A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Indiabulls Dubai NRI Home Loans - Interest Rate

    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 Home Loan
      "Worst bank"
      0.5 2.0/5 "Expected more"
      I never recommend indiabulls home loan to anyone. Earlier when i built a home i have taken loan from other company and they have offered me a loan with the rate of interest rate of 8.5% within a 3 months they have increased upto 9.5% and within a 1 year, they have increased 5 times. Even RBI says to reduce the interest rate also they won't reduce. They have a worst customer care and worst bank i never seen.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jun 09, 2019
    • Indiabulls
      Indiabulls Home Loan
      "NOT SATISFIED"
      0.5 1.0/5 "Really Bad"
      I have taken the loan with the INDIABULLS home loan and changed to another bank because of rate of interest was higher than others and used for 5 years this loan. The documentation process was simple and easy to the loan but the process was not good.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 08, 2019
    • Indiabulls Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with non - financial institution through India bulls, the loan amount which they have given to me was good, i have taken this loan on 2017 december this coming december it is going to get closed soon, so far i did not face any issue.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 30, 2019
    • Indiabulls Home Loan
      "you can veraious loan, Go for it"
      0.5 3.0/5 "Satisfactory"
      Purchased my home loan from Indiabulls. I am not satisfied with the loan service because of the high rate of interest rate and very slow response for the query. I have to do a follow up many times to resolve the query. The given the rate of Interest is very high. As per the RBI guideliness they have not deduced the interest rate
      Was this review helpful? 1
      , ghaziabad
      Reviewed on May 28, 2019
    • Indiabulls Home Loan
      "Good"
      0.5 4.5/5 "Excellent!"
      I have taken a home loan in INDIABULLS for 2 years ago. As per my expectation I received the loan for home loan for the duration of 20 years.The rate of interest is low. The processing fee was applicable.The customer service is good and supportive on time.
      Was this review helpful? 0
      , pune
      Reviewed on May 27, 2019
    • Indiabulls Home Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My housing loan was taken with INDIA BULLS , the services was good and process was smooth , i receive the loan on time . The tenure period is sufficent and they charge fine rate of interest which is nominal in the market . They gave option of preclosere and processing fee is nominal
      Was this review helpful? 1
      , kolkata
      Reviewed on May 20, 2019
    • Indiabulls Home Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      I have been holding my home loan with India bulls from long time, the loan amount which they have given to me was sufficient , the rate of interest they have charged me was nominal, they have previously charged me up to 8.45% but now it would be up to 9.45% one percent they use to increase every quarterly period.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 14, 2019
    • Indiabulls Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been quite a good experience i had with the Home loan from INDIABULLS where the process was quite easy and quick. The interest rate with them had been quite competitive when compared with the market rate. There has been some processing fee which they had charged which has been nominal.
      Was this review helpful? 0
      , chennai
      Reviewed on May 06, 2019
    • Indiabulls Home Loan
      "Not Satisfied with the services which they had provided"
      0.5 1.5/5 "Bad"
      The experience with my Home loan from INDIABULLS has not been a good experience, where the processing time was taken more time and for everything i had to visit the branch. There was too much inconvenience faced and they where increasing the interest rate every month and it was not even reflecting in their mobile application.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 03, 2019
    • Indiabulls Home Loan
      "Should provide prompt service and response"
      0.5 3.5/5 "Pretty good"
      I closed India bulls home loan they are not responding prompt that is the reason I switched over to other bank. I took the loan amount of Rs. 65 lakhs for the tenure of 25 years. I would suggest they should provide proper response to the customer. The process was not streamlined they changed the paper without my consideration.
      Was this review helpful? 0
      , chandigarh
      Reviewed on May 02, 2019
    • Indiabulls Home Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      I had taken a Home loan from INDIABULLS almost an year back and the experience had been good, but the interest rate with them was around 9.95% which was pretty much high. The process was completed in almost ten days and their customer support team was quite responsive.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 30, 2019
    • Indiabulls Home Loan
      "Unhappy with the services"
      0.5 2.0/5 "Expected more"
      Indiabulls was not up to the mark on the home loan. The services are not satisfactory and they are not responsive as well. The rate of interest and processing charges is also on the higher side. In all I was not happy with the process. They are not recommendable as well.
      Was this review helpful? 0
      , delhi
      Reviewed on Apr 29, 2019
    • Indiabulls Home Loan
      "ROI is high"
      0.5 4.0/5 "Great!"
      I earlier had a home loan with Indiabulls. The rate of interest is very high and without any intimation, the interest was increased every 15 days. The interest rate was of 9.25%. The services is good and they are responsive as well. In all no hassles.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Apr 29, 2019
    • Indiabulls Home Loan
      "fluctuation of interest rate"
      0.5 3.5/5 "Pretty good"
      I did a balance transfer from India bulls mainly for the fluctuation of interest rate without any prior information . At the same time they stopped funding in recent times . I considered these things and it will not workout for a longer tenure period .
      Was this review helpful? 0
      , delhi
      Reviewed on Apr 29, 2019
    • Indiabulls Home Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had taken a Home Loan from INDIABULLS a long time back where the process in getting the loan has been easy. The loan amount has been sufficient and the interest rate with them has been nominal. The processing fee and charges with them has been nominal and the loan is still running, There hasn't been any hassle faced with the services so far.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 24, 2019
    • Indiabulls Home Loan
      "Very Good choice for housing loan"
      0.5 5.0/5 "Blown Away!"
      I do have housing loan with India bulls, the interest is normal. I took the loan amount of Rs. 25 lakhs now I need to pay only Rs. 2.5 lakhs. They quoted me the interest around 8.99% now they revised to 9.5%, I done lots of part payment without any charges. They are very helpful and supportive on the queries handling.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 23, 2019
    • Indiabulls Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I hold my housing loan with Indiabulls for an while. They have given me loan on time without any delay, their service was good. The process in getting loan was simple, i got loan on time. Their rate of interest was nominal, still this loan is running.
      Was this review helpful? 2
      , new delhi
      Reviewed on Apr 19, 2019
    • Indiabulls Home Loan
      "Not happy about ... New ROI change "
      0.5 0.5/5 "Unacceptable"
      I have taken the loan 2016 .. ROI 9.60 ( during the year 2016) after construction ROI 8.40 ... around 2017 year end. Now ROI for plot loan 10.60 and construction loan 10.90 . Initial tenure was 20 years ... because of this sudden change in ROI -- resulted my loan tenure is increase to 40 year. all EMI is going a interest component only . Please don't opt a loan from Indiabulls
      Was this review helpful? 4
      , bangalore
      Reviewed on Apr 12, 2019
    • Indiabulls Home Loan
      "BETTER"
      0.5 3.0/5 "Satisfactory"
      I have applied for the home loan with the INDIABULLS they have done the documentation process which was simple and quick process to get the loan. The loan amount got as per the eligibility criteria also the rate of interest was 10.65% which was higher. The customer service is good.
      Was this review helpful? 3
      , new delhi
      Reviewed on Apr 05, 2019
    • Indiabulls Home Loan
      "AVERAGE"
      0.5 2.0/5 "Expected more"
      I am not satisfied with the INDIABULLS housing loan where i have previously taken because they have offered with the higher rate of interest at the beginning it was 8.5% latter it was 10% and used till 1.5 years and latter done balance transfer with another bank.
      Was this review helpful? 5
      , ahmedabad
      Reviewed on Apr 02, 2019
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