Indian Bank Home Loan

Indian Bank provides home loans at competitive rates starting at 6.50% p.a. to both resident Indians and Non-Resident Indians (NRIs). The term may be extended for an additional 30 years. The applicable processing fee is 0.23% of the loan amount.

Indian Bank Home Loan Schemes

IB Home Loan

  • Attractive rates starting from 6.50% p.a.
  • Interest concession for women applicants
  • Maximum tenure of 30 years
  • No fees for prepayment

Interest Rate 

6.50% p.a. to 7.40% p.a.

Processing Fee

0.23% of the home loan amount 

Indian Bank Home Loan EMI Calculator

The EMI (Equated Monthly Instalment) and processing fee should always be calculated in advance to help you better manage your finances. You will then be able to evaluate the home loan interest rates and plans provided by other financial institutions. Moreover, you can use the BankBazaar Indian Home Loan EMI Calculator. The entire process is straightforward, hassle-free, and has a quick turnaround. You only need to enter the information about your home loan, including the sum, term, interest rate, and processing fee. Click “calculate” to see the EMI and processing charge. An amortization table will follow, giving you a detailed breakdown of your payment schedule.

Criteria for Indian Bank Home Loans


18 years to 70 years

Type of employment 

Salaried or self-employed 


Indian or NRI

Documents Required

For salaried

  • Proof of identity
  • Passport size photograph
  • Residential address proof
  • Age proof
  • Last 6 month’s bank statements
  • Last 3 months’ salary slips
  • Property-related documents

For self-employed

  • Proof of identity
  • Residential address proof
  • Passport size photograph
  • Age proof
  • Last 6 months’ bank statements
  • Business details
  • Profit and loss account statements with computation of income plus balance sheet
  • Latest Income Tax Returns

For NRIs

  • Proof of identity
  • Passport size photograph
  • Residential address proof
  • Overseas residential address proof
  • Latest NRE account statements
  • Business details (for self-employed)
  • Work permit or employment contract letter (for salaried)
  • Valid Visa and passport copy
  • Property-related documents

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