Indiabulls Housing Finance

• Offers varied home loan schemes to suit home loan requirements of every customer
• Offers attractive home loan interest rates starting from 8.80% p.a.
• 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

Currently, Indiabulls home loan interest rate starts from 8.80% onwards. The interest rates of other Indiabulls Home Loan Schemes are:

Buying a home is extremely expensive. Indiabulls offers Home Loan to help customers own house of their dreams at attractive interest rates.

• Attractive interest rates starting from 8.80% 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 Loan is for customers who need to extend their house to make more space without any financial constraints.

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

Indiabulls Home Renovation Loan helps customers 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 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 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 help them select a suitable property with the help of Indiabulls Home Finder. Indiabulls has offices in Dubai and London and 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 Indiabulls Home Finder

Home loan EMI calculator, an online tool on Paisabazaar.com, helps customers know their home loan EMIs as per their inputs regarding the desired loan amount, loan tenure and interest rate.  The home loan calculator is easy to use and gives results in a fraction of seconds. The steps to use the calculator are:

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

As you enter the details, you will get the result.

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 Residents of India can apply
• Both salaried and self employed professionals can apply
• Only your spouse and blood relatives can be co-applicants
• Co-applicants should also be the co-owner of the house

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

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 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

Once the steps are completed, customers will receive an acknowledgement message and a reference number, which can be used to track their Indiabulls home loan application. Post applying for the loan, customers will also receive a call from Paisabazaar’s home loan experts to take the loan process forward.

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

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 property for residential purposes. Indiabulls pre-approved loan is also available which approves a specified limit of loan allowable to an applicant even before the applicant has finalized the house property intended to be financed using the loan amount. 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.

Does the Indiabulls home loan require any security or collateral for being sanctioned?

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?

In case of Indiabulls home loans availed 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 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.