85 Lakh IndusInd Bank Home Loan

IndusInd Bank is one of India's most popular private banks, with a huge customer base. The bank provides various credit facilities to its customers, including home loans. The 85 Lakh home loan from IndusInd Bank is an attractive offering with competitive interest rates and other features. The quantum amount attracts customers planning to avail themselves of a higher amount for buying or building houses.

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Table of Content

1. 85 Lakh Home Loan IndusInd Bank Highlights

2. 85 Lakh Home Loan EMI for 5 years IndusInd Bank

3. 85 Lakh Home Loan EMI for 10 years IndusInd Bank

4. 85 Lakh Home Loan EMI for 15 years IndusInd Bank

5. 85 Lakh Home Loan EMI for 20 years IndusInd Bank

6. 85 Lakh Home Loan EMI for 25 years IndusInd Bank

7. 85 Lakh IndusInd Bank Home Loan Fees and Charges

8. 85 Lakh IndusInd Bank Home Loan Documents Required

9. 85 Lakh IndusInd Bank Home Loan Eligibility Criteria

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Thejus KS

A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.

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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.

85 Lakh Home Loan IndusInd Bank – Highlights

IndusInd Bank offers comprehensive home loan solutions with various attractive features. Here are the key highlights of the 85 Lakh Home Loan IndusInd Bank:

Feature	Details
LTV Ratio	75% to 90%
Maximum Loan Tenure	Up to 30 years
Interest Rate	Rates starting at 8.35% p.a.
Processing Fees	Up to 1% of loan amount

85 Lakh Home Loan EMI for 5 years IndusInd Bank

For a tenure of 5 years at an interest rate of 8.35% per annum, the EMI calculation is as follows:

Tenure	Monthly EMI	Total Amount Payable
5 Years	1,73,654	1,04,19,240

85 Lakh Home Loan EMI for 10 years IndusInd Bank

For a tenure of 10 years at an interest rate of 8.35% per annum, here are the EMI calculations:

Tenure	Monthly EMI	Total Amount Payable
10 Years	1,04,706	1,25,64,720

85 Lakh Home Loan EMI for 15 years IndusInd Bank

Here are the details of EMI payable for a tenure of 15 years at an interest rate of 8.35% per annum:

Tenure	Monthly EMI	Total Amount Payable
15 Years	83,550	1,50,39,000

85 Lakh Home Loan EMI for 20 years IndusInd Bank

Following are the EMI payable for a tenure of 20 years at an interest rate of 8.35% per annum:

Tenure	Monthly EMI	Total Amount Payable
20 Years	73,182	1,75,63,280

85 Lakh Home Loan EMI for 25 years IndusInd Bank

Here is how much you pay as EMI for a 25-year tenure with an interest rate of 8.35% per annum:

Tenure	Monthly EMI	Total Amount Payable
25 Years	67,713	2,03,13,760

85 Lakh IndusInd Bank Home Loan – Fees and Charges

The fees and charges associated with the 85 Lakh IndusInd Bank home loan are as follows:

Fee Type	Amount
Processing Fees	1% of the loan amount or ₹10,000, whichever is higher
Prepayment Charges	Nil
Late Payment Penalty	2% per month on overdue amount

85 Lakh IndusInd Bank Home Loan – Documents Required

The documents required for the 85 Lakh IndusInd Bank home loan application include:

Identity Proof
Address Proof
Income Proof (Salary Slip/IT Returns)
Bank Statements (Last 6 months)
Property Documents

85 Lakh IndusInd Bank Home Loan – Eligibility Criteria

The eligibility criteria for the 85 Lakh IndusInd Bank home loan include:

Minimum Age: 21 years
Maximum Age: 65 years at loan maturity
Stable source of income
Good credit score

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Frequently Asked Questions (FAQs)

What is the EMI for an 85-Lakh Home Loan for 20 years at IndusInd Bank?

The EMI for an ₹85 Lakh home loan for 20 years at an interest rate of 8.35% per annum is ₹73,182.

Who is eligible for an 85 Lakh Home loan in IndusInd Bank?

Individuals aged between 21 and 65 years, with a stable source of income and a good credit score, are eligible for an ₹85 Lakh home loan in IndusInd Bank.

What is the monthly interest rate of an 85 Lakh home loan in IndusInd Bank?

The monthly interest rate for an ₹85 Lakh home loan in IndusInd Bank is 0.696% (8.35% per annum).