Here are highlights of Indiabulls Home Loan:
|Loan Amount||Up to 90 % of the property cost|
|Rate of interest||9.30% onwards|
|Tenure||Up to 30 Years|
|Lowest EMI possible||Rs. 826 per Lakh|
|Processing fee||Up to 0.50% of the loan amount + GST|
|Prepayment/ Foreclosure Charges||Nil for floating home loan|
Looking for 30 Lakh Home Loan? Check Interest rates, Eligibility, EMI & Apply Now!
Indiabulls offers Home Loans at floating as well as fixed interest rate. While the floating interest rates fluctuate as per the market conditions, fixed interest rates remain constant during the entire loan tenure.
Currently floating interest rates on Indiabulls home loan vary from 9.30% p.a. However, effective interest rate depends on a variety of factors such as profile, tenure, loan amount, and property type.
You can also opt for a dual home loan wherein loan is approved at fixed interest rate for the initial 2 years and shifts to a variable/ floating rate variant automatically for the rest of the tenure.
Also, note that interest is calculated on monthly rests and thus your interest component in EMI will reduce each month.
Check Best Home Loan Interest Rates starting @8.50% from different banks and NBFCs
|Lender||Maximum Loan Amount||Maximum Tenure||Interest Rate||Processing Fee|
|Indiabulls Home Loan||Up to 90% of property cost||30 years||9.30%||Up to 0.50% of the loan amount + GST & applicable statutory levies|
|HDFC Home Loan||Up to 90% of property cost||30 years||8.50% - 9.40%||Up to 0.50% or Rs. 4,500 (whichever is higher) + applicable taxes|
|Kotak Mahindra Home Loan||75% to 90 % of property value||30 years||8.75% - 9.60%||O.50% to 2.0 % + GST|
|IDFC First Home Loan||Rs. 5 Crores||30 years||8.85% - 9.25%||Up to 3% of loan amount|
|Bank of Baroda Home Loan||Up to 90% of property cost||30 years||8.60% - 10.60%||Rs. 8,500 + GST|
PMAY is a credit-linked subsidy scheme (CLSS) launched by Government of India for providing affordable housing to all Indians by 2022.
Indiabulls Housing Finance is one of the nominated financial institutions to provide Home Loans under PMAY scheme. The maximum eligible subsidy amount under PMAY is Rs 2.67 Lakhs annually. The last date to submit application for PMAY 2021 benefits is 31 March 2022 under LIG & EWS Categories.
You can also check DDA Housing Scheme 2023
|Processing fees||1.00% onwards|
|Prepayment charges- floating rate Loans (Individual)||NIL|
|Fixed and dual loans (fixed & floating loans)|
|Non-Individual Loans- Floating & dual loans- (fixed and floating loans)|
|Technical/ Valuation and Legal opinion charges, SRO search charges, ROC search charges, non-encumbrance certificate from SRO||Rs 2,500|
|Transaction handling charges for balance transfer or resale home loans||Rs 1,500|
|Charge for cheque / NACH dishonour||Rs 500 (home loans) |
Nil for ECS / PDC
|Late payment charges||24% p.a. on outstanding EMI|
|PDC/ ECS swapping charges||NIL|
|Retrieval charges for copies of loan /property document in IB custody||Emailing of scanned copies: NIL |
Physical copies with IB attestation: Rs 500
|Charges for statement of account / amortization schedule||Rs 200|
|Registration charges for borrowers’ ECS mandate (loan repayment)||NIL|
|Income Tax Certificate in home loans||NIL|
|Compliant handling charges||NIL|
|Charges for certified true copies of title deeds from SRO, if applicable||As per actual|
|Stamping charges of loan agreement||As per actual, subject to State laws|
|Stamping charges of other legal documents like indemnity bond, legal undertakings, legal affidavits, personal guarantee bond, power of attorney for NRI home loans||As per actual, subject to State laws|
|Original property documents retrieval for specific activity like production at SRO or development authority (on borrower request)||Rs 5,000|
|Database admin fee||Rs 650 (inclusive of service tax)|
* GST & statutory charges applicable in addition to levied fees & charges.
Additional Info: Also check Prepayment of Home Loan: Charges & RBI Rules
You can instantly check eligibility for Indiabulls housing loan online using home loan eligibility calculator. All you need to do is fill your monthly income, loan tenure & interest rate to check Indiabulls home loan eligibility amount.
Additional Info: Also check How to Calculate Home Loan Eligibility on Your Own?
To get your home loan application sanctioned and approved swiftly, go through following checklist. Keeping documentation handy helps you get faster turnaround for your Indiabulls Home Loan application.
List of Indiabulls home loan documents required for online application:
|Common documents (Mandatory for all applicants)|
|Documents for salaried applicants|
Income Documents (duly attested):
|Documents for Self-Employed (Non-Professional Applicants)|
|Documents for Self Employed Professionals|
|Documents for BSF Applicants|
|Documents for Merchant Navy/ NRI Applicants|
|Other Related Documents (If Applicable)|
Additional Info: Also check What are the Documents Required For Home Loan?
Indiabulls follows daily reducing balance method for calculating interest on Indiabulls home loan. You can determine your home loan EMI by making use of the MyMoneyMantra EMI Calculator. The process is simple. Enter the loan amount, interest rate and loan tenure in the calculator screen. You will instantly get loan EMI, total repayment amount along with complete amortisation schedule. You can save the same for future reference.
|Loan Amount||10 years||20 years||30 years|
|Rs 20 Lakh||Rs. 25,661||Rs. 18,382||Rs. 16,526|
|Rs 30 Lakh||Rs. 38,492||Rs. 27,573||Rs. 24,789|
|Rs 40 Lakh||Rs. 51,322||Rs. 36,764||Rs. 33,052|
|Rs 50 Lakh||Rs. 64,153||Rs. 45,955||Rs. 41,315|
|Rs 60 Lakh||Rs. 76,983||Rs. 55,147||Rs. 49,578|
*For EMI calculation purpose, flat rate of Interest @9.30% p.a. is considered.
The calculation is indicative only. Your EMI schedule will vary as per effective rate of interest offered to you.
You can also use Indiabulls Home Loan Calculator to get EMI details conveniently through the lender’s portal.
Additional Info: Check 35 Lakh Home Loan EMI Apply Online.
Indiabulls Housing Finance is authorised by the Government of India to offer Home Loans under the Pradhan Mantri Awas Yojana (PMAY). This program provides credit linked interest subsidy to the different categories of home loan borrowers: EWS, LIG, MIG I & MIG II. This subsidy is credited upfront to the loan account.
|Category of Borrower||Income Criteria||Loan amount range eligible for the subsidy||Maximum interest subsidy|
|Economically Weaker Section – EWS||Annual income up to Rs 3 Lakh||Rs 6 Lakh||6.5% subsidy with a maximum of Rs 2.67 Lakh|
|Lower Income Group – LIG||More than Rs 3 Lakhs and up to Rs 6 Lakh||Rs 6 Lakh||6.5% subsidy with a maximum of Rs 2.67 Lakh|
|Middle Income Group - MIG-I||More than Rs 6 Lakh and up to Rs 12 Lakh||Rs 9 Lakh||4% subsidy with a maximum of Rs 2.35 Lakh|
|Middle Income Group - MIG-II||More than Rs 12 Lakh and up to Rs 18 Lakh||Rs 12 Lakh||3% subsidy with a maximum of Rs 2.30 Lakh|
Additional Info: Also check How to Apply for Pradhan Mantri Awas Yojana
You can contact Indiabulls housing finance helpline at 1800-572-7777
(between Monday to Saturday from 9 am to 6 pm)
(Not available on second and third Saturdays and on public holidays)
SMS 'HOME' to 56677 for home loan related queries.
Customer service: firstname.lastname@example.org
New Customer: email@example.com
Loan against property: firstname.lastname@example.org
NRI Customer: email@example.com
You can also check Home Loan Customer Care Number of multiple banks.
Apply for instant home loan online at Interest Rate starting from as low as 8.50% p.a. Pay EMI of just Rs. 762 per Lakh. Loan can be repaid in flexible tenure of up to 30 years. Apply now with minimal documentation. Check eligibility & get instant approval here.
Indiabulls is a well known Housing Finance company. You should choose Indianbulls housing loan for end to end digital customer experience. The loan is offered to salaried as well self employed with minimum of 550 credit score. The eligibility criteria are lenient as compared to other top banks and HFCs. The best part is online as well as offline customer support. You can avail of loan guidance from experts for documentation and eligibility. The HFC offers doorstep service, right from the collection of documents to the disbursement. Thus, Indiabulls is one of the good choices for home loan.
Indiabulls offers Home Loans for the following purposes:
Factors that determine your home loan eligibility include your income, repayment capacity, age, co-applicant’s credit worth, loan amount & tenure, value of property in deal, credit score and existing fixed obligations to income ratio. Fixed obligations are your outstanding credit card bills, loan instalments, etc. Broadly you can also check loan eligibility by using home loan eligibility calculator. Share your income, interest rate & tenure in the calculator to check the amount eligibility instantly.
To check and download your Indiabulls home loan statement for ITR or any other purpose, use Indiabulls home loan login and password at customer portal, and sign up online. Choose ‘home loan provisional certificate’ under enquiries. Here you can check the loan statement or download as per your needs.
You can instantly check Indiabulls home loan application status online. All you need to do is login your home loan account and check the application status. Here is the direct link to check Indiabulls home loan application status online: https://login.indiabullshomeloans.com/edisha/#!/homeLoanProducts
Yes, Indiabulls offers Home Loan Balance Transfer (HLBT) facility at attractive interest rate. By moving your Home Loan to Indiabulls you can choose customised terms and enjoy hassle free & swift processing, online end to end facilitation, higher eligibility, top-up facility, easy documentation, transparent terms & no hidden charges, with an option to reduce EMIs or extend tenure as per your needs.
You can apply for a Indiabulls Home Loan online from app or website. You can apply for Indibulls Home Loan here. Our website helps you to compare various home loan products and make an informed decision according to your needs. Our loan representative can help you find the best available match for your profile.
To improve your home loan eligibility, take a few simple steps. First, add an eligible co-applicant with a stable income source. Make sure you have an excellent CIBIL history to back your home loan application. If you are already serving multiple loans, do close some of the existing accounts, especially unsecured ones and reduce FOIR. These steps will enhance your credit score and eligibility for a home loan.
Your CIBIL score is an essential factor for determining loan eligibility. Indiabulls Housing Finance requires a minimum of 550 CIBIL Score for approving a home loan application. Simple steps can help improve your cibil score. For instance, maintaining credit utilization ratio around 30%, having a good mix of secured loans and unsecured loans, repaying credit card bills in time and refraining from rolling off credit card bills & opting for EMI option can help you protect your credit score.
Home Loan insurance is not mandatory but an advisable step for a borrower. An Insurance cover can protect your long term interests in the most affordable manner. You can buy an insurance cover for your property as well as home loan. This will ensure financial protection for your family in case of death as well as property damage.
Yes, Indiabulls Housing Finance Ltd is one of the nominated NBFCs that provide loan benefit under the PMAY scheme. You can apply for PMAY benefits by logging into PMAY portal. The benefit will be directly offered to your loan account.
Yes you can switch over from a fixed interest rate home loan to a floating rate home loan. Also there is a dual home loan product at Indiabulls Housing Finance that remains at fixed rate for initial two years and consequently, shifts to a floating rate product. You can convert to a floating rate in between the tenure as well.