15 Lakh IndusInd Bank Home Loan

IndusInd Bank is a trusted banking partner for Indian customers, offering various financial products, including home loans. A 15 lakh home loan from IndusInd Bank is a convenient option, providing competitive interest rates, flexible repayment terms, and minimal documentation. This loan can help you achieve your dream of owning a home without straining your finances.

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Table of Content

1. 15 Lakh Home Loan IndusInd Bank Highlights

2. 15 Lakh home loan EMI for 5 years IndusInd Bank

3. 15 Lakh home loan EMI for 10 years IndusInd Bank

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

5. 15 Lakh home loan EMI for 20 years IndusInd Bank

6. 15 Lakh home loan EMI for 25 years IndusInd Bank

7. 15 Lakh IndusInd Bank home loan Fees and Charges

8. 15 Lakh IndusInd Bank home loan Documents Required

9. 15 Lakh IndusInd Bank home loan Eligibility Criteria

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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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Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

15 Lakh Home Loan IndusInd Bank – Highlights

Here are the key highlights of the IndusInd Bank 15 Lakh home loan:

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 the loan amount

15 Lakh home loan EMI for 5 years IndusInd Bank

For a tenure of 5 years with an interest rate of 8.35% per annum:

Tenure	Monthly EMI	Total Amount Payable
5 Years	₹30,591	₹18,35,460

15 Lakh home loan EMI for 10 years IndusInd Bank

For a tenure of 10 years with an interest rate of 8.35% per annum:

Tenure	Monthly EMI	Total Amount Payable
10 Years	₹18,507	₹22,20,840

15 Lakh home loan EMI for 15 years IndusInd Bank

For a tenure of 15 years with an interest rate of 8.35% per annum:

Tenure	Monthly EMI	Total Amount Payable
15 Years	₹14,619	₹26,31,420

15 Lakh home loan EMI for 20 years IndusInd Bank

For a tenure of 15 years with an interest rate of 8.35% per annum:

Tenure	Monthly EMI	Total Amount Payable
20 Years	₹12,755	₹30,61,200

15 Lakh home loan EMI for 25 years IndusInd Bank

For a tenure of 25 years with an interest rate of 8.35% per annum:

Tenure	Monthly EMI	Total Amount Payable
25 Years	₹11,908	₹35,72,400

15 Lakh IndusInd Bank home loan – Fees and Charges

The fees and charges associated with a 15 lakh home loan from IndusInd Bank are as follows:

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

15 Lakh IndusInd Bank home loan – Documents Required

To apply for a 15 lakh home loan with IndusInd Bank, you will need the following documents:

Identity Proof: Aadhaar, Passport, etc.
Address Proof: Utility bills, rental agreement
Income Proof: Salary slips, IT returns
Property Documents: Sale deed, property tax receipts

15 Lakh IndusInd Bank home loan – Eligibility Criteria

To be eligible for a 15 lakh home loan from IndusInd Bank:

Age: 21 to 65 years.
Income: Stable and regular income. Minimum net monthly income as per bank norms.
Employment: At least 2 years with the current employer for salaried individuals; minimum 3 years in business for self-employed.
Credit Score: 700 and above.
Residency: Indian residents, including NRIs.
Property: Must be in an approved area and meet legal requirements.

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Frequently Asked Questions (FAQs)

What is the EMI for 15 Lakh Home Loan for 20 years in IndusInd Bank?

The EMI for a 15 lakh home loan for 20 years at an interest rate of 8.35% per annum is ₹12,755.

Who is eligible for a 15 Lakh Home loan in IndusInd Bank?

Salaried individuals with a stable income and employment history and self-employed individuals with a consistent business income are eligible.

What is the monthly interest rate of a 15 Lakh home loan in IndusInd Bank?

The monthly interest rate is approximately 0.696% (annual rate of 8.35% divided by 12 months).