With easy eligibility conditions and accepted credit score as low as 600, Indiabulls home loans becomes the perfect choice for hard-pressed borrowers. Indiabulls home loan interest rates start at 8.65% p.a. which make home loans affordable. With the lowest EMI possible of Rs. 780 per lakh, check your Indiabulls home loans eligibility to grab your perfect deal.
|Loan amount||Up to 90 % of the property cost|
|Rate of interest||8.65% onwards|
|Tenure||Up to 30 years|
|Lowest EMI possible||Rs. Per 780 Lakh|
|Processing fee||Up to 2% of the loan amount + GST|
Following are the charges and fees associated with the Indiabulls Home Loans apart from interest rate:
|Charges for transaction handling in balance transfer or resale Home Loans||2,500|
|Charges or PDC/ ECS dishonour||500|
|Late payment charges||24% p.a. of outstanding EMI|
|Charges for retrieval of copies of loan/ property documents held in Indiabulls custody|
Hard copies with Indiabulls attestation: 500
Emailing of scanned copies: NIL
|Statement of account/ amortization schedule charges||200|
|Charges for obtaining certified true copies of Title Deeds from SRO (if applicable)||As per Actual|
|Loan agreement stamping charges||As applicable by state laws|
|Charges for retrieval of original property documents||5,000|
|Database admin fee||650 (including service tax)|
The final interest rate for Indiabulls Home Loan depends on the profile, loan amount, tenure, and type of property. Indiabulls offers attractive floating interest rates on housing loans in the range of 8.65% to 11.85% per annum. Women borrowers get a concession on housing loan interest rate at Indiabulls.
|Lender||Interest Rate||Processing Fee|
|Indiabulls Home Loan||8.65% onwards||Up to 2% + GST|
|ICICI Bank Home Loan||6.95% - 8.05%||0.50% - 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST|
|SBI Home Loan||7% - 7.85%||Up to 0.50% + applicable GST|
|Axis Bank Home Loan||7.75% - 12%||Up to 1%, minimum Rs.10,000|
|HDFC Home Loan||6.95% - 8.35%||Up to 1.50% of the loan amount or Rs. 4,500 (whichever is higher) + applicable taxes|
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The processing fee applicable on Indiabulls Home Loan is as follows:
• For loan amount up to 30 Lakhs: Up to Rs 10,000
• For loan amount between 30.01 Lakhs to 3 Crores: Up to 0.50% of the sanctioned loan amount
• For loan amount above 3 Crores: 0.50% to 1% of the sanctioned loan amount
• Legal Opinion/ SRO Search/ ROC Search/ Technical Valuation/ Non-Encumbrance Certificate from SRO charges are included in the processing fee
Any biological family member can be a co-applicant such as spouse or children.
The maximum repayment tenure for Indiabulls Home Loan is 30 years (including a holiday period of 3 months) or the applicant attaining the age of 65 years/ till retirement (whichever is earlier).
Indiabulls offers the following housing loans to its customers:
Indiabulls offers affordable interest rates, long repayment tenure, and low processing fee. If your EMIs for a current housing loan are higher than the offer at Indibulls, you can opt for balance transfer.
You can get Home Loan repayment tenure of up to 30 years, including a holiday period of 3 months.
Yes, you can foreclose the housing loan based on floating interest rate with Indiabulls at zero charges.
Interest for Indiabulls Home Loans is calculated on monthly rest.