Indiabulls Home Loan Interest Rates
Home loans offered by Indiabulls are available at attractive interest rates starting at 9.30% per annum and have easy repayment options. The team at Indiabulls offers seamless end-to-end support for your offline and online home loan application. The bank provides financing for over 10,000 pre-approved projects with a maximum loan-to-value ratio. An applicant with the ideal profile can get a home loan of up to Rs. 5 crores. The zero hidden charges, hassle-free documentation, and swift processing make this a sought-after product.
Check Latest Home Loan Offer From Indiabulls
Compare Indiabulls Home Loan Interest Rates with Other Lenders
Before finalising your decision to secure Indiabulls home loan, comparing the offered interest rates with other available lenders is essential. It will allow borrowers to make more informed decisions. Here's how Indiabulls Home Loan compare with other top banks and financial institutions:
- Starting Interest Rate (p.a)
- Processing Fee
- Min. Loan Amount
IDFC FIRST Bank HL Interest Rate
8.75% - 10.5%
Up to 3.5% of the loan amount
₹1L - ₹10Cr
Tenure(1 - 30 Years)
HDFC Bank HL Interest Rate
8.35% - 9.4%
₹4,999 One time fee
₹1L - ₹10Cr
Tenure(1 - 30 Years)
Axis Bank HL Interest Rate
8.7% - 13.3%
0.50%(Min ₹10,000)one time fee
₹1L - ₹5Cr
Tenure(1 - 25 Years)
Kotak Bank HL Interest Rate
8.7% - 9.6%
Up to 3% of loan amount
₹10L - ₹10Cr
Tenure(5 - 25 Years)
Indiabulls Housing Finance (IBHF) offers various housing finance to cater to versatile client requirements. Indiabulls home loan interest rates start from 9.3% 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 in Indiabulls allows rural and semi-urban residents to borrow home loans from IBHF.
It offers a range of home loan products, including Home Purchase Loans, Home Improvement Loans, Home Extension Loans, Land Purchase Loans, Land Development Loans, and other mortgage loan products. It also provides services such as loan processing and loan repayment assistance. Indiabulls is one of India's few lenders offering a wide range of home loan products. Additionally, the company has a team of experienced professionals who can provide customers with personalised advice and assistance.
Indiabulls Home Loan Interest Rates 2024
The offered Indiabulls Home Loan interest rate depends on the borrower's profile, loan amount and loan tenure. The current interest rate offered by Indiabulls Housing Finance Ltd. starts from 9.3% per annum onwards. The exact rate of interest you will be offered will depend on the factors such as credibility, annual income, financial history, etc.
Indiabulls Home Loan Highlights
Here are the key highlights of Indiabulls Home Loan:
- Home Loan up to ₹5 Crore: Indiabulls offers home loans up to ₹5 Crore with flexible repayment tenure.
- Low-Interest Rate: Indiabulls Home Loan Interest rates start from 9.3% p.a. onwards.
- Minimal Documentation: The documentation process is hassle-free and minimal.
- Flexible Repayment Options: Flexible repayment options of up to 30 years.
- Doorstep Service: Complete assistance for doorstep services for all your Home loan-related needs.
- Fast Processing: Home Loan processing within 48 hours for existing customers.
- Balance Transfer: A balance transfer facility available for lower interest rates.
- Maximum Loan to Value (LTV): Maximum Loan to Value of up to 90% of the property value.
Indiabulls Home Interest Rates on Loan Schemes
Indiabulls offers four types of home loans. These include the following:
|Indiabulls Home Loans
|Indiabulls Rural Home Loans
|Indiabulls Home Loans for NRIs
|Indiabulls Home Loan Balance Transfer
Indiabulls Home Loan Interest for Salaried and Self-Employed
Indiabulls offers home loans for salaried and self-employed individuals:
For salaried individuals, Indiabulls offers attractive interest rates starting from 9.3% onwards, flexible repayment options and quick processing. The loan amount is calculated based on the salary structure of the applicant. The loan amount can range from Rs.2 Lakhs to Rs.5 Crore.
Indiabulls offers competitive interest rates starting from 9.3% onwards, flexible repayment options and quick processing for self-employed individuals.
Indiabulls Home Loan Interest for Govt Employee
Indiabulls offers special benefits to government employees. These include the following:
- Easy Loan Approvals: Indiabulls offers quick and easy loan approvals to government employees. The process is simple and hassle-free.
- Low-Interest Rates: Indiabulls offers government employees one of the lowest interest rates in the industry, starting from 9.3% per annum. It helps them save on the interest they need to pay back.
- Tax Benefits: Government employees can avail of special tax benefits offered by Indiabulls. It helps them save more money on their loan repayments.
- Flexible Repayment Terms: Government employees can choose from a range of flexible repayment terms offered by Indiabulls. It allows them to plan their finances better and make repayment easier.
- EMI Calculators: Indiabulls home loan interest rate calculator helps government employees calculate the amount of EMI they must pay monthly. It helps them plan their finances better.
Indiabulls Home Loan Interest Rate For Women
Indiabulls Home Loan interest rates for women begin from 9.3% onwards. These loan products are available only for salaried individuals and self-employed individuals.
Indiabulls Home Loan Interest Rate For NRI
Indiabulls provides NRI home loans at reasonable prices, terms, and conditions. It is already quite popular in India due to its setup in Dubai. The loan has low-interest rates, quick paperwork, flexible repayment options, and virtual guidance. Getting a housing loan for NRIs is now easy. However, the offered interest rate is available only at the bank's discretion based on the applicant's profile.
Indiabulls Home Loan Interest Rate and Other Charges
|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 a loan amount of more than Rs. 300 Lakh.
|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
|Registration Charges for Borrowers’ ECS Mandate
|Charges for the Account/Amortisation Schedule Statement
|Income Tax Certificate in Home Loans
|Database Admin Fee
|Charges for Certified Copies of Title Deeds from SRO
|As Per Actual
How to Calculate Indiabulls Home Loan Interest?
To calculate home loan interest, the applicant can either rely on Indiabulls home loan interest rate calculator or can use the given formula:
EMI = [P x r x (1+r)^n]/[(1+r)^n-1],
- P represents the Principal amount.
- r is the rate of interest on the loan.
- n denotes the repayment tenure.
Balance Transfer Indiabulls Home Loan
A 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 starts from 9.30% 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.
Why are Indiabulls Home Loan Interest Rates the Best for Customers?
Indiabulls Home Loan interest rates are some of the most competitive in the industry. They offer a range of products, from traditional fixed-rate loans to adjustable-rate mortgages, and customers can choose the loan product that best suits their needs. Indiabulls also offers competitive processing fees and flexible repayment options, making it a great choice for customers looking for the best home loan interest rates.
Indiabulls Home Loan Interest Rates for Existing Customers
The Indiabulls Home Loan Interest rates are competitive and provide existing customers with various benefits, such as competitive interest rates, flexible repayment options, low processing fees and quick disbursal. Existing customers can also avail of discounts on loan charges, such as zero processing fees, zero prepayment charges, and no foreclosure charges. Customers can also enjoy the convenience of doorstep services and online loan application facilities.
Factors that affect Indiabulls Home Loan Interest Rate
The following factors impact the Indiabulls Home Loan Interest rate and EMI amount:
- The applicant's CIBIL score is considered while computing the interest rate and EMI amount, as the bank wants to evaluate the applicant's creditworthiness.
- The tenure of repayment also impacts the EMI amount on the home loan. A longer tenure will spread the repayment amount and make the repayment more manageable.
- The scheme under which one has applied for a home loan also plays a role. Indiabulls provides special discounted interest rates and fast processing for government employees. Additionally, the bank can offer special concessions to women borrowers on interest rates.
- Indiabulls also offers home loan top-up loans to existing home loan borrowers, wherein the interest rate applicable is lower than a new home loan.
Need Loan Assistance?
Connect with Loan Advisor Now!
Other Loans Offered by Indiabulls
Other Banks Home Loan Calculator
- Axis Bank Home Loan Calculator
- HDFC Bank Home Loan Calculator
- Bank of Baroda Home Loan Calculator
- Canara Bank Home Loan Calculator
- Union Bank of India Home Loan Calculator
- State Bank of India Home Loan Calculator
- IndusInd Bank Home Loan Calculator
- Punjab National Bank Home Loan Calculator
- YES Bank Home Loan Calculator
- Federal Bank Home Loan Calculator
- IDBI Bank Home Loan Calculator
- CITI Bank Home Loan Calculator
- IDFC FIRST Bank Home Loan Calculator
- Bank of Maharashtra Home Loan Calculator
- karnataka bank Home Loan Calculator
- Deutsche Bank Home Loan Calculator
- RBL Bank Home Loan Calculator
- Punjab & Sind Bank Home Loan Calculator
- Kotak Bank Home Loan Calculator
- Indian bank Home Loan Calculator
- Bank of India Home Loan Calculator
- HSBC Home Loan Calculator
Home Loan by Other Banks
- Bank of Baroda Home Loan
- Axis Bank Home Loan
- HDFC Bank Home Loan
- ICICI Bank Home Loan
- Bajaj Finserv Home Loan
- Canara Bank Home Loan
- Union Bank of India Home Loan
- DHFL Home Loan
- CITI Bank Home Loan
- YES Bank Home Loan
- Federal Bank Home Loan
- IndusInd Bank Home Loan
- State Bank of India Home Loan
- Hero FinCorp Home Loan
- Punjab National Bank Home Loan
- IDFC FIRST Bank Home Loan
- IDBI Bank Home Loan
- Kotak Bank Home Loan
- Ujjivan Small Finance Bank Home Loan
- Muthoot Finance Ltd Home Loan
- Godrej Housing Finance Home Loan
- Tata Capital Housing Finance Limited Home Loan
- Vastu Housing Finance Home Loan
- HDFC Sales Home Loan
- Indian bank Home Loan
- Capital First Ltd. Home Loan
- Home First Finance Company Home Loan
- Poonawalla Fincorp Limited Home Loan
- Hero Housing Finance Home Loan
- Clix Capital Home Loan
- Aditya Birla Finance Limited Home Loan
- Housing Development Finance Corporation Home Loan
- L&T Finance Home Loan
- HSBC Home Loan
- Reliance Capital Home Loan
- LIC Housing Finance Home Loan
- Bank of India Home Loan
- Fullerton India Home Loan
- IIFL Finance Home Loan
- Piramal Housing Finance Home Loan
- Edelweiss Financial Services Home Loan
- Aadhar housing Finance Home Loan
- DCB Bank Home Loan
- Punjab National Bank Housing Finance Home Loan
- Capri Global Home Loan
- Punjab & Sind Bank Home Loan
- Bank of Maharashtra Home Loan
- karnataka bank Home Loan
- RBL Bank Home Loan
- Cholamandalam Finance Home Loan
- Deutsche Bank Home Loan
Home Loan Calculators
Frequently Asked Questions (FAQs)
Does Indiabulls provide a 90% home loan?
Yes, Indiabulls provide 90% of the property value as a home loan.
What is the EMI for a 30 lakhs home loan for 20 years?
The EMI for a 30 lakhs home loan for 20 years is subject to the offered interest rate and can vary from one borrower to another.
How can I reduce my Indiabulls home loan interest rate?
To reduce Indiabulls home loan interest rate, make a huge down payment and count on making part-prepayments.