90 Lakh IndusInd Bank Home Loan

The IndusInd Bank 90 lakh home loan offers an outstanding financing solution for prospective homeowners. The bank provides top-notch interest rates and dedicated support from the beginning, ensuring a smooth and beneficial experience for all eligible applicants. Borrowers can enjoy reduced processing fees, personalised repayment plans, moderate eligibility criteria, and fast loan approval. Moreover, digital banking simplifies the application process, enabling you to manage your loan anywhere, anytime, reducing paperwork, hassle, and time.

However, it is advisable to clearly understand the 90 lakh home loan EMI with IndusInd Bank before initiating your loan application. This will help you better plan and manage your budget, avoiding unnecessary financial strain on your repayment journey. Let’s scroll down to learn more!

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Written By
Hepson Franklin
Hepson Franklin
Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.
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Amit Prakash Singh
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.

90 Lakh Home Loan IndusInd Bank – Highlights

Below are the IndusInd Bank home loan interest rate for 90 lakh and other key features:

Interest Rates 8.35% per annum onwards  
Loan Amount Up to 75% of the property price  
Loan Tenure 30 years
Eligibility Salaried or self-employed individuals   

90 Lakh Home Loan EMI for 5 Years IndusInd Bank

Below is the estimated 90 lakh home loan EMI in IndusInd Bank with a tenure of 5 years:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total Amount Payment
₹90 Lakh 8.35% p.a. 5 years ₹1,83,999 ₹20,39,940 ₹1,10,39,940

90 Lakh Home Loan EMI for 10 Years IndusInd Bank 

Below is the estimated 90 lakh home loan EMI for 10 years from the IndusInd Bank:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total Amount Payment
₹90 Lakh 8.35% p.a. 10 years ₹1,10,866 ₹43,03,920 ₹1,33,03,920

90 Lakh Home Loan EMI for 15 Years IndusInd Bank

Below is the estimated IndusInd Bank home loan of 90 lakhs EMI with a tenure of 15 years:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total Amount Payment
₹90 Lakh 8.35% p.a. 15 years ₹87,837 ₹68,10,660 ₹1,58,10,660

90 Lakh Home Loan EMI for 20 Years IndusInd Bank 

Below is the estimated 90 lakh home loan EMI for 20 years from the IndusInd Bank:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total Amount Payment
₹90 Lakh 8.35% p.a. 20 years ₹77,252 ₹95,40,480 ₹1,85,40,480

90 Lakh Home Loan EMI for 25 Years IndusInd Bank 

Below is the estimated 90 lakh home loan EMI in IndusInd Bank with a tenure of 25 years:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total Amount Payment
₹90 Lakh 8.35% p.a. 25 years ₹71,563 ₹1,24,68,900 ₹2,14,68,900

90 Lakh IndusInd Bank Home Loan – Fees and Charges 

Below are the fees and charges you should know besides the IndusInd Bank home loan interest rate of 90 lakhs:

Fee/Charge Amount
Processing Fees Up to 5% of the loan amount
Prepayment Charges  2% to 5% of the outstanding principal amount
Penal Interest Charges  24% per annum on the overdue amount 
Legal & Other Statutory Charges As per actual

90 Lakh IndusInd Bank Home Loan – Documents Required 

Below are the applicable documents for an IndusInd Bank 90 lakh home loan:

  • Identity Proof: Aadhar card, PAN card, passport, driving license, or voter ID.
  • Income Proof: Form 16, income tax return, appointment letter, and salary slip.
  • Business Proof: Last 2-year business and individual income tax returns and CA-audited financial statements(if self-employed individuals).
  • Additional Documents: A completed application form, a cheque for the processing fee, passport-sized photographs, and bank account statements for the last 6 months.

90 Lakh IndusInd Bank Home Loan – Eligibility Criteria 

Below are the 90 lakh home loan eligibility in IndusInd Bank:

  • Age Requirement: You should be aged between 24 and 70 years old.
  • Income Criteria: You should have a stable income source sufficient to cover loan EMIs.
  • Work Experience: You should have at least 3 years of continuous employment or business operation.
  • Credit Score: You should have a good repayment history and a strong credit score, typically 700 or above.
  • Nationality: You should be an Indian citizen.

Frequently Asked Questions (FAQs)

What is the EMI for a 90 lakh home loan for 20 years at IndusInd Bank?

The EMI for a ₹90 lakh home loan from IndusInd Bank for 20 years is ₹77,252 per month at an annual interest rate of 8.35%.

Who is eligible for a 90 lakh Home loan in IndusInd Bank?

IndusInd Bank provides a ₹90 lakh home loan to salaried and self-employed individuals, requiring a minimum of 3 years of employment experience or business continuity.

What is the monthly interest rate of a 90 lakh home loan in IndusInd Bank?

IndusInd Bank offers a monthly interest rate of 0.70% for a home loan of ₹90 lakh.

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