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Indian Bank Home Loan

Indian Bank offers home loans @ 7.40% p.a. onwards for tenures of up to 30 years and loan amounts of up to 90% of the property’s value. The bank also offers overdraft facility through its ‘IB Home Advantage’ scheme and balance transfer facility to its home loan applicants.

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Starting 7.40% p.a.

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HDFC Bank
Min Loan Amt. 15L
Rate of Interest7.9% - 13.2%
Tenure uptoUpto 30 Years
Processing Fee10,000
Axis Bank
Min Loan Amt. 30L
Rate of Interest8.25% - 11.90%
Tenure uptoUpto 30 Years
Processing Fee14,000
ICICI Bank
Min Loan Amt. 15L
Rate of Interest8% - 9.8%
Tenure uptoUpto 30 Years
Processing Fee10,000
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Get up to 5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

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Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

Indian Bank Home Loan Highlights

Particulars Details
Indian Bank Home Loan Interest Rate Floating: 7.40%-9.40% p.a.

Fixed: 9.45%-9.65% p.a.

Loan Tenure Up to 30 years
Loan Amount Up to 90% of the property value
Processing Charges NIL

Rates as of 1 January 2026

Indian Bank Home Loan Interest Rates

Stated below are the floating and fixed interest rates offered by Indian Bank for different home loan schemes:

Indian Bank Home Loan Floating Interest Rates

Indian Bank Home Loan

Products Interest Rates (p.a.)
IB Home Loan 7.40% to 8.80%
IB Home Loan to NRI 7.90% to 9.30%
Home Loan for LIG, EWS & MIG Individuals of Urban Areas 8.00% to 9.40%

Indian Bank Plot Loan

Products Interest Rates (p.a.)
Plot Loan 8.40% to 9.80%
Plot Loan to NRI 8.40% to 9.80%

Other Products

Products Interest Rates (p.a.)
IB Home Improve 8.40% to 9.80%
IB Home Enrich 8.90% to 8.95%
IB Home Loan Plus 7.90%-9.00%

Also Read: Indian Bank Loan Against Property

Indian Bank Home Loan Fixed Rate of Interest

Indian Bank Home Loan

Products Interest Rates (p.a.)
IB Home Loan 9.45% to 9.65%

Indian Bank Plot Loan

Products Interest Rates (p.a.)
Indian Bank Plot Loan 10.45% to 10.65%

Indian Bank Home Improve

Products Interest Rates (p.a.)
IB Home Improve 9.95% to 10.15%

Indian Bank Home Enrich

Products Interest Rates (p.a.)
IB Home Enrich 9.65% to 10.15%

Indian Bank Home Loan Plus

Products Interest Rates (p.a.)
IB Home Loan Plus 9.95% to 10.40%

Compare Interest Rates on Home Loans for Top Banks & HFCs

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Name of Lender Loans of Up to Rs. 30 Lakh
Bank of India 7.35% p.a. onwards Check Eligibility
State Bank of India 7.50% p.a. onwards Check Eligibility
Punjab National Bank 7.50% p.a. onwards Check Eligibility
Canara Bank 7.40% p.a. onwards Check Eligibility
HDFC Bank 7.90% p.a. onwards Check Eligibility
Bajaj Housing Finance 7.45% p.a. onwards Check Eligibility
ICICI Bank 8.75% p.a. onwards Check Eligibility
Axis Bank 8.30% p.a. onwards Check Eligibility
Federal Bank 8.75% p.a. onwards Check Eligibility
Kotak Mahindra Bank 7.99% p.a. onwards Check Eligibility
IDFC FIRST Bank 8.85% p.a. onwards Check Eligibility
IDBI Bank 7.55% p.a. onwards Check Eligibility
RBL Bank 8.20% p.a. onwards Check Eligibility
Tata Capital Housing Finance 7.75% p.a. onwards Check Eligibility
PNB Housing Finance 8.25% p.a. onwards Check Eligibility
Sammaan Capital
(Formerly known as Indiabulls Housing Finance)
8.75% p.a. onwards Check Eligibility
India Shelter Home Loan 10.50% p.a. onwards Check Eligibility
L&T Finance Limited 8.70% p.a. onwards Check Eligibility
Godrej Housing Finance 7.75% p.a. onwards Check Eligibility
Home First Finance 8.00% p.a. onwards Check Eligibility
Easy Home Finance 11% p.a. onwards Check Eligibility
Piramal Capital Housing Finance 9.49% p.a. onwards Check Eligibility
Shubham Housing Finance 10.45% p.a. onwards Check Eligibility
Punjab & Sind Bank 7.55% p.a. onwards Check Eligibility
Jio Housing Finance 8.20% p.a. onwards Check Eligibility
HDFC Sales Pvt Ltd 7.90% p.a. onwards Check Eligibility

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Indian Bank Home Loan Apply Online

Individuals can apply Home Loans either through the official website of the Indian Bank or through the Indian Bank app, IndSMART. You can also visit the Indian Bank branch to apply for Indian Bank Home Loan. Applicants should also visit online financial marketplaces to compare the interest rates and other features offered by various lenders and apply accordingly.

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Indian Bank Home Loan Processing Fees

Loan Product Processing Charges
Indian Bank Home Loan to Residents/NRI Home Loan/IB Home Advantage/NRI Plot Loan  NIL
Indian Bank Home Improve/IB Home Loan Plus/IB Home Enrich/Resident Plot Loan/Repair and Renovation NIL

Also Read: Processing Fee for Home Loans

Required for Indian Bank Home Loan

Indian Bank has not mentioned the documents required for a home loan. However, applicants may consider the following documents while applying for Indian Bank Home Loan.

  • ID Proof
  • Address Proof
  • Income Proof
  • ITR
  • Business proof
  • Property documents

Eligibility Criteria for Indian Bank Home Loan

Below-mentioned are the eligibility criteria for an Indian Bank Home Loan:

For Indian Bank Home Loan

  • Resident Indians with a regular source of income and total experience of at least 3 years.
  • Salaried individuals employed with Central Government/State Government/Public Sector Undertakings/MNCs/Reputed Companies/Government aided educational institutions having an experience of at least 2 years are eligible for IB Home Loan.
  • Businessmen, professional and self-employed individuals having a minimum experience of 3 years can also avail IB Home Loan.
  • Indian Bank Home Loan is also offered to pensioners having adequate money for loan repayments.
  • Minimum age: 18 years.
  • Maximum age: 70 years.

For Indian Bank Home Improve Loan

  • Existing home loan borrowers (both Indian residents and NRIs) are eligible for the Indian Bank Home Improve Loan scheme.
  • Prospective home loan borrowers who belong to salaried, professional and business classes can avail Indian Bank Home Improve Loan.

For NRI Plot/Home Loan

  • NRIs with regular monthly income.
  • NRIs employed with a residual contract period with service of at least 3 more years.
  • Maximum age for applying: Up to 50 years.
  • Age at the end of repayment period: 60 years.

Indian Bank Home Advantage Loan

  • Resident Indians with a regular source of income and total experience of at least 3 years can avail Indian Bank Home Advantage.
  • The applicant should be salaried, businessman, professional, self-employed and pensioner.
  • Non-Residents can also avail Indian Bank Home Advantage scheme.
  • Resident’s Age: 18-70 years.
  • Non-Resident’s Age: 21-60 years.

For IB Home Enrich

  • Resident individuals and NRIs having residential property in their name supported by a copy of the latest Tax Paid Certificate/Gift Deed/Sale Deed/Mutation Certificate/Partition Deed.
  • Salaried individuals, self-employed, businessmen, professionals and pensioners having a steady source of income and a minimum experience of 3 years.
  • Existing home loan borrowers can also avail Indian Bank Home Enrich.
  • Minimum age at the time of loan application: 18 years.
  • Maximum age at the time of loan application: 65 years.
  • Maximum age at the time of loan maturity: 70 years.

Indian Bank may also check credit score and monthly income of its applicants, just like other lenders do while evaluating their home loan eligibility criteria.

Indian Bank Home Loan Customer Care

Below-mentioned is the customer care number for the Indian Bank Home Loan:-

  • All India Toll-free number - 1800 233 4526, 1800 102 2636
  • Head Office Telephone Numbers - 020 25514501/05, 020 25514510, 020 25513781

Types of Indian Bank Home Loan

Indian Bank Home Loan

Purpose: Indian Bank offers regular home loans to finance the purchase/construction of a new house/flat, plot purchase and home construction thereon, purchase of flat under construction, purchase of flat/house being resold and repair/renovation/extension of existing house. Existing home loan borrowers of other banks and HFCs can also avail this scheme to transfer their existing home loans to Indian Bank at low interest rates.

Loan Amount: The loan amount is considered based on the Net Take Home Pay criteria.

  • If the gross annual income of the applicant is up to Rs 15 lakh, the take-home income should not be less than 40% of the gross annual income.
  • If the gross annual income of the applicant is above Rs 15 lakh, the Net Take Home Pay should be at least Rs 50,000 per month.

LTV Ratio:

Loan Amount LTV Ratio
Up to Rs 30 lakh 90%
Rs 30 lakh-Rs 75 lakh 80%
Above Rs 75 lakh 75%
For Repair/Renovation 70%

Tenure:

  • Regular Home Loan: Up to 30 years
  • For Repair and Renovation: Up to 10 years

Indian Bank Home Advantage Loan

Purpose: IB Home Advantage Home Loan is an overdraft facility wherein the existing home loan borrowers can deposit surplus amounts in the linked overdraft account and withdraw money as per their requirements within the pre-determined limit.

Loan Amount: If the borrower is less than 45 years old:

  • For Salaried: 72 times monthly gross salary
  • For others: Up to 6 times gross annual income

If the age of the borrower is 45 years and above:

  • For Salaried: 60 times monthly gross salary
  • For others: Up to 5 times gross annual income

LTV Ratio:

Particulars Details
Loan amount up to Rs 30 lakh Up to 90%
Loan amount Rs 30 lakh-Rs 75 lakh Up to 80%
Loan amount above Rs 75 lakh Up to 75%
Repair/Renovation Up to 70%

Tenure: Up to 30 years or 70 years of age

Indian Bank NRI Home Loan

Purpose: NRIs and Persons of Indian Origin can avail NRI Home Loans from Indian Bank to raise funds for the purchase/construction of flats/houses and repair/renovation/alteration of existing houses.

Loan Amount:

  • 60 times Gross monthly income subject to availability of 40% Net Take Home Pay after deducting EMIs (including that of proposed home loan)
  • For Repair/renovation: Up to Rs 3 crore

LTV Ratio:

Particulars Details
Loan amount up to Rs 30 lakh Up to 90%
Loan amount Rs 30 lakh-Rs 75 lakh Up to 80%
Loan amount above Rs 75 lakh Up to 75%
Repair/Renovation Up to 70%

Tenure: Up to 20 years

Indian Bank NRI Plot Loan

Purpose: Indian Bank offers NRI Plot Loans to NRI applicants for the purchase of house sites located in layouts approved by Government authorities. NRI applicants cannot avail this scheme to purchase house sites in rural areas.

Loan Amount: 36 times Gross monthly income subject to availability of 40% Net Take Home Pay after deducting EMIs (including that of the proposed plot loan) Cap on plot loan:

  • For property purchase in urban areas: Up to Rs 2 crore
  • For property purchase in semi-urban areas: Up to Rs 1 crore
  • For property purchase inthe  metro: Up to Rs 3 crore

LTV Ratio: Up to 75% on the cost of the plot

Tenure: Up to 15 years

Indian Bank Home Improvement

Purpose: Indian Bank offers Home Improvement Loans to finance the purchase of household furniture, kitchen racks, TV sets, cupboards, fridges, computers, wallpapers, interior decorations, lighting, air conditioners, kitchen chimneys, etc.

Loan Amount: 36 times of gross monthly income (Up to Rs 3 crore)

LTV Ratio: Up to 85% of the cost of articles purchased

Tenure: Up to 10 years

Indian Bank Home Enrich

Purpose: Consumers can avail IB Home Enrich Home Loans for carrying out repair/renovation of existing houses/flats.

Loan Amount: Rs 1 lakh-Rs 10 lakh

LTV Ratio: Up to 70%

Tenure: Up to 10 years or 70 years of age

How Can I Apply for a Home Loan Online?

Get up to 5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

Get a Home Loan For
Your Dream Home

Avail Home Loan Banner

FAQs

Indian Bank offers home loan interest rates starting from 7.40% p.a. onwards depending on the credit profile of the applicant.

Salaried individuals, businessmen, self-employed and pensioners are eligible for Indian Bank Home Loans.

Indian Bank has not mentioned any documents required for availing home loans. However, lenders usually consider ID proof, address proof, bank statements, ITR, business proof, and asset proof for processing home loans.

Indian Bank has not specified the processing time for its home loan. However, lenders usually take 2-3 weeks or even more for processing home loan applications depending on the loan applicant, property features, etc.

Indian Bank offers home loans at floating and fixed rates.

Yes, you can prepay your home loan availed from Indian Bank. No prepayment charges are levied as the home loans are offered at floating rates.

Indian Bank has not disclosed the minimum credit score for its home loan applicants.

Indian Bank offers a holiday period of up to 18 months on home loans availed for constructing houses on already existing plots. For flats under construction (in case of bigger projects), a holiday period of up to 3 years is offered. The bank offers a holiday period of up to 2 years for plot purchase and house construction, thereon. No holiday period is offered in case of takeover accounts and outright purchase of a house/flat.

EMI or Equated Monthly Instalment is the amount the applicant will pay to the bank every month till the loan is repaid completely. It comprises of the principal component and the interest component in a way that the interest component is greater than the principal component in the initial years of loan repayment.

Indian Bank offers interest rate concession of 55 bps (salaried with check-off facility) and 30 bps (non-salaried) to women applicants opting for IND Home Enrich Home Loans.

Indian Bank does not offer any holiday period home improvement loans. For home repair/renovation loan availed under its IB Home Enrich scheme, the holiday period is allowed till the completion of repair and renovation. However, it is necessary for the home loan borrowers to service the holiday period interest every month.

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What our customers say

Home loan mila yaahaan par

Mujhe home loan chahiye tha aur yahaan par sahayta kiya inhone aur loan mila. Pehla loan tha mera lekin sab ache se ho gaya.

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Prem Prakash PandeyDec 7, 2025

Home loan here

I took home loan here and they helped me in every step specially in collecting and submitting documents at the time of approval.

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Chandan SinghDec 1, 2025

Got the best home loan interest rate

I was confused and did not have so much time to carry out all the research, so I logged in to Paisabazaar’s portal and was able to see the home loan options I was eligible for. With the assistance of Paisabazaar’s experts, I was able to find the home loan that offered the rate of interest I could afford. Thank you Paisabazaar!

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Anu BhatnagarSep 10, 2021

Excellent Home Loan Service by Paisabazaar

Ended up taking an ICICI Home Loan and I think it was one of the best decisions I ever made. I thank Paisabazaar for helping me out and answering my questions with so much patience.

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KJ ThomasSep 10, 2021

Had a great experience with Paisabazaar

I have always heard my friends talking about how tedious it was for them to avail a home loan and decide the most suitable option. But with the help of Paisabazaar, I was able to compare several home loans and opt for the one that suited my needs. I am happy that I considered Paisabazaar for helping me.

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Ritesh SharmaSep 10, 2021

quick and easy home loan process

I had never thought that applying for a home loan could be so easy. The entire process was online and I didn’t have to go anywhere for application or documentation of my home loan. Paisabazaar experts helped me navigate through the process and later the bank collected my documents and everything was quick and seamless.

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Rupanjali MishraSep 3, 2021

Satisfied experience with Paisabazaar

I am satisfied with my home loan experience with Paisabazaar. I could easily compare different home loan options and apply for the home loan. Their customer care team also called me to confirm all the details and soon after the bank contacted to take the process forward. The process was really smooth.

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Soumil KhannaSep 3, 2021

Need to work on customer service

I had applied for a home loan at Paisabazaar. All was good till documentation process came. I had some questions regarding the documents to be submitted so I first called bank and I could not connect to their loan officer. So, I called Paisabazaar and to connect with them I again had to wait too long. They took their sweet time even in resolving my issue. I had expected prompt service from the bank and Paisabazaar and couldn’t get it.

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Vrinda PathakSep 3, 2021

Had excellent experience with Paisabazaar

My experience with Paisabazaar was simply excellent. Their website had detailed information of all banks. Their customer care team also helped me choose the best option. Applying for a home loan with Paisabazaar was smooth and quick. And if there was any problem even after loan application, they were happy to resolve it. I had no problem throughout the loan process.

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Sumit AroaSep 3, 2021

Happy with the service. Thumbs up!

I had applied for home loan at Paisabazaar and my experience was good here. Honestly, I thought I was making a mistake by not applying through bank website but in the end all turned out good. I had no isses during the loan process. Their customer care team is also prompt in resolving the issues.

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Vikram JeetMay 12, 2021
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