70 Lakh IndusInd Bank Home Loan

IndusInd Bank offers home loans worth Rs 70 Lakhs to individuals looking forward to stepping into their dream homeownership journey. With interest rates starting at just 8.35% per annum, the EMIs that need to be paid are flexible and budget-friendly. With loan tenures of up to 30 years, the applicant can transfer the remaining balance of their previous home loans, if any, to their IndusInd Bank at a lower interest rate. The applicant who is seeking an IndusInd Bank 70 Lakhs home loan to take the first step into their dream homeownership can continue reading further to learn the applicable EMI, eligibility, and the essential documents required.

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Table of Content

1. Rs 70 Lakhs Home Loan IndusInd Bank Highlights

2. Rs 70 Lakhs Home Loan EMI For 5 Years IndusInd Bank

3. Rs 70 Lakhs Home Loan EMI For 10 Years IndusInd Bank

4. Rs 70 Lakhs Home Loan EMI For 15 Years IndusInd Bank

5. Rs 70 Lakhs Home Loan EMI For 20 Years IndusInd Bank

6. Rs 70 Lakhs Home Loan EMI For 25 Years IndusInd Bank

7. Rs 70 Lakhs IndusInd Bank Home Loan Fees & Charges

8. Rs 70 Lakhs IndusInd Bank Home Loan Documents Required

9. Rs 70 Lakhs IndusInd Bank Home Loan Eligibility Criteria

Written By

Satyam Sachdeva

Satyam has always been interested in saving money and realising its worth. He created a Demat account when he turned 18 and has been a keen equity and mutual fund investor. Currently, a writer for Urban Money, he uses his skills to guide his readers in the right direction. Satyam strives to make financial complexities easy for everyone to understand with a pinch of creative salt.

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.

Rs 70 Lakhs Home Loan IndusInd Bank – Highlights

Know the important details and highlights of the IndusInd Bank Rs 70 Lakhs home loan by referring to the table below:

Interest Rates	Attractive interest rates starting at 8.35% p.a. onwards
Loan Amount	A maximum of 80% of the property’s value
Loan Tenure	30 years
Eligibility	Salaried individuals, professionals, and non-professional self-employed persons

Rs 70 Lakhs Home Loan EMI For 5 Years IndusInd Bank

For a tenure of 5 years, check the applicable EMI on the Rs 70 Lakhs home loan from IndusInd Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹70 Lakh	8.35% p.a.	5 years	₹1,43,110	₹15,86,611	₹85,86,611

Rs 70 Lakhs Home Loan EMI For 10 Years IndusInd Bank

For a 10-year term, review the applicable EMI for the Rs 70 Lakhs home loan from IndusInd Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹70 Lakh	8.35% p.a.	10 years	₹86,229	₹33,47,531	₹1,03,47,531

Rs 70 Lakhs Home Loan EMI For 15 Years IndusInd Bank

For a 15-year tenure, check the EMI applicable to the Rs 70 Lakhs home loan from IndusInd Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹70 Lakh	8.35% p.a.	15 years	₹68,318	₹52,97,181	₹1,22,97,181

Rs 70 Lakhs Home Loan EMI For 20 Years IndusInd Bank

For a 20-year term, find the applicable EMI for the Rs 70 Lakhs home loan from IndusInd Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹70 Lakh	8.35% p.a.	20 years	₹60,085	₹74,20,330	₹1,44,20,330

Rs 70 Lakhs Home Loan EMI For 25 Years IndusInd Bank

For a 25-year tenure, determine the applicable EMI for the Rs 70 Lakhs home loan from IndusInd Bank:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹70 Lakh	8.35% p.a.	25 years	₹55,660	₹96,98,023	₹1,66,98,023

Rs 70 Lakhs IndusInd Bank Home Loan – Fees & Charges

The fees and charges of the Rs 70 Lakhs IndusInd Bank home loan are very straightforward.

Processing Charges can be a maximum of 1% of the loan amount. If anyone wants to pay upfront, the foreclosure charge is NIL for floating rates. The better part is that pre-payment charges are also NIL for floating rates. Bounce charges for cheque, SI, ECS, ACH, etc., are applicable at Rs 750 per instance.

Rs 70 Lakhs IndusInd Bank Home Loan – Documents Required

Ensure you have the necessary documents if you want to apply for a Rs 70 Lakhs IndusInd Bank home loan: a completed application form with a photograph, government-issued identity proof, the latest Form 16, ITR copy, or appointment letter, the latest three months’ salary slips or salary certificate, the most recent six months’ bank statement of your primary CA/SA/CC/OD account, and a processing fee cheque.

Rs 70 Lakhs IndusInd Bank Home Loan – Eligibility Criteria

Ensure you fit the eligibility criteria for a Rs 70 Lakhs IndusInd Bank home loan:

For salaried applicants

Age – 24 to 60 years
Minimum 3 years work experience

For Self-employed professionals (doctors, engineers, chartered accountants, company secretaries)

Age range: 24 to 70 years
Minimum of 3 years of professional experience

Self-employed non-professionals and individuals filing income tax returns (ITR)

Age range: 24 to 65 years
Minimum of 3 years of work experience

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Frequently Asked Questions (FAQs)

What is the EMI for a Rs 70 Lakhs home loan for 20 years in IndusInd Bank?

If you take out a Rs 70 lakh home loan from IndusInd Bank, your applicable EMI will be Rs 60,085.

Who is eligible for a Rs 70 Lakhs home loan in IndusInd Bank?

Salaried professionals, self-employed professionals, and self-employed non-professionals are eligible applicants for a Rs 70 lakh home loan from IndusInd Bank.

What is the monthly interest rate of a home loan of Rs 70 Lakh in IndusInd Bank?

The monthly interest rate of a Rs 70 Lakh home loan in IndusInd Bank is 0.69%.