1 Crore IndusInd Bank Home Loan

IndusInd Bank offers a Rs 1 Crore home loan with competitive interest rates starting from 8.35% annually. The repayment tenure can be extended to 30 years, allowing flexible EMIs and the applicant can shift the remaining balance of their existing home loans, if applicable, to IndusInd Bank for a lower interest rate. With the instant funds disbursal of the IndusInd Bank Rs 1 crore home loan, purchasing a home is no longer a hassle. Continue reading to learn more about the key details, including the eligibility and documents required for the IndusInd Bank Rs 1 crore home loan and why it is an ideal home loan option for you.

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Table of Content

1. Rs 1 Crore Home Loan IndusInd Bank Highlights

2. Rs 1 Crore Home Loan EMI For 5 Years IndusInd Bank

3. Rs 1 Crore Home Loan EMI For 10 Years IndusInd Bank

4. Rs 1 Crore Home Loan EMI For 15 Years IndusInd Bank

5. Rs 1 Crore Home Loan EMI For 20 Years IndusInd Bank

6. Rs 1 Crore Home Loan EMI For 25 Years IndusInd Bank

7. Rs 1 Crore IndusInd Bank Home Loan Fees & Charges

8. Rs 1 Crore IndusInd Bank Documents Required

9. Rs 1 Crore IndusInd Bank Home Loan Eligibility Criteria

Written By

Satyam Sachdeva

Satyam has always been interested in saving money and realising its worth. He created a Demat account when he turned 18 and has been a keen equity and mutual fund investor. Currently, a writer for Urban Money, he uses his skills to guide his readers in the right direction. Satyam strives to make financial complexities easy for everyone to understand with a pinch of creative salt.

Reviewed By

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.

Rs 1 Crore Home Loan IndusInd Bank – Highlights

The table showcases the important key features of the IndusInd Bank Rs 1 crore home loan:

Interest Rates	Starting at 8.35% p.a.
Loan Amount	Applicants can avail up to 80% of the property’s value
Loan Tenure	Repayment tenure can be extended to 30 years
Eligibility	Salaried individuals, professionals, and non-professional self-employed persons are eligible.

Rs 1 Crore Home Loan EMI For 5 Years IndusInd Bank

Check applicable EMI on the Rs 1 crore home loan from IndusInd Bank for a tenure of 5 years:

Loan Amount: ₹1 crore
Interest Rate: 8.35% per annum
Loan Tenure: 5 years
EMI Amount: ₹2,04,443
Total Interest Payable: ₹22,66,588
Total Payment Amount: ₹1,22,66,588

Rs 1 Crore Home Loan EMI For 10 Years IndusInd Bank

The applicable EMI on the Rs 1 crore home loan from IndusInd Bank for a tenure of 10 years is as follows:

Loan Amount: ₹1 crore
Interest Rate: 8.35% per annum
Loan Tenure: 10 years
EMI Amount: ₹1,23,185
Total Interest Payable: ₹47,82,187
Total Payment Amount: ₹1,47,82,187

Rs 1 Crore Home Loan EMI For 15 Years IndusInd Bank

The EMI for the ₹1 crore home loan from IndusInd Bank, with a tenure of 15 years, is given below:

Loan Amount: ₹1 crore
Interest Rate: 8.35% per annum
Loan Tenure: 15 years
EMI Amount: ₹97,597
Total Interest Payable: ₹75,67,402
Total Payment Amount: ₹1,75,67,402

Rs 1 Crore Home Loan EMI For 20 Years IndusInd Bank

Below is the EMI for the ₹1 crore home loan from IndusInd Bank, with a tenure of 20 years:

Loan Amount: ₹1 crore
Interest Rate: 8.35% per annum
Loan Tenure: 20 years
EMI Amount: ₹85,835
Total Interest Payable: ₹1,06,00,471
Total Payment Amount: ₹2,06,00,471

Rs 1 Crore Home Loan EMI For 25 Years IndusInd Bank

Here is the EMI for the ₹1 crore home loan from IndusInd Bank, with a 25-year tenure:

Loan Amount: ₹1 crore
Interest Rate: 8.35% per annum
Loan Tenure: 25 years
EMI Amount: ₹79,514
Total Interest Payable: ₹1,38,54,318
Total Payment Amount: ₹2,38,54,318

Rs 1 Crore IndusInd Bank Home Loan – Fees & Charges

The fees and charges for the ₹1 crore IndusInd Bank home loan are simple.

Processing Fees: 1% of the loan amount.
Foreclosure charges: NIL for floating rates.
Bounce charges: ₹750 per instance.
Penal charges: 2% of the total overdue (principal + interest) or ₹100, whichever is higher.
Cancellation: ₹1000.

Rs 1 Crore IndusInd Bank Documents Required

Make sure you have the required documents for a ₹1 crore IndusInd Bank home loan application:

Government-issued identity proof
Latest Form 16, ITR copy, or appointment letter
salary slips or salary certificate for the last 3 months
Bank statement of your primary CA/SA/CC/OD account for the last 6 months

Rs 1 Crore IndusInd Bank Home Loan – Eligibility Criteria

Ensure you fulfil the eligibility criteria for a ₹1 crore IndusInd Bank home loan:

For salaried individuals, the age range is 24 to 60, with at least 3 years of work experience. Self-employed professionals, including doctors, engineers, chartered accountants, and company secretaries, should be between 24 and 70, with a minimum of 3 years of professional experience. Self-employed non-professionals and individuals filing income tax returns (ITR) should be between 24 and 65 years old and have at least 3 years of work experience.

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Frequently Asked Questions (FAQs)

What is the EMI for a Rs 1 crore home loan for 20 years at IndusInd Bank?

Rs 85,835 is the applicable EMI if you avail of a Rs 1 crore home loan from IndusInd Bank at an interest rate of 8.35% per annum.

Who is eligible for Rs 1 crore IndusInd Bank home loan?

Salaried professionals, self-employed professionals, and self-employed non-professionals can apply for a Rs 1 crore home loan from IndusInd Bank.

What is the monthly interest rate of a Rs 1 crore home loan at IndusInd Bank?

The approximate monthly interest rate will be 0.69% if you take out a Rs 1 crore IndusInd Bank home loan.