Indian Bank Home Loan
Indian Bank Home Loan
Indian Bank Home Loan
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Indian Bank Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Indian Bank Home Loan Key Highlights
Loan Amount Up to 90% of the property value
Rate of Interest Starts at 8.60% per annum
Processing Fee 0.25% of the loan amount
Maximum Tenure for Repayment 30 years
Rate Packages Floater/ Fixed
Charges for Prepayment/Foreclosure Nil
Indian Bank Home Loan Interest Rates in 2026
Indian Bank, like any other bank or NBFC, earns its share of profit by offering home loans to eligible applicants by charging an interest rate on the loan amount. The table below highlights the current Housing Loan Indian Bank Interest Rates 2026:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Floater/ Fixed Plans (For Salaried) | Starts at 8.60% per annum |
| Floater/ Fixed Plans (For Self Employed) | Starts at 8.60% per annum |
Indian Bank Home Loan Eligibility Criteria
Indian Bank housing loan eligibility is based on age, nationality, employment status, and work experience. Apart from salaried and self-employed Indian Residents, the Indian Bank also offers excellent home loan schemes to NRIs. The table below enlists Indian Bank home loan eligibility criteria for your reference:
For Salaried Individuals
Age Range (in years)
18 - 70 Years
Nationality
Indian Resident/ NRIs
Minimum Income Earned
Minimum NTHP should be Rs. 50,000 per month for a home loan amount of Rs. 15 lakhs
For Self-Employed Individuals
Age Range (in years)
18 - 70 Years
Nationality
Indian Resident/ NRIs
Minimum Income Earned
Minimum NTHP should be Rs. 50,000 per month for a home loan amount of Rs. 15 lakhs
Indian Bank Home Loan Processing Fee and Charges
Indian Bank home loan processing fee is 0.25% of the loan amount sanctioned by the bank to the applicant. Through this processing fee, the bank recovers its cost for processing its home loan application. Besides the processing fee, the bank levies other charges on home loan applications. The table below enlists other fees and charges levied by the Indian Bank to those applying for home loans:
| Processing Fee | 0.25% of the loan amount Minimum: Rs. 25,000 Maximum: Rs. 5 lakhs |
| Charges of Cheque/ EMI Dishonour | Rs. 250 - Cheque amount of up to Rs. 1 lakh Rs. 500 - Cheque amount of Rs. 1 lakh - 1 crore Rs. 750 - Cheque amount > Rs. 1 crore |
| Prepayment/ Foreclosure Charges | Nil |
Indian Bank Home Loan Schemes and Top Plans
Indian Bank offers a variety of home loans to interested applicants. One can choose an IB home loan to buy, renovate, improve, or extend a home. Listed below are some popular offerings of Indian Bank Home Loans:
- Best home loan scheme to buy a home under construction, already built home, repairing or renovating an existing home, or improving it
- Loan amount to be based on the NTHP (Net Take Home Pay) criteria of the applicant
- Special concession on rate of interest for women applicants
- Maximum loan repayment tenure of up to 30 years
- Ideal for applicants who wish to buy a plot for constructing a home
- Permitted up to 36 times the gross monthly income
- Maximum EMIs up to 180
- Available to individuals as well as joint borrowers
- Flexible combo loan options such as personal loan, vehicle loan, pension loan along with home loan
- Low interest rates on home loans
- Ideal home loan scheme to buy a home, plot, extend an existing home, or repair or renovate an existing home
- Maximum loan amount exceeding Rs. 75 lakhs
- Maximum loan repayment tenure of up to 30 years
- Ideal for those who want additional financial help to meet their personal needs
- Minimum loan amount starting at Rs. 1 lakh
- Maximum loan repayment tenure of up to 15 years
- Ideal home loan scheme for resident Indians and NRI individuals keen to buy a home
- Loan amount ranging between Rs. 1 lakh to 10 lakhs
- Maximum loan repayment tenure of up to 10 years
- Best home loan scheme for those interested in improving their existing home with services like painting, carpentry, adding a solar panel, lighting fixtures, etc
- Available for existing home loan borrowers (Indian Residents/ NRIs)
- Maximum loan repayment period of up to 10 years
* Note: All of the above home loan plans are made available to applicants solely at the discretion of Indian Bank Home Loan, taking into consideration the earning and repayment capacity of the applicant.
Documents Required for Indian Bank Home Loan
You are advised to review the Indian Bank home loan documents required before applying for a home loan scheme. Both salaried and self-employed applicants need to submit certain KYC documents in general, and some documents vary in terms of their income and employment status.
| Proof of Income |
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| Other Required Documents |
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| Proof of Income |
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| Other Required Documents |
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| Identity & Address Proof |
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| Documents Related to Property |
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Apply Home Loan Through BASIC Home Loan
The procedure for Indian Bank home loan online apply is simple and can be done in the following manner:
Apply Now on the BASIC Website
Proceed to the 'APPLY NOW' section on the BASIC Home Loan website.
Enter Your Details and Submit
Fill in the form by entering your name, contact number, and other required details, and submit the form.
Our Expert Will Reach Out to You
A BASIC Home Loan team representative will connect with you shortly to assist you through the entire home loan application process.
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