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  • Indiabulls Home Loan Eligibility

    Indiabulls home loan eligibility is based on criteria that makes the home loans accessible to a wide range of individuals. The maximum repayment tenure is 30 years or up to 65 years of age of the applicant, whichever is earlier. The home loans have attractive interest rates and minimal documentation with different schemes that meet individual requirements.

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    We found 2 Indiabulls Home Loan Eligibility
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    8.99% - 9.75% Floating
    Up to 1.00% One time fee
    Rs.2L - Rs.3Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9.25% - 11.20% Fixed
    Up to 0.50% One time fee
    Rs.2L - Rs.3Crs
    1 - 30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know

    Indiabulls Home Loan Eligibility Criteria

    The home loan eligibility criteria for Indiabulls are as given below:

    Age 21 years at the start of the loan and 65 years when loan period is completed
    Employment Type Salaried individuals
    Self-employed professional
    Self-employed non-professional

    Indiabulls Home Loan Eligibility Based on Salary

    Indiabulls’s home loan eligibility depends on the age of the applicant and salary or income. The home loan eligibility calculator given below shows you the loan amount based on the monthly income for a repayment tenure of 30 years with an interest rate of 8.99% p.a.

    Monthly Income Loan Amount
    Rs. 25,000 Rs.12,43,931
    Rs. 30,000 Rs.16,79,307
    Rs. 35,000 Rs.19,59,191
    Rs. 45,000 Rs.25,18,960
    Rs. 50,000 Rs.27,98,844
    Rs. 55,000 Rs.34,20,810
    Rs. 60,000 Rs.37,31,793
    Rs. 65,000 Rs.40,42,775
    Rs. 70,000 Rs.43,53,758
    Rs. 75,000 Rs.46,64,741

    Indiabulls Home loan Eligibility Based on Age

    Indiabulls’s home loan repayment tenure goes up to 30 years. When you take a loan at a younger age, you get a longer repayment tenure to pay off the loan and vice versa. Here is the maximum eligible tenure for different ages:

    Applicant’s Age Maximum Eligible Tenure
    21 years to 30 years 30 years
    31 years 29 years
    32 years 28 years
    33 years 27 years
    34 years 26 years
    35 years 25 years
    36 years 24 years
    37 years 23 years
    38 years 22 years
    39 years 21 years
    40 years 20 years
    41 years 19 years
    42 years 18 years
    43 years 17 years
    44 years 16 years
    45 years 15 years

    Note: The eligibility criteria for women are the same as for other applicants.

    Indiabulls Home loan Eligibility for Co-Applicant

    An applicant’s spouse or any immediate family members are eligible to be a co-applicant for Indiabulls’ home loans. The co-owner is also mandated to be a co-applicant for the home loan.

    Factors Affecting Indiabulls Home Loan Eligibility

    Indiabulls home loan eligibility is determined by the factors given below:

    • Applicant’s age
    • Applicant’s salary or income source
    • Indian citizenship status
    • Repayment capacity

    Indiabulls Home Loan Eligibility FAQ

    1. What information is required to use a home loan eligibility calculator?

      You can check how much home loan you are eligible for by using the free home loan eligibility calculator by entering the required information such as your net monthly income, preferred home loan repayment tenure, and the current interest rate.

    2. Will I be eligible for an Indiabulls home loan if I have not yet finalised the property?

      Yes, you can apply for an Indiabulls home loan even before you finalise a property.

    3. How does Indiabulls decide my home loan eligibility?

      Indiabulls decides your home loan eligibility based on your age, income or salary, as well as your repayment capacity.

    4. How can I increase my chances of being eligible for Indiabulls’s home loan?

      You can increase your eligibility for a Indiabulls home loan by adding a co-applicant. The co- applicant will help your chances of getting a higher loan amount if they have a regular source of income or a stable salary.

    5. Are NRIs eligible for Indiabulls home loans?

      Yes, Non-Resident Indians (NRIs) are eligible for Indiabulls home loans. The loan tenure for NRIs is 15 years.

      

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