At least 23 years old

Less than 70 years old

Salaried / Self-employed
with regular income

Earn more than the minimum
income required

EMI limited to about 50%
of monthly income

Loan capped @ 80% of property value

EMIs of other loans lower
your eligibility

Make your spouse a co-applicant,
and her income will add
to your eligibility

Choose longer tenure loan 1 Year to 30 Years

Alternatively add your parents

Indiabulls Home Loan

Indiabulls Home Loans gives you an opportunity to live your dream of owning a beautiful house. Their home loan schemes have been especially designed to suit the varied needs of individual customers.

Complete assistance from the Indiabulls customer counselling team, doorstep service, instant approval, quick processing, document checklist service and quick disbursal of the loan make the company a very popular choice for availing home loans.

Indiabulls will guide you through every step of the entire process – from thinking of owning a house to actually acquiring it.

Indiabulls Housing and Finance Ltd. is one of the leading and most preferred brands in real estate and housing in the nation. By providing comprehensive tools like Home Loan Eligibility Calculator, EMI Calculator, Tax Benefit Calculator, the company makes sure that the borrower gets the best deal.

Features and Benefits of Indiabulls Home Loan

The following attention, grabbing features and customer centric benefits make home loans from Indiabulls, an attractive proposition for any serious seeker of home loans in India,

1. The maximum offered tenure for repayment of loan is 20 years.
2. Instant loan application and approval on the corporate portal.
3. The maximum loan on offer is 80% of the overall cost of the property. This rule applies for loan amountsexceeding Rs.20 lakhs. For loans up to Rs.20 lakhs, the maximum loan offer is 85%.
4. Flexibility to apply for the loan either individually or jointly. Co-applicants need not be co-owners.
5. Very attractive and competitive rate of interest.
6. Hassle free application process with quick turnaround time.
7. Customer centric approach, immensely flexible and robust support.
8. Save tax per Section 24 and Section 80C of the Income Tax Act.

Indiabulls Home Loan Eligibility Criteria

The applicant must satisfy the following conditions to be eligible for the loan:

1. He/she must be a resident Indian. NRIs can only apply for the NRI Home Loans.
2. The loan amount can only be used to purchase properties in India.
3. The applicant must be older than 21 years and must not be over 65 years at loan maturity.
4. He/she must have a steady source of income, as proved by accompanying documents.
5. He/she must have a good credit history, with no obvious red flags.

Documents Required for Indiabulls Home Loan

1. The following lists the documents to be submitted at the time of loan application,
2. Duly filled and signed application form
3. Processing Fee Cheque
4. Identity proof with date of birth mentioned
5. Proof of residence/address
6. Income documents -

• For salaried individuals: Salary slips, Form 16 and bank statement
• For self-employed individuals: ITRs with financial statements, Bank statement

1. Property Documents

Indiabulls Home Loan Interest Rates

India Bulls aims to provide the best cost effective housing loan in the market and hence offers attractive rate of interest on its housing loan. The bank offers a floating interest Rate starts at 8.40% to a maximum of 10.05% for its general customers. The bank offers a special rate of interest for its women customers at a floating rate of interest at 8.35% - 10%.

CategoriesHome Loan AmountVariable Rate of Interest

Variable Interest Rate - Special Offer Valid Till 30 June 2017

CategoriesHome Loan AmountVariable Rate of Interest

Home Loan Fixed Interest Rates

TenureHome Loan AmountROI

Indiabulls Home Loan EMI Calculator

As with its offline namesake, a Home Loan Calculator (Home Loan EMI Calculator, is also a common name) allows a user the convenience of calculating his/her home loan Equated Monthly Installments (EMI), electronically and with a minimal input of time. A prime example of such a time-saving, interactive and friendly Home Loan EMI Calculator can be found on BankBazaar.com. This tool offers the following discerning advantages-

1. Quick Turnaround: EMI calculations accomplished in mere seconds.
2. Comprehensive Info: All facets of your home loan EMI, explained and attractively displayed.
3. Experiment: Try different tenures and interest rates, find the best combination for you.
4. 100% Free: This lightning fast tool is completely free to use.

How to Apply for Indiabulls Home Loan through BankBazaar.com?

Applying for an Indiabulls home loan from BankBazaar.com is immensely simple and highly interactive. The following steps are involved in this procedure,

1. Logon to BankBazaar.com. On the homepage, seek the navigation panel that is located at the top. Herein, select the second menu item ‘LOANS’ and in there, the second option on the drop-down, ‘Home Loan’. Next, select ‘Indiabulls Home Loans’ from the adjoining slab.
2. The resultant page details home loans from Indiabulls. You will find a number of strategically placed options here, including ‘Check if you are eligible’, ‘Check how much you can borrow’, etc. Select an option to launch the corresponding action.
3. The ‘Apply Now’ button is displayed prominently while nearing the bottom end of this page. Clicking on this will start off the process. Your application will next be forwarded to Indiabulls for further processing.
4. Track the status of your application through SMS and email alerts. BankBazaar’s expert customer support team will always be at hand to address all your queries and concerns.

Why Apply for Indiabulls Home Loan on BankBazaar.com?

1. Comparative Study:The website gives you the option of comparing Indiabulls Home Loans against the loans offered by other financial organizations/banks. You can also take help from the customer care team to assist you with all your queries.
2. Credibility:You can get all the information related to Indiabulls Home Loans in detail. Be it the terms and conditions, interest rates or any other unique information. The best part being that all information is updated and readily available.
3. Quick and Convenient:Apply for Indiabulls home loan from the comfort of your office/home. Refer to BankBazaar.com to check out all the features, and make the application and documentation a very quick and smooth process. The loan disbursal will happen in quick time.
4. Privacy:The personal information you provide, with regards to the loan application, will be shared only with Indiabulls. Apart from this, it will be treated with the utmost care and kept completely private.

Home Loans including Loans for NRIs:

This is the standard loan, applicable for resident Indians who wish to purchase property in India. A comprehensive package that is intended for the smart borrower, the India bulls home loans offer a range of features and benefits that are customized for the Indian context, and in line with the express requirements of an Indian subscriber. If you are an NRI , and currently residing in the UK or Dubai, Indiabulls offers a powerful medium to purchase property in India, without having to compensate or overpay to balance out your NRI status.

Indiabulls Home Loans against Property:

Indiabulls offers loans against property. This scheme comes with multiple advantages to its borrowers. Funds can be generated by unlocking the property value along with the luxury of staying in the house, and can also satisfy the need for any immediate expenses. It can also be used for something like buying another house/property or business expansion.

FAQs On Indiabulls Home Loan

1. What type of property can be purchased with the Indiabulls Home Loan?
   • Purchase of flats, apartments, independent house, bungalow etc.
   • Property that is part of an existing owner’s association or co-operative housing society.
   • Residential plots, constructing a new house, buying a plot and then building a house.
   • Extending your current home by adding rooms, floors, etc.
   • Renovation and/or repair of the current residential property.
2. What are the applicable processing fees charged prior to loan disbursement?

   Loan Amount.	Applicable Processing Fee.
   Upto Rs.28 lakhs	Rs.7,500
   From Rs.28 lakhs to Rs.50 lakhs	Maximum 0.50% of the loan amount
   Above Rs.50 lakhs	Upto 0.50% to 1.00% of the loan amount

3. Who must I choose as co-applicant(s) for the loan?

   Any immediate family member (must be related by blood).

   • Spouse, Children
   • Remember that the co-applicants need not necessarily be co-owners.
4. What is the maximum available repayment tenure?

   The maximum repayment tenure is 30 years. However, the term is limited to the applicant attaining the age of 65 years or the accepted retirement age, whichever comes first.

5. Name the various formats of home loans extended by Indiabulls?
   • Home loans are offered when the applicant needs the same for the following conditions-
   • To purchase a brand new house
   • To buy a residential plot and then construct a house
   • When applicant transfers his/her balance from another lender to Indiabulls
   • Loans against existing property
   • Loans for builders against existing properties