A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Indiabulls NRI Home Loan for Dubai

    Indiabulls offers home loans to Indians residing in Dubai and UK. The home financing facility comes with competitive interest rates starting from 8.80% p.a. However, the final rate offered will depend on your profile, the amount you have applied for, and the type of property against which you are taking the loan. You can get loans of more than Rs.3 crore with this financing scheme.

    Interest Rates and Other Particulars

    Interest Rates 8.80% p.a. to 12% p.a.
    Loan Tenure Up to 30 years
    Processing Fees Up to 1% of the loan amount

    Additional Fees and Charges

    Balance Transfer Transaction Handling Charges Rs.2,500
    Late Payment Penalties 24% p.a. of the outstanding EMI
    PDC/ECS Dishonour Fees Rs.500
    Account Statement Charges Rs.200
    Amortisation Schedule Charges Rs.200
    Database Admin Fee Rs.650

    Eligibility Criteria

    Age 21 years to 65 years
    Employment type Salaried or self-employed
    Nationality NRI

    Documents Required

    For Dubai-based NRIs
    • KYC documents (identity proof and residential address proof)
    • Last 3 months’ salary slips
    • Last 6 months’ bank statements
    • Credit report
    • Fully audited profit and loss account balance sheet
    • Last 2 year’s Income Tax Returns along with computation of the same
    • Property-related papers
    • Duly signed application form
    • Coloured passport-size photograph signed across
    • Processing fee cheque
    For UK-based NRIs
    • KYC documents (identity proof and residential address proof)
    • Last 3 months’ salary slips
    • Last 6 months’ bank statements
    • Form P60/P45
    • Latest employment contract or appointment letter
    • Fully audited profit and loss account balance sheet
    • Last 2 year’s Income Tax Returns along with computation of the same
    • Property-related papers
    • Account statement of existing loans
    • Bank statements showing loan repayments
    • Duly signed application form
    • Coloured passport-size photograph signed across
    • Processing fee cheque

    FAQ’s

    1. What type of collateral do I have to pledge?

      You can pledge any immovable property that’s free from encumbrances.

    2. Do I have to pay any additional amount if I plan to foreclosure my loan?

      No, Indiabulls doesn’t levy any foreclosure or prepayment charges.

    3. How is the interest calculated?

      Interest is calculated on the basis of monthly reducing balance.

    4. Will my credit score be considered while sanctioning the loan?

      Yes, the lender will check your credit score before sanctioning the loan or deciding on the final interest rate.

    5. I am an NRI living in UK. How should I get in touch with Indiabulls officials?

      The UK address is Indiabulls Housing Finance Ltd, 73 Brook Street, Mayfair, London, W1K 4HX. Alternatively, you can call 00 44 20 7440 1822 if you have any home loan related queries.

      

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    Indiabulls Dubai NRI Home Loan Reviews

    • Indiabulls
      "Need to improve customer service "
      0.5 2.0/5 "Expected more"
      At an Initial I took home loan from DHFL on sudden from their end transferred the process to INDIA BULLS without any intimation. But one issue was faced that my documents not submitted to INDIA BULLS hence I have submitted again. The amount sufficient was fine. EMI need to pay of 36K. The rate of interest is started with 8.35% gradually increased hence on last months was 8.90%. Their service is not good coordination with me.
      Was this review helpful? 181
      , thane
      Reviewed on Mar 12, 2020
    • Indiabulls
      Indiabulls
      "Good service"
      0.5 4.0/5 "Great!"
      I took home loan from INDIA BULLS, some people suggested to take a loan from this bank so chosen it. They have sanctioned the loan amount of 15L with tenure period of 15 years. Rate of interest is nominal. EMI need to pay of 17K. The processing fee is applicable. Since I am going to buy a plot so taken this loan offer.
      Was this review helpful? 150
      , hyderabad
      Reviewed on Mar 11, 2020
    • Indiabulls
      "Fraud & Cheater Company (MC,BC)"
      0.5 0.5/5 "Unacceptable"
      THEY ARE NOT CABALE TO HANDEL A CUSTOMER EVEN THEY ARE DOING FRAUD TO EVERY ONE Fraud & Cheater Company (MC,BC) BANDH KARDO BANK SALE LOG CHUTIYA BANATE HAI KOI KAAM KE NAI INDIABULLS SE LOAN LENE SE ACHA GHAR LENE KA PLAN CHOD DOO WHO LOG BAHOUT CHEAT KARTE HAI
      Was this review helpful? 59
      , mumbai
      Reviewed on Feb 19, 2020
    • Indiabulls
      "Fraudsters"
      0.5 0.5/5 "Unacceptable"
      Fraud bank. They increased the interest rate to 13% without notifying me. Even they removed that from their website. When I asked them my current interest rate, then I came to know that it's 13% So initiated BT immediately (It took long for BT in my case). They lost all my belief in them.
      Was this review helpful? 47
      , pune
      Reviewed on Feb 09, 2020
    • Indiabulls
      "Pathetic service. Never ever recommend "
      0.5 1.0/5 "Really Bad"
      Pathetic home loan experience with Indiabulls finance ltd. Bad branch customer service. Delays in disbursements. Forced home loan insurance. Higher interest rates earlier 8.5 and within 6months its 9.15. No timely response, knowledge less staff. Complete careless behaviour for PMAY. Negligence of proper documents proof for PMAY. Marks property as own without checking with customer. Frustrating
      Was this review helpful? 77
      , mumbai
      Reviewed on Dec 28, 2019
    • Indiabulls
      "Kambli"
      0.5 0.5/5 "Unacceptable"
      Pathetic home loan experience with Indiabulls finance ltd. Bad branch customer service. Delays in disbursements. Forced home loan insurance. Higher interest rates. No timely response, knowledge less staff. Complete careless behaviour for PMAY. Negligence of proper documents proof for PMAY. Marks property as own without checking with customer. Frustrating
      Was this review helpful? 57
      , mumbai
      Reviewed on Dec 28, 2019
    • Indiabulls
      "Cheater company"
      0.5 1.0/5 "Really Bad"
      They are cheating existing customer. I got home loan at interest rate of 8.50%. In just one year they increased to 10.9%. When I talked about this then they are saying sorry we can't help. I don't understand how can they are giving loan at 8.50% to new customer.
      Was this review helpful? 55
      , ahmedabad
      Reviewed on Dec 20, 2019
    • Indiabulls
      "Very Good Loan"
      0.5 5.0/5 "Blown Away!"
      Chosen my personal loan from Indiabulls because they have provided me a loan without any documents and it was a simple procedure and i have uploaded all the documents through mobile app. Within 3 days, they have sanctioned the loan. They have provided me a interest rate of 18%.
      Was this review helpful? 18
      , bangalore
      Reviewed on Nov 10, 2019
    • Indiabulls
      "Good"
      0.5 4.0/5 "Great!"
      My home loan is ongoing with Indiabulls since 5years back, it was taken. The rates are okay without any issues. The customer service is good. The loan tenure is 20years and the processing fee is included. I have purchased a Flat and the process was simple. Their executive helped me well.
      Was this review helpful? 3
      , visakhapatnam
      Reviewed on Nov 03, 2019
    • Indiabulls
      "Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      The rate of interest are very high in India bulls, if they are not reducing the interest obviously the customers will move to different banks. India bulls will provide 99% loan to the customer which is a catchy things which other banks don't. They offered me a rate of interest is 14%. It was a pre-approved loan. I have taken the loan amount of Rs. 26 lakhs for the tenure period of 20 years.
      Was this review helpful? 5
      , thane
      Reviewed on Oct 20, 2019
    • Indiabulls
      "Fine Loan"
      0.5 5.0/5 "Blown Away!"
      India bulls service is very good and approach, loan sanctioning time, query resolving skill is very good. Only thing is i don't like is their interest rate because the market interest rate is 8.3% but they have offered me a interest rate of 9.3% it was started with 8.65%. They are increasing the interest rate on a regular basis when i paid some amount, they have decreased upto 9.3%.
      Was this review helpful? 2
      , mysore
      Reviewed on Sep 20, 2019
    • Indiabulls
      "Average"
      0.5 4.0/5 "Great!"
      My housing loan is ongoing with Indiabulls. The rate of interest was 9.2% where SBI is charging 8.4% which is higher and they should reduce it. The customer service is good. I have taken the loan because my friends are working here and the documentation process was very much convenient for me.
      Was this review helpful? 5
      , new delhi
      Reviewed on Sep 16, 2019
    • Indiabulls
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have a home loan with Indiabulls because this is the only option I got it and my company pays me the salary through cash. The services are very good. The interest rate is floating and so far its good. Sometimes I pay less and sometimes pay more, its equitable. They charged me a processing fee closed to 7K for loan amount of 17L in 2 parts.
      Was this review helpful? 3
      , kolkata
      Reviewed on Aug 31, 2019
    • Indiabulls
      "Worst service"
      0.5 0.5/5 "Unacceptable"
      Indiabulls app is very worst and it won't update the details of the customer and loan amount. Interest rate is pretty good. If i call the customer care service for any clarification they won't available. I got the loan amount of Rs. 5000 and i have chosen the tenure period of 6 months. They have charged me a processing fee of Rs. 112 per month and the EMI amount is Rs. 892.
      Was this review helpful? 18
      , hyderabad
      Reviewed on Aug 30, 2019
    • Indiabulls
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan with INDIA BULLS on 2 years before which was processed through an other channel. The loan amount which was given for the sufficient amount for the duration of 20 years. The rate of interest and processing fee are high for this loan. Their service is good.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Aug 28, 2019
    • Indiabulls
      "Quite helpful executives"
      0.5 4.0/5 "Great!"
      I haven't touch with the India bulls customer care service. Taken my home loan from Home loan because the sales executive offered me this loan. I got the loan amount of Rs. 17 lakhs and i'm paying the EMI amount of Rs. 12000 every month. I have chosen the tenure period of 25 years.
      Was this review helpful? 1
      , kolkata
      Reviewed on Aug 26, 2019
    • Indiabulls
      "Excellent Service"
      0.5 4.5/5 "Excellent!"
      I have taken Home loan which was applied directly through India Bulls. I have applied for the loan amount was 7lakhs for the tenure of 15 years .The rate of interest and the processing fee was less.I have got nice help and support from India bulls .I am completely satisfied with the service .
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 16, 2019
    • Indiabulls
      "BETTER"
      0.5 3.0/5 "Satisfactory"
      I have been using the home loan with the INDIABULLS since from last 10 years, the documentation process was easy and simple added on that the rate of interest was 10% with the loan. The customer support is good and also i have faced no issues with the institute.
      Was this review helpful? 3
      , pune
      Reviewed on Jul 29, 2019
    • Indiabulls
      "GOOD"
      0.5 4.5/5 "Excellent!"
      I am using the loan from last 1.5 years, the documentation process was simple and easy and i got the loan amount of 28L, there was a processing fee applicable which was 10K below, the rate of interest was 8.5%, the duration for repaying was 30 years.
      Was this review helpful? 4
      , new delhi
      Reviewed on Jul 26, 2019
    • Indiabulls
      "Good"
      0.5 4.5/5 "Excellent!"
      I have applied Home Loan through One India Bulls housing finance limited. I was sanctioned with the loan of 10 lakhs. They have provided me loan with good rate of interest for the tenure of 25 years. I never has any issues in documentation which was done correctly and smooth.
      Was this review helpful? 7
      , ahmedabad
      Reviewed on Jul 13, 2019
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