Urban Money

IndiaBulls Loan Against Property

IndiaBulls
4.5

Indiabulls offer loans against property with maximum finance against the market value of a property at amazing interest rates starting from 10.50% per annum. Indiabulls offers mortgage loans against commercial as well as non commercial properties for a maximum repayment tenure of 15 years. Indiabulls offer seamless loan application procedure with easy and minimal documentation along with doorstep service.

  • IndiaBulls
  • Loan Against Property
Loan Amount:₹30L - ₹5Cr
Interest Rate:10.5% - 14.5%
Processing Fee: Up to 1%
Tenure:15 Years
Details
BanksInterest RateProcessing FeeLoan Amount/Tenure
IndiaBulls

10.5% - 14.5%

Up to 1%

₹30L - ₹5Cr

Tenure(Up to 15 Years)

Details

Features & Benefits of Indiabulls Loan Against Property

These are some of the main features of Indiabulls Loan Against Property you need to know before you apply for Indiabulls Loan Against Property:

  • Indiabulls offers loans against property up to 65% of the market value of the property.
  • Borrowers can generate funds by unlocking the value of their property while staying in their own homes.
  • Indiabulls offers loans against property at incredible interest rates to accommodate the emergency financial requirement of borrowers. 
  • You can avail quick loan processing.
  • Borrowers can switch the interest rate on the loan against property with floating interest rates. 
  • Indiabulls does not charge prepayment fees for individual floating rate loans. 

Indiabulls Loan Against Property Overview

Indiabulls offer loans against property with maximum finance against the market value of a property at amazing interest rates starting from 10.50% per annum. Indiabulls offers mortgage loans against commercial as well as non-commercial properties for a maximum repayment tenure of 15 years. 

  • Loans with continued occupancy on the property.
  • Quick loan processing
  • Convenient doorstep service for loans
  • Easy documentation process

Eligibility Criteria and Factors Affecting Indiabulls Loan Against Property Eligibility

Entities that can apply for a loan against property from Indiabulls include:

  • Small and mid-sized businesses
  • Self-employed professionals
  • Partnership firms
  • Private or closely held companies. 

Factors that affect Indiabulls loan against property eligibility are:

  • Age (self-employed professionals should be between the age of 18 and 65 years)
  • Credit history
  • Repayment capacity
  • Value of the property
  • Income of the borrower

Indiabulls Loan Against Property Fees and Charges

Description Charges
Processing Fees Up to 2% of the loan amount
Prepayment Charges for Individuals NIL for floating rate loans For fixed and floating rate loans (dual-rate loans)
  • NIL for full or partial payments (no matter the source after the Fixed Interest Loan has been converted into Floating Interest Loan after the expiry of its period.)
  • NIL for full or partial prepayments (During the loan’s Fixed Interest Rate period in which it is pre-closed from own sources. But for the full or partial prepayment from other sources during the loan’s Fixed Interest Rate period will require 5% prepayment fees of the amount prepaid for the first 2 years from the first disbursement date and 3% post the amount prepaid.)
Prepayment Charges for Non-Individuals For floating-rate loans and dual-rate loans:
  • NIL for payments up to 25% of the POS (principal outstanding) inclusive of prepayments within the previous 12 months
  • In case the prepayment amount exceeds 25% of POS inclusive of prepayments within the previous 12 months, the amount prepaid over that 25% will require pre-payment fees
  • Foreclosure or prepayment fee is applicable on foreclosure payments that include all prepayments within the previous 12 months.
  • 5% foreclosure or prepayment fee is applicable for the first two years from the first disbursement date and 3% subsequently.
PDC or ECS Dishonour Charges Rs. 750
Retrieval Charges of Loan Copies / Property Document in IB Custody NIL for emailing of scanned copies Rs. 500 for physical copies with IB attestation.
Late Payment Charges 24% on the outstanding EMI per annum
Account Statement or Amortization Schedule Charges  Rs. 200
Database Admin Fees Rs. 650 (inclusive of service tax)

Indiabulls Loan Against Property Interest Rates

 
Particulars Details
Interest Rate 10.50% per annum onwards
Loan Repayment Tenure 15 years
Processing Fees Up to 2% of the loan amount plus GST
Loan-to-Value Ratio Up to 70% of the property value

Factors Affecting Indiabulls Loan Against Property Interest Rates

The list of factors that affect loans against property in Indiabulls includes:

  • Nature of work
  • Property type
  • The current market value of the property
  • Loan amount
  • Your income
  • Credit history

Documents Required for Indiabulls Loan Against Property

The list of documents required to apply for a loan against property from Indiabulls includes:

  • Duly signed Indiabulls loan against property application form
  • Passport-sized photographs
  • Processing fee cheque
  • Documents related to property
  • Name proof
  • Date of birth proof
  • Address proof
  • Signature proof
  • Identity proof
  • Residence ownership proof
  • Documents of income

How Does the EMI Calculation Work for Indiabulls Loan Against Property?

Indiabulls’ Loan Against Property EMI Calculator helps you know the approximate instalment value of the loan you need to pay monthly for servicing your loan against property. You just need to enter a few details such as the principal amount of the loan, interest rate and loan repayment tenure to calculate the EMI amount in the online loan calculator.

How does Indiabulls Loan Against Property Compare with Other Lenders?

Indiabulls offers several schemes for loans against property at reasonable interest rates. The comparison of loan against property in Indiabulls with SBI and HDFC is as follows:

Particulars Indiabulls SBI HDFC
Interest Rate 10.50% per annum onwards 8.45 per annum onwards 7.50% - 9.15% per annum
Processing Fee Up to 2% of the loan amount + GST 1% of the loan amount + GST Up to 1.5% of the loan amount + GST
Repayment Tenure Up to 15 years Up to 15 years Up to 15 years
Age 18 - 65 years 18 - 70 years 18 - 65 years
Benchmark Rate PLR RLLR PLR

Indiabulls Loan Against Property Customer Care Number

Helpline Number: 1800-572-7777 Monday to Saturday – 9 am to 6 pm (Except 2nd and 3rd Saturdays and Public Holidays)

FAQs

From refinancing to reducing your interest, we have the answers right here.

Is there an application fee for Loan Against Property?

Yes. You need to pay a processing fee of up to 2% of the loan amount for a loan against property from Indiabulls.

Can I get a loan against the plot?

Yes.

What is LTV?

The LTV or Loan-to-Value ratio is a measure used to compare the mortgage amount with the value of a property purchased.

What is the maximum term for which I can avail a Loan Against Property (LAP) from Indiabulls?

The maximum repayment tenure for loans against property in Indiabulls is 15 years.

Does Indiabulls provide loans against property at the best rate?

Yes. You can take a loan against property from Indiabulls at an attractive interest rate of 10.50% per annum.

What is the maximum loan against the property amount I can get from Indiabulls?

You can get a loan against property of up to 65% of the market value of your property from Indiabulls.

How to apply for a loan against property in Indiabulls online?

If you are looking for an Indiabulls loan against property apply online, you need to visit the official website of the organisation and follow the process of loan against property application.

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