Ind
Bank Housing
Ltd, an arm
of the Indian
Bank, is one
of the leading
names in the
housing finance
market in
India. Ind
Bank Housing
Ltd provides
loans for
housing purposes
for the purchase
or construction
of house /
apartment
and, , repair
or construct
additional
repairs on
the existing
building.
Ind Bank Housing
Ltd provides
housing loans
up to 25 lakhs
in the purchase
or construction
of a house
/ apartment.
For the renovation
and repair
or graduation,
one could
claim up to
5 lakhs. The
borrower must
pay at least
15% of the
total project
cost. You
take loans
for buying
a house; the
house loan
should not
be more than
20 years.
If you go
for a loan
from the Ind
Bank Housing
Ltd, you must
repay the
amount in
20 years.
You can’t
also repay
before 5 years.
Repayment
period should
not extend
beyond retirement,
in the case
of salaried
class and
beyond 65
years in case
of others.
To take loans
from the Ind
Bank Housing
Ltd, you must
have equitable
mortgage property
or mortgage
recorded whenever
necessary
and as appropriate
guarantees
of two people.
Ind Housing
Bank Ltd has
secured interest
rate for different
loan amounts.
The loans
for the construction
of attracting
buying interest
rates between
12 to 15 percent,
while graduation
up and / or
repair have
obtained loans
interest rates
from 13.5
to 14.5 per
cent.
In addition
to interest,
if you take
a home loan
of Ind Bank
Housing Ltd,
you must pay
a processing
fee of 0.75%
if the loan
is 5 lakhs.
If the amount
is more than
5 lakhs, processing
fees will
be 1%. There
is also an
administration
fee of 1%.
There are
no applicable
fees in advance
on housing
loans by the
Bank of housing
Ind Ltd Also
the Bank of
housing Ind
Ltd would
arrange for
adequate insurance
on the property
at the expense
of borrowers.
To learn more
about housing
finance in
India navigate
the site.
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