Indo Home Loan

Looking to buy or renovate. Spruce up your property portfolio with an IZB home loan. Whether you would like a new kitchen or want to give your lounge a new lease of life, you could get more from your home.

Indo Home Loan

Individuals (salaried and unsalaried)

  • Outright Purchase of a ready-made.
  • Purchase of a Plot and construction of a house or construction of a house on an already existing plot, within a maximum period of         18 months
  • Home Improvement – For repairs/renovation/alteration/extension in the existing house/flat
  • Takeover/Refinance of home loans availed from other financial institutions.

Legal mortgage of property purchased or developed out of bank finance

FOR SALARIED BORROWER:

  1. Up to 90% of the cost of the project up to K 00 million (i.e., minimum customer margin/contribution of 10%),
  2. Up to 75% of the cost of the project above K 00 million (i.e., minimum customer margin/contribution of 25%),
  3. Takeover/Refinance of existing home loans availed from other financial institutions – loan amount to be Indo Home Loan Scheme restricted to the transfer amount plus any additional amount required to carry out additional/improvement works.
  4. Up to 75% of the cost of repairs/renovations/alterations of existing house/flat subject to a maximum of 50 million subject of debt service ratio norm.

 

NON-SALARIED BORROWER:

  1. Up to 80% of the cost of the project up to 00 million i.e., minimum customer margin/contribution of 20%
  2. Up to 75% of the cost of the project above 00 million i.e., minimum customer margin/contribution of 25%
  3. Takeover/Refinance of existing home loans availed from other financial institutions – loan amount to be restricted to the transfer amount plus any additional amount required to carry out additional/ improvement
  4. Up to 75% of the cost of repairs/renovations/alterations of existing house/flat subject to a maximum of 50 million subject to debt service ratio norm

SALARIED BORROWER

  • Maximum repayment period of 240 months within the borrower attaining the age of 60
  • In case of repairs/renovation/alterations of existing house/flat repayment should be made within a

maximum period of 120 months, subject to the borrower attaining the age of 60 years.

 

NON-SALARIED BORROWER

  • Maximum repayment period of 240 months within the borrower attaining 65 years
  • In case of repairs/renovation/alterations of existing house/flat repayment should be made within a

maximum period of 120 months.

Terms and Conditions Apply 

SECURE YOUR CHILDS FUTURE WITH OUR

SAVE PLUS ACCOUNT.

Exclusively designed savings account to inculcate savings habits in parents and guardians for their children. This savings account offers attractive interest rates and other benefits to realize your savings goals with other value added features such as IZB Contactless Visa Card, SMS Alert, Mobile and Internet Banking facility.

SECURE YOUR CHILDS FUTURE WITH OUR

PRIVILEGE SAVINGS ACCOUNT

This savings account comes with a cheque book facility I addition to other features such as SMS Alerts, Internet Banking and the IZB Contactless Visa  Card and is an interest bearing savings account.

SECURE YOUR CHILDS FUTURE WITH OUR

CLASSIC SAVINGS ACCOUNT

Sign up for our standard level savings account with value added features of SMS alerts, Internet Banking with the IZB Contactless Visa Card facilities and is as an interest bearing savings account.

CONTACT CUSTOMER CARE

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