Indian Bank Home Loan Offerings
1. IB Home Loan: Ideal for both salaried and independent
contractors, this loan is intended
for the purchase, construction, or extension of residential real estate. It's
2. IB
Home Improve: Tailored for home renovation and repair projects, this
loan helps you
upgrade your existing home to meet your evolving needs.
3. IB Home Enrich: Provides additional funding for furnishing and
enhancing your home,
ensuring it aligns with your preferences and lifestyle.
4. NRI Home Loan: Specifically designed for Non-Resident Indians
looking to invest in
residential property in India, offering flexible repayment options.
Indian Bank Home Loan Interest Rates for 2025
| Loan Type |
Interest Rate (p.a.) |
| IB Home Loan |
8.40% – 9.80% |
| IB Plot Loan |
9.40% – 10.80% |
| NRI Home Loan |
8.40% – 9.80% |
| NRI Plot Loan |
9.40% – 10.80% |
| IB Home Loan Plus |
8.90% – 10.00% |
| IB Home Improve |
8.90% – 10.30% |
| IB Home Enrich |
9.40% – 9.95% |
Note: Interest rates are indicative and may vary based on individual credit profiles and loan
schemes.
Processing Fees
Indian Bank charges processing fees as follows:
- Up to ₹25 lakh in loan amount: ₹1,500 + GST
- From ₹25 lakh to ₹75 lakh, the loan amount: ₹2,500 + GST.
- Loan amount above ₹75 lakh: ₹5,000 + GST
Note: GST will be recovered separately as all charges prescribed are exclusive of GST.
Eligibility Criteria
To qualify for an Indian Bank home loan, applicants must meet the following criteria:
- Age: 18 years old minimum age at the time of filling application, and 70 years old is
the maximum age at the time of loan maturity.
- Employment Type: Open to both salaried professionals and self-employed individuals.
- Income: Must have a regular source of income, with a minimum of ₹25,000 per
month.
- Credit Score: A good credit history enhances the likelihood of loan approval and access
to favorable interest rates.
Required Documents
Applicants need to provide the following documents:
- Identity Proof: Driver's License, Voter ID, PAN Card, or Passport. There are
- Address Proof: Aadhaar Card, Passport, Driving License, or recent utility bills.
- Income Proof:
- Salaried: Latest Salary: Form 16, the most recent three months' worth of pay
stubs, and six months' worth of bank statements.
- Self-Employed: Income Tax Returns for the last 2–3 years, business financials,
and 6 months' bank statements.
- Property Documents: Sale agreement, title deed, approved building plan, and
registration documents.
How to Use SuGanta.com to Apply for an Indian Bank Home Loan
Simplify your home loan application process with SuGanta.com
1. Visit SuGanta’s Home Loan Partner Page
2. Enter your personal information and loan details in
the online application.
3. Upload the necessary documents for a quick
eligibility assessment.
4. Receive personalized assistance from a
SuGanta expert throughout the process.
5. Upon approval the loan amount will be
disbursed directly to your account.