for 10 years from the Indian Bank:

75 Lakh Home Loan EMI for 15 Years Indian Bank

Let’s examine the Indian Bank’s home loan EMI for 75 lakhs with a tenure of 15 years:

75 Lakh Home Loan EMI for 20 Years Indian Bank

Below are the 75 lakhs home loan EMI for 20 years from the Indian Bank:

75 Lakh Home Loan EMI for 25 Years Indian Bank 

Here are the 75 lakhs home loan EMI in the Indian Bank for a tenure of 25 years:

75 Lakh Indian Bank Home Loan – Fees and Charges 

In addition to the Indian Bank home loan interest rate of 75 lakhs, you should be aware of the following fees and charges:

75 Lakh Indian Bank Home Loan – Documents Required

Here are the required documents for the Indian Bank’s 75 lakhs home loan:

• Proof of Identity: Passport, Aadhaar card, PAN card, Voter ID, etc. 
• Proof of Residence: Utility Bills, Property Tax Receipt, Passport, Voter’s ID, etc.
• Proof of Salary: Last 3 months’ Salary Slips, 6 months’ Bank Statements, Form 16, etc. 
• Proof of Business: Last 3 years’ ITR, Balance Sheets, and financial statements to ensure your business existence.
• Additional Documents: Processing fee cheque, latest passport size coloured photos, and duly filled application form. 

75 Lakh Indian Bank Home Loan – Eligibility Criteria 

Following are the 75 lakhs home loan eligibility criteria in Indian Bank:

• Age Requirement: You must be aged a minimum of 18 years.
• Employment Status: You must be salaried, self-employed, or pensioners. 
• Work Experience: You need 2 years of experience, while if you are self-employed, you require 3 years of business continuity. 
• Income Criteria: You must have earned adequate income to cover the loan repayment.  
• Credit Score: You must have a good credit score, preferably 700 or higher.
• Nationality: You must be an Indian citizen, which applies to NRIs.