IndusInd Bank Home Loan Interest Rate is a crucial factor to consider when planning to buy a home. Typically, home loans are available for a tenure of 15 to 20 years, but IndusInd Bank offers a flexible repayment option with a maximum tenure of up to 30 years. This allows borrowers to select a tenure that aligns with their repayment capacity. Your monthly EMI is influenced by factors such as interest rate, loan tenure, and the sanctioned amount. While you have the flexibility to choose the tenure, the interest rate and loan amount depend on factors like property type, income, age, and credit history. 

IndusInd Bank Home Loan Interest Rates January 2025

Below is the table showing the rate of interest, tenure, and loan amount on an IndusInd Bank home loan -

IndusInd Bank Home Loan Benefits

Here are some of the benefits of the IndusInd Bank Home Loan -

• Wide Range of Home Loan Products: Offering a variety of home loan options to cater to different needs, whether for buying, constructing, or renovating a home.

• Doorstep Service with Fast and Easy Processing of Your Loan Application: Convenient loan application process with a dedicated representative who assists you right at your doorstep, ensuring quick approval and disbursal.

• Transparent and No Hidden Charges: All fees are clearly explained upfront with no hidden costs, ensuring you have a clear understanding of your loan obligations.

• Simplified Documentation: Minimal and easy-to-understand documentation is required, making the process hassle-free and less time-consuming.

• Attractive Home Loan Products: Competitive interest rates and flexible repayment options to make home loans more affordable and accessible for you.

• Balance Transfer Facility: Transfer your existing home loan to take advantage of lower interest rates or better terms, reducing your financial burden.

• Funding up to 30 Years of Tenure: Flexible repayment tenure of up to 30 years, allowing you to choose a monthly installment amount that fits your budget and long-term financial goals.

Eligibility Criteria For IndusInd Bank Home Loan

Here is the eligibility criteria for the home loan from IndusInd Bank -

Calculate EMI with the IndusInd Bank Home Loan Calculator

A home loan EMI calculator is a user-friendly tool that helps you estimate your monthly payments. It calculates your EMI based on key factors such as loan amount, tenure, and interest rate, providing a clear view of what your monthly repayment will be. You can easily use the Wishfin IndusInd Bank Home Loan EMI Calculator and have a rough idea.

In this example, we are taking a different EMI with a loan tenure of up to 30 years and a home loan of Rs. 25,00,000 with interest rates ranging from 8.35% to 9.75% annually.

How Can You Get the Lowest Rate of an IndusInd Bank Home Loan?

Home loans are significant financial commitments, often lasting 15 to 20 years. Therefore, opting for lower home loan interest rates from IndusIndBank is essential to minimize both your EMI and the total interest paid over time.

Here are some factors that can help you secure a lower interest rate. Take a look!

• Good Credit Score

A credit score reflects how well an individual manages debt and is a key factor in determining eligibility for a loan. IndusInd Bank’s home loan interest rates typically range from 8.35% to 9.75% p.a., and a higher credit score (750 or above) can help secure a lower rate compared to someone with a score below 650. Additionally, a good credit score can benefit you during a balance transfer, allowing you to access better rates when transferring your outstanding balance to IndusInd Bank.

• Higher Monthly Income

In addition to your credit score, your monthly income plays a key role in securing lower IndusInd Home Loan interest rates. A higher income, combined with fewer existing obligations, indicates greater repayment potential. This higher disposable income reassures the bank of your ability to repay the loan, increasing your chances of getting a lower interest rate.

• Make a Higher Down Payment

IndusInd Bank offers home loans covering 75% to 90% of your property’s value, with the remaining 10% to 25% as the down payment. To secure lower home loan interest rates, consider making a higher down payment. A larger down payment reduces the loan amount, which can lead to a lower interest rate from the bank.

Documentation Required for IndusInd Bank Home Loans

Here is the list of documents required for Indusind Bank Home loan for salaried and self-employed individuals - 

Other Rates and Charges IndusInd Bank Home loan

List of other rates and charges on Home loans by Indusind Bank -

Apply for IndusInd Bank Home Loans Online

Here are the simple steps to apply for IndusInd Bank Home Loan Online -

• Visit the official website of IndusInd Bank.

• Go to the “ Loan” area in the middle of the page.

• After hovering on it, you will find the home loan option. 

• After that, on the right-hand side, you can find the “Apply Now” option. 

• A window will pop up after clicking on it, where you have to fill in the form and the details asked. 

• Submit it and wait for the response. 

IndusInd Bank Home Loan Customer Care Number

Here are some of the ways through which you can contact IndusInd Bank Home Loan Customer Care -

Toll-free number:

• 1860 267 7777

Phone banking numbers: 

• +912261553100 or 022 4220 7777

You may write to:

• [email protected]

Summary!

Home loan interest rates from IndusInd Bank range from 8.35% to 9.75% annually, depending on criteria like income, down payment, and credit score. Lower interest rates can be obtained with a greater down payment, steady income with fewer debts, and a higher credit score (750+). Up to 90% of the property value can be financed by the bank, with variable repayment plans to accommodate different budgetary requirements.

FREQUENTLY ASKED QUESTION

1. What is the interest rate for a home loan in IndusInd Bank?

The ongoing interest rate of Indusind Bank home loans ranges from 8.35% to 9.75% annually. 

2. Is it possible to obtain a loan against property from IndusInd Bank?

Indeed, house loans secured by real estate are available from IndusInd Bank. It is available to you at competitive interest rates.

3. How much time does IndusInd Bank take to complete the Home loan?

IndusInd Bank states that home loan applications are processed within 3 days. However, the total processing time may vary based on the completion of document verification and the physical inspection of the property.

4. Does IndusInd Bank provide a transfer balance facility?

Yes, IndusInd Bank provides its clients with the ability to transfer their balances.