Indusind Bank Home Loan for Bank Employees

IndusInd Bank empowers its employees to achieve homeownership through a unique program. Offering competitive rates, reduced processing fees, and a streamlined application process, this scheme is a charm. Flexible repayment options, long loan tenures, and high loan amounts (subject to eligibility) make dream homes more attainable.

IndusInd Bank Home Loan for Bank Employees – Highlights

IndusInd Bank Home Loan for Bank Employees – Fees and Charges

IndusInd Bank Home Loan for Bank Employees – Documents Required

For IndusInd Bank employees applying for a home loan, the detailed documentation required would likely encompass the following:

• Duly filled and signed application form with recent passport-sized photographs of the applicants.
• Processing fee cheques from the employee’s salary or main operating account.
• A copy of the PAN card (mandatory if income is considered for loan eligibility) or Form 60 (if PAN is unavailable) is required.
• At least one identity proof (Passport, Driving License, Aadhaar Card with the first eight digits redacted, Voter ID, or NREGA Job Card).
• One residence proof from the same list as identity proof.
• Age proof (PAN Card, Passport, etc.), ensuring all details align with the bank’s policy.
• Office address proof for self-employed individuals, such as utility bills or registration certificates, is not directly applicable but relevant to understanding the comprehensive document requirements.
• Income documents and bank statements, including the last three months’ salary slips, Form 16/16A, and bank statements showing salary credits.
• For those with existing loans, a bank statement reflecting EMI clearance for the last six months and sanction letters/loan account statements.
• Signature verification proof, such as a login fee cheque from the salary account or a banker’s signature verification, is required in addition to the standard KYC documents.

IndusInd Bank Home Loan for Bank Employees – Eligibility Criteria

Eligibility for IndusInd Bank’s home loan for bank employees typically hinges on the criteria: 

• Permanent employment status with IndusInd Bank or any other bank.
• Minimum three years of service at the bank.
• Favourable credit history and credit score( somewhere around 750).
• Demonstrated ability to repay the loan, assessed through salary and financial commitments.