Apply for Affordable Home Loans Online

Affordable Housing Loan

  • Your dream home is now in your budget. Super quick disbursals and attractive interest rates.

  1. Personal
  2. Loans
  3. Affordable Home Loans

Benefits

Loans for purchase or Construction of house and modifications

Balance transfer facility available

Avail PMAY subsidy benefits

Wide geographic coverage

Flexible repayment tenures upto 20 years

Offerings

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Loan Calculator

I wish to avail a Affordable Home loan amounting at interest rate for approximately years.

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These Calculations may vary from actual figures.

Schedule of Charges

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Eligibility

Eligibility
  • Income: Minimum â‚ą1 Lakh per annum
  • Age: 21 years to retirement age
  • Stability: Minimum 1 year in the current employment & 1 year in current residence
  • Property age: 45 years at the time of loan maturity
Documents for Salaried Individuals
  • Application :
    Property document as per empanelled lawyer’s clearance report
  • Income Proof :
    • Form 16
    • Last 3 months' salary slips
    • Latest Income Tax Returns
    • 6 months’ Bank Statements
  • KYC documents:
    • Aadhaar Card
    • PAN Card
    • Passport size photographs
  • Balance Transfer
    • LOD & FC letter from existing financier
  • Vaikunt (PMAY):
    • Income declaration letter from applicants & Letter of undertaking
Eligibility
  • Income: Minimum â‚ą1 Lakh per annum net profit
  • Age: 21 years to 65 years
  • Stability: Minimum 3 years’ experience in same line of business & 1 year in current residence
  • Property age: 45 years at the time of loan maturity
Documents for Self Employed Individuals
  • Application :
    Property document as per empanelled lawyer’s clearance report
  • Income Proof:
    • Latest Income Tax Returns
    • Balance Sheet for the previous financial year
    • Bank statements for the last 1 year
    • Business Incorporation Certificate
  • No Income Proof:
    • 6 months' bank statements
    • Business incorporation certificate/business continuity proof for last 3 years
  • KYC documents
    • Aadhaar Card
    • PAN Card
    • Passport size photographs
  • Balance Transfer:
    LOD & FC letter from existing financier.
  • Vaikunt (PMAY):
    Income declaration letter from applicants & Letter of undertaking

FAQs

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Terms and Conditions apply. All Loans at the sole discretion of IndusInd Bank Ltd.

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