55 Lakh IndusInd Bank Home Loan

IndusInd Bank offers a 55 Lakh Home Loan to assist you in your home-buying journey. The IndusInd Bank’s 55 Lakh Home Loan has attractive interest rates, flexible repayment plans, and fast processing. The simple application process requires minimal documentation, and you can enjoy tax benefits. Achieve your dream of home ownership confidently, supported by IndusInd Bank's reliable and efficient home loan services. Don't wait—turn your dream home into a reality today with IndusInd Bank's 55 Lakh Home Loan!

Get in Touch for Home Loan Expert Advice

Connect with our Home Loan Advisor Now!

Personalized Home Loan solutions
Expert guidance
Application assistance
Credit score discussion
Home Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

You hereby consent to Urban Money being appointed as your authorised representative to receive your Credit Information from CIBIL for the purpose of Credit Risk Assessment. You hereby agree to terms and conditions.

Table of Content

1. 55 Lakh Home Loan IndusInd Bank Highlights

2. IndusInd Bank 55 Lakh Home Loan EMI for 5 25 Years

3. 55 Lakh IndusInd Bank Home Loan Fees and Charges

4. 55 Lakh IndusInd Bank Home Loan Documents Required

5. 55 Lakh 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.

55 Lakh Home Loan IndusInd Bank – Highlights

Let’s look at the salient features of the 55 Lakh Home Loan by IndusInd Bank:

Feature	Details
Loan Amount	Up to ₹2 Crore
Interest Rate	8.35%-9.49%
Loan Tenure	5 to 30 years
Processing Time	Turnaround time of 3 days
Processing Fees	NIL

IndusInd Bank 55 Lakh Home Loan EMI for 5 – 25 Years

The EMI varies based on the loan tenure for a 55 Lakh home loan with an 8.35% interest rate. Below is a table showing the EMI amounts for different tenures ranging from 5 to 25 years:

Loan Tenure (Years)	EMI Amount (₹)
5	₹1,11,302
10	₹68,236
15	₹54,034
20	₹47,383
25	₹43,836

55 Lakh IndusInd Bank Home Loan – Fees and Charges

When taking a 55 Lakh home loan from IndusInd Bank, it’s important to understand the associated fees and charges. Here’s a simplified breakdown:

Loan Processing Charges: Up to 1% of the loan amount (non-refundable)
Initial Money Deposit: Up to ₹2,500 (non-refundable)
Foreclosure Charge: NIL (Floating rate)
Part Pre-payment Charges: NIL (Floating rate)
Bounce Charges: ₹750 per instance (Cheque/SI/ECS/ACH etc.)

55 Lakh IndusInd Bank Home Loan – Documents Required

The documents required are as follows:

Completed application form with photograph

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

55 Lakh IndusInd Bank home loan – Eligibility Criteria

To qualify for a 55 Lakh home loan from IndusInd Bank, the following conditions must be met:

Salaried Individuals

Employment Sector: Government or well-known companies
Age Range: 24 to 60 years
Work Experience: At least 3 years

Self-Employed Professionals

Profession: Includes doctors, engineers, CAs, CSs
Age Range: 24 to 70 years
Work Experience: At least 3 years

Self-Employed Non-Professionals

Criteria: Must be filing ITR
Age Range: 24 to 65 years
Work Experience: At least 3 years

These criteria ensure applicants have a steady income and sufficient professional experience.

Loans

Bank Wise Home Loan Eligibility Calculator

Frequently Asked Questions (FAQs)

What is the EMI for a 55 lakh home loan from IndusInd Bank over 20 years?

For a 55 Lakh home loan with a 20-year tenure and an interest rate of 8.35%, the monthly EMI is roughly ₹47,383.

Who is qualified for a 55 lakh home loan from IndusInd Bank?

Salaried individuals between the ages of 24 and 60 working in government or reputable companies with at least 3 years of experience. And self-employed professionals, including doctors, engineers, CA, and CS, with at least three years of experience.

What is the monthly interest rate on a 55 lakh home loan with IndusInd Bank?

The monthly interest rate for a 55 lakh home loan is around 0.696%, with an annual interest rate of 8.35%.