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.
Indiabulls Home Loan Details
| 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 |
| Salary | Rs 10000 |
| Credit Score | 600 |
Table of Contents: Indiabulls Home Loan Interest Rates[Hide]
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.
Lowest Interest Rate
Home loan interest rates are the lowest ever in the past 15 years. With raining festival offers on home loan, currently you can avail of the best interest rate on Kotak home loan @6.5% p.a for all loan amounts.
Affordable EMI plans
You can avail the lowest Home Loan EMI at 746 per lakh with maximum repayment flexibility. Some options are Step-Up EMIs, Step Down EMIs, Moratorium, OD facility, balance transfer, top up and more.
No Foreclosure Charge
Home Loans at floating interest rate (linked to repo rate) offer you ultimate prepayment flexibility. There is no part or full prepayment charge. You can prepay early & reduce interest cost as per your cash flows.
Home Loan Popular Offers
Indiabulls Home Loan Fees and Charges
Following are the charges and fees associated with the Indiabulls Home Loans apart from interest rate:
| Description | Charges |
| Processing fees |
|
| Prepayment charges |
|
| 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) |
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
| 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 |
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.
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Indiabulls Home Loan Interest Rates FAQs
What are the applicable processing fees charged prior to loan disbursement?
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?
Any biological family member can be a co-applicant such as spouse or children.
What is the maximum available repayment tenure?
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?
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?
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?
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?
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?
Interest for Indiabulls Home Loans is calculated on monthly rest.
