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IndiaBulls Home Loan for Bank Employees

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Indiabulls has introduced a specialised home loan tailored exclusively for bank employees in India. This initiative is designed to honour the contributions of bank workers by facilitating their path to homeownership. Those who qualify can enjoy low interest rates, high loan amounts, long repayment terms, and streamlined documentation. The online application process further simplifies the experience. It allows applicants to secure funding digitally without the need to visit a branch or handle physical paperwork. In this blog, learn more about the Indiabulls home loan for bank employees.

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Table of Content

1. Indiabulls Home Loan for Bank Employees Highlights

2. Indiabulls Home Loan for Bank Employees Fees and Charges

3. Indiabulls Home Loan for Bank Employees Documents Required

4. Indiabulls Home Loan for Bank Employees Eligibility Criteria

Written By

Hepson Franklin

Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Last Updated: 26th September 2024

Indiabulls Home Loan for Bank Employees – Highlights

Here are the Indiabulls home loan for bank employees’ interest rate and other key parameters:

Interest rate	9.75% p.a. onwards
Loan Amount	Based on the property price
Loan Tenure	Up to 30 years
Eligibility	Bank employees who receive a regular monthly salary

Indiabulls Home Loan for Bank Employees – Fees and Charges

Here are the fees and charges of an Indiabulls home loan for bank employees:

Fee/Charge	Amount
Processing fee	0.50% of the loan amount
Prepayment charges	2% of the prepayment amount
Late payment charges	24% p.a. on the default EMI
Repayment Mode/ Account Swap charges	₹500
Valuation and Legal fees	₹2,500
Stamp Duty	As per the state laws

Indiabulls Home Loan for Bank Employees – Documents Required

Here are the required documents regarding an Indiabulls home loan for bank employees:

Proof of Identity: Aadhaar card, PAN card, passport, driving license, or election ID.
Proof of Income: Salary slips, Form 16, IT returns, bank statements, etc.
Proof of Property: Sale deed, transfer of ownership, no objection certificate, land tax paid receipt, possession certificate, etc.
Additional Documents: A duly filled application form, passport-sized photographs, and processing fee cheque.

Indiabulls Home Loan for Bank Employees – Eligibility Criteria

The Indiabulls home loan for bank employees eligibility criteria is as follows:

Age Limit: Applicants should be aged between 21 to 65 years.
Employment Status: Applicants should be bank employees who receive a monthly salary.
Income requirements: Applicants should have a minimum income of ₹15,000 per month.
Work Experiences: Applicants must have at least two years of experience.
Credit Score: Applicants should have a good credit score, preferably 700 or above.
Residency Requirement: Applicants should be residents of India.

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