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  • IndiaBulls Home Loan

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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 8.99% 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.
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    We found 2 IndiaBulls Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    8.99% - 9.75% Floating
    max. 1% on loan One time fee
    2L - 3Crs
    1-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9.25% - 11.20% FIXED
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know

    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.

    Interest Rate 8.99% p.a. onwards
    Loan Amount Up to Rs.5 crore
    Processing Fee Up to Rs.30 lakh: Rs.10,000
    Rs.30 lakh to Rs.3 crore: 0.50% of the loan amount.
    Above Rs.3 crore: 0.50% to 1% Of the loan amount.
    Maximum Tenure 30 years
    Rate Packages Available Floating/Fixed

    Indiabulls Home Loan Schemes

    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 8.99% p.a. onwards
    Processing Fee Up to Rs.30 lakh: Rs.10,000
    Rs.30 lakh to Rs.3 crore: 0.50% of the loan amount
    Above Rs.3 crore: 0.50% to 1% of the loan amount.

    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 Up to Rs.30 lakh: Rs.10,000
    Rs.30 lakh to Rs.3 crore: 0.50% of the loan amount
    Above Rs.3 crore: 0.50% to 1% of the loan amount.

    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 10.50% onwards
    Processing Fee Up to Rs.30 lakh: Rs.10,000
    Rs.30 lakh to Rs.3 crore: 0.50% of the loan amount
    Above Rs.3 crore: 0.50% to 1% of the loan amount.

    Indiabulls Home Loans for NRIs

    Key Highlights:

    • End to end online processing of home loans – first in India.
    • Nil prepayment charges.
    • Available to new and existing customers.
    • Flexible tenure options.
    • Maximum loan to value ratio.
    • Over 4 lakh properties to choose from Indiabulls Home Finder.
    Interest Rate 8.99% p.a. onwards
    Processing Fee Up to Rs.30 lakh: Rs.10,000
    Rs.30 lakh to Rs.3 crore: 0.50% of the loan amount
    Above Rs.3 crore: 0.50% to 1% of the loan amount.

    Indiabulls Home Renovation Loan

    Key Highlights:

    • For the purpose of extension/furnishing/repair of your house.
    • Easy loan processing through online option.
    • Simple documentation.
    • Nil prepayment charges.
    • Available to new and existing customers.
    • Loan tenure of up to 15 years.
    • Attractive rate of interest.
    Interest Rate 8.99% onwards
    Processing Fee Up to Rs.30 lakh: Rs.10,000
    Rs.30 lakh to Rs.3 crore: 0.50% of the loan amount
    Above Rs.3 crore: 0.50% to 1% of the loan amount.

    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 8.99% p.a. onwards
    Processing Fee Up to Rs.30 lakh: Rs.10,000
    Rs.30 lakh to Rs.3 crore: 0.50% of the loan amount
    Above Rs.3 crore: 0.50% to 1% of the loan amount.

    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 8.99% p.a. onwards
    Processing Fee Up to Rs.30 lakh: Rs.10,000
    Rs.30 lakh to Rs.3 crore: 0.50% of the loan amount
    Above Rs.3 crore: 0.50% to 1% of the loan amount.

    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.797.

    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

    1. What are the loan tenure options offered by Indiabulls towards home loans?
    2. 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.

    3. How does Indiabulls charge or calculate the rate of interest for home loans?
    4. Indiabulls calculates the rate of interest based on monthly rests.

    5. What’s a monthly reducing balance?
    6. 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.

    7. What’s the loan tenure options for loan against property loan?
    8. 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.

    9. What’s an amortization schedule?
    10. 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.

    11. Can I make part payment online?
    12. Yes. Indiabulls offers the option to make part payment online through its customer portal through net banking/debit card/UPI.

    13. When does the loan reflect the part payment of the home loan?
    14. 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.

    15. When will the interest rate on the loan account change?
    16. 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.

    17. What’s the procedure for an NRI to avail a housing loan from Indiabulls?
    18. 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.

    19. How is the eligible loan amount decided by Indiabulls?
    20. 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.

      

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    IndiaBulls Home Loan Reviews

    • Indiabulls Home Loan
      "Need to improve customer service "
      0.5 2.0/5 "Expected more"
      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.
      Was this review helpful? 4
      , thane
      Reviewed on Mar 12, 2020
    • Indiabulls
      Indiabulls Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Mar 11, 2020
    • Indiabulls Home Loan
      "Fraud & Cheater Company (MC,BC)"
      0.5 0.5/5 "Unacceptable"
      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
      Was this review helpful? 14
      , mumbai
      Reviewed on Feb 19, 2020
    • Indiabulls Home Loan
      "Fraudsters"
      0.5 0.5/5 "Unacceptable"
      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.
      Was this review helpful? 2
      , pune
      Reviewed on Feb 09, 2020
    • Indiabulls Home Loan
      "Pathetic service. Never ever recommend "
      0.5 1.0/5 "Really Bad"
      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
      Was this review helpful? 44
      , mumbai
      Reviewed on Dec 28, 2019
    • Indiabulls Home Loan
      "Kambli"
      0.5 0.5/5 "Unacceptable"
      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
      Was this review helpful? 28
      , mumbai
      Reviewed on Dec 28, 2019
    • Indiabulls Home Loan
      "Cheater company"
      0.5 1.0/5 "Really Bad"
      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? 14
      , ahmedabad
      Reviewed on Dec 20, 2019
    • Indiabulls Home Loan
      "Very Good Loan"
      0.5 5.0/5 "Blown Away!"
      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%.
      Was this review helpful? 4
      , bangalore
      Reviewed on Nov 10, 2019
    • Indiabulls Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 2
      , visakhapatnam
      Reviewed on Nov 03, 2019
    • Indiabulls Home Loan
      "Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 3
      , thane
      Reviewed on Oct 20, 2019
    • Indiabulls Home Loan
      "Fine Loan"
      0.5 5.0/5 "Blown Away!"
      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%.
      Was this review helpful? 1
      , mysore
      Reviewed on Sep 20, 2019
    • Indiabulls Home Loan
      "Average"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 4
      , new delhi
      Reviewed on Sep 16, 2019
    • Indiabulls Home Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 2
      , kolkata
      Reviewed on Aug 31, 2019
    • Indiabulls Home Loan
      "Worst service"
      0.5 0.5/5 "Unacceptable"
      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.
      Was this review helpful? 8
      , hyderabad
      Reviewed on Aug 30, 2019
    • Indiabulls Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Aug 28, 2019
    • Indiabulls Home Loan
      "Quite helpful executives"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 26, 2019
    • Indiabulls Home Loan
      "Excellent Service"
      0.5 4.5/5 "Excellent!"
      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 .
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 16, 2019
    • Indiabulls Home Loan
      "BETTER"
      0.5 3.0/5 "Satisfactory"
      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.
      Was this review helpful? 1
      , pune
      Reviewed on Jul 29, 2019
    • Indiabulls Home Loan
      "GOOD"
      0.5 4.5/5 "Excellent!"
      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? 0
      , new delhi
      Reviewed on Jul 26, 2019
    • Indiabulls Home Loan
      "Good"
      0.5 4.5/5 "Excellent!"
      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.
      Was this review helpful? 5
      , ahmedabad
      Reviewed on Jul 13, 2019
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