IndusInd Bank Mortgage Loan Interest rates in Ranga Reddy
Please Find the Detailed IndusInd Bank Mortgage Loan Interest Rates
| 2,00,00,000 Above | upto To 2,00,00,000 | |
|---|---|---|
| Commercial Properties | 10.35% | 10.35% |
| Residential Properties | 10.25% | 10.25% |
Loan To Value (LTV) For IndusInd Bank Mortgage Loan in Ranga Reddy
Please Find the Detailed Margin Money Details For IndusInd Bank Mortgage Loan
| 2,00,00,000 Above | upto To 2,00,00,000 | |
|---|---|---|
| Commercial Properties | 55.00% | 60.00% |
| Residential Properties | 75.00% | 75.00% |
Features of IndusInd Bank Mortgage Loan Ranga Reddy
| Type | Features |
|---|---|
| Processing Fee | Upto 2.0% |
| Pre Closure Charges | Non Individual - 4.0% |
| Part Payment Charges | Allowed |
| Min Tenure | 5 Years |
| Max Tenure | 15 Years |
| Min Age | 21 Years |
| Max Age | 65 Years |
| Min Loan Amount | Rs.15,00,000/- |
| Max Loan Amount | Rs.10,00,00,000/- |
IndusInd Bank Mortgage Loan Ranga Reddy Charges
| Type | Charges |
|---|---|
| Penal Interest | @24% Per Annum |
| Duplicate Statement Charges | Free |
| Insurance Cover | Upto Loan Amount |
| Inspection Charges | At Actuals |
| Legal Opinion Valuation Charges | At Actuals |
| Bounce Cheque Charges | Rs.500/- |
| Switch Variable To Fixed | Not Applicable |
| Switch Fixed To Variable | Not Applicable |
| Photocopy Documents | Rs.500/- |
| Charge For Exchanging E C S Mandate | Rs. 500/- |
| Repayment Schedule Charges | Rs.500/- |
| Loan Re Schedulement Charges | Free |
| N O C Issuance Charges | Rs.200/- |
Documentation For Mortgage Loan
For Salaried Persons
- Filled Application form
- Identity Proof (PAN CARD)
- Address Proof
- Latest 3 months Payslips
- Job Continuity Proof
- 2 Passport Size colour Photographs
- Co-Applicant identity proof, Address Proof
- Co-Applicant relationship Proof and Photograph
- 6 months Bank Statements
- 3 Post Dated Cheques/ECS Mandate
- Property Related documents
For Self Employed/Professionals
- Filled Application form
- Identity Proof
- Address Proof
- Last 2 years Income Tax Returns
- Professional/Self employed existence proof for more than 3 years
- 2 Passport Size colour Photographs
- Co-Applicant identity proof, Address Proof
- Co-Applicant relationship Proof and Photograph
- 6 months Bank Statements
- 3 Post Dated Cheques/ECS Mandate
- Property Related documents
Identity Proof For Mortgage Loan
- Passport
- Driving License
- PAN card
- Photo credit card (with embossed Signature and last two months statement)
- Banker's sign verification
Age Proof For Mortgage Loan
- PAN Card
- Passport
- License
- School leaving certificate
- Voter card
- Birth Certificate
- LIC policy (only for age Proof)
Address Proof For Mortgage Loan
- Passport
- Telephone bill (BSNL/MTNL)
- Electricity bill
- Title deed of property
- Rental agreement
- Driving license
- Election ID card
- Photo-credit card (with last two month statements)
Income Proof For Mortgage Loan
- Latest salary slip
- Current dated salary Certificate with latest form 16.
- Latest year IT Returns with Tax Audit reports(For Self Employed applicants)
Job Continuity Proof
- Form 16
- Relieving letter
- Appointment Letter (for last two months)
- Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)
IndusInd Bank Mortgage Loan FAQ's
About IndusInd Bank
"Indusind Bank Limited established in 1994. It is the first among new generation private sector bank in India, headquartered in Mumbai. The bank has specialized in retail banking services and continuously upgrades its support systems by introducing newer technologies In June 2004, the bank was merged with Ashok Leyland Finance, which is among the largest leasing finance and hire purchase companies in India.
Indusind Bank has 800 branches, and 1500 ATMs as of April 2016"
IndusInd Bank Highlights
BrandZ Top 50 Most Valuable Indian Brands of 2015
‘Best Bank 2015’ by Business India.
‘Best Bank Award’ for Electronic Payment System among Mid-sized Banks by IDRBT for the year 2015-16
Excellence in Procurement Sustainability’ Runners-up Award , 2015
Golden Peacock Award for Innovation Management’ presented at the 15th London Global Convention on Corporate Governance & Sustainability
‘Best Bank Financing the Industry - Highest Finance Sanctioned (Exports)’ by India Gem & Jewellery Awards 2015 (42nd Edition).
About Other Banks
Bajaj Finserv
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DHFL
Citi Bank
Dcb Bank
IDBI Bank
Kotak Mahindra Bank
RBL Bank
State Bank of India
Standard Chartered Bank
Avanse
LIC Housing Finance
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TATA Capital
Credila
HDFC Limited
Aditya Birla Housing Finance
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Edelweiss
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Yes Bank
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Things Keep In Mind While Avail a Mortgage Loan
A mortgage is actually made up of several parts – the collateral you used to secure the loan, your principal and interest payments and insurance.
Since most mortgages last 10 to 15 years of monthly payments, you should understand the how exactly it will works for you.
Type of Collateral You Are Offering
Principal And Interest
The principal is simply the sum of money you borrowed on mortgage.
Interest is what the lender charges you to use the money you borrowed, usually expressed as a percentage called the interest rate.
Principal and interest comprise your monthly payments in a process called amortization, which reduces your debt over a fixed period of time. With amortization, your monthly payments largely go toward paying off the interest in the early years, and gradually reduce the principal later on.
Factors That Affect your Loan Interest Rates
Expert Advice
Best Practices for Mortgage Loan
Things not to do for Mortgage Loan
Mortgage Loans Vs Lease Rental Discounting
| Lease Rental Discounting | Mortgage Loan |
|---|---|
| Lease Rental Discounting (LRD) will be based on the actual rental you are receiving on the property. | Mortgage loans will be provided based on already owned property. |
| There is no restriction on LRD loan usage. It can be used for any purpose. | There is no restriction on mortgage loan usage. It can be used for any purpose. |
| Lease Rental Discounting (LRD) will be provided for max of 10 years, However it depends on the rental agreement Tenure. | Mortgage loans will be restricted to max of 10 years of term, which will be varying from bank to bank in India. |
| Interest rate will be very from 11.00% to max of 15.00% based on the bank to bank. Generally Lease Rental Discounting (LRD) will be fixed interest loans. | Interest rate will be very from 10.5 % to max of 15% based on the bank to bank. Generally mortgage loans will be fixed interest loans. |
| The money received from the LRD will be used for any purpose. There is no end use restriction on the amount. | If the money received from a mortgage loan is used for business purposes, the interest can be claimed as an expense on the balance sheet of the business. |
| Loan can be availed up to max of Rs. 20.0 Cr under Lease Rental Discounting (LRD). | Mortgage Loans can be avail up to Rs. 30.0 Cr based on the type of property and its usage and value of property and eligibility of applicants as per banks norms. |
| There will be pre payment changes will be applicable for Lease Rental Discounting (LRD). This will be vary from 1% to 4% as per bank internal guidelines. | There will be pre payment changes will be applicable for mortgage loans. This will be vary from 1% to 3% as per bank internal guidelines. |
| Part/Pre Payments will be allowed based on the internal policies of the banks for Lease Rental Discounting (LRD). | Part/Prepayment will be allowed as per bank internal policies for Mortgage loans. |
| Lease Rental Discounting (LRD) eligibility depends on the type of tenant and credibility of tenant. | Mortgage loans also avail with the joint eligibility as company and director or blood relatives. |
| Banks can consider 90% of the Lease Rental value as repayment for loan under the Lease Rental Discounting (LRD) . | In Mortgage Loan max of 65% property value can avail as a Loan based on the type of property. |
| You can avail a top loan facility on your Lease Rental Discounting (LRD). | Top up facility will be varying from bank to bank internal guidelines. |
About Ranga Reddy
Other Cities Loan Offers
Total Number Of Branches In Ranga Reddy (460)
STATE BANK OF HYDERABAD (92 Branches)ANDHRA BANK (80 Branches)STATE BANK OF INDIA (36 Branches)SYNDICATE BANK (31 Branches)THE STATE CO-OP BANK LTD (18 Branches)ICICI BANK LTD (18 Branches)AXIS BANK (16 Branches)SOUTH INDIAN BANK (16 Branches)INDIAN BANK (15 Branches)CANARA BANK (12 Branches)HDFC BANK (12 Branches)BANK OF INDIA (10 Branches)CORPORATION BANK (10 Branches)CENTRAL BANK OF INDIA (9 Branches)BANK OF BARODA (9 Branches)INDIAN OVERSEAS BANK (8 Branches)IDBI BANK (8 Branches)VIJAYA BANK (8 Branches)CITY UNION BANK LTD (5 Branches)INDUSIND BANK (4 Branches)DENA BANK (4 Branches)LAKSHMI VILAS BANK (4 Branches)KARUR VYSYA BANK (4 Branches)STATE BANK OF MYSORE (3 Branches)ORIENTAL BANK OF COMMERCE (3 Branches)KARNATAKA BANK LTD (3 Branches)FEDERAL BANK (3 Branches)BANK OF MAHARASHTRA (3 Branches)YES BANK (2 Branches)UCO BANK (2 Branches)UNION BANK OF INDIA (1 Branches)BHARATIYA MAHILA BANK LTD (1 Branches)BANDHAN BANK LTD (1 Branches)CITI BANK (1 Branches)DCB BANK LTD (1 Branches)ING VYSYA BANK (1 Branches)PUNJAB & SIND BANK (1 Branches)PUNJAB NATIONAL BANK (1 Branches)STATE BANK OF PATIALA (1 Branches)STATE BANK OF TRAVANCORE (1 Branches)KOTAK MAHINDRA BANK LTD (1 Branches)THE AP MAHESH CO-OP BANK LTD (1 Branches)
02-05-2019, 14:33
State Bank of India customers can operate without minimum balance restrictions
State Bank of India small and basic savings bank deposit accounts do not restrict the account holder to maintain a specific average of daily balances in a month.
12-04-2019, 12:50
State Bank of India reduces MCLR by 5 basis points, now stand at 8.50 for one year tenor and effective from 10-04-2019
State Bank of India has reduced its benchmark lending rates by 5 basis points across all tenors. The marginal cost of fund based lending reate (MCLR), will now stand at 8.50 percen ...
08-04-2019, 11:56
State Bank of India offers linking PAN and Aadhaar to SBI account online
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02-04-2019, 15:01
Fixed Deposit interest rates to the tune of 5.75-6.85 percent to the general public and to senior citizens across three categories
State Bank of India pays fixed deposit interest rates to the tune of 5.75-6.85 percent to the general public and to senior citizens across three categories.
01-04-2019, 14:51
State Bank of India levies a fine of Rs 5-15 from savings account holders failing to maintain the required balance
State Bank of India charges a penalty amount ranging from Rs 5 to 15 (Excluding GST) from savings bank account holders failing to maintain the specified balance.
18-03-2019, 12:06
State Bank of India Cash Withdrawal Limits
State Bank of India ATMs enable customers to withdrawal up to a daily limit of Rs 40,000. This limit is applicable on Classic Debit card. Higher value cards permit daily withdrawal ...
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