20 Lakh IndusInd Bank Home Loan

A ₹20 lakh home loan from IndusInd Bank is an ideal solution for those looking to buy a new house, construct a property, or undertake significant home improvements. The bank provides competitive interest rates starting from 8.35%, easy eligibility criteria, and a hassle-free application process, ensuring a smooth and efficient experience for borrowers. Additionally, the bank's expert loan advisors are available to guide customers through the entire loan journey, from application to disbursal, ensuring transparency and customer satisfaction.

20 Lakh Home Loan IndusInd Bank – Highlights

IndusInd Bank presents a comprehensive home loan of up to ₹20 Lakh to help you achieve your dream home effortlessly. Here are the key features:

20 Lakh Home Loan EMI for 5 – 25 Years IndusInd Bank 

Here is the EMI calculation for a ₹20 Lakh home loan from IndusInd Bank at an interest rate of 8.35% per annum over different tenures ranging from 5 to 25 years:

20 Lakh IndusInd Bank home loan – Fees and Charges 

Here’s a detailed overview of the fees and charges for a 20 Lakh home loan from IndusInd Bank:

• Non-Refundable Loan Processing Charges: Up to 1% of the loan amount.
• Non-Refundable Initial Money Deposit: Up to ₹2,500.
• Foreclosure Charge: No charge for floating rate loans.
• Part Pre-payment Charges: No charge for floating rate loans.
• Bounce Charges (Cheque/SI/ECS/ACH, etc.): ₹750 per instance.
• Penal Charge (for non-payment within 3 days of the due date): 2% on the total overdue amount (Principal + Interest) or ₹100, whichever is higher.
• No Due Certificate / No Objection Certificate (NOC): No charge.
• Duplicate No Due Certificate / NOC / Re-issuance of FCL/LOD: No charge.
• Non-Refundable Stamping Charges: As per applicable state law.
• Swapping Charges (Cheque/SI/ECS/ACH, etc.): ₹500 per swap per instance.
• Duplicate Repayment Schedule Charges: No charge.
• List of Documents (LOD): No charge.
• Document Copy Charges: ₹500 for providing a copy of property documents.
• Collection Charges (Local as per municipal/city limits): No charge.
• Repricing Charges: Up to 0.50% of the principal outstanding (minimum ₹5,000).
• Swap of Property/Collateral: No charge.
• Rebooking of Loans (due to change in property/collateral): No charge if within 6 months.
• Loan Cancellation Charges: ₹1,000 (plus franking/stamping norms as applicable).
• Non-compliance Charges: 1% incremental pricing over existing spread (plus taxes and other applicable statutory dues).
• Legal/Repossession/Incidental Charges: Charged at actuals.
• GST and Other Taxes: Applicable as per the prevailing rate.

20 Lakh IndusInd Bank home loan – Documents Required 

For a 30 Lakh home loan from IndusInd Bank, here are the necessary documents:

20 Lakh IndusInd Bank home loan – Eligibility Criteria

To qualify for a 20 Lakh home loan from IndusInd Bank, the following eligibility criteria must be met: