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The IndusInd Bank 3 crore home loan is designed to help individuals achieve their dream of owning a luxurious home. Whether you're looking for a spacious villa, a modern apartment, or a premium residence in a prime location, this substantial loan amount provides the financial flexibility you need. The bank further offers attractive interest rates and customised repayment plans. These ultimately help you reduce the total repayment amount, making your loan EMI more affordable. Nevertheless, it is prudent to calculate the 3 crore home loan EMI with IndusInd Bank before you apply. This enables you to understand the monthly commitments associated with this loan and ensure it fits within your budget. Scroll down for more detailed insight.
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3 Crore Indusind Bank Home Loan – Highlights
Here are the IndusInd Bank home loan interest rate for 3 crore and other key parameters:
Interest Rates | Begins at 8.35% per annum |
Loan Amount | Up to 75% of the property value |
Loan Tenure | 30 years |
Eligibility | Available to both salaried and self-employed applicants |
3 Crore Indusind Bank Home Loan EMI for 5 Years
Here is the expected 3 crore 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 |
₹3 Crore | 8.35% p.a. | 5 years | ₹6,13,329 | ₹67,99,740 | ₹3,67,99,740 |
3 Crore Indusind Bank Home Loan EMI for 10 Years
Here is the expected 3 crore home loan EMI for 10 years from the IndusInd Bank:
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Total Interest Payable | Total Amount Payment |
₹3 Crore | 8.35% p.a. | 10 years | ₹3,69,555 | ₹1,43,46,600 | ₹4,43,46,600 |
3 Crore Indusind Bank Home Loan EMI for 15 Years
Here is the expected IndusInd Bank home loan of 3 crore EMI with a tenure of 15 years:
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Total Interest Payable | Total Amount Payment |
₹3 Crore | 8.35% p.a. | 15 years | ₹2,92,790 | ₹2,27,02,200 | ₹5,27,02,200 |
3 Crore Indusind Bank Home Loan EMI for 20 Years
Here is the expected 3 crore home loan EMI for 20 years from the IndusInd Bank:
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Total Interest Payable | Total Amount Payment |
₹3 Crore | 8.35% p.a. | 20 years | ₹2,57,506 | ₹3,18,01,440 | ₹6,18,01,440 |
3 Crore Indusind Bank Home Loan EMI for 25 Years
Here is the expected 3 crore 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 |
₹3 Crore | 8.35% p.a. | 25 years | ₹2,38,543 | ₹4,15,62,900 | ₹7,15,62,900 |
3 Crore Indusind Bank Home Loan – Fees and Charges
Besides the IndusInd Bank home loan interest rate of 3 crore, you should also be aware of the following fees and charges:
Fee/Charge | Amount |
Processing Fees | Up to 5% of the loan amount |
Foreclosure Charges | 2% to 5% of the prepayment amount |
Late Payment Penalty | 24% per annum on the default EMI |
Legal & Other Statutory Charges | As per actual |
3 Crore Indusind Bank Home Loan – Documents Required
Here are the required documents for an IndusInd Bank 3 crore home loan:
- Proof of Identity: Aadhar card, PAN card, passport, driving license, or voter ID.
- Proof of Income: Recent Form 16, income tax return, appointment letter, and salary slips from the past three months.
- Proof of Business: Both business and individual income tax returns (ITR) and CA-audited financial statements for the last two years (for self-employed individuals).
- Additional Documents: A completed application form, passport-sized photos, a cheque for the processing fee, and the last six months’ bank account statements.
3 Crore Indusind Bank Home Loan – Eligibility Criteria
Here are the 3 crore home loan eligibility in IndusInd Bank:
- Age: You must be between 24 and 70 years old.
- Income: You must have a stable source of income which is enough to cover the loan repayment amount.
- Work Experience: You must have at least three years of employment, or business continuity is required.
- Credit Score: You must have a strong repayment history and a favourable credit score, preferably 700 or higher.
- Nationality: You must be an Indian citizen.
Frequently Asked Questions (FAQs)
What is the EMI for a 3 crore home loan for 20 years at IndusInd Bank?
For a ₹3 crore home loan from IndusInd Bank with a 20-year tenure, the monthly EMI is ₹2,57,506 at an annual interest rate of 8.35%. It is also important to note that this EMI amount may vary slightly with changes in interest rates.
Who is eligible for a 3 crore Home loan in IndusInd Bank?
To qualify for a ₹3 crore home loan from IndusInd Bank, applicants must have at least 3 years of work experience or continuous business operations.
What is the monthly interest rate of a 3 crore home loan in IndusInd Bank?
The monthly interest rate for a 3 crore home loan from IndusInd Bank is 0.70%.
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