Indiabulls Housing and Finance Ltd. has is one of the leading and most trusted names in the world of housing finance. It has innovatively designed home loan schemes tailor-made to suit the needs of varied customers.
Indiabulls home loans also provide a doorstep service, instant self-approval, document checklist service, quick disbursal of loan and customer assistance. This makes the entire process of getting a loan smooth and hassle-free experience. Customers can make use of the company’s portal to make use of unique tools like EMI Calculator, Tax Benefit Calculator, Loan Eligibility Calculator for customer convenience.
Indiabulls has home loan schemes for Non Resident Indians (NRIs). Many Indians move abroad these days with the desire of ultimately settling down in India. This scheme has been especially designed for them.
Every Non Resident Indian, living abroad for work and career, has the dream of buying a house in India for his/her future use or for his parents. Buying a house in India is no mean feat, especially if the buyer doesn’t reside here.
It involves thorough stages like finding an ideal property, ensuring the builder credibility, paperwork, organising documents, and fulfilling the financial requirements. Indiabulls identifies and understands this challenge and offers NRI Home Loan services for Indians residing overseas.
UK has always attracted many Indians, since ages. The country is flourishing in terms of varied career prospects and academic excellence. Indiabulls offers home loans at affordable interest rates, and provides complete assistance through all the stages of buying a house (right from property search, financing options, legal, technical checks, and a lot more).
Features and Benefits:
The home loan scheme for UK based NRIs, provided by Indiabulls has with a lot of lucrative features and attractive benefits. These features make it ideal for NRIs residing in UK to avail this loan for buying a house in India. These key features have been listed below –
Impeccable doorstep service in reference to the loan process.
Quick approval of loan.
Extremely affordable and attractive interest rates.
Easy and fast disbursal of loan.
Already existing 5000+ pre-approved projects for customers to choose from.
The facility of loan sanction is provided even prior to the finalisation of the property to be bought.
Extremely easy monthly repayments available under part disbursements.
The facility of balance transfer is provided to customers with reduced interest rates and EMIs
Promised Safe storage of your important and valuable documents. This is certified by ISO
No pre-payment or foreclosure charges on home loan scheme for NRIs residing in UK.
The loan repayment term extends up to a period of 20 years. This is subject to certain terms and conditions
A strong customer base of over one lakh people
The method of repayment provided is Equated Monthly Instalments (EMIs) from the borrower’s NRE/NRO account.
The scheme offers loan for every need like resale of home and residential plot purchase.
Documentation:
The documents required for the purpose of availing Indiabulls Home Loans for NRIs residing in UK has been divided into three broad categories. They have been mentioned in detail, below.
NRI Documents Checklist:
Duly filled loan application form
The loan application, apart from being duly filled, must be signed by all applicants.
One coloured passport-size photograph of all applicants. This needs to be signed across the photograph.
Processing fee cheque.
KYC Documents:
Valid identity proof of the borrower like PAN Card along with Passport and Visa and UK Work Permit.
Proof of residence/address proof like Utility bills like telephone, electricity or water bill / Registered Rent Agreement.
Financial Documents:
Last 2 years’ Income Tax Returns along with computation and financials.
Bank statement for last 6 months (all active bank accounts).
Consumer Credit Check report.
Other Related Documents if and as applicable.
Sanction letter or account statement of existing loans.
Bank statement reflecting loan repayments.
Bank statement from where the borrower has made payment to the builder (his own contribution).
In case the property is already decided, photocopy of property title documents.
All documents to be self-attested by the borrower.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
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.
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.
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
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.
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
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
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?
63
Jigar Prajapati
, ahmedabad
Reviewed on Dec 20, 2019
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%.
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.
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.
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%.
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.
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.
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.
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.
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.
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 .
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.
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
KISHAN BIHARI
, new delhi
Reviewed on Jul 26, 2019
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.
