2 Crore IndusInd Bank Home Loan

IndusInd Bank home loan of 2 Crore provides competitive interest rates, flexible repayment options, and quick processing. The bank provides a simple application process with little documentation. You also profit from tax benefits on your house loan. Step into your dream house with ease and confidence, knowing that IndusInd Bank is beside you every step of the way. Don't let your ideal home stay a dream; turn it into a reality with IndusInd Bank's 2 Crore Home Loan today!

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Table of Content

1. 2 Crore Home Loan IndusInd Bank Highlights

2. 2 Crore Home Loan EMI for 5 25 Years IndusInd Bank

3. 2 Crore IndusInd Bank Home Loan Fees and Charges

4. 2 Crore IndusInd Bank Home Loan Documents Required

5. 2 Crore IndusInd Bank home loan Eligibility Criteria

Written By

Utsah Sharma

Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.

Reviewed By

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.

2 Crore Home Loan IndusInd Bank – Highlights

IndusInd Bank offers a comprehensive 2 Crore Home Loan designed to help you secure your dream home with ease. Here are the key highlights of this home loan:

Feature	Details
Loan Amount	Up to ₹2 Crore
Interest Rate	8.35%-9.49%
Processing Fees	There is no processing fee
Tenure	Depending on eligibility. Can range from 5 to 30 years

2 Crore Home Loan EMI for 5 – 25 Years IndusInd Bank

The EMI will vary depending on the loan tenure for a 2 Crore home loan at an interest rate of 8.35%. The detailed table below shows the EMI amounts for different loan tenures ranging from 5 to 25 years. This table helps you understand the monthly financial commitment for various loan tenures. Choose a tenure that best fits your financial planning.

Loan Tenure (Years)	EMI Amount (₹)
5	₹40,7646
10	₹2,48,132
15	₹1,96,492
20	₹1,72,378
25	₹1,59,388

2 Crore IndusInd Bank Home Loan – Fees and Charges

Understanding the fees and charges associated with a 2 Crore Home Loan from IndusInd Bank is essential. Here’s a simplified breakdown:

Description	Charges
Non-Refundable Loan Processing Charges	Up to 1% of the Loan Amount
Non-Refundable Initial Money Deposit	Up to ₹2,500
Foreclosure Charge	NIL (Floating rate)
Part Pre-payment Charges	NIL (Floating rate)
Bounce Charges (Cheque/SI/ECS/ACH etc.)	₹750 per instance
Penal Charge (for non-payment within 3 days of due date)	2% on total overdue (P+I) or ₹100, whichever is higher
No Due Certificate / No Objection Certificate (NOC)	NIL
Duplicate No Due Certificate / NOC / Re-issuance FCL/LOD	NIL

2 Crore IndusInd Bank Home Loan – Documents Required

For a 2 Crore home loan from IndusInd Bank, the required documents are as follows:

Proof of Identity, Residence, and Signature: Valid documentation
Income Proof: Latest Form 16/ITR, appointment letter, and recent 3 months’ salary slips or salary certificate
Bank Statement: Main account (CA/SA/CC/OD) statement for the last 6 months
Processing Fee Cheque

2 Crore IndusInd Bank home loan – Eligibility Criteria

To be eligible for a 2 Crore home loan from IndusInd Bank, specific criteria must be met by different categories of applicants. For salaried individuals employed in government or reputed companies, the applicant must be between the ages of 24 and 60 and have a minimum of 3 years of professional experience. Self-employed professionals, such as doctors, engineers, chartered accountants (CA), and company secretaries (CS), are eligible if they are aged between 24 and 70 years and have at least 3 years of experience in their respective professions. Additionally, self-employed non-professionals who file income tax returns (ITR) must be between 24 and 65 years old and have at least 3 years of experience. These criteria ensure that applicants have a stable income and sufficient experience in their respective fields, enhancing their credibility and repayment capacity.

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Frequently Asked Questions (FAQs)

What is the EMI for a 2 Crore Home Loan for 20 years in IndusInd Bank?

For a 20-year home loan of ₹2 crore at an 8.35% interest rate, the monthly EMI is around ₹1,72,378.

Who is eligible for a 2 Crore Home Loan in IndusInd Bank?

Salaried individuals (age 24-60) with 3 years of experience in government or reputed companies, self-employed professionals (age 24-70), or non-professionals (age 24-65) with 3 years of experience and filing ITR are eligible.

What is the monthly interest rate of a 2 Crore home loan in IndusInd Bank?

The monthly interest rate for a 2 crore home loan is computed using an annual interest rate of 8.35%.