Property Loan 

IndusInd Bank Loan Against Property – Interest Rates 2024, Documents

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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
      1. Individuals/proprietorship concerns
      2. Partnership firms
      3. Private limited companies
      4. 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

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