
IndusInd Bank | Home Loan | 23-Feb,2021
About IndusInd Bank: IndusInd Bank Limited is one of Indias largest banks and a new-generation Indian bank. It was established by the Hinduja Group on April 31, 1994. The banks headquarters are located in Pune, Maharashtra, and it has been operating continuously since April 1994.
Detail: IndusInd Bank provides home loans to customers at an attractive interest rate starting from 8.00% onwards. The candidates should not be less than 18 years and more than 65 years at the time of applying for a loan.
Annual Percentage Rate (APR): 8.00% onwards
Minimum & Maximum period for repayment (Loan Tenure): Up to 30 years
Loan processing charges: Up to 0.5% of loan amount + GST
Late Payment: --
Foreclosure Charges: --
Partpayment Charges: --
Maximum Loan Amount: Up to 90% of the property value
Sector : Finance
Industry : Regional Banks
IndusInd Bank was inaugurated in April 1994 by the then Union Finance Minister, Manmohan Singh. The bank offers commercial banking transactions and electronic banking products and services. According to the bank, its name is derived from the Indus Valley Civilization. As of December 31, 2018, the bank had a network of 1,558 branches and 2,453 ATMs across India. The current Chairman of the bank is Sumant Kathpalia.
You will go on the Official website.
| IndusInd Bank | ROI | Max Loan Amount | Tenure | Processing Fee | Late Payment | Foreclosure Charges | Partpayment Charges | |
|---|---|---|---|---|---|---|---|---|
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Personal Loan | 11.25% | 25 Lakh | 60 months | 2.5% + GST | Allowed after 12 EMI's | INR 150/- plus taxes, Per EMI delay beyond 5 days | N/A |
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Home Loan | 8.00% | Up to 90% of the property value | Up to 30 years | Up to 0.5% of loan amount + GST | -- | -- | -- |
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Education Loan | 11% | -- | 5 to 7 years | As decided by the bank from time to time | -- | -- | -- |
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Car Loan | 7.35% | 90% to 100% of the on-road price of the car | Up to 60 months | 0.50% of loan amount up to a maximum of Rs.10,000 plus GST | -- | -- | -- |
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Business Loan | 14.00% | Upto 15 lakh | 12 months to 60 months | 2.50% | Allowed after 12 EMI's, 4% | Not Allowed | Not Allowed |
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Gold Loan | Up to 16 % p.a. | Up to Rs.10 lakh | 12 months to 24 months | 1% of the loan amount sanctioned + GST | -- | -- | Up to 1% of the outstanding amount |
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