Sammaan Capital Home loan

Apply for Sammaan Capital Home Loan & avail of instant sanction for housing finance online. Sammaan Home Loan Interest Rates starts at 8.75% p.a onwards. You can opt for affordable EMIs with extended tenure of 30 years despite modest credit score.

Apply for Sammaan Capital Home loan @ 8.75% Interest Rates

  • Details
  • Features & Benefits
  • Interest Rates
  • Comparison
  • Schemes
  • Documents Required
  • Fees & Charges
  • Eligibility Criteria
  • Documents Required
  • How to Calculate EMI

Indiabulls Home Loan Details

Note: Indiabulls Housing Finance Ltd has rebranded itself in 2024. From July 2024 onwards, Indiabulls Housing Finance Ltd has been renamed as Sammaan Capital Ltd. Sammaan Capital will continue to focus on retail home loans and mortgage-backed loans to micro, small and medium enterprises (MSMEs).

Here are highlights of Indiabulls Home Loan:

Loan AmountUp to 90 % of the property cost
Rate of interest8.75% onwards
TenureUp to 30 Years
Lowest EMI possibleRs. 787 per Lakh
Processing feeUp to 0.50% of the loan amount + GST
Prepayment/ Foreclosure ChargesNil for floating home loan

Sammaan Capital Home Loan Features & Benefits

  • Simple application process
  • Quick approval & disbursal
  • Attractive interest rates
  • Sammaan Capital Home Loan Interest rate concession for women applicants
  • Flexible repayment plans
  • Tax benefits on Indiabulls home loan repayment
  • Flexible EMI schemes
  • Add a co-applicant to increase loan eligibility
  • Customised options according to borrowers’ needs.
  • Apply for purchase or construction of flat, villa or plot loan from SBI.
  • Sammaan Capital Home loan for under construction properties are also available.
  • No pre-payment and foreclosure charges on Indiabulls home loan.
  • No hidden charges.
  • Balance transfer & home loan top up facility available.
  • Online as well as offline customers support.
  • Check application & loan status instantly online.

Looking for 30 Lakh Home Loan? Check Interest rates, Eligibility, EMI & Apply Now!

Sammaan Capital Home Loan Interest Rates

Sammaan Capital 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 Sammaan Capital home loan vary from 8.75% 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 @7.35% from different banks and NBFCs

Sammaan Capital Home Loan Comparison with Other Lenders

LenderMaximum Loan AmountMaximum TenureInterest RateProcessing Fee
Sammaan Capital Home LoanUp to 90% of property cost30 years8.75%Up to 0.50% of the loan amount + GST & applicable statutory levies
HDFC Home LoanUp to 90% of property cost30 years7.90% - 9.00%Up to 0.50% or Rs. 4,500 (whichever is higher) + applicable taxes
Kotak Mahindra Home Loan75% to 90 % of property value30 years7.99%O.50% to 2.0 % + GST
IDFC First Home LoanRs. 5 Crores30 years8.85%Up to 3% of loan amount
Bank of Baroda Home LoanUp to 90% of property cost30 years7.45%Rs. 8,500 + GST

Indiabulls Home Loan Schemes

Sammaan Capital Home Loans

  • Instant home construction loan for purchase of a new or pre-owned residential unit.
  • End to end digital processing.
  • Open for both salaried as well as self-employed individuals.
  • Extended tenure up to 30 years at attractive rate of interest.
  • Sammaan Capital Housing finance up to 75% to 90% of the cost of the property, subject to loan amount, borrower’s income and fulfilment of other eligibility factors.
  • The loan tenure for salaried applicants should not extend beyond their retirement.
  • Self-employed persons can repay up to 65 years of age.

Sammaan Capital Home Improvement Loans

  • Secured online loan for renovation or improvement of existing homes.
  • Open to both new and existing customers.
  • Available for all types of internal & external home repair & improvement expenses.
  • The eligibility criteria are in lines with other Sammaan Capital Home Loan.
  • The maximum repayment tenure is 15 years and varies as per borrower’s profile and age of the property on loan maturity.
  • Flexible repayment options.

Sammaan Capital Home Extension Loans

  • Home extension loan for growing needs of your family.
  • The repayment tenure depends on several factors like customer's profile, age at maturity of the loan, and the age of the property at maturity.
  • The overall eligibility criteria are same for all categories of Sammaan Capital home loan.
  • End to end online fulfilment.
  • No prepayment charges.
  • Flexible repayment options.

Sammaan Capital Home Loan Balance Transfer

  • Enjoy high value Sammaan Capital home loan refinancing/ balance transfer option with IHFL.
  • Extended tenure up to 30 years, subject to your age and property value & location.
  • No Prepayment charges.
  • Flexible loan tenure & repayment options.
  • High loan to value eligibility amount.
  • Avail of attractive top up option.
  • Lower EMIs or adjust repayments according to needs.
  • Attractive Sammaan home loan interest rate, varying from 8.70% to 12.00% p.a, subject to your profile, loan amount, tenor and property type.

PMAY (Pradhan Mantri Awas Yojana)

PMAY is a credit-linked subsidy scheme (CLSS) launched by Government of India for providing affordable housing to all Indians by 2022.

Sammaan Capital 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.

 Indiabulls Home Loans for NRIs

  • IHFL provides Home Loans for NRIs based in the United Kingdom and Dubai.
  • NRIs in these countries can contact Sammaan Capital' representative office in London and Dubai respectively.
  • Loan can be applied, sanctioned, approved & disbursed online.
  • NRI Home Loan offers benefits at par with regular home loans.

 Indiabulls Rural Home Loans

  • Affordable housing loan for rural and semi-urban residents in India.
  • Instant online sanction.
  • Transparent processing & attractive terms and conditions.
  • Flexible tenure & repayment option.
  • Easy documentation.
  • Swift & responsive customer support.

You can also check DDA Housing Scheme 2025

Aditya Birla Housing Finance Home Loan Documents Required

The documentation for Aditya Birla Capital Home Loan include proof of identity and residence, proof of income and property etc. 

Here is the detailed list-

 Aditya Birla Home Loan List of documents
Application form
  • Duly filled & signed application form 
  • Photographs of primary applicant & co-applicants 
Age proof
Residence proof
  • Ration card/Passport/ Telephone bill/ Driving license/ Voter ID card/ Electricity bill/ any other certificate from statutory authority
Property documents
  • Copy of title documents & approved sanction plan
Income proof for salaried
  • Last 2 years Form 16
  • Last 3-month Salary-slips
  • Last 6 months bank statement
Income proof for self employed
  • Certificate & proof of business existence 
  • Business Profile
  • Bank statement of self and business for the last 12 months
  • Last 3 years ITR (self and business) with Profit & Loss Account & Balance Sheets duly certified/audited by a Chartered Accountant.

Additional Info: Also check Documents Required For Home Loan

Sammaan Capital Home Loan Fees & Charges

Processing fees0.5% onwards
Prepayment charges- floating rate Loans (Individual)NIL
Fixed and dual loans (fixed & floating loans)
  • NIL – After the loan is converted into floating variant i.e. after expiry of fixed interest period.
  • 2% of the partial or full pre-payment during fixed interest rate period.
  • In case of takeover of a home loan - 2% of the amount prepaid.
Non-Individual Loans- Floating & dual loans- (fixed and floating loans)
  • Up to 25% of principal outstanding with in the preceding 12 months – NIL
  • More than 25% made within the previous 12 months - 2% of the excess amount paid
  • Foreclosure charges - Applicable at 2% of the foreclosure amount
Technical/ Valuation and Legal opinion charges, SRO search charges, ROC search charges, non-encumbrance certificate from SRORs 2,500
Transaction handling charges for balance transfer or resale home loansRs 1,500
Charge for cheque / NACH dishonourRs 500 (home loans)   
Nil for ECS / PDC
Late payment charges24% p.a. on outstanding EMI
PDC/ ECS swapping chargesNIL
Retrieval charges for copies of loan /property document in IB custodyEmailing of scanned copies: NIL   

Physical copies with IB attestation: Rs 500
Charges for statement of account / amortization scheduleRs 200
Registration charges for borrowers’ ECS mandate (loan repayment)NIL
Income Tax Certificate in home loansNIL
Compliant handling chargesNIL
Charges for certified true copies of title deeds from SRO, if applicableAs 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 loansAs 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 feeRs 650 (inclusive of service tax)

* GST & statutory charges applicable in addition to levied fees & charges.

Sammaan Capital Home Loan Eligibility Criteria

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 Sammaan Capital home loan eligibility amount.

Other eligibility factors include:

  • Stable source of income. Both salaried and self-employed qualify to apply.
  • NRIs living in UK and Dubai can apply by contacting Sammaan Capital' representative office in London & Dubai besides applying online.
  • The applicant should be between 21 to 65 years during the loan term.
  • Standard margin rates apply for all Sammaan Capital home loan.
  • Minimum CIBIL score should be 550 to apply for Sammaan Capital home loan.
  • Add spouse or immediate family member to enhance Indiabulls home loan eligibility.
  • A co-owner must become a co-applicant for Sammaan Capital housing loan.

Additional Info: Also check How to Calculate Home Loan Eligibility on Your Own?

Sammaan Capital Home Loan Documents Required

To get your home loan application sanctioned and approved swiftly, go through following checklist. Keeping documentation handy helps you get faster turnaround for your Sammaan Capital Home Loan application.

List of Indiabulls home loan documents required for online application:

Common documents (Mandatory for all applicants)
  • Passport size photo of main applicant
  • Duly signed loan application form
  • Identity proof:      
    Aadhaar Card/ Passport/ PAN Card/ Driving License/ Voter's ID
  • Address proof:      
    Aadhaar Card/ Passport/ Electricity Bill (maximum 3 months old)/ Registered Rent Agreement
  • Processing fee cheque
  • Property documents (original copies):     
    Sale Deed, Transfer of Ownership, Katha
  • No Objection Certificate (NOC) from the builder or Housing Society (original copy)
  • Land Tax Payment Receipt
  • Possession Certificate
Documents for salaried applicants

Income Documents (duly attested):

  • Last 2 years' Form 16
  • Form 26 AS or ITR for the last 2 years, if Form 16 is not available
  • Offer letter
  • Last 1 year's bank statement
  • 1 year salary certificate with the company stamp
  • Last 3 months' salary slip
  • IT returns
Documents for Self-Employed  (Non-Professional Applicants)
  • 2 years’ IT returns with computation
  • 2 years' Balance Sheet
  • 2 years' Profit & Loss Statement
  • Last 6 months' bank statement
  • Registration certificate of establishment under Shops & Establishments Act/ Factories Act or Gumasta License
  • Proof of qualification
Documents for Self Employed Professionals
  • 2 years’ IT return with computation
  • 2 years' Balance Sheet
  • 2 years' Profit & Loss statement
  • Last 6 months' bank statement
  • Proof of qualification
  • Gumasta license
Documents for BSF Applicants
  • Application form attested with service certificate
  • Last 3 months' salary slips
  • Last 2 years’ Form 16
  • Confirmation certificate/ service certificate has to be collected in the given format
Documents for Merchant Navy/ NRI Applicants
  • If living on rent, rent agreement + utility bills (3 months or old)
  • Last 6 months' salary slips
  • Passport
  • Continuous Discharge Certificate (CDC)
  • Last 3 years' Contract Copy
  • Bank statement of 1 year (for NRE/ NRO Account)
  • 2 years’ Form 16 with computation
Other Related Documents (If Applicable)
  • Sanction Letter/ Account Statement of existing loans and bank statements showing loan repayments
  • Form 16 (if recently employed)
  • Bank statement for payment to the builder (for own contribution)
  • Property Title Documents if the property is decided

Additional Info: Check 35 Lakh Home Loan EMI Apply Online.

How to Calculate Sammaan Capital Home Loan EMI?

Sammaan Capital follows daily reducing balance method for calculating interest on Sammaan Capital 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. 

Sammaan Capital Home Loan Calculation

Loan Amount 10 years20 years30 years
Rs 20 LakhRs. 25,065Rs. 17,674Rs. 15,734
Rs 30 LakhRs. 37,598Rs. 26,511Rs. 23,601
Rs 40 LakhRs. 50,131Rs. 35,348Rs. 31,468
Rs 50 LakhRs. 62,663Rs. 44,186Rs. 39,335
Rs 60 LakhRs. 75,196Rs. 53,023Rs. 47,202

*For EMI calculation purpose, flat rate of Interest @8.75% p.a. is considered.        
The calculation is indicative only. Your EMI schedule will vary as per the effective rate of interest offered to you.

You can also use Sammaan Capital Home Loan Calculator to get EMI details conveniently through the lender’s portal. 

Sammaan Capital Home loan FAQs

The loan application process is hassle free and disbursal is fast. An ABHFL executive from the nearest branch will also visit you in case you have any queries or issues regarding your home loan.

Aditya Birla Housing Finance offers different types of home loans for varied customer needs. Some of the popular loans are: Home Loan, Home Extension Loan, Home Improvement Loan, Residential Plot Construction Loan and Home Construction Loan.

The upper and lower limit of the loan varies as per the eligibility of the borrower. The home loan eligibility depends on the borrower’s repayment capacity and 75-90% percentage of property value.

You can apply for Aditya Birla Home Loan online or offline as per your choice. Applying online is more convenient and hassle free. Applying for Aditya Birla Home Loan online will just take a few minutes. Keep your documents handy and you will get the response on your application the same day. The processing will take 1-2 days after the verification of documents.

Depending on your income, ABHFL offers advance sanction letter to borrowers. You can use the sanction letter for searching the home. The loan amount sanctioned can be approved and disbursed as you finalize the property later.

The property for which the loan is availed of, is itself considered as the collateral for home loan.

Yes, Indian residents are eligible for tax benefits on the repayment of both the principal and interest amount of home loan under section 80C & 24 of the Income Tax Act.

It is most convenient to repay home loan EMI through NACH (National Automated Clearing House).