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Home Loan in Indore

In Indore, home loans start at 8.30% p.a. for loan amounts up to 90% of the value of the property and payback terms up to 30 years. To current house loan borrowers of other lenders, several lenders also provide the option of home loan balance transfers. With the use of this service, current borrowers can refinance their existing mortgages with lower-interest lenders. Home loan lenders in Indore also offer special house loan programs for demographics like women borrowers, armed forces members, senior citizens, low-income groups, borrowers without proof of income, NRI/PIOs, etc.

Highlights on Home Loans in Indore

Before diving into more detailed information, here is a quick highlight of home loans in Indore with information like interest rates and processing fees.

Interest Rates 7.35% to 11.50%
Processing Fee Up to 0.50% of the loan amount
Maximum Loan Amount Upto Rs. 5 Crore
Maximum Tenure Up to 30 years

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Check Home Loan interest rates available in Indore from India's leading banks.

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HDFC Bank Home Loan in Indore starting at.

8.35% - 9.4%

Axis Bank Home Loan in Indore starting at.

8.7% - 13.3%

ICICI Bank Home Loan in Indore starting at.

9.25% - 10.05%

YES Bank Home Loan in Indore starting at.

9.4% - 10.25%

IndiaBulls Home Loan in Indore starting at.

8.99% - 9.75%

CITI Bank Home Loan in Indore starting at.


Bank of Baroda Home Loan in Indore starting at.

8.4% - 10.6%

DHFL Home Loan in Indore starting at.


Canara Bank Home Loan in Indore starting at.

8.5% - 11.25%

IndusInd Bank Home Loan in Indore starting at.

8.5% - 10.57%

Union Bank of India Home Loan in Indore starting at.


State Bank of India Home Loan in Indore starting at.

8.4% - 10.15%

Punjab National Bank Home Loan in Indore starting at.

8.4% - 10.25%

Indian bank Home Loan in Indore starting at.

8.4% - 9.9%

Bank of India Home Loan in Indore starting at.


Bank of Maharashtra Home Loan in Indore starting at.


Housing Loan Eligibility Criteria in Indore 

The eligibility criteria for a home loan in Indore depend on various factors depending on the lender’s policy. Below are the eligibility criteria to help you search for a better home loan in Indore.

Eligibility Criteria For Salaried For Self-Employed
Nationality Resident Indian Resident Indian
Age 23 to 75 years 25 to 70 years
Work experience/business continuity 3 years or more 5 years or more
Income Employed with a stable source of income Showcase of stable revenue from your existing profession or business

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Madhya Pradesh

Home Loan EMI Calculator

  • 5 Lac
  • 20 Cr
  • 5
  • 30
  • 6
  • 20

Monthly Loan EMI

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Home Loan in Indore - An Overview

Indore is a major city in Madhya Pradesh state of India. It's situated in an upland region on the Saraswati and Khan waterways, which are feeders of the Shipra River. Declared India's cleanest city by Swachh Survekshan in 2018 and 2019, Indore is a rapidly developing city in Madhya Pradesh. In addition to the fact that it is an education centre with an IIM and an IIT, it is also the business capital of the state. With property costs beginning from Rs.10 lakh to around Rs.1 crore, a helpful method for building your own house is to get a home loan in Indore.

How to Get a Housing Loan in Indore with Fast Disbursement

Everyone wants their loan to get disbursed in a minimum time frame. If you, too, desire a quick disbursement of your home loan, these tips might help you. You can visit the Urban Money website to apply for a desired home loan and follow the instructions mentioned below:

  • Visit the Urban Money website on a desktop or smartphone.
  • Choose the home loan option between different loan categories.
  • The next step is to provide the required information about yourself to proceed further with the application.
  • Now, to provide all document-related information that the website will ask for, follow the instructions on the web page.
  • After all the online proceedings, a representative will contact you with further instructions.

Here are some additional tips for you to better your chances for a quick disbursement of your home loan in Indore:

  • Provide Accurate Documents: Providing accurate information to the lenders will gradually reduce the time of verification. Hence, give you your desired home loan in Indore with quick disbursement.
  • Maintain a higher credit score: Maintaining an impressive credit score will boost the verification process in your favour, resulting in minimum waiting for home loans in Indore.
  • Apply Online: The online application process saves the time of bank visits and the physical documentation process in a more secure manner.

Documents Required for Home Loan in Indore

Applying for a home loan can be a tricky process as it requires the applicant to provide related documents to the lender for verification. These documents are mentioned below:

  • A well-filled application form for a home loan.
  • The PAN card of the applicant
  • For ID Proof: Aadhar card/voter ID/Driving License/other acceptable proofs
  • For Address Proof: Utility bills/ Driving license/ Aadhar card/Rent Agreement/ Gas Connection Bill.
  • For Employment Proof: Employee ID/ Employment agreement/ Balance sheet and P&L account for last 2-3 years
  • For Income Proof: Salary slips/ Bank statements/ ITR filings
  • 2-3 Passport size photographs of the applicant
  • Documents related to the property
  • Documents required for disclosure of assets and liabilities


In a city like Indore, owning a house can do wonders for a person both financially and for residential purposes. Indore provides great investment opportunities for the future in the form of house investments. If you are looking to buy a beautiful house in Indore, you can apply through the above-mentioned link to proceed. Choose the best home loan for you with the best interest rates and other charges so that you can easily take a step closer to your dream home. It's time for you to check your eligibility and prepare the required documents, and with the help of the best home loans in Indore, your dream home may be barely days away.

People Also Asked About Home Loan in Indore

What is the process to transfer a home loan in Indore?

You can transfer your home loan in Indore by following the steps, including application to the current lender to get an NOC, getting confirmation from the lender after submitting the documents and at last, paying all the fees involved.

Which bank is the best for home loans in Indore?

You can refer to the above-mentioned information to select the best bank that suits you for your home loan.

Where can I get a Home Loan in Indore?

You can visit the Urban Money website to apply for a Home Loan in Indore.