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Eligible borrowers can now avail Indiabulls home loans from Rs.2 lakh and up to Rs.3 crore with interest rates starting at 8.65% onwards. The loan can be availed for a maximum period of 30 years. The processing fee associated with these loans goes up to 2% of the loan amount.
Apply for a home loan from Indiabulls and choose between different types of housing loans based on your requirement. Avail Indiabulls home loans for the purpose of construction of a new house or purchase a new or existing flat/house.
Indiabulls offers several types of housing loans to suit to your need. Here are the different types of Indiabulls home loans:
Indiabulls Home Loans
Key Highlights:
End to end online housing loan processing – first in India.
Nil prepayment charges.
10,000+ pre-approved projects to choose from.
Online housing loans – processed through app and web.
Flexible loan tenure.
More than 4 lakh properties to choose from IB Home Finder.
Multiple repayment options.
Interest Rate
8.65% p.a. onwards
Processing Fee
1% onwards
Indiabulls Home Loan Balance Transfer
Key Highlights:
Nil prepayment charges.
Maximum loan to value ratio.
Multiple repayment options.
Choice of flexible loan tenures.
Interest Rate
8.80% to 12% p.a
Processing Fee
1% onwards
Indiabulls Loan Against Property
Key Highlights:
Maximum finance against the market value of your property.
At best mortgage loan rate of interest.
Doorstep service.
Flexible tenure and repayment options.
Easy documentation.
Attractive interest rate.
Interest Rate
9.90% onwards
Processing Fee
1.25% onwards
Indiabulls Home Extension Loan
Key Highlights:
For the purpose of extending your existing house.
Attractive interest rate.
End to end online loan process.
Nil prepayment charges.
Flexible loan tenure and multiple repayment options.
Simple documentation process
Available to new and existing customers.
Interest Rate
8.65% p.a. onwards
Processing Fee
1% onwards
Indiabulls Rural Home Loan
Key Highlights:
Housing loan designed for rural and semi-urban residents.
Attractive rate of interest.
Simple documentation process.
Flexible tenure and repayment options.
Interest Rate
8.65% p.a. onwards
Processing Fee
1% onwards
Indiabulls Home Loan EMI Calculator
Calculate the Equated Monthly Instalment (EMI) payable towards your housing loan using the Indiabulls Home Loan EMI calculator. The EMI per lakh is Rs.780.
Enter the required fields with required details such as loan amount, loan tenure, rate of interest and the processing fee on the Home Loan EMI Calculator and click ‘Calculate’. You’ll be redirected to a new page which offers the breakup of the total amount payable to the bank and the total interest payable along with the EMI payable during the tenure of the home loan.
Indiabulls Home Loan Eligibility Criteria
Salaried
• Resident of India
• NRI/PIO
• If a property is mortgaged, all joint owners will be co-applicants.
Self-Employed
Documents Required for All Home Loan Applications Under Indiabulls
Below are the documents required to apply for an Indiabulls housing loan:
Mandatory for all Applicants:
Duly signed application form.
Passport size photograph.
Proof of identity – PAN card/Aadhar card/Passport/Driving License/Voter ID.
Proof of address – Registered rental agreement/Electricity bill (valid only up to 3 months)/Passport.
Processing fee cheque.
Property documents:
Sale deed, Katha, Transfer of Ownership.
No Objection Certificate (NOC) from the builder/housing society (original copy).
Lad tax paid receipt.
Possession Certificate.
For Salaried:
Form 16 of last 2 years or Form 26 or IT returns for 2 years.
Salary Certificate of 1 year with authorised company stamp.
Bank statement for last 6 months.
Offer letter.
Salary slip of last 3 months.
For Self-Employed Professional
2 years IT Returns with computation.
Balance sheet of 2 years.
Profit and loss statement for last 2 years.
Bank statement of 6 months.
Qualification proof.
Gumasta license.
For Self-Employed Non-Professional
2 years IT Returns with computation.
Balance sheet for the last 2 years.
Profit and loss statement for the last 2 years.
Bank statement of last 6 months.
Qualification proof.
Gumasta license.
For BSF Customer:
Application form attested along with Service Certificate.
Form 16 of last 2 years.
Salary slips for the last 3 months.
Form 16 of last 2 years.
Confirmation Certificate/Service Certificate.
For NRI/Merchant Navy:
Registered Rental Agreement with utility bill (not less than 3 months).
Salary slip of last 6 months.
CDC (Continuous Discharge Certificate).
Passport.
Last 3 years contract copy.
1-year bank statement for NRE/NRO account.
Form 16 for 2 years with computation.
Other Related Documents:
Sanction Letter/Account Statement of existing loans and banks statements reflecting the loan repayments.
Form 16 in case of recent employment.
If property identified and chosen, then photocopy of property title documents.
Bank statement reflecting the payment made to the builder (own contribution).
Indiabulls Home Loan FAQs
What are the loan tenure options offered by Indiabulls towards home loans?
Indiabulls offers housing loans with tenures of up to 30 years; however, this is restricted till the age of 65 years or your retirement age, whichever is earlier.
How does Indiabulls charge or calculate the rate of interest for home loans?
Indiabulls calculates the rate of interest based on monthly rests.
What’s a monthly reducing balance?
The EMI payable includes two components – interest amount and the principal amount. When the interest is computed on monthly rests, the principal amount on which the interest is levied decreases every month.
What’s the loan tenure options for loan against property loan?
Indiabulls offers Loan Against Property (LAP) up to a maximum of 15 years; however, the term should not extend beyond 65 years of age or retirement age, whichever is earlier.
What’s an amortization schedule?
It’s a table reflecting how much you loan amount is reduced through monthly instalments and shows the breakup of every EMI into repayment of interest and outstanding principal of the loan.
Can I make part payment online?
Yes. Indiabulls offers the option to make part payment online through its customer portal through net banking/debit card/UPI.
When does the loan reflect the part payment of the home loan?
The turnaround time for the part payment is four working days, with the effect given on the realization date and interest benefits from realization date.
When will the interest rate on the loan account change?
If you pay the switch fee on or before the EMI cycle date, then the change shall be given from the next month’s cycle.
What’s the procedure for an NRI to avail a housing loan from Indiabulls?
Indiabulls has opened two offices in Dubai and London to assist NRIs in availing a home loan. You can either apply online or walk into their offices.
How is the eligible loan amount decided by Indiabulls?
Indiabulls considers parameters such as income, age, qualification, repayment capacity, number of dependents, spouse’s income, assets and liabilities, and the continuity and stability of your occupation.
Indiabulls Housing Finance Ltd (IBH) enter into strategic co-lending partnership with HDFC Ltd
In a bid to offer housing loans to homebuyers at competitive rates, Indiabulls Housing Finance Ltd (IBH) has entered into a strategic co-lending partnership with HDFC Ltd. As part of the partnership, Indiabulls it will originate retail home loans as per the jointly-drawn up credit policy and retain 20 percent of the loan in its books. The remaining 80 percent will be on HDFC Ltd’s books. It needs to be mentioned here that the Reserve Bank of India in September 2018 first allowed banks to co-originate priority sector loans with non-banks provided NBFCs had at least 20 percent exposure in the joint loan. Under the model, borrowers get an all-inclusive interest rate as agreed upon by both the lenders. As of 31 December, Indiabulls’ loan book stood at Rs.70,282 crore while HDFC Ltd had a loan book of Rs.5.52 trillion in the same period.
22 Apr 2021
Indiabulls Housing Finance to issue NCDs of Rs.1,000 crore
Indiabulls Housing Finance has recently proposed to issue 10,000 secured Non-Convertible Redeemable Debentures and the face value will be Rs.10 lakh each and this will aggregate to Rs.1,000 crore. This will be on a private placement basis. The base issue size will be Rs.100 crore and there will be a greenshoe option of Rs.900 crore for three years. The CRISIL has issued an “AA” rating, and the Brickwork Ratings has issued “AA+” ratings for this instrument. The company has also said that it remitted the External Commercial Borrowing (ECB) repayments worth Rs.1,140 crore which was due on April 24, 2020.
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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.
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34
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.
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3
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.
