How much housing loan can I get from Indian bank?

How much housing loan can I get from Indian bank?

How much housing loan can I get from Indian bank?

Indian Bank Home Loan Eligibility Criteria

Eligibility Criteria Salaried and Self-Employed
Age Criteria Minimum: 21 years Maximum: 60 years
Loan Tenure Up to 30 years
Loan Amount Up to Rs.10 crores
Interest Rate 8.60% – 8.80%

What is the interest rate of home loan in Indian bank?

Compare Indian Bank Home Loan Interest Rate with Top Banks

Particulars Indian Bank SBI
Interest Rate 7.55% – 7.85% 6.70% – 7.05%
Processing Fees Upto 0.23% Max ₹ 20,381 NIL
Loan Tenure 20 Years 30 Years
Maximum Loan Amount ₹ 5 Cr ₹ 7 Cr

How is EMI calculated for home loan?

You can calculate your home loan EMI amount with the help of the mathematical formula: EMI Amount = [P x R x (1+R)^N]/[(1+R)^N-1], where, P, R, and N are the variables. The EMI value will change each time you change any of the three variables.

Which Indian Bank is best for home loan?

Best banks to get your home loan in 2021

  • Kotak Mahindra Bank.
  • Kotak Mahindra home loan interest rate.
  • State Bank of India (SBI)
  • SBI home loan interest rate.
  • HDFC.
  • HDFC home loan interest rate.
  • ICICI Bank.
  • ICICI Bank home loan interest rate.

How can I get home loan from Indian Bank?

How can I Check my Indian Bank Home Loan Eligibility ?

  1. Go to the Indian Bank website.
  2. Now navigate to the option Indian Bank home loan.
  3. To check eligibility criteria use a home loan eligibility calculator.
  4. Fill the required details like loan amount required, salary, age etc.

How much home loan can I get on 13000 salary?

Salary of 13000, Am I eligible for Loan? Check here online

Product Salary Min. loan amount
Personal Loan 13000 45000
Home Loan 13000 300000
Car Loan 13000 100000
Credit Card 13000

What is the EMI for 35 lakhs home loan?

Factors That Affect Your Home Loan EMI

Home Loan Amount Home Loan Tenor
For 5 Years For 15 Years
Home Loan EMI on Rs. 25 Lakh Rs. 49,267 Rs. 22,192
Home Loan EMI on Rs. 35 Lakh Rs. 68,974 Rs. 31,069
Home Loan EMI on Rs. 45 Lakh Rs. 88,681 Rs. 39,946

What is the EMI for 15 lakhs home loan?

EMI Calculations for a Home Loan of Rs. 15 Lakh with Different Tenors

Loan Amount EMI when Tenor is 10 Years EMI when Tenor is 15 Years
Rs. 15,00,000 19,823 16,119

Which is the best Indian Bank Home Loan Calculator?

However, availing of such a credit facility requires considerable financial planning. Otherwise, it may later saddle the borrower’s finances. Thus, prospective homeowners may opt to utilise the Indian Bank home loan calculator to chalk out their repayment plan for such a loan. What is the Indian Bank Home Loan Calculator?

How is EMI calculated in Indian Bank home loan?

Home loan EMI calculation requires three variables – the loan amount, rate of interest, and the repayment term. Individuals thus need to enter these variables into an Indian Bank housing loan EMI calculator to compute the monthly instalment amount. The formula used for EMI computation is –

What do you need for IB home loan in India?

Proof of title in the Revenue Records. Property Tax receipts wherever applicable (Up-to-date EC, Legal Opinion from Advocate & Valuation of property from Engineer will be arranged by Bank at applicant`s cost). Two independent valuations and Legal Scrutiny Reports are required for Home loans exceeding Rs.1.00 Crore.

What is the interest rate of Indian Bank?

Indian Bank offers home loans at an attractive interest rate starting from 7.55%.