75 Lakh IndusInd Bank Home Loan

Looking to purchase a beautiful home? IndusInd Bank is here to help with a 75 Lakh Home Loan, turning your dream into reality. As a prominent private bank in India, IndusInd Bank excels in providing customer-oriented services and innovative financial solutions. The IndusInd Bank’s 75 lakh Home Loan offers competitive interest rates starting at 8.35%, flexible repayment options of up to 30 years, and quick monetary sanction. The application process is straightforward, with minimal documentation needed, and you can also benefit from tax advantages. Scroll down to learn more and transform your dream into reality with IndusInd Bank's 75 Lakh Home Loan!

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Table of Content

1. 75 Lakh Home Loan IndusInd Bank Highlights

2. IndusInd Bank 75 Lakh Home Loan EMI for 5 25 Years

3. 75 Lakh IndusInd Bank Home Loan Fees and Charges

4. 75 Lakh IndusInd Bank Home Loan Documents Required

5. 75 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

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

75 Lakh Home Loan IndusInd Bank – Highlights

Take a look at some of the important features of IndusInd Bank Home Loan 75 Lakh:

Feature	Details
Loan Amount	Up to ₹2 Crore
Interest Rate	8.35%-9.49%
Loan Tenure	Flexible tenure options ranging from 5 to 30 years
Processing Time	Quick processing with minimal documentation

IndusInd Bank 75 Lakh Home Loan EMI for 5 – 25 Years

EMI is the fixed monthly payment for repaying your home loan, including both principal and interest. The EMI will vary based on the loan tenure for a 75 Lakh home loan at an interest rate of 8.35%. Here’s a detailed table showing the EMI amounts for different loan tenures from 5 to 25 years:

Loan Tenure (Years)	EMI Amount (₹)
5	₹1,52,867
10	₹93,049
15	₹73,934
20	₹64,392
25	₹59,020

75 Lakh IndusInd Bank Home Loan – Fees and Charges

Understanding the fees and charges for a 75 Lakh home loan is crucial. Here’s a detailed breakdown:

Description	Charges
Loan Processing Charges	Up to 1% of the loan amount (non-refundable)
Initial Money Deposit	Up to ₹2,500 (non-refundable)
Bounce Charges	₹750 per instance (Cheque/SI/ECS/ACH etc.)
Loan Cancellation Charges	₹1,000 (plus franking/stamping norms as applicable)
Non-compliance Charges	1% incremental pricing over existing spread (plus taxes and any other applicable statutory dues)

75 Lakh IndusInd Bank Home Loan – Documents Required

Here are the basic documents required to apply for an IndusInd Bank 75 Lakh Home Loan.

Individuals

Completed application form with photograph
Valid proof of identity, residence, and signature
Income proof: Latest Form 16/ITR, appointment letter, and recent 3 months’ salary slips or salary certificate
Bank statement of the main account (CA/SA/CC/OD) for the last 6 months
Processing fee cheque

Non-Individuals

Income proof: Business and individual ITRs, audited financials for the last 2 years
Bank statement of the main account (CA/SA/CC/OD) for the last 6 months
Processing fee cheque

75 Lakh IndusInd Bank home loan – Eligibility Criteria

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

Category	Criteria	Age Range	Work Experience
Salaried Individuals	Government or reputed companies	24-60 years	Minimum of 3 years
Self-Employed Professionals	Doctors, engineers, CAs, CSs	24-70 years	Minimum of 3 years
Self-Employed Non-Professionals	Must be filing ITR	24-65 years	Minimum of 3 years

Loans

Bank Wise Home Loan Eligibility Calculator

Frequently Asked Questions (FAQs)

What is the EMI for a 75 Lakh Home Loan for 20 years in IndusInd Bank?

The EMI for a 75 Lakh home loan with a 20-year tenure at an interest rate of 8.35% is approximately ₹64,392 per month.

Who is eligible for a 75 Lakh Home loan in IndusInd Bank?

Salaried individuals aged 24 to 60 who work for the government or respected firms and have at least three years of experience. In addition, self-employed professionals with at least three years of experience, such as doctors, engineers, CA, and CS.

What is the monthly interest rate of a 75 Lakh home loan in IndusInd Bank?

The monthly interest rate is approximately 0.696%, based on an annual interest rate of 8.35%.