IndiaBulls Home Loan

Features and Benefits of Indiabulls Home Loan

Know the multiple features and benefits you should know before you apply for Indiabulls Home Loan are:

• IBHFL offers an instant sanction facility.
• There are no hidden charges.
• Indiabulls Housing Finance Limited Company requires minimal documentation for home loans.
• You get attractive interest rates on Indiabulls Home Loans.
• IBHFL has easy and speedy processing for home loans.
• You get flexible repayment options on Indiabulls home loans.
• One can choose between long and short tenure as per their convenience.
• Borrowers can pay their loan using any of these payment options:
  • EMI
  • Prepayment
  • Flexible Loan Investment Plan through Cheque or Drafts / RTGS Transfer / Post Dated Cheque / Cash / NEFT / Fund Transfer

Indiabulls Housing Finance (IBHF) offers home loans of up to 90% of the value of the property. Indiabulls’ interest rates start from 8.65% per annum while its maximum loan tenure goes up to 30 years. It also provides a balance transfer facility to existing borrowers of Housing Finance Companies and other banks. A rural home loan scheme is also available in Indiabulls that allows rural and semi-urban residents to borrow home loans from IBHFL. 

• Instant sanction facility
• No hidden charges
• Minimal documentation required
• Attractive interest rates
• Easy and fast processing for home loans

Factors Affecting Indiabulls Home Loan Eligibility

Here are the Indiabulls home loan eligibility criteria that you should know before applying.

• The applicant should be between 18 and 65 years of age.
• Both Indian residents and NRIs can apply for the loan.
• The applicants must be salaried or self-employed professionals.
• Co-applicants can only be spouses or blood relatives.
• In the case of a joint home loan, co-applicants have to be the co-owner of the house.

Indiabulls Home Loan Fees and Charges

Particulars	Charges
Processing Fees	Rs. 10,000 for a loan amount that goes up to Rs. 30 Lakh. 0.50% for a loan amount between Rs. 30 Lakh and Rs. 300 Lakh. 0.50 - 1.00% for the loan amount of more than Rs. 300 Lakh.
Prepayment Charges	NIL - for floating rates. 2% of the amount prepaid - for loan prepayment from other than own sources during the loan’s Fixed Interest Rate period.
Late Payment Charges	24% of outstanding EMI per annum
PDC / ECS Dishonour Charges	Rs. 500 (for home loans) NIL (on the representation of ECS / PDC
PDC / ECS Swapping Charges	NIL
Registration Charges for Borrowers’ ECS Mandate	NIL
Charges for the Account/Amortisation Schedule Statement	Rs. 200
Income Tax Certificate in Home Loans	NIL
Database Admin Fee	Rs. 650
Charges for Certified Copies of Title Deeds from SRO	As Per Actual

Indiabulls Home Loan Interest Rates

Here’s a glance through the Indiabulls home loan interest rates and other particulars.

Particulars	Details
Interest Rate	8.65% Per Annum Onwards
Loan Amount	Up to 90% of Property Value
Loan Tenure	Up to 30 years
Processing Charges	1% onwards plus taxes

 Note: The above figures are subject to change according to the directives by Indiabulls Housing Finance Limited Company.

Types of Indiabulls Home Loans

Indiabulls offers four types of home loans. These include the following:

Indiabulls Home Loans	This loan type is offered to those seeking funds to purchase, renovate or extend a residential property. These loans are offered at interest rates starting from 8.65%. The loan amount offered in this type of loan is up to 90% of the value of the property. The tenure for these loans is up to 30 years.
Indiabulls Rural Home Loans	This type of loan is offered to all rural and semi-urban residents of India. These loans are offered at interest rates starting from 8.65%. The loan amount offered in this type of loan is decided per credit assessment. The tenure for these loans is up to 30 years.
Indiabulls Home Loans for NRIs	This loan type is offered to those who might be staying outside India but wish to buy a property in the country. The interest rates for these loans are decided as per credit assessment. The loan amount offered in this type of loan is determined per credit assessment. The tenure for these loans is up to 30 years.
Indiabulls Home Loan Balance Transfer	This loan type is offered to those who wish to transfer their existing home loan account to IBHFL for a lower rate of interest or for better terms to reduce their loan repayment. The interest rates for these loans range between 8.80% to 12% per annum. The loan amount offered in this type of loan is decided per credit assessment. The tenure for these loans is up to 30 years.

Indiabulls Home Loan Requirements: What Affects its Interest Rates?

Given below are the Indiabulls home loan requirements that affect its interest rates.

Credit score and history	Risk policy of the lender
The borrower’s age	Property type and value
Income of the borrower	Location of the borrower
Existing debts of the borrower	Nature of employment
Market conditions

Documents Required for Indiabulls Home Loan

• Given below is the list of documents required for the Indiabulls home loan application.
• Duly signed application form.
• The primary applicant’s passport size photograph.
• Identity Proof (Aadhaar Card / Pan Card / Passport / Driving Licence / Voter ID).
• Address Proof (Registered Rent Agreement, Electricity Bill valid only for 3 months, Passport).
• Processing Fee Cheque.
• Original Copies of the Property’s Documents:
  • A Sale Deed, Katha, Transfer of Ownership
  • NOC - No Objection Certificate from the builder or Housing Society
  • Possession Certificate
  • Land Tax Paid Receipt

How does the EMI Calculation Work for Indiabulls Home Loan?

Indiabulls’ Home Loan EMI Calculator helps you know the approximate EMI you need to pay monthly for servicing your housing loan. You only have to enter a few details such as the loan amount, interest rate, loan repayment tenure and processing fees to calculate the EMI amount in the online loan calculator. The EMI for an Indiabulls Home Loan is Rs. 780 per lakh.

How Does Indiabulls Home Loan Compare with Other Lenders?

Let’s take a look below what is the position of Indiabulls home loan when compared with other lenders.  

Particulars	Indiabulls	SBI	HDFC
Interest Rate	8.65% Per Annum Onwards	6.65% - 7.05% Per Annum	6.70% - 8.20% Per Annum
Processing Fees	1% onwards plus taxes	NIL	Minimum Rs. 3000
Maximum Loan Amount	Rs. 3 Crore	Rs. 7 Crore	Rs. 5 Crore
Maximum Repayment Tenure	25 Years	30 Years	30 Years
Lowest EMI Per Lakh	Rs. 815	Rs. 642	Rs. 645
Age	23 - 70 Years	18 - 70 Years	24 - 65 Years
Overdraft Facility	N	Y - SBI Maxgain	N
Benchmark Rate	PLR	RLLR	PLR

Balance Transfer Indiabulls Home Loan

Balance transfer loan is for those who wish to transfer their existing home loan account to Indiabulls for lower interest rates. The key highlights of Indiabulls Balance Transfer Home Loan Balance include:

• Interest Rate ranges from 8.80% to 12% per annum.
• The loan amount is as per the credit assessment.
• The maximum home loan repayment tenure is up to 30 years.
• Maximum loan to value ratio.
• Flexible options for loan tenures.

Note: The above rates are as on 30th November 2021. They are subject to change without prior notice.

Indiabulls Home Loan Customer Care Number

Helpline Number: 1800-572-7777

Official Hours: Monday to Saturday (9 am to 6 pm)

(Except 2nd and 3rd Saturdays and Public Holidays)