The lender looks at the credit history of the customer before providing the home loan, so to apply for this loan, your CIBIL Score must be very.
The loan amount given under it depends on many factors such as the applicant's CIBIL score, age, income, place of residence, employment status, loan repayment capacity etc
Indian bank offers many types of home loan schemes. Indian Bank home loan interest rate starts from 8.40% p.a
The processing fee is up to 1% of the loan amount. You can take this loan with maximum loan tenure of 30 years.
If the age of the salaried person is less than 45 years, can take loan amount up to 72 times of his monthly gross salary and in other cases up to 6 times of gross annual income.
Margin:Rs.30 lakh – 10%30 lakhs to 75 lakhs – 20%Above Rs.75 Lakh – 25%In case of repairs and renewals – 30%
If you fulfill all the conditions of the bank's home loan, then you can apply for it online and offline. The procedure to apply is given below.