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 Details
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 |
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For UK-based NRIs |
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FAQs on Indiabulls NRI Home Loan for Dubai
- How is the interest calculated?
Interest is calculated on the basis of monthly reducing balance.
- What type of collateral do I have to pledge?
You can pledge any immovable property that's free from encumbrances.
- 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.
- 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.
- 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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