IndusInd Bank Loan Against Property – Interest Rates 2024, Documents
IndusInd bank Loan Against Property offers exclusive features that compliment your business model. Maximum eligibility, market valuation of properties & multiple assessment criteria ensure the bank meets your loan expectation.
Competitive interest rates and customer friendly pre-payment options are all aimed at your delight!
IndusInd Bank Property LoanFeatures and Benefits
- Competitive interest rate
- Multiple assessment criteria
- Market valuation of properties
- Loans upto 10 years
- Top-up facility available
- Shift your loan from another bank & avail lower interest rate
IndusInd Bank Loan against property Eligibility
Salaried Individuals
- Loan amount – Minimum 10 lakhs
- Tenor – Minimum 12 months & Maximum 10 years
- Loans upto 65% of the property value
- Type of properties funded – Residential & commercial self-occupied and rented properties
- Minimum income – Rs. 30,000 gross salary per month (salary of upto 2 applicants can be added to meet the minimum income criteria)
- Minimum qualification – Graduate
- Minimum experience – 3 years
- Minimum age at loan sanction – 24 years Maximum age at loan maturity – Lower of 65 years of retirement age
Additional criteria for Self-employed customers
- Constitution of borrowers
- Individuals/proprietorship concerns
- Partnership firms
- Private limited companies
- Closely held Public Ltd. Companies
- Minimum age at loan sanction – 23 years
- Co-applicant mandatory for all loans
Documentation
- Last 3 years ITR along with acknowledgement & computation of income OR latest salary slip in case of salaried customers
- Audited financials with tax audit report (audited for Turnover > 40 Lacs and CA certified for Turnover < 40 Lacs) – only for self-employed customers
- Last 6 months bank statement of main banking a/c
- Loan details
- Copy of property papers including latest sale deed
- Address/ID/signature proof/Pan card copy
- Filled in Loan Against Property application form
- Photograph of applicant and co-applicant