IndusInd Bank provides a multitude of products under the Home loan category to suit the needs and requirements of different customer segments that the bank caters to:
- Home Loan: A loan offered to individuals who intend to purchase /construct a house or flat. In case of purchase of a home, applicant may seek to purchase either a newly constructed house/flat or any property through resale from the original owners. The home loan can be availed either in the name of the customer singly or under the names of two or more individuals jointly.
- Home Improvement Loan: Even after owing their home, people continuously try to refurbish their homes or make improvements and renovations to their home. Home Improvement loan is for those customers who want any kind of renovation /repair job such as painting the house, decoration of interiors etc to keep their home reflecting their personality and status as per their changing tastes and current trends. IndusInd bank acknowledges the requirement of improvement and fact that such upgrades require considerable financial investment, thus it offers the specially designed home improvement loans so that customers can improve their homes as per their requirements without having to worry about the availability of necessary funds.
- Home Extension Loan: With time the family grows larger and hence the need for additional space becomes paramount. IndusInd Home Extension Loans are intended to extend your existing home by adding a bedroom, enclosing an open balcony or building an extra room on the terrace, etc. With IndusInd home extension loan, customer need not be concerned about the financial investment involved in additional construction. This also calls for necessary funds as building anything costs a lot. Home extension is different from home improvement as extension involves increasing the total area of your house and hence additional documents are required in this type of home loan.
- Top up housing loans – IndusInd Bank existing home loans customers who own a property are eligible for this loan scheme. Customers who have an existing property & have the requirement of any sudden expense such as higher education, marriage, medical expense etc can avail the top up facility. Appreciated value of the property is a key aspect which makes this loan more money-spinning than other source of financing such as personal loan or credit Home Loan.