Indusind Bank Home Loan for Salaried Person

Are you a salaried worker who dreams of becoming a homeowner? IndusInd Bank has a home loan program specifically designed for individuals like you, offering a convenient and accessible way to finance your journey towards homeownership. With various home loan products tailored to meet the diverse needs of salaried individuals, IndusInd Bank aims to provide financial solutions that cater to your housing needs. These loans come with competitive interest rates, flexible repayment options, and a simplified application process. Whether you're looking to purchase or construct your dream home or even renovate and extend your current home, IndusInd Bank has got you covered. Plus, they offer a quick turnaround time of just 3 days for loan approval.

IndusInd Bank Home Loan for Salaried Person – Highlights

Here are the highlights of the IndusInd Bank Home Loan for a Salaried Person in a concise tabular format:

IndusInd Bank Home Loan for Salaried Person – Fees and Charges

Here’s a list of fees and charges for IndusInd Bank Home Loan for Salaried Persons

IndusInd Bank Home Loan for Salaried Person – Documents Required

IndusInd Bank Home Loan documents for salaried persons are as follows:

• Application Form: Filled and signed home loan application form.
  
• Photographs: Recent passport-sized photographs of the applicant and co-applicant(s), if any.
  
• Identity Proof: PAN Card, Aadhaar Card, Passport, Driving License, or Voter ID Card.
  
• Residence Proof: Recent utility bills (electricity, water, gas), Aadhaar Card, Passport, or Voter ID Card.
  
• Salary Slips: Latest 3-6 months’ salary slips showing all deductions.
  
• Bank statements: Bank statements for the last 6 months of the salary account and any other active bank accounts.
• Form 16 or Income Tax Returns (ITR): Latest Form 16 and/ or Income Tax Returns for the last 2-3 years.
  
• Legal Documents: All legal documents related to the property, including the sale deed, agreement of sale, NOC from the builder or society, etc.
  
• Ownership Proof: Documents proving ownership of the property or the property’s title deeds.
  
• Approved Plan: Copy the approved plan and building permit (if applicable).

IndusInd Bank Home Loan for Salaried Person – Eligibility Criteria

The IndusInd Bank home loan eligibility for salaried persons is mentioned below:

• Both Indian residents and NRIs have the opportunity to apply for home loans from IndusInd Bank.
• Applicants must be at least 21 years old when applying for the loan to be eligible. The maximum age allowed for salaried individuals at loan maturity is 60. 
• It is important for applicants to be employed and have a stable job. Additionally, they should have at least 2-3 years of work experience, with at least 1 year at their current employer. 
• A good credit score is essential for loan approval as it reflects the borrower’s creditworthiness and repayment history. A credit score of 750 or higher is considered favourable for loan applications.