80 Lakh Indian Bank Home Loan

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A flexible and easy approach to financing your ideal home is with Indian Bank's ₹80 Lakh Home Loan. This loan is designed to meet a range of financial demands, with a competitive interest rate starting at 8.40% and a repayment period of up to 30 years. It serves a wide range of applicants, including seniors, self-employed professionals, and salaried workers, and offers various repayment alternatives. This loan guarantees a simple route to homeownership with its low processing fees, clear eligibility requirements, and early repayment option without penalties.

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Table of Content

1. 80 Lakh Home Loan Indian Bank Highlights

2. 80 Lakh Home Loan EMI for 5 Years Indian Bank

3. 80 Lakh Home Loan EMI for 10 Years Indian Bank

4. 80 Lakh Home Loan EMI for 15 Years Indian Bank

5. 80 Lakh Home Loan EMI for 20 Years Indian Bank

6. 80 Lakh Home Loan EMI for 25 Years Indian Bank

7. 80 Lakh Indian Bank Home Loan Fees and Charges

8. 80 Lakh Indian Bank Home Loan Documents Required

9. 80 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.

₹80 Lakh Home Loan Indian Bank – Highlights

Here are Indian Bank’s home loan interest rates for ₹80 Lakhs, along with highlights:

Key Highlights	Details
Loan Amount	₹80 Lakhs
Interest Rate	8.40% to 9.80% per annum
Repayment Period	Up to 30 years
Eligibility	Salaried, Self-employed, Pensioners

₹80 Lakh Home Loan EMI for 5 Years Indian Bank

Indian Bank’s housing loan EMI for ₹80 Lakhs is mentioned below in detail:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹80 Lakhs	8.40% p.a.	5 years	₹1,63,747	₹18,24,817	₹98,24,817

₹80 Lakh Home Loan EMI for 10 Years Indian Bank

Here are the ₹80 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
₹80 Lakhs	8.40% p.a.	10 years	₹98,761	₹38,51,344	₹1,18,51,344

₹80 Lakh Home Loan EMI for 15 Years Indian Bank

For an amount of ₹80 Lakhs, the EMI for 15 years is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹80 Lakhs	8.40% p.a.	15 years	₹78,311	₹60,95,968	₹1,40,95,968

₹80 Lakh Home Loan EMI for 20 Years Indian Bank

₹80 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
₹80 Lakhs	8.40% p.a.	20 years	₹68,920	₹85,40,886	₹1,65,40,886

₹80 Lakh Home Loan EMI for 25 Years Indian Bank

Indian Bank’s home loan of ₹80 Lakhs EMI for 25 years is as follows:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total Amount Payment
₹80 Lakhs	8.40% p.a.	25 years	₹63,880	₹1,11,63,985	₹1,91,63,985

₹80 Lakh Indian Bank Home Loan – Fees and Charges

Here are the fees and charges for a ₹80 Lakh Indian Bank Home Loan:

Processing Fee:

Amount:	Nil
Benefit:	No upfront cost for loan processing

Margin:

Rate:	25%
Requirement:	Borrower contributes 25% of the property value

Insurance:

Policy:	Property must be insured by the borrower
Cost:	At the borrower’s expense

Security:

Type:	Mortgage of the property
Purpose:	Secures the loan amount

Prepayment Charges:

Floating Rate Loans:	No prepayment charges
Benefit:	Allows early repayment without extra cost

₹80 Lakh Indian Bank Home Loan – Documents Required

These are the documents required for ₹80 Lakh Indian Bank Home Loan:

Identity Proof : Options: Aadhaar Card, Passport, Voter ID, Driving Licence
Address Proof : Options: Utility Bill, Aadhaar Card, Passport, Voter ID

Income Proof

For Salaried Applicants:	Latest 3 months’ salary slips Form 16 Bank statements
For Self-Employed Applicants:	Income Tax Returns (ITR) for the last 3 years Business proof and bank statements

Property Documents

Sale deed

Allotment letter

No Objection Certificate (NOC) from the builder/society

Employment Proof

Employment certificate

Appointment letter (for salaried individuals)

Age Proof : Options: Birth certificate, Aadhaar Card, Passport
Photographs : Recent passport-size photographs

₹80 Lakh Indian Bank Home Loan – Eligibility Criteria

Here is the eligibility criteria to get a 80 Lakh Indian Bank Home Loan:

Age:

Minimum:	18 years at the time of loan application.
Maximum:	Depends on retirement age or age at loan maturity.

Employment Status:

Salaried:	Must be a regular employee of the Central/State Government, Public Sector Undertakings, or reputed private companies. Minimum work experience: 2 years.
Self-Employed/Businessmen:	Minimum business experience of 3 years.
Pensioners:	Must have a steady pension income that can service the loan.

Income Requirements:

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

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

Frequently Asked Questions (FAQs)

What is the EMI for a ₹80 Lakh Home Loan for 20 years in the Indian Bank?

The EMI ranges from ₹69,040 to ₹75,432, depending on the interest rate, which varies between 8.40% and 9.80%.

Who is eligible for a ₹80 Lakhs Home Loan in the Indian Bank?

Individuals aged 18 and above, including salaried, self-employed, businessmen, and pensioners, who meet the bank's income and work experience requirements.

What is the monthly interest rate of a ₹80 Lakh home loan in the Indian Bank?

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

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