Indian Bank Home Loan - Latest Interest Rates, EMI, Eligibility, Documents

Indian Bank Home Loan - Latest Interest Rates, EMI, Eligibility, Documents

Jun 18, 2024

15 Mins

Indian Bank offers home loans at competitive interest rates with flexible repayment options. The bank provides home loans for various purposes such as purchase or construction of a new house, plot purchase, home improvement, and repair or renovation of an existing house.

The interest rates for Indian Bank home loans start from 8.40% p.a. and can go up to 10.30% p.a. The loan tenure can be up to 30 years, allowing borrowers to choose a comfortable repayment period.

The loan amount that can be availed from Indian Bank can be up to 90% of the property's value. The bank also offers overdraft facilities through its IB Home Advantage scheme, which allows borrowers to deposit surplus amounts in a linked overdraft account and withdraw money as per their requirements within a pre-determined limit.

To apply for a home loan from Indian Bank, borrowers need to meet the eligibility criteria, which include having a regular source of income and a minimum experience of 3 years. The bank also offers home loans to NRI applicants.

To calculate the EMI for an Indian Bank home loan, borrowers can use the online EMI calculator available on the bank's website. This tool helps borrowers get an estimate of their monthly EMI payments based on the loan amount, interest rate, and tenure.

In addition to home loans, Indian Bank also offers other types of loans such as personal loans, business loans, and loan against property. The bank provides a wide range of banking services and products, including credit cards, savings accounts, fixed deposits, and more.

Overall, Indian Bank is a reliable and customer-focused bank that provides affordable and flexible home loan solutions to meet the diverse needs of borrowers.

Indian Bank offers home loans at competitive interest rates with flexible repayment options. The bank provides home loans for various purposes such as purchase or construction of a new house, plot purchase, home improvement, and repair or renovation of an existing house.

The interest rates for Indian Bank home loans start from 8.40% p.a. and can go up to 10.30% p.a. The loan tenure can be up to 30 years, allowing borrowers to choose a comfortable repayment period.

The loan amount that can be availed from Indian Bank can be up to 90% of the property's value. The bank also offers overdraft facilities through its IB Home Advantage scheme, which allows borrowers to deposit surplus amounts in a linked overdraft account and withdraw money as per their requirements within a pre-determined limit.

To apply for a home loan from Indian Bank, borrowers need to meet the eligibility criteria, which include having a regular source of income and a minimum experience of 3 years. The bank also offers home loans to NRI applicants.

To calculate the EMI for an Indian Bank home loan, borrowers can use the online EMI calculator available on the bank's website. This tool helps borrowers get an estimate of their monthly EMI payments based on the loan amount, interest rate, and tenure.

In addition to home loans, Indian Bank also offers other types of loans such as personal loans, business loans, and loan against property. The bank provides a wide range of banking services and products, including credit cards, savings accounts, fixed deposits, and more.

Overall, Indian Bank is a reliable and customer-focused bank that provides affordable and flexible home loan solutions to meet the diverse needs of borrowers.

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