A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    IndiaBulls Home Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.45% Floating
    0.5% (min. ₹8,625) One time fee
    2L - 3Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.40% Floating
    0.5% (min. ₹8,625) One time fee
    2L - 3Crs Women's Special!
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    9.95% - 10.40% FIXED:3 years,FLOATING Thereafter
    0.5% (min. ₹8,625) One time fee
    2L - 3Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

    IndiaBulls Home Loan is Rated as "Great!" by 338 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    Indiabulls Housing Finance Ltd. (IBHFL) is the 2nd largest housing finance company in India, regulated by the National Housing Bank (NHB). We have the highest rating of AAA from CARE ratings and Brickwork ratings. Indiabulls offer home loans at competitive rates, especially loans of up to Rs. 25 lakhs. Our employees are specially trained to guide the customer through different stages, right from the initial process of applying for a loan till the time he takes possession of his dream home.


     

    You’re probably eligible for an Indiabulls Bank Home Loan if you are

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    Indiabulls Bank Home Loan Minimum Age

    At least 23 years old

     Indiabulls Bank Home Loan Maximum Age

    Less than 70 years old

    Indiabulls Bank Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    Indiabulls Bank Home Loan Minimum Income

    Earn more than the minimum
    income required


     

    Your Indiabulls Bank Home Loan amount eligibility is based on these factors

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    Indiabulls Bank Home Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    Indiabulls Bank Home Loan Maximum Loan to property value

    Loan capped @ 80% of property value

    Indiabulls Bank Home Loan EMI

    EMIs of other loans lower
    your eligibility


     

    Increase your eligible Indiabulls Bank Home Loan amount by these steps

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    02
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    Indiabulls Bank Home Loan Add Spouse as Co-applicant

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

    Indiabulls Bank Home Loan Maximum Tenure

    Choose longer tenure loan 1 Year to 30 Years

    Indiabulls Bank Home Loan Add parents as Co-applicant

    Alternatively add your parents


     

    Documentation needed to apply for an Indiabulls Bank Home Loan

    • 1. Signed application form with photograph
    • 2. ID and residence proof
    • 3. Processing fee cheque
    • 4. Last 6 months bank statements
    • 5. Documentation for salaried applicants:
      • Last 3 months salary-slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:
      • Education qualification certificate & proof of business existence
      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

     

    Indiabulls Bank Home Loan Interest RatesUpdated on 28 Sep 2016

    Indiabulls Bank Home Loan Details
    Interest Rate (Floating) General Borrowers - 9.45%
    Women Borrowers - 9.40%
    Interest Rate (Fixed) 9.95% to 10.40%
    Processing Fees 0.5% of Loan Amount (Minimum of Rs.8625)
    Loan Tenure 1 year to 30 Years
    Partial pre-payment Charges Nil
    Pre-closure Charges Nil
    Guarantor Requirement No Guarantor Required

     

    Overview:

    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, quick approval and disbursal of the loan make the company a very popular choice for availing home loans. Buying a house turns into a memorable experience with the expertise, support and the very comprehensive housing loan offered by Indiabulls. Purchase of your dream home requires a big monetary investment, in-depth planning and responsibility, and your research/groundwork must be flawless. Indiabulls will guide you through every step of the entire process – from thinking of owning a house to actually acquiring it.

    Home Loans from Indiabulls:

    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.

    With Indiabulls housing loan customers can enjoy benefits like doorstep service, instant self-approval, quick processing, document checklist service and quick loan disbursal.

    Basically, Indiabulls offers home loans in two distinct formats. The same have been discussed in the following section

    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.

    Features and Benefits of Indiabulls Home Loans:

    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 amounts
    4. exceeding Rs.20 lakhs. For loans up to Rs.20 lakhs, the maximum loan offer is 85%.
    5. Flexibility to apply for the loan either individually or jointly. Co-applicants need not be co-owners.
    6. Very attractive and competitive rate of interest.
    7. Hassle free application process with quick turnaround time.
    8. Customer centric approach, immensely flexible and robust support.
    9. Save tax per Section 24 and Section 80C of the Income Tax Act.

    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.

    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.

    Indiabulls Home Loan 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.

    New Indiabulls Home Loan Interest Rates:

    India Bulls aims to provide the best cost effective housing loan in the market and hence offers attractive rates of interest on its housing loan. The bank offers a floating interest Rate starts at 9.45% to a maximum of 10.25% for its general customers. The bank offers a special rate of interest for its women customers at a floating rate of interest of 9.40%.


    Eligibility and Documentation for Indiabulls Home Loans:

    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.

    The following lists the documents to be submitted at the time of loan application,

    1. Duly filled and signed application form
    2. Processing Fee Cheque
    3. Identity proof with date of birth mentioned
    4. Proof of residence/address
    5. Income documents -
      1. For salaried individuals: Salary slips, Form 16 and bank statement
      2. For self-employed individuals: ITRs with financial statements, Bank statement
    6. Property Documents

    FAQ about 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

     

      1. 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.

    1. 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.

    2. 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

    News About Indiabulls Bank Home Loan

    • Indiabulls CIO Claims States That Customer Will Now Receive Home Loan Approvals with Just One Click

      Indiabulls has launched their e-home loans services already, but what is supposed to stand out with their online service against other lenders, is the fact that it is completely online. This is unlike other companies who simply make certain payments possible online, or an online application form. But ultimately people have to run around to get their home loan sanctioned. Indiabulls offers the chance to do it online with a loan sanction being possible online. This is as per the interview with Indiabulls Group COI, Mr Ahmed.

      13th September 2016

       
    • Home Loan Digitisation by Indiabulls Housing

      In one a kind home loan initiative in the world, Indiabulls Housing Finance has completed end-to-end digitisation of home loan sanctions. This initiative will enable borrowers to get a digital signature on the loan proposal and electronically submit documents and get approval based on income proof, online.

      The MD of the company, Gagan Banga believes that this new technology will increase productivity by 50% without adding on any extra manpower. The digital mechanism that enables home loan sanctions without the need of anything in the form of paper, uses eKYC and Aadhaar’s eSignature. The eKYC facility can be operated from few Samsung phones having iris camera or a device carried by the field agent. Indiabulls Housing also uses a special software – Perfios that verifies income and expenses of the borrower through bank statements.

      4th August 2016

       
    • Rs.1,650 Crore to be Raised by Indiabulls Housing Finance through ECBs

      Indiabulls Housing Finance is planning to associate with investment bankers and raise around Rs.1650 crore or $250 million, in an attempt to increase credit in the affordable housing sector. The housing finance company, which is one of the countries largest is aiming to achieve this target via external commercial borrowings.

      Indiabulls provides home loans as well as loans against property and some other options. The company has recorded a net profit of Rs.675.50 crore in the first quarter of this financial year, which is a 25% year-on-year hike.

      21st June 2016

       
    • Indiabulls says no to penalty fees for Chennai home loan debtors

      Country’s second biggest private home loan provider, Indiabulls Housing Finance, has made a noble announcement. It is offering a respite to Chennai flood victims as the organization has decided to forgo the penalty fees for late payments in EMIs after November. Heavily impacted by the natural disaster that unsettled ordinary life damaging properties and left people homeless, it was not feasible for clients to pay the EMIs in time. This initiative is to help fellow humans who are going through tough times in Chennai. They have already set up client support groups and are figuring out ways and means to help the affected people. The firm has also let off the processing charges for all home renovation loans taken due to the disaster. The aforementioned perks will be valid only for home repair loan applications given in before 31 December 2015.

      5th December 2015

       
    • Indiabulls Housing Finance reaps on bargain pursuing

      Indiabulls Housing Finance is essentially a home loan provider, but they also have other products like business loans and personal loans. They witnessed a one percent boost to INR 608.80 at 11:55 IST on BSE, with the stock recovering from its latest slip caused by declaring purchase of over 40 percent stake in UK-based OakNorth Bank for USD 10 crore. In the meantime, the BSE Sensex was up 272.66 points, or 1.07 percent to INR 25753.71. On BSE, so far 4.04 lakhs stocks were merchandised in the counter, compared with a middling size of 1.84 lakh stocks in the previous quarter. The shares have seen a whopping INR 626.75 and a low figure of 603 until now. It also attained a record high of INR 820 in August. The performance of the shares had not been up to mark over the last one month till 18 November 2015, seeing a 17.59 percent dip associated with 6.36 percent slash in the Sensex.

      19th November 2015

       
    • Net Profit of Indiabulls Housing Finance Ltd. Rises by 20.6% to Rs.511 Crore

      With an astounding rise in demand for home loans from smaller towns and non-metro areas, Indiabulls Housing Finance Ltd. has earned a net profit of 20.6% to stand at Rs.511 Crore during the first quarter of the financial year. Loan Book and disbursements have grown by 25% during this period. Also, in order to improve underwriting of loans against property and to grade all its LAP portfolio, Indiabulls Housing Finance has partnered with CRISIL which is one of the leading credit rating agencies in India.

      28th july 2015

       
    • Indiabulls Passes Repo Rate Benefits-Launches Home Loan at 10.10%

      Indiabulls, the country’s prominent private housing finance company, has reduced interest rates on home loan by 0.5 basis points to 10.10% for a limited period. The new interest rates are valid for home loans procured until April 15, 2015.


      The popular housing finance institution is leveraging RBI induced repo rate reduction to pass on benefits to consumers by decreasing the applicable interest rates. Repo rate is the rate at which RBI lends to commercial banks. The Apex bank has condensed Repo rate twice in the last three months.


      Indiabulls customers can take advantage of this scheme by choosing a fixed or floating rate option based on their budgeting requirements.


      20th March 2015

       

    IndiaBulls Home Loan Reviews

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