60 Lakh IndusInd Bank Home Loan

For an individual looking forward to building their own home or purchasing one, the Rs 60 Lakhs IndusInd Bank home loan can be an ideal choice. With quick and easy home loan processing, IndusInd Bank allows its applicants to transfer the remaining balance of their previous home loans to a lower interest rate. With flexible repayment tenure of up to 30 years and an attractive interest rate starting from only 8.35% per annum, EMIs are easily managed. Continue reading to understand why the IndusInd Bank home loan of  Rs 60 Lakhs is ideal for a home buyer and calculate the EMI for 10 and 20 years.

Rs 60 Lakhs Home Loan IndusInd Bank – Highlights

Check the interest rates for a home loan of 60 lakhs from IndusInd Bank and the other key factors:

Rs 60 Lakhs Home Loan EMI For 5 Years IndusInd Bank

The applicable EMI on a Rs 60 Lakh home loan for a tenure of 5 years is as follows:

Rs 60 Lakhs Home Loan EMI For 10 Years IndusInd Bank

The applicable EMI on a Rs 60 Lakh home loan EMI for a tenure of 10 years is as follows:

Rs 60 Lakhs Home Loan EMI For 15 Years IndusInd Bank

The applicable EMI on a Rs 60 Lakh home loan for a tenure of 15 years is as follows:

Rs 60 Lakhs Home Loan EMI For 20 Years IndusInd Bank

The applicable EMI on a Rs 60 Lakh home loan for a tenure of 20 years is as follows:

Rs 60 Lakhs Home Loan EMI For 25 Years IndusInd Bank

The applicable EMI on a Rs 60 Lakh home loan for a tenure of 25 years is as follows:

Rs 60 Lakhs IndusInd Bank Home Loan – Fees & Charges

The applicable fees & charges on a Rs 60 Lakh IndusInd Bank IndusInd Bank home loan are given below:

• Non-Refundable Loan Processing Charges: Up to 1% of the Loan Amount
• Foreclosure Charge: NIL (Floating rate)
• Part Pre-payment Charges: NIL (Floating rate)
• Bounce Charges (Cheque/SI/ECS/ACH etc.): Rs 750/- per instance
• Penal Charge (for non-payment within 3 days of Due date): 2% on total overdue (P+I) or Rs 100, whichever is higher
• Loan Cancellation Charges: Rs 1000/- 
• Non-compliance Charges: 1% incremental pricing over and above the existing spread 
• Legal/Repossession/Incidental Charges: At Actuals

Rs 60 Lakhs IndusInd Bank Home Loan Documents Required

Make sure you have the following documents if you wish to avail a Rs 60 Lakhs IndusInd Bank home loan:

• Application form with photograph
• Government-issued identity proof
• Latest Form 16/ITR copy/Appointment letter
• The latest 3 months’ salary slips / Salary Certificate
• The most recent 6 months’ bank statement of the PRIMARY CA/SA/CC/OD account
• Processing fee cheque

Rs 60 Lakhs IndusInd Bank Home Loan Eligibility Criteria

The following pointers depict the eligibility criteria for a 60 Lakh IndusInd Bank Home Loan:

• For salaried individuals working in government or reputed companies, the age eligibility ranges from 24 to 60, and a minimum of 3 years of work experience is required. 
• Self-employed professionals, such as doctors, engineers, chartered accountants (CA), and company secretaries (CS), must be between 24 and 70 years old and have at least 3 years of professional experience. 
• For self-employed non-professionals and individuals filing income tax returns (ITR), the age eligibility range is 24 to 65, and they also require a minimum of 3 years of work experience.