Indusind Bank

Indusind Bank

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating Rate of Interest : 9.75 % to 14 % p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 1 years to 15 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing  Fee 2%  depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about Indusind Bank

Indusind Bank is a constantly growing bank like as medium sized bank. It provides a range of products such as savings, current, home loan, personal loan, loan against property etc. This loan from Indusind bank has a wide range of uses because the loans are issued for different purposes.Indusind Bank offers Loan against property for personal or business needs at very lowest interest rate, at very lowest processing fee, and tenure of up to 15 years. Indusind bank loan against property offers exclusive features that compliment your business model, with maximum eligibility, market valuation of properties & multiple assessment criteria which ensure the bank meets your loan expectation

Your Eligibility depends on following


You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Minimum income required Rs.25,000 per month
EMIs of other loans lower your eligibility
Pay off your credit card bills
Choose longer tenure loan up to 15 years

Rate of Interest and Other Charges for Loan Against Property are following

Rate Of Interest:

Sno.

Bank ROI

1

Min

Max

Average

2

9.75%

14%

11.20%

Existing Loan take over or New Loan

Here are some point s for understand this why it is so important:

  • Hassle free and easy documentation.
  • Fast approvals.
  • Multiple assessment criteria.
  • Competitive interest rate with maximum loan approval.
  • Balance Transfer at a lower rate.
  • Market valuation of properties.

Features of Loan

Features and Benefits of Indusind Bank Loan Against Property:

  • Maximum loan eligibility at attractive interest rates
  • Takeover of Existing loan with additional finance
  • Loan for purchase of commercial property
  • Door step service, easy documentation & speedy approval
  • Loan against Residential or Commercial properties

 Documents required for Indusind bank Loan against Property

The following documents are required for HDFC Loan against property:

For Salaried Individuals:

  • Proof of Residence(any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voter’s ID Card
  • Proof Of Identity(any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver’s License
  3. employer’s Card
  • Bank Statement / Passbook of last 6 months
  • Salary slip of last 6 months.
  • Form 16 for previous 2 years.
  • Legal documents of the concerned property.

For Self-employed individuals

  • Certified financial statement of last 3 years.
  • Proof of Residence (any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voters Card
  • Proof of Identity (any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver License
  3. Employer’s Card
  • Latest Bank Statement or Passbook
  • Copies of all property documents which you want to use as collateral.