Is IndusInd Bank Home Loan interest rate Suitable for your home purchase? Always you have a dream of having your own house where you can live carefree with your family, so make it true with IndusInd Bank Home Loans. IndusInd Bank is a private sector bank in India that is known for its wide range of loan schemes and effortless services. IndusInd Bank Home Loan interest rates are flexible and depend on the bank repo rate. You can pay the borrowed loan amount in equated monthly installments (EMIs) to the bank, and know your EMI using IndusInd Bank Home Loan EMI Calculator. In the article, you will know about the IndusInd Bank Home Loan features and its benefits. What are the features of IndusInd Bank Home Loan? IndusInd Bank provide you various home loan schemes according to your requirement such as home loan for purchase of a house or property, renovation, extension and home loan top-ups. You can also add a co-applicant to increase your loan eligibility, and borrow a high amount as the co-applicant income is added in a joint home loan. The bank provides you a flexible repayment duration up to 30 years to pay your borrowed amount and the total IndusInd bank home loan interest rate. You can estimate the total payable interest of your home loan using the IndusInd bank home loan EMI calculator. It is an online tool which computes the EMI of your loan using the formula [P x R x (1+R)^N]/[(1+R)^N-1]. How can you use the home loan calculator? You can visit the IndusInd Bank online banking website and choose the “home loan” option, after that you’ll be directed to “home loan” page where you can find the option of “Home Loan calculator” in the page end. Click on the option to view the home loan calculator and enter your home loan details like borrowed loan amount, interest rate and loan tenure to generate the EMIs. Suppose you have taken an amount of INR 50 lakh from IndusInd Bank at an interest rate of 9.30% on 28 years of tenure, then your approx EMI would be INR 41,879 according to the IndusInd Bank home loan calculator and total payable interest would be INR 9,071,469. IndusInd Bank appropriate financer for your house or property purchase With the above-mentioned details of the IndusInd Bank home loan, you can determine that it is a perfect home loan provider for your home purchase. You can apply for a home loan by visiting your nearby IndusInd Bank branch or can do the same via online banking for a comfortable loan application procedure. The bank sanction your home loan with minimal documentation and ask for the necessary documents such as identity proof, Income Proof, and documents of the land or house. IndusInd Bank also provides the benefit of loan transfer to the customers, so that transfer the existing home loan to IndusInd Bank to get suitable interest rates and services.
Also, enjoy the Tax Benefits on your home loan under the Income Tax Act (ITA) section 80C and 24b.