Indiabulls Housing Finance Home Loan

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Indiabulls Home Loan @ Lowest Rates

  • Interest Rate: 8.99% onwards
  • Loan Tenure: Upto 30 years
  • Processing Fees: Upto 1%

Apply for Home Loan Starting From 7.95%*

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To,
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[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
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I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

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Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
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Date :23/01/2020

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CRIF HIGH MARK TERMS
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YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

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" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
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" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
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Updated: 06-01-2020 12:40:48 PM
Indiabulls Home Loan 2020
Interest Rate8.99% onwards
Loan-to-Value RatioUp to 90% of Property Value
Loan TenureUp to 30 Years
Processing ChargesUp to 1% of loan amount + GST

Note: The figures given in the table are indicative and are subject to change as per the directives by Indiabulls or RBI, without prior information.

Indiabulls home loan interest rates start from 8.99% p.a. Individuals can avail the loan for purchasing a new home/plot or extending/renovating their existing properties. The tenure of the loan extends up to 30 years and the processing fee is up to 1% of the loan amount, plus applicable taxes.

Indiabulls Home Loan Features & Benefits
Indiabulls Home Loan Interest Rates
Indiabulls Home Loan Fees & Charges
Indiabulls Housing Loan EMI Calculator
Indiabulls Home Loan Eligibility
Documents Required for Indiabulls Housing Loan
Indiabulls Home Loan Schemes

Indiabulls Home Loan Features & Benefits

  • Indiabulls housing finance offers various home loan schemes to suit home loan requirements of every customer
  • Indiabulls housing finance offers attractive home loan interest rates starting 8.99% p.a.
  • Indiabulls housing finance has a loan tenure extending up to 30 years
  • Zero prepayment charges
  • 10,000+ pre-approved projects
  • Offers flexible repayment options to make repaying loan easy
  • Has end-to-end online home loan processing

Read Also: Home Loan Tax Benefit

Indiabulls Home Loan Interest Rates

Currently, Indiabulls home loan interest rate starts from 8.99% p.a. and is linked to RBI’s monetary policy. The interest rates for various Indiabulls home loan schemes are:

Indiabulls Home Loan SchemesInterest Rate (p.a)
Home Loan8.99% – 12.00%
Home Renovation LoansVaries from case to case
Home Extension LoansVaries from case to case
Rural Home LoansVaries from case to case
Home Loans for NRIsVaries from case to case

Indiabulls Home Loan Fees & Charges

Processing feesUp to Rs 30 lakh – Up to Rs 10,000 for loan amount
Rs 30.01 lakh to Rs 300 lakh – Up to 0.50% for loan amount
Over Rs 300 lakh – 0.50% to 1.00% for loan amount
Prepayment ChargesNil for floating rates
2% of the amount prepaid for loan prepayment from other than own sources during the Fixed Interest Rate period of the loan
PDC / ECS dishonour chargesRs 500 (home loans)
Nil on representation of ECS / PDC
Late payment charges24% per annum of outstanding EMI
PDC/ECS swapping chargesNil
Charges for statement of account/amortization scheduleRs 200
Registration charges for borrowers’ ECS mandate (loan repayment)Nil
Income tax certificate in home loansNil
Charges for certified true copies of title deeds from SRO, if applicableAs per actual
Database admin feeRs. 650

Indiabulls Housing Loan EMI Calculator

Home loan EMI calculator, an online tool on Paisabazaar.com, helps customers to know their home loan EMIs on the basis of details like the desired loan amount, loan tenure and interest rate.  The home loan calculator is easy to use and gives results instantly. The steps to use the calculator are:

  • Visit the Home Loan EMI Calculator page
  • Provide the following Indiabulls home loan details:
    • Loan Amount
    • Rate of Interest
    • Loan Tenure

You get the result soon after providing the details.

Indiabulls Home Loan Eligibility

The eligibility criteria to apply for Indiabulls Home Loan are:

  • The age of the applicant should be between 18 and 65 years
  • Both residents of India and Non-Resident Indians can apply
  • Both salaried and self-employed professionals can apply
  • Only spouse and blood relatives can be co-applicants
  • Co-applicants should also be the co-owner of the house in case of joint home loan

Also Check: Home Loan Eligibility

Documents Required for Indiabulls Housing Loan

The common set of documents required to apply for Indiabulls Home Loans are:

  • Passport size photograph of the primary applicant
  • Duly signed application form
  • Proof of Identity (any 1):
    • Aadhaar Card
    • PAN Card
    • Passport
    • Driving License
    • Voter ID
  • Proof of Address :
    • Registered Rent Agreement
    • Electricity Bill (Valid only up to 3 months old)
    • Passport
  • Processing fee cheque
  • Property documents (original copies):
    • A Sale Deed, Katha, Transfer of Ownership
    • No Objection Certificate (NOC) from the builder / Housing Society (Original Copy)
    • Land Tax Paid Receipt
    • Possession Certificate

Check: Detailed List of Home Loan Documents Required

Indiabulls Home Loans
Indiabulls Home Extension Loans
Indiabulls Home Renovation Loans
Indiabulls Rural Home Loans
Indiabulls NRI Home Loans

Indiabulls Home Loans

Buying a home is extremely expensive. Indiabulls offers Home Loans at attractive interest rates to help customers own a house.

  • Attractive interest rates starting from 8.99% p.a.
  • Zero prepayment charges
  • Flexible loan tenure up to 30 years
  • Maximum loan to value
  • Simple documentation process
  • 10,000+ pre-approved projects
  • 4 lakh+ properties to choose from with Indiabulls Home Finder

Indiabulls Home Extension Loans

Indiabulls Home Extension Loan is for customers who need to extend their house to make more space for some reason.

  • Attractive interest rates
  • Zero prepayment charges
  • Flexible loan tenure
  • Maximum loan to value ratio
  • Simple documentation process

Indiabulls Home Renovation Loans

Indiabulls Home Renovation Loan helps customers to renovate their homes as per their taste and comfort without stretching their monthly budgets.

  • Attractive interest rates
  • Zero prepayment charges
  • Flexible loan tenure
  • Maximum loan to value
  • Simple documentation process

Indiabulls Rural Home Loans

Indiabulls Rural Home Loans is an affordable housing loan scheme for all rural and semi-urban residents of India.

  • Attractive interest rates
  • Concessional interest rates for women beneficiaries
  • Zero prepayment charges
  • Multiple loan repayment options
  • Flexible loan tenure

Indiabulls NRI Home Loans

Indiabulls Home Loans for NRIs is for all Non Resident Indians (NRIs) who want to buy a house in India. The lending institution not only offers loans to its customers but also helps them select a suitable property with the help of Indiabulls Home Finder. Indiabulls has offices in Dubai and London along with a widespread network of over 220 branches across India.

  • Attractive interest rates
  • Zero prepayment charges
  • Loan tenure up to 15 years
  • Maximum loan to value
  • Simple documentation process
  • Over 4 lakh properties to choose from with the help of Indiabulls Home Finder
How to Apply for Indiabulls Home Loan
Indiabulls Home Loan Customer Care
Indiabulls Home Loan FAQs
Indiabulls Home Loan News

How to Apply for Indiabulls Home Loan

To apply for Indiabulls Home Loan via Paisabazaar.com, follow these steps:

  • Visit the Home Loan page at Paisabazaar.com
  • Fill out the necessary information about the loan amount required, the type of home loan required, etc.
  • Provide more details regarding your home loan requirements and personal information such as the cost of the property, your full name, date of birth, etc.
  • Select the check box to agree on the terms and conditions
  • Click on the ‘View Best Offers’ button to proceed
  • The best home loan offers according to your eligibility will appear for customers to compare and select.
  • Apply for the home loan scheme that suits your requirements the best

On successful filling of the form, customers receive an acknowledgement and a reference number, which can be used to track Indiabulls home loan application. After applying for the loan, customers will also receive a call from Paisabazaar’s home loan experts to take the loan process forward.

Indiabulls Home Loan Customer Care

To get home loan related queries answered, customers can contact Indiabulls Home Loan Customer Care through the following ways:

Call1800 200 7777
Emailcustomerserviceloans@indiabulls.com (For Customer Service)
homeloans@indiabulls.com (For New Customers)
nriloans_hl@indiabulls.com (For NRI Customers)

Indiabulls Home Loan FAQs

When are the Indiabulls home loans available?

Applicants can apply for a home loan from Indiabulls whenever they decide to buy or construct a house for residential purpose. Indiabulls also provides pre-approved loan. This is a specified limit of loan approved for an applicant even before he/she has finalized the property for which the home loan would be needed. The company, thus, sanctions or approves the allowable limit of Indiabulls Housing Finance home loan amount based on the applicant’s repayment ability and allows for the grant of pre-approved home loans.

What are the purposes for which an Indiabulls home loan can be used?

The home loans available at Indiabulls Housing Finance can be used for multiple housing-related requirements like:

  • Purchasing a house property
  • Purchasing a residential plot for self-constructing a house property
  • Carrying out extensions or improvement to an existing house
  • Transferring of home loans availed from other banks or financial institutions.

What are the other types of home loans available at Indiabulls Housing Finance Limited?

Besides home loans, Indiabulls offers loan for builder properties and loan against property

What is the Indiabulls Housing Finance home loan eligibility for housing loans?

Salaried individuals, self-employed individuals both professional and non-professional and NRIs can apply for a home loan from Indiabulls Housing Finance Limited. Moreover, one can apply for a home loan from Indiabulls either individually or jointly with co-applicants.

Who can act as co-applicant for Indiabulls home loans?

Along with the applicant, his/her spouse or any immediate family members who are blood relatives can act as co-applicants. Moreover, if house property is to be co-owned by more than one individual, all the co-owners would have to act as co-applicants for the home loan.

How much home loan can one avail under the home loan schemes of Indiabulls Housing Finance Limited?

Indiabulls Housing Finance offers home loans to the tune of 75% to 85% of the value of the property depending on the estimated absolute value of the property. The maximum amount of loans offered by Indiabulls Housing Finance in absolute terms is Rs.75 lakhs.

What is the loan repayment tenure granted to repay the home loans from Indiabulls Housing Finance Limited?

Indiabulls Home Loans come with a loan tenure extending up to 30 years subject to the condition that the age of the applicant should not cross 65 years within the loan tenure or the applicant should not retire within the tenure.

Is any security or collateral needed for getting Indiabulls home loan? 

Yes, the Indiabulls housing loans come with security requirements and are secured loans. Any immovable property owned by the applicant would act as the security. The applicant’s title to the property should be free, clear, marketable and unambiguous. The bank’s security created on the property should be first and also exclusive. The security would be created by depositing the original title documents of the property to the bank.

What types of home loan interest rates are offered by Indiabulls Housing Finance?

Home loan can be taken either at a floating rate of interest or at a fixed rate of interest depending on the applicant’s choice.

What is the concept of Pre–EMI under the home loan?

On taking Indiabulls home loans for self-construction or for properties which are under construction, the loan amount is disbursed in portions. The Indiabulls Housing Finance home loan EMI starts after the final disbursement of the loan portions. However, before the final disbursal is made and after the first disbursal is made, the applicant is required to pay the Indiabulls home loans interest rate on the amount of loan actually disbursed. This payment of the interest is called a Pre-EMI.

Indiabulls Home Loan News

Indiabulls Home Loan Rates Hiked by 20 Basis Points

As on August 4, 2018, Indiabulls Housing Finance has increased 20 basis points in the interest rates for home loans. Post this revision, the home loan interest rates worth upto Rs 35 Lakhs will be from 8.70% onwards. Indiabulls Housing Finance said, “The revised rate of interest on new home loans for women applicants/co-applicants will now start at 8.70 per cent for loans of up to Rs 35 lakh and 8.80 per cent onwards for loans above Rs 35 lakh.

Indiabulls Housing Finance Increase Home Loan Interest Rates by 20 bps

Indiabulls Housing Finance Ltd. has increased the home loan interest rate by 20 bps or by 0.20%. The revised home loan rates for women co-applicant will be 8.80% for loans upto Rs. 35 lakhs and 8.95% onwards for above Rs. 35 lakhs. Recently, Indiabulls Housing Finance increased the lowest slab from Rs. 30 Lakhs to Rs. 35 lakhs. Indiabulls Housing Finance has already received the rating of ‘AAA’ from all four leading rating agencies. As per IBHFL “The increase in lending rates reflects the rise in the cost of funds,”. Revised interest rates will be effective from Tuesday, 9th Oct 2018 onwards.

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Indiabulls Housing Finance Home Loan
(3.7/5 ) 3 Reviews
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Jan 5 , 2017
3/5
Decent services

I could borrow money to buy a new house in India at a very low interest rate. IndiaBulls helped me really well to get my loan approvals. I applied for my loan scheme online and it got approved really quickly. Very good but I am eagerly waiting for my..Read more...

Jan 4 , 2017
4/5
Lowest EMI scheme

I borrowed home loan to buy a new house at Kolkata and IndiaBulls approved my request at 9.10% p.a. only. My loan has no processing fees or pre closure charges applicable. Their agents are also very helpful who helped me throughout to get my loan sch..Read more...

Jan 4 , 2017
4/5
Best home loan schemes

This company has the fastest approvals for home loan request. Very good NBFC that provides loan schemes at an interest rate of 10.60% p.a. only. I am very happy with my loan scheme, however I am still waiting for my disbursal amount to quickly buy my..Read more...

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