Here are a few factors

Rating 4.6 /
Total - 361 ratings
Location PAN India
CIBIL Score 675+
Applicant Any Salaried or Self Employed Person
Applicant Age 18 Year to 75 Year
Loan Amount & Tenure 10 Lac to No Limit
(5 Year to 30 Year)
Login Fees NIL
Rate of Interest & Type 8.50% to 10.40% (Reducing)
TAT Salaried-3 Days, Self Employed -7days
Processing Fees (i) Individual-NIL) (ii) Other than Individual-0.25% of Loan amount (min 25K Max 5Lac)
Insurance & Other Charges NIL
Foreclosure Charges Nil
Minimum Income Which is fit to cover EMI 
Lock In Period NIL
Part Payment Allowed Yes
Home Loan OD Product Yes
LTV (1) If Loan(i) <30 Lac-90% of Registry Value (ii) >30 Lac-75 Lac-80% of Registry Value (iii) >75 Lac-75% of Registry Value
(2) If loan for Repair & renovation-70% of market value
Product (i) New Home Purchase
(ii) Plot Purchase
(iii) Plot Purchase+Construction
(iv) Construction Loan
(v) Seller BT
(vii) Home Renovation
Program 1. Salaried- 6-8 Time of gross annual Salary
2. Self Employed-6 time of average annual income of last 3 year 
CO - Applicant Yes
FOIR If Income<15 Lac-60% of Income, >15 Lac-Only 50K permonth will be deducted to calculate FOIR
Negative Profile No Negative Profile
Funded Property Type All Approved Residential Property
Negative Property Other than approved property
Accepted Collateral All Approved Residential Property with clear Property chain of last 30 year
Business Vintage for Self Employed Person 3 Year
Minimum Job Experience for Salaried Person 2 Year
Experience with Current Employer 3 Month
Any Specific Product for Professionals No
USP (i) Zero Login Fees & Processing Fees
Additional Pension is also considered 

Documents Required for Indian Bank Home Loans


  • Minimum for the applicant and co-applicant is 18 years.
  • Maximum for both applicants is 70 years.
  • Salaried
  • Self Employed.
  • Resident Indian
  • Non-Resident Indian (NRI)
  • Person of Indian Origin (PIO)

About Indian Bank Home Loan

It has been a childhood dream or achievement for a man to own a home. All work hard and relentlessly to achieve this feat. Well, in times of pursuit, the Indian Bank can help by providing a much-needed home loan with an effective interest rate. Through its seamless process, you can easily get a loan to make your dream house.

Indian Bank has a better structure to help its customers the most. Thus, with little documentation and no running around, you can get the money with flexible tenure along with the lowest interest rate possible.

Now, with the online portals, it has even become easier and more convenient to get a home loan with much less documentation and fulfill your dream. Now, before starting, let us give you a little view of what the Indian Bank has to offer.

Based on your employment, you have to prepare the set of documents needed.

Salaried Individual

  • Home loan application form along with the photograph.
  • Proof of Identity (Aadhar, Driving License, Passport or any other ID card)
  • Proof of Residence.
  • Proof of Income i.e., Form 16 and salary slip of the last 3 months.
  • Bank statements for the past 6 months.
  • Documented investments if you have.
  • Property related documents.

Self – Employed or businessman

  • Home loan application form along with the photograph.
  • Proof of Identity (Aadhar, Driving License, Passport or any other ID card)
  • Proof of Residence.
  • Your financial statement, verified by the Charted Accountant.
  • Your business certificate or professional license
  • Note with the information about your profession.
  • Property related documents.

Different types of Home Loans

There are different types of loans that the Indian bank offers to its customers. All these types have some slight differences.:

IB Home Loan -  This loan is generally for buying a new or existing home or flat. Even for repairing and renovation. The loan amount you get is about 72 times of monthly salary or 6 times your gross annual income.

IB Home Advantage – This loan is almost the same as the IB Home loan with almost the same loan amount and more tenure. However, you get an overdraft facility with the IB home advantage.

Plot Loan – This plot loan is only for buying a plot that is approved by the required authority. The loan amount starts at Rs 1 crore and can go up to Rs 12 crore.

NRI Loan – This is for all non-resident Indians and Persons of Indian Origin. They have to apply for it if they want a home loan. They can go for about 60 times their monthly income as the loan amount.

NRI Plot Loan – Similar to the above, the NRIs or PIOs go for this loan if they want to buy a plot in India. The loan amount they can get will be up to 36 times their gross monthly income. The tenure is also up to 15 years which is very low.

IB Home Improvement – With this loan, you can buy all the household products like furniture, kitchen and home appliances, computers, and other home-related things. You get about 10 years to pay back the money.

Home Loan Plus – This is more for the bona fide purpose rather than any speculative purpose.

IB Home Enrich – It is solely for the repair and renovation of the house or flat. You only get from Rs 1 lakh to Rs 10 lakh as the loan amount with a very high tenure.

Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Leave Your Question


The Indian Banks allow you to prepay your loan. Although the home loan has been given on floating rates only, you are still exempt from paying any charges for prepaying.

Well, like any other bank, an Indian bank also needs a good or at least average credit score to know your credibility. From the average standard. Any score above 700 will do you good and then the more you r score is, the more you will get the loan amount.

Yes, it is possible. When you take the loan, you ultimately form a relationship with the bank. So, if you have a good relationship with the bank early on and of course have a good credit score then the bank might levy some interest for you.

The Interest Rates on Indian Bank Home Loan is 7.90% to 8.95%.

The maximum repayment tenure for Indian Bank Home Loans will be up to 30 years.