Hello,

Guest!

Indiabulls Home Loan Interest Rates

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.

Updated:

Indiabulls Home Loan Details

Loan amountUp to 90 % of the property cost
Rate of interest8.65% onwards
TenureUp to 30 years
Lowest EMI possibleRs. Per 780 Lakh
Processing feeUp to 2% of the loan amount + GST 
SalaryRs 10000
Credit Score600

Features of Indiabulls Home Loan Scheme

  • Affordable interest rates
  • Home Loan application and approval process is very simple and hassle-free.
  • Loans available for NRIs living in the UAE and the UK.
  • The tenure of the Home Loan is maximum up to 30 years.
  • Income tax benefit is available under section 24 and section 80C of the Income Tax Act.
  • One can apply for a Home Loan individually or jointly and the co-applicants need not be the co-owners of the property.
  • Zero hidden cost.
  • Simplified documentation.

Indiabulls Home Loan Fees and Charges

Following are the charges and fees associated with the Indiabulls Home Loans apart from interest rate:

DescriptionCharges
Processing fees
  • For loan amount up to  30 Lakhs: Up to  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
Prepayment charges
  • For floating rate loans: Nil
  • Fixed and Floating (Dual Rate) Loans:
    • For partial or full pre-payment during the Fixed Interest Rate period if the loan is pre-closed from own sources: Nil
    • For partial or full prepayment during the Fixed Interest Rate period from other than own sources: 2% of the amount prepaid
Charges for transaction handling in balance transfer or resale Home Loans 2,500
Charges or PDC/ ECS dishonour 500
Late payment charges24% 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 chargesAs applicable by state laws
Charges for retrieval of original property documents 5,000
Database admin fee 650 (including service tax)

Factors Affecting Indiabulls Home Loan Interest Rates

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.

  • Loan amount: The interest rate for a housing loan at Indiabulls depends upon the loan amount you apply for. The higher the loan amount, the lesser will be the rate of interest.
  • Existing customers: Indiabulls offers discounted interest rates to its existing customers in view of their cordial relationship.
  • Type of loan opted for: Indiabulls offers differential interest rates for different schemes.
  • The income of the borrower: The rates may vary as per the borrower's monthly income and repayment capacity.

Key things about Indiabulls Home Loan Interest Rates

  • The applicant of the loan must be a resident of India/ NRI (for Home Loan to NRIs)
  • The applicant needs to have a steady source of monthly income.
  • Salaried as well as self-employed applicants can apply for the loan.
  • The credit history of the applicant must be good with no default/delayed payment records.
  • The applicant should be minimum 21 years of age at the time of application and maximum 65 years at the time of loan maturity.
  • Indiabulls Home Loans can be availed to buy a house/plot or renovate/extend an existing home.

Compare Indiabulls Home Loan Rates with other Lenders

LenderInterest RateProcessing Fee
Indiabulls Home Loan8.65% onwardsUp to 2% + GST
ICICI Bank Home Loan6.95% - 8.05%0.50% - 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST
SBI Home Loan7% - 7.85%Up to 0.50% + applicable GST
Axis Bank Home Loan7.75% - 12%Up to 1%, minimum Rs.10,000
HDFC Home Loan6.95% - 8.35%Up to 1.50% of the loan amount or Rs. 4,500 (whichever is higher) + applicable taxes

Best Value Home Loans

MyMoneyMantra is India’s largest phygital loan distributor. With trust of 70 lakh customers, we assure hassle free access to the best Home Loans up to 10 crore for housing loan borrowers in India. Our service is 100% free. We use latest technology and AI to serve customers across the length & breadth of our diverse country. Check Eligibility & Apply.

View and improve your credit score - for free.

Know how good your score is

Get insights on how to improve it

Unlock offers as per your score

chart_15f235bf64 (1).svg

Indiabulls Home Loan Interest Rates FAQs

What are the applicable processing fees charged prior to loan disbursement?

image

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
 

Who can be the co-applicant for a Home Loan?

image

Any biological family member can be a co-applicant such as spouse or children.

 

What is the maximum available repayment tenure?

image

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). 

Which are the types of Home Loans extended by Indiabulls?

image

Indiabulls offers the following housing loans to its customers:

  • Home Loans
  • Pradhan Mantri Awas Yojana (PMAY)
  • Home Loan Balance Transfer
  • Home Loans to NRIs
  • Rural Home Loans
  • Plot Loans
  • Home Improvement Loans
  • Home Extension Loans

Why should I opt for a Home Loan Balance Transfer to Indiabulls?

image

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.

What is the maximum Home Loan repayment period offered by Indiabulls?

image

You can get Home Loan repayment tenure of up to 30 years, including a holiday period of 3 months.

Can I foreclose the floating rate housing loan with Indiabulls? What are the charges applicable for the same?

image

Yes, you can foreclose the housing loan based on floating interest rate with Indiabulls at zero charges.

How is the interest on Indiabulls Home Loan calculated?

image

Interest for Indiabulls Home Loans is calculated on monthly rest.