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The 25 lakh home loan EMI from IndusInd Bank may start from ₹18,958. It can also vary based on your chosen loan tenure and the applicable interest rates. Namely, the IndusInd Bank 25 lakh home loan features a loan tenure of up to 30 years, and the interest rates start as low as 8.35% per annum. To help you determine whether this loan fits your budget, Urban Money offers a detailed overview of IndusInd Bank housing loan EMI for 25 lakh. We further detail 25 lakh home loan eligibility in IndusInd Bank, required documents, and associated fees, empowering you to make a more informed decision. Keep reading down to learn more.
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25 Lakh Home Loan IndusInd Bank – Highlights
Here are the IndusInd Bank home loan interest rate for 25 lakh and other key parameters:
Interest Rates | 8.35% to 9.45% per annum |
Loan Amount | Up to 90% of the property price |
Loan Tenure | 30 years or 70 years old, whichever comes earlier |
Eligibility | Both salaried and self-employed individuals |
25 Lakh Home Loan EMI for 5 Years IndusInd Bank
Here is the estimated 25 lakh home loan EMI in IndusInd Bank with a tenure of 5 years:
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Total Interest Payable | Total Amount Payment |
₹25 Lakh | 8.35% p.a. | 5 years | ₹51,111 | ₹5,66,660 | ₹30,66,660 |
25 Lakh Home Loan EMI for 10 Years Indusind Bank
Here is the estimated 25 lakh home loan EMI for 10 years from the IndusInd Bank:
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Total Interest Payable | Total Amount Payment |
₹25 Lakh | 8.35% p.a. | 10 years | ₹30,796 | ₹11,95,520 | ₹36,95,520 |
25 Lakh Home Loan EMI for 15 Years Indusind Bank
Here is the estimated IndusInd Bank home loan of 25 lakh EMI with a tenure of 15 years:
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Total Interest Payable | Total Amount Payment |
₹25 Lakh | 8.35% p.a. | 15 years | ₹24,399 | ₹18,91,820 | ₹18,91,820 |
25 Lakh Home Loan EMI for 20 Years Indusind Bank
Here is the estimated 25 lakh home loan EMI for 20 years from the IndusInd Bank:
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Total Interest Payable | Total Amount Payment |
₹25 Lakh | 8.35% p.a. | 20 years | ₹21,459 | ₹26,50,160 | ₹51,50,160 |
25 Lakh Home Loan EMI for 25 Years Indusind Bank
Here is the estimated 25 lakh home loan EMI in IndusInd Bank with a tenure of 25 years:
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Total Interest Payable | Total Amount Payment |
₹25 Lakh | 8.35% p.a. | 25 years | ₹19,879 | ₹34,63,700 | ₹59,63,700 |
25 Lakh IndusInd Bank Home Loan – Fees and Charges
Here are the fees and charges you should be aware of in addition to the IndusInd Bank home loan interest rate of 25 lakhs:
Fee/Charge | Amount |
Processing fees | Up to 5% of the loan amount |
Prepayment charges | 2% to 5% of the outstanding principal amount |
Late payment penalty | 24% per annum on the overdue amount |
Legal & other statutory charges | As per actual |
25 Lakh IndusInd Bank Home Loan – Documents Required
Here is the expected documentation for an IndusInd Bank 25 lakh home loan:
- KYC Documents: Aadhar card, PAN card, passport, driving license, or election ID.
- Financial Documents: Latest Form 16, income tax report, appointment letter, and the past three months’ salary slips.
- Business Documents: Both business and individual income tax returns (ITR) and CA-audited financials from the last two years (applicable to self-employed individuals).
- Additional Documents: Completed application form, passport-sized photographs, a cheque for processing fee, and last 6-month bank account statement.
25 Lakh IndusInd Bank Home Loan – Eligibility Criteria
Here is the 25 lakh home loan eligibility in IndusInd Bank:
- Age Requirement: You should be aged between 24 and 70 years old.
- Income Criteria: You should have a regular source of income to cover the loan payment.
- Work Experience: You should have at least 3 years of employment experience or business continuity.
- Credit Score: You should have a good repayment history and a positive credit score.
- Nationality: You should be an Indian citizen.
Frequently Asked Questions (FAQs)
What is the EMI for a 25 lakh home loan for 20 years at IndusInd Bank?
The EMI for a home loan of ₹25 lakh from IndusInd Bank, with a tenure of 20 years, amounts to ₹21,459 per month. This calculation is based on an annual base interest rate of 8.35%, and the EMI mentioned above may vary slightly as the interest rates change.
Who is eligible for a 25 lakh Home loan in IndusInd Bank?
The ₹25 lakh home loan from IndusInd Bank is available to salaried and self-employed individuals, requiring a minimum of 3 years of employment experience or business continuity.
What is the monthly interest rate of a 25 lakh home loan in IndusInd Bank?
The monthly interest rate for a 25 lakh home loan from IndusInd Bank is 0.70%.
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