Indian Bank provides a wide range of banking products and solutions to millions of customers across India, and also offers home Loan products at attractive and affordable rates, which can be utilized for a variety of housing needs and requirements such as the purchase of a residential property, construction or renovation of a house and much more. Customers from all walks of life can apply for a home loan through Indian Bank, which can be repaid in easy instalments over a period of time.

Applicants who have availed of a home loan through Indian Bank can determine the amount as well as the number of equated monthly installments (EMIs) they would be required to make towards their loan on a regular basis. By utilizing an EMI home loan calculator online, applicants can ascertain their EMI or repayment schedule as well as details regarding their amortization. This will ultimately help applicants in planning their financial budgets in accordance with their repayments.

Indian Bank set its Marginal Cost of Funds Based Lending Rate (MCLR) for home loans at 9.45% for a loan tenure of 1 year. The MCLR rates came into effect on April 1st 2016 and are applicable to all rupee loans that are sanctioned by the bank

Indian Bank offers customers home loans at attractive and affordable interest rates. The rates of interest on Indian Bank home loans are designed to meet the housing needs and requirements of its customers.

An applicant can insure the residential property at his or her own expense with a bank clause inserted in. This will provide protection against risk such as fire, earthquakes and other natural disasters, as well as against other risks such as public disturbances and riots.

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In order to increase the chances of acquiring a home loan from Indian Bank, applicants can add the income of their spouse to increase their eligibility.

In addition to the regular home loans offered by Indian Bank, applicants can also avail of the Home Loan Plus scheme offered by the bank.