10 Lakh IndusInd Bank Home Loan

IndusInd Bank's 10 Lakh home loan is an affordable option for those looking to build or buy a home within budget. This loan offering caters to a wide range of customers with flexible tenure options and competitive interest rates. With a host of benefits, such as tax exemptions and insurance coverage, the IndusInd Bank home loan ensures your dream home is within reach. Here, we delve into the key aspects of this loan, including EMI calculations for various tenures, fees, charges, and eligibility criteria.

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Table of Content

1. 10 Lakh Home Loan IndusInd Bank Highlights

2. 10 Lakh home loan EMI for 5 years IndusInd Bank

3. 10 Lakh home loan EMI for 10 years IndusInd Bank

4. 10 Lakh home loan EMI for 15 years IndusInd Bank

5. 10 Lakh home loan EMI for 20 years IndusInd Bank

6. 10 Lakh home loan EMI for 25 years IndusInd Bank

7. 10 Lakh IndusInd Bank home loan Fees and Charges

8. 10 Lakh IndusInd Bank home loan Documents Required

9. 10 Lakh IndusInd Bank home loan Eligibility Criteria

Written By

Thejus KS

A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.

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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.

10 Lakh Home Loan IndusInd Bank – Highlights

Following are the highlights of the 10 Lakh Home Loan IndusInd Bank:

Feature	Details
LTV Ratio	75% to 90%
Maximum Loan Tenure	Up to 30 years
Interest Rate	Rates starting at 8.35% p.a.
Processing Fees	Up to 1% of loan amount

10 Lakh home loan EMI for 5 years IndusInd Bank

The EMI for a 5-year tenure with an interest rate of 8.35% per annum is calculated below:

Tenure	Monthly EMI	Total Amount Payable
5 Years	₹20,418	₹12,25,080

10 Lakh home loan EMI for 10 years IndusInd Bank

The EMI for a 10-year tenure with an interest rate of 8.35% per annum is calculated below:

Tenure	Monthly EMI	Total Amount Payable
10 years	₹12,387	₹14,86,440

10 Lakh home loan EMI for 15 years IndusInd Bank

The EMI for a 15-year tenure with an interest rate of 8.35% per annum is calculated below:

Tenure	Monthly EMI	Total Amount Payable
15 years	₹9,753	₹17,55,540

10 Lakh home loan EMI for 20 years IndusInd Bank

The EMI for a 20-year tenure with an interest rate of 8.35% per annum is calculated below:

Tenure	Monthly EMI	Total Amount Payable
20 years	₹8,617	₹20,68,080

10 Lakh home loan EMI for 25 years IndusInd Bank

The EMI for a 25-year tenure with an interest rate of 8.35% per annum is calculated below:

Tenure	Monthly EMI	Total Amount Payable
25 years	₹7,949	₹23,84,700

10 Lakh IndusInd Bank home loan – Fees and Charges

Here are the fees and charges associated with the IndusInd Bank 10 Lakh home loan:

Fee Type	Amount
Processing Fees	1% of loan amount or ₹10,000, whichever is higher
Prepayment Charges	Nil
Late Payment Penalty	2% per month on overdue amount

10 Lakh IndusInd Bank home loan – Documents Required

To qualify for the IndusInd Bank 10 Lakh home loan, applicants must submit the documents mentioned below:

Proof of Identity: Aadhaar, PAN card, Voter ID
Proof of Address: Utility bills, Rent agreement
Income Proof: Salary slips, IT returns
Property Documents: Sale deed, Title deed

10 Lakh IndusInd Bank home loan – Eligibility Criteria

Following are the eligibility criteria for qualifying for the IndusInd Bank 10 Lakh home loan:

Age: 21 to 60 years (salaried), 21 to 65 years (self-employed)
Income: Minimum ₹25,000 per month
Employment: Salaried or self-employed with a stable income
Credit Score: 700 or above

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Frequently Asked Questions (FAQs)

What is the EMI for a 10 Lakh Home Loan for 20 years in IndusInd Bank?

The EMI for a 10 Lakh home loan with a 20-year tenure at an interest rate of 8.35% per annum is ₹8,617.

Who is eligible for a 10 Lakh Home loan in IndusInd Bank?

Eligible individuals are individuals aged 21 to 60 (salaried) or 21 to 65 (self-employed) with a minimum monthly income of ₹25,000 and a credit score of 700 or above.

What is the monthly interest rate of a 10 Lakh home loan in IndusInd Bank?

The monthly interest rate for a 10 Lakh home loan in IndusInd Bank is approximately 0.696%.