Indiabulls Housing Finance Home Loan

Please Note: Indiabulls Housing Finance is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.

Indiabulls Home Loan Highlights
Interest Rate	8.75% p.a. onwards
Loan Tenure	Up to 15 years
Processing Fees	0.50% onwards

Note: Rates as of 31st March 2023

Indiabulls Home Loan Interest Rates

Loan Products	Interest Rate (p.a.)
Regular Home Loans	8.75% onwards
Home Loan Balance Transfer	8.75% onwards

Compare Home Loan Interest Rates for Top Banks & HFCs

Name of Lender	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI	8.50% - 10.15%	8.50% - 10.05%	8.50% - 10.05%
HDFC	8.50% - 10.35%	8.50% - 10.60%	8.50% - 10.70%
LIC Housing Finance	8.45% – 10.10%	8.45% – 10.30%	8.45% – 10.50%
ICICI Bank	9.00%-9.80%	9.00%-9.95%	9.00%-10.05%
Kotak Mahindra Bank	8.85% onwards	8.85% onwards	8.85% onwards
PNB Housing Finance	8.50% - 14.50%	8.50% - 13.00%	8.50%-10.85%
Punjab National Bank	8.65%-9.60%	8.60%-9.50%	8.60%-9.50%
Bank of Baroda	8.50% - 10.65%	8.50% - 10.65%	8.50% - 10.90%
Union Bank of India	8.75% – 10.75%	8.75% – 10.95%	8.75% – 10.95%
IDFC First Bank	8.85% onwards	8.85% onwards	8.85% onwards
L&T Housing Finance	8.60% onwards	8.60% onwards	8.60% onwards
Bajaj Housing Finance	8.70% onwards	8.70% onwards	8.70% onwards
Tata Capital	8.95% onwards	8.95% onwards	8.95% onwards
Federal Bank	10.15%-10.20%	10.20%-10.25%	10.25%-10.30%

Also know the home loan interest rates offered by different lenders

Indiabulls Home Loan Processing Fees & Charges

Processing Fee	0.50% onwards
Cheque/NACH Dishonour Charges	Rs 500 (home loan)
Late Payment Charges	24% p.a. on outstanding EMI
PDC/ECS Swapping Charges	NIL
Charges for account statement/amortization schedule	Rs 200
Registration Charges for borrower’s ECS mandate	NIL
Income tax certificate in home loans	NIL
ROI Switch Fee Home Loan	25% or onwards of the difference of two coupon rates, i.e., between existing and revised imterest rates
Database admin fee	Rs 650
Compliant handling charges	NIL

Also Read: Processing Fee for Home Loans charged by various lenders

Types of Indiabulls Home Loan

Home Loan Balance Transfer

Purpose: Home loan balance transfer facilitates transfer of existing home loan from other banks and HFCs to Indiabulls at lower interest rates

Instant Home Loans

Purpose: This is a special home loan scheme offered to home loan applicants tailored to suit their needs

Rural Home Loan

Purpose: Affordable home loans for rural/semi-urban areas

Home Renovation Loan

Purpose: Consumers can avail home renovation loan for renovating the existing home as per their own comfort, aspirations and taste

Tenure: Up to 15 years

Home Extension Loan

Purpose: Home extension loans are offered for making extension to already existing home property

Home Loan for NRIs

Purpose: For purchase and construction of residential property by NRI applicants

Tenure: Up to 15 years

Top-up Home Loan

Purpose: Home loan top-up scheme are additional loans offered on existing home loan during the loan tenure

Pradhan Mantri Awas Yojna

Purpose: To avail Credit Linked Subsidy Scheme introduced by the Central Government to provide “Housing for All” for Economically Weaker Sections, MIG-I and MIG-II for purchase/construction/extension/improvement of homes

Indiabulls Home Loan Eligibility

• The applicant should be 21 years old at the time of loan application and 65 years old at the time of loan maturity
• He/she should be salaried/self-employed
• The spouse of the applicant can apply as a co-applicant to the home loan
• NRIs from Dubai and UK can apply for Indiabulls home loans.

Indiabulls may also consider the credit score and monthly income of its applicants while evaluating Indiabulls home loan eligibility.

Also know about the home loan eligibility set by top home loan lenders.

Documents Required for Indiabulls Housing Loan

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

• Completely filled application form with photograph attached and signatures of the applicants
• ID proof, birth proof, age proof, address proof and signature proof
• Processing fee cheque
• Sale deed or sale agreement, allotment letter, NOC from the society or builder
• Income Documents:

For Salaried: Salary slips for last 3 months, Form 16, ITR and statement of bank account

For Self-Employed: ITR for 2 years with financial statements, bank statement for last 6 months, qualification proof and Gumasta license

For BSF Customer: Last 3 months salary slip, Form 16 for last 2 years and confirmation certificate/service certificate for benefit of this scheme

For Merchant Navy/NRI: Rent agreement with utility bill up to 3 months old if staying on rent, passport, salary slip for last 6 months, contract copy for last 3 years, Form 16 for last 2 years with income computation, Continuous Discharge Certificate, Bank statement for 1 year for NRE/NRO account

Also know about the home loan documents required

Indiabulls Home Loan EMI Calculator

FAQs

1. Who can be the co-applicant for home loan?
Ans. Indiabulls Housing Finance allows the spouse or other immediate family members of a home loan applicants to be his/her co-applicant. However, the co-owner(s) of the underlying home property has to be the co-applicant for the home loan.

2. Can I make prepayments on my home loans?
Ans. Yes, Indiabulls allows its home loan borrowers to prepay their home loans. It doesn’t charge any fees on prepayment of floating rate home loans.

3. What factors determine the interest rates of Indiabulls home loan applicants?
Ans. Indiabulls Housing Finance sets interest rates for its home loan applicants based on their credit profile, loan amount, tenure, property type and other risk parameters.

4. Are there any concessions offered to women applicants on home loan interest rates?
Ans. Yes, Indiabulls Housing Finance claims to offer concession in home loan interest rates to its women applicants. However, the HFC has not disclosed the exact concession on interest rates offered to women applicants.

5. What is the minimum credit score required to avail home loans from Indiabulls Housing Finance?

Ans. Indiabulls Housing Finance has not specified the cut-off credit score for home loan applicants. However, applicants with credit scores of 750 and above usually have higher chances of availing home loans at lower interest rates.

Also Know:- More about Credit Score based Interest Rates of Home Loan

6. What are the various repayment modes offered by Indiabulls Housing Finance?
Ans.. Indiabulls Housing Finance allows its home loan borrowers to make repayments or prepayments through any of the following payment modes — cheque/drafts, RTGS transfer, NEFT transfer, Post Dated Cheque, fund transfer and cash.