Indian Bank Home Loan Interest Rates 2019 – Eligibility EMI Calculator

Compare Indian Bank Home Loans ✔ Interest Rates ✔ Eligibility ✔ Documents ✔ loan Emi of Indian Bank Home Loan 2019. ✔ Calculate loan eligibility with emi calculator online at Deal4loans.

Salient Features – Indian bank offers home loan for purchase or to construct a house / flat / renovate / repair or alter an existing house / flat. For Eligibility or take loan you must have 40% Take Home Pay on gross income after the proposed EMI.

Details about Indian Bank Home loan:

Interest Rates8.60% – 9.70%
Max. Loan Amountupto 10 crore
Processing Fees0.230% on loan amount + GST or Max Rs.20470/-
Prepayment ChargesNil
Min. IncomeRs.10000/-p.m
Loan Repaymentupto 30 years

Home Loan applications received for rupees ₹ 419,027 crores till 27 June 2019

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Loan Amount

Annual Income


54,02,013 loan quotes taken till now.
  • 54 lakh customers serviced to get best Loan deals with deal4loans. Deal4loans views Published @
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Eligibility Indian Bank Home Loan-


✔ Age must be in 18 to 65
✔ Minimum 3 year job experience for salaried borrowers
✔ Businessmen, Professionals and Self-employed with minimum experience of 3 years.
✔ Pensioners with eligible repayment ability are eligible.

How much loan amount you can get from Indian bank: –

  • Borrowers can get upto 36 times of gross monthly income or 60 times of net monthly income whichever is higher.
  • Borrowers can add Spouse Income to get more loan eligibility.

Indian Bank Home Loan Interest Rates 2018

Floating SchemeUpto 75 LacsAbove 75 Lacs
Interest Rates8.60%8.70%
Fixed SchemeUpto 75 LacsAbove 75 Lacs
Interest Rates9.60%9.70%
Ind Awas (Irrespective of EWS/LIG/MIG-I/MIG-II)8.60%

Indian Bank offers upto 90% of home loan amount for property of Rs.30 lakh & 85% for the property costing 30 lakhs & above.

Indian Bank home loan emi calculator


Indian Bank Home loan emi calculator helps you to know how much emi per month you have to pay against the loan taken for purchasing the new Home. you can select or choose the right loan amount as per your financial condition and it helps you in selecting the Home variant as per your paying capacity of EMI. For calculation you have to just select the right loan amount, Interest Rate and Repayment period.

Calculate Loans EMI Online

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount

For an example, You can take a loan amount of Rs.16 lakh for 20 years repayment period at 8.35% rate of interest than your emi calculations are as follows:

  • Loan Amount = Rs. 16,00,000
  • Monthly Installment (EMI) = Rs. 13,734
  • Total Interest Amount = Rs. 16,96,075
  • Total Amount (Principal + Interest) = Rs. 32,96,075
YearPrincipalInterestBalance Amount
1Rs. 32,430Rs. 132,378Rs. 1,567,570
2Rs. 35,244Rs. 129,564Rs. 1,532,326
3Rs. 38,302Rs. 126,506Rs. 1,494,024
4Rs. 41,626Rs. 123,182Rs. 1,452,398
5Rs. 45,238Rs. 119,570Rs. 1,407,160
6Rs. 49,164Rs. 115,644Rs. 1,357,996
7Rs. 53,430Rs. 111,378Rs. 1,304,566
8Rs. 58,064Rs. 106,744Rs. 1,246,502
9Rs. 63,104Rs. 101,704Rs. 1,183,398
10Rs. 68,579Rs. 96,229Rs. 1,114,819
11Rs. 74,531Rs. 90,277Rs. 1,040,288
12Rs. 80,997Rs. 83,811Rs. 959,291
13Rs. 88,026Rs. 76,782Rs. 871,265
14Rs. 95,662Rs. 69,146Rs. 775,603
15Rs. 103,965Rs. 60,843Rs. 671,638
16Rs. 112,985Rs. 51,823Rs. 558,653
17Rs. 122,789Rs. 42,019Rs. 435,864
18Rs. 133,444Rs. 31,364Rs. 302,420
19Rs. 145,024Rs. 19,784Rs. 157,396
20Rs. 157,489Rs. 7,201Rs. 0

Documents to be submitted for processing the application: –

  1. Completed Application Form with passport size photograph.
  2. Proof of Identity such as PAN Card / Voter’s ID/Passport/Driving License.
  3. Proof of residence such as Recent Telephone Bill / Electricity Bill / Property Tax Receipt / Passport / Voter’s ID
  4. Proof of business address in respect of businessmen / industrialists.
  5. Proof of Employment.
  6. Salary Certificate.
  7. Proof of other income like rent, interest on investment, if any.
  8. Balance Sheet for the past three financial years in the case of Professionals, Businessmen & Self employed.
  9. Income Tax / Wealth Tax (if applicable) Returns for the past 3 years
  10. Agreement of Sale / Sale Deed.
  11. Approved Building Plan.
  12. Title Deed Documents for 30 years.
  13. Proof of title in the Revenue Records.(Legal Opinion from Advocate & Valuation of property from Engineer will be arranged by Bank at applicant’s cost)

Insurance: Property (offered as security) to be insured at borrower’s cost with Bank clause against fire, flood, earthquake, riot and other risks, which are normally covered by insurance companies

Other Loan Products of Indian Bank

  1. Indian Bank Personal Loan
  2. Indian Bank Car Loan
  3. Indian Bank Gold Loan
  4. Indian Bank Credit Card
  5. Indian Bank Education Loan
  6. Indian Bank Property Loan
  7. Indian Bank Two Wheeler Loan