Total EMI


Total Interest


Total Payments


Break-up of Loan Amount
Created with Highcharts 4.2.2 50,00,000 69,80,559 Total Interest Principal Loan Amount
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About Indiabulls

The Indiabulls Group is amongst the most significant business conglomerates in India engaged in various business activities. They include housing finance, real estate, wealth management, consumer finance, and so on. Those who have searched for alternate housing finance options would have tried out Indiabulls Housing Finance Limited. Similarly, Indiabulls Consumer Finance Limited caters to needs other than housing like personal loans, consumer loans, business loans, and so on. Indiabulls Consumer Finance offers personal loans through a dedicated mobile app named Indiabulls Dhani.

About Indiabulls Dhani

Indiabulls Dhani is a mobile app application that offers the ideal personal loans to suit your requirements. Going on a vacation or buying the car that you long for becomes convenient with Indiabulls Dhani. Personal loans up to 15 Lakhs are available on the Indiabulls Dhani app. The customer has to download the Dhani app on his/her mobile and start using it instantly to get the personal loan they are looking for.

Indiabulls Dhani Personal Loans - Features and Benefits

Indiabulls Dhani has specific noteworthy features that make it one of the most attractive loan products in its segment.

  • Simplified procedure - Download the app, register, and be ready to apply for the personal loan.
  • Instant Disbursal - Individuals who satisfy the terms and conditions of Indiabulls Dhani get instant approvals and disbursals into their savings accounts within minutes.
  • Relaxed eligibility norms - Both salaried and self-employed persons are eligible for personal loans.
  • Flexible repayment tenures - The repayment tenures range from three months to 36 months, depending on your preference.
  • Convenient documentation - The Indiabulls Dhani personal loan does not ask for complicated documents, thereby making it easy for everyone to avail the same.
  • Security - The documents uploaded through the dedicated mobile app are secure.
  • High quantum of finance - Eligible borrowers can get as much as 15 Lakhs in their accounts immediately.
  • Hassle-free procedure - Applying for a personal loan at Indiabulls Dhani is a paperless procedure.
  • Collateral-free loan - Indiabulls Dhani does not ask for any collateral when approving personal loans.
  • No prepayment charges - Indiabulls Dhani personal loans up to 20,000 do not attract any prepayment penalties.
  • Attractive and competitive rates of interest - Indiabulls Dhani Personal loan are available at interest rates starting from 13.99%
  • Personal Loan EMI calculator - Use the personal loan EMI calculator to determine your monthly liability within no time.

Indiabulls Dhani Personal Loans - How to Apply

Indiabulls Dhani app is available on both Google Play Store and Apple App Store. Depending on the mobile OS you use, you can download the Dhani app on your smartphone. Apart from being able to apply for the Indiabulls Dhani Personal Loans, you can avail other benefits of the app.

  • Earn Dhani points for doing simple activities like signing up, referring friends, buy gift coupons, make your utility payments, and apply for different kinds of loans. Besides, repaying your EMI on time earns you valuable Dhani points.
  • Get the opportunity to use the Dhani wallet, an online wallet for making all kinds of online transactions, including booking bus tickers, recharging mobiles, paying bills, and many more.

Applying for an Indiabulls Dhani personal loan is simple.

  • Download the Dhani app on your mobile
  • Register your details by providing information like your mobile number.
  • Verify your registration using the OTP sent by Indiabulls to your mobile
  • Estimate your requirements and enter the loan amount you are looking for
  • Submit your details and upload the copies of KYC documents.
  • On approval, get the disbursement in your savings account.

Indiabulls Dhani Personal Loans Eligibility

Indiabulls Dhani has the most relaxed personal loan eligibility norms in the industry.

  • Indian citizens are eligible for personal loans through the Dhani app.
  • The applicant should be a minimum of 21 years of age
  • Both salaried and self-employed individuals or businesspersons can apply for personal loans.

Applicants should upload the scanned copies of their KYC documents like PAN Card and Aadhar Card along with their bank details.

Indiabulls Dhani Personal Loans EMI Calculator

Applying for your Indiabulls Dhani personal loans is easy. Calculating your personal loan EMI is also a simple process when you use the Indiabulls Personal Loan EMI Calculator.

Get your personal loan EMI within a few seconds.

  • Enter the loan amount.
  • The rate of interest is the next step
  • Provide details of the loan tenure

You get the EMI amount instantly.

This simple calculation will explain things better.

  • Access Indiabulls Dhani Personal Loan Calculator
  • Enter the loan amount - 1 Lakh
  • The rate of interest - 13.99%
  • Tenure of the loan - 36 months

You get your EMI as 3,417.00 instantly

The Indiabulls Dhani Personal Loan EMI Calculator is an ideal one for personal loans only. For housing loans, you can use the Indiabulls Housing Loan EMI calculator. The principle of calculating EMI is the same for all loans.

Indiabulls Personal Loan EMI - The Concept

The ideal method of repayment of the Indiabulls Dhani personal loan is the EMI mode. EMI represents Equated Monthly Instalment. This amount comprises of two variable components, the principal repayment component and the interest repayment portion.

In the initial stages of the loan, the interest repayment component will be more than the principal amount repayment. As you keep repaying your EMIs regularly, the principal amount keeps reducing. Therefore, the interest component reduces, as well. Thus, you notice that the principal repayment component increases with each subsequent EMI.

Indiabulls Dhani Personal Loan EMI Calculator Advantages

The Indiabulls Personal Loan EMI calculator offers the following benefits.

  • Saves time - Calculating the EMI is a time-consuming process. This online EMI calculation tool enables you to calculate the EMI instantly.
  • Accuracy - On entering the necessary details, you get the exact EMI amount.
  • No human error - There is no human involvement other than entering the required data. Therefore, there is no question of any human error creeping into the calculation.
  • User-friendly - Any person can use the EMI calculator to determine the personal loan EMI.

Indiabulls Dhani - Different Types of Personal Loans

Two-wheeler Loan

Ideal loan to purchase two-wheelers without any hassles

Used car loans

Personal loan for buying a second-hand car

New Car loan

Personal loans available up to 15 Lakhs for buying a brand-new car

Travel loan

Ideal personal loan for financing your travel plans including flight tickets, hotel bookings, and so on

Wedding Loan

Financial assistance to take care of every expense of a wedding

Medical Loan

Instant personal loan to cater to medical emergencies for yourself and other members of your family

Education Loan

Education loan to pay the university fees

Top-Up Loan

A personal loan top-up facility extended for customers with a regular repayment record

Indiabulls Personal Loans - Interest Rate and Other Charges

Indiabulls Dhani Personal loans are available with interest rates starting from 13.99% per annum. Indiabulls Dhani has a transparent pricing structure for personal loans.

Type of Charge Amount in % and /b>

Processing fees

Starting from 3% onwards

Loan prepayment or foreclosure charges

Not allowed within the first six months

After six months - 5% of the foreclosure or prepayment amount

Rate of interest

Starting from 13.99% per annum

Cheque Bounce charges

400 per instance

Penalty for late payment of an instalment

3% per month

Stamp duty fees for loan documentation

Depends on the state where you reside

Duplicate NOC

500 per request

Swapping of repayment instructions or modes

500 per request

Cancellation of loan


Loan re-booking charges


Statement of accounts


Duplicate repayment schedule


Cheque Bounce charges for self-employed


Indiabulls Dhani Personal Loans - Frequently Asked Questions

What type of interest rates do Indiabulls Dhani Personal Loans offer?

Indiabulls Dhani Personal Loans offer fixed rates of interest to its customers. The rate of interest on the individual loans start from 13.99% and extends up to 30%. The rate of interest for individual borrowers depends on various factors.

  • The amount of loan - Higher the loan amount, the more could be the rate of interest
  • The loan tenure - Loans for longer tenures have higher interest rates
  • The purpose of the loan - Clean loans carry a higher rate, whereas asset-backed loans like two-wheeler and car loans cost less
  • The occupation of the applicant - The salaried applicant gets a benefit because of the consistency of income
  • The credit rating of the borrower - The better the credit score, the lower is the rate of interest for the borrower
  • The relationship of the borrower with Indiabulls - Existing customers of Indiabulls get a loyalty discount in the interest rates

How does Indiabulls Dhani calculate the interest on the personal loan?

Indiabulls calculates the interest on personal loans on a monthly reducing balance method. The company considers a month to be equal to 30 days, and a year equals 360 days.

Is this method of calculating interest beneficial to the borrower?

If you compare this procedure of calculating interest with the daily reducing balance method, the latter is more beneficial to the customer. The commercial banks use this mode of calculating interest. The benefit is that the borrower gets the advantage of interest on the instalment paid during the month.

How does the concept of interest calculation on monthly reducing balance work?

Monthly reducing balance - Indiabulls Dhani calculates interest for the present month on balance outstanding on the last day of the previous month. Thus the interest for December will be calculated on balance outstanding on November 30. Therefore, the borrower does not get the benefit of interest on the instalment paid in December.

Daily reducing balance - The commercial banks account for the instalments instantly for calculation of interest. On the payment of the instalment, the outstanding principal amount reduces immediately. Therefore, the borrower gets the benefit of interest on the instalment paid during the month.

Can you explain the concept using a concrete example?

Let us make the following assumption.

  • Amount disbursed on November 01 is 1 Lakh
  • The rate of interest is 15% per annum
  • The instalment is due from December 01 onwards.
  • The comparison between the monthly reducing interest and daily reducing interest is as follows.

Monthly reducing balance

Daily reducing balance

Balance outstanding on November 30



Instalment due on December 01



Balance Outstanding on December 31



The base for calculation of interest

Balance as of November 30 = 1,01,250

The base for calculation of interest = Daily reducing balance

Interest for December



Thus, you will find a difference every month. The daily reducing balance method is beneficial to the customer at any time.

For what purposes can I use a personal loan?

Indiabulls Dhani offers personal loans for various purposes. You can use the personal loan for different purposes such as purchasing consumer durables, repairing your home, medical emergencies, educational and marriage expenses, and so on. However, you should ensure not to use the personal loan for an illegal purpose such as gambling and investing in races or betting. Similarly, you should not use the loan for speculative purposes like investing in shares or bullion.

Should I provide any collateral or guarantors for the personal loan?

No, the personal loan is a clean one. There is no need to offer any collateral or guarantor for personal loans. These loans are provided with the minimum documentation.

Will the EMI calculator help me to calculate my eligibility?

No, it will not help to calculate your eligibility. However, you can use the EMI calculator in a different way to estimate the maximum affordable loan amount. If you can afford an EMI of say, 10,000 per months, you can use this figure to calculate your loan affordability. We had seen that the EMI for 1 lakh for 36 months @ 13.99% was 3,417. Accordingly, the loan amount for an EMI of 10,000 for 36 months @ 13.99% is equal to 2.92 lakhs

Can I apply for a personal loan through Indiabulls Dhani if I have an account with a cooperative bank?

The Indiabulls Dhani personal loans are available depending on the eligibility criteria of the borrower. The bank where the applicant has an account does not have any significance. However, instant personal loans up to 20,000 are available only for the net banking customers in the following banks.

  • State Bank of India
  • Axis Bank
  • HDFC Bank
  • Yes Bank
  • ICICI Bank

Is there any alternative method for applying to Indiabulls Dhani Personal Loan?

No, Indiabulls Dhani Personal loans offer an online application facility through the dedicated mobile app alone. There is no alternative mode of application available.