Bank
IndusInd Bank

IndusInd Bank stands tall today as one of the reputed banking brands in the country. The bank has been continuously investing in various advertising & marketing programs to enhance the brand image & recall. In an endeavour to emerge as best-in-class brand, IndusInd Bank has made 'Responsive Innovation' as a central theme of its brand building program. The Bank has combined responsiveness with innovation to launch a wide range of banking products and services which are unique, convenient and very relevant to Indian consumer.

About Home Loan

With Indusind bank, fulfilling the ambition of owning your own house is not only easy but an unforgettable experience. We offer Home Loans in India through the most trusted & reputed housing finance company.

Eligibility Criteria

  • For eligibility on particular product please contact us or the respective bank

Documents Required

 

Home Loan Documentation

 

Salaried Customers

Self Employed Professionals

Self Employed Businessman

Application form

Application form with photograph

KYC Documents

Valid identity/Residence/Signature proof

Income Documents

Latest 3 months salary slip

Education Qualifications Certificate and Proof of business existence

Education Qualifications Certificate and Proof of business existence

Form 16/ITR for last 3 years

Last 3 years Income Tax returns (self and business) & Last 3 years Profit /Loss and Balance Sheet

Business profile/Last 3 years Income Tax returns (self and business)/Last 3 years Profit /Loss and Balance Shee

Bank Statement

Last 6 months bank statements

Processing fee

Processing fee cheque

Processing fee cheque

Processing fee cheque

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer

About Personal Loan

Be it renovating your home, going on your dream vacation or buying your special someone that coveted gift, count on us to make it happen.Fulfil all your financial needs with our hassle free Personal Loans, which are designed to help you live life at the fullest.

Eligibility Criteria

Eligibility for Salaried Employee

  • This category includes salaried doctors, salaried Chartered Accountants, employees of select Public and Private Limited companies, Government Sector employees including Public Sector Undertakings and Central, State and Local bodies.
  • Minimum age at the time of application should be 21 years

  • Maximum age at personal loan maturity should be 60 years or retirement age whichever is earlier

  • Minimum net monthly income should be Rs.25000

  • Should have completed minimum 2 years in employment and minimum 1 year in the current organisation

  • Should have completed minimum 1 year of stay at the current residence, if rented

Eligibility for Self-employed Professional

  • This category includes self-employed doctors (MBBS and higher degree), Architects, Chartered Accountants, Company Secretaries, Engineers and MBA consultants.
  • Minimum age at the time of application should be 25 years

  • Maximum age at loan maturity should be 65 years

  • Minimum annual net income post tax should be Rs.4.8 lakh

  • Should have 4 years of post qualification experience

Eligibility for Self-employed Individual

  • This category includes self-employed sole proprietors, directors and partners in the business of manufacturing, trading or services.
  • Minimum age at the time of application should be 25 years
  • Maximum age at loan maturity should be 65 years
  • Minimum annual net income post tax should be Rs.4.8 lakh
  • Should have 5 years of post qualification experience

Documents Required

Documentation for Salaried Employee

  • Proof of identity
  • Proof of residence
  • Proof of Income: Latest 3 months salary slip / salary certificate and latest Form 16
  • Bank Statements: Latest 3 months bank statement (where salary is credited)

Documentation for Self-employed Professional

  • Proof of identity
  • Proof of residence
  • Business (Current Account) Bank Statements (latest 6 months bank statement/passbook
  • Proof of qualification: Highest Professional Degree
  • Latest 2 years ITR along with computation of income, B/S, P&L a/c with all schedules certified by a CA
  • Profession continuity proof

Documentation for Self-employed Individual

  • Proof of Identity
  • Proof of residence
  • Business (Current Account) bank statements (latest 6 months bank statement / passbook)
  • Latest 2 years ITR along with computation of income, B/S, P&L a/c with all schedules certified by a CA
  • Business continuity proof: Trade license / establishment/sales tax certificate)
  • Additional mandatory documents: Sole proprietorship declaration/certified copy of partnership deed /certified copy of MOA, AOA and Board resolution.In case of income derived from a partnership firm, latest 2 years partnership firm's B/S, P&L a/c with all schedules certified by a CA

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer

About Loan Against Property

Indusind Bank “Loan against Property” meet your business or personal needs. Their “Loan against Property” solutions will help you unlock the hidden value of your property. With this multi-purpose loan you can now fulfill any of your personal or business needs. What’s more, this loan can be repaid comfortably over as many as 15 years.

Eligibility Criteria

Following constitution borrowers are eligible

  • Individuals/Proprietorship concerns
  • Partnership firms

  • Private Limited Companies

  • Closely held Public Ltd Companies (not listed on any stock exchange)

Salaried Individual

  • Any individual employed permanently in any Public sector Undertaking, Government undertaking, Multi National Company, Listed public limited company or well-known private limited company can apply
  • Minimum age at the time of loan application should be 21 years & maximum age at loan maturity should be lower than retirement age

Self Employed Professional/Non Professionals

  • Doctors, Charted Accountants, Cost Accountants, Architects, Engineers, Company Secretary, CFA's can apply
  • Any individual filling Income Tax returns can apply

  • Minimum age at the time of loan application should be 21 years & maximum age at loan maturity should not exceed of 70 years           

Documents Required

Documentation

 

Individuals

Non Individuals

Application form

Application form with photograph

KYC Documents

Valid identity/Residence/Signature proof

Proof of Income

Latest Form 16/ITR copy/Appointment letter and latest 3 months’ salary slips / Salary Certificate

Latest 2 years ITR along with Computation and Acknowledgement. 2 years financials with full schedules & audit rpt (Form 3CD & 3CB). Financials to be audited for T/O > 40 /60 Lacs case else shoud be CA certified

Bank Statement

Latest 6 months bank statement of the MAIN CA/SA/CC/OD account

Property documents

Copy of all property documents of the concerned property that you wish to mortgage for loan

Processing fee

Processing fee cheque

Processing fee cheque

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer