Please Note: Indiabulls Housing Finance is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.
|Indiabulls Home Loan Interest Rates 2021|
|Interest Rate||8.65% onwards|
|Loan-to-Value Ratio||Up to 90% of Property Value|
|Loan Tenure||Up to 30 Years|
|Processing Charges||1.00% onwards plus taxes|
Note: The figures given in the table are indicative and are subject to change as per the directives by Indiabulls Housing Finance or RBI, without prior information.
Apply for Indiabulls home loan at attractive interest rates starting from 8.65% 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 2% of the loan amount, plus applicable taxes.
Indiabulls Home Loan Features & Benefits
- Various home loan schemes to suit home loan requirements of every customer
- Attractive home loan interest rates starting 8.65% p.a.
- Flexible loan tenure extending up to 30 years
- Zero prepayment charges
- 10,000+ pre-approved projects
- Flexible repayment options to make repaying loan easy
- End-to-end online home loan process
Read Also: Home Loan Tax Benefit
Get Home Loans at Lowest Interest Rates Starting @ 6.65% p.a. Apply Now
Indiabulls Home Loan Interest Rates
Currently, Indiabulls Housing Finance offers home loans at 8.65% p.a. onwards The final rate of interest will depend on the applicant’s credit profile, loan amount, loan tenure , property type and other risk parameters.
Compare Indiabulls home loan interest rates for various loan schemes
|Indiabulls Home Loan Schemes||Interest Rate (p.a)|
|Home Loan||8.65% onwards|
|Home Renovation Loans||Varies from case to case|
|Home Extension Loans||Varies from case to case|
|Rural Home Loans||Varies from case to case|
|Home Loans for NRIs||Varies from case to case|
Indiabulls Home Loan Processing Fees & Charges
|Processing fees||Up 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 Charges||Nil 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 charges||Rs 500 (home loans)|
Nil on the representation of ECS / PDC
|Late payment charges||24% per annum of outstanding EMI|
|PDC/ECS swapping charges||Nil|
|Charges for the statement of account/amortization schedule||Rs 200|
|Registration charges for borrowers’ ECS mandate (loan repayment)||Nil|
|Income tax certificate in home loans||Nil|
|Charges for certified true copies of title deeds from SRO, if applicable||As per actual|
|Database admin fee||Rs. 650|
Indiabulls Home Loan Calculator
Indiabulls Home loan EMI calculator helps customers to know their home loan EMIs on the basis of details like the desired loan amount, loan tenure and interest rate. The online calculator is available at Paisabazaar and is easy for anyone to use. Click to calculate your Indiabulls home loan EMI.
Indiabulls Home Loan EMI Calculation
The table below shows Indiabulls home loan EMI calculation for different interest rates, loan amounts and loan tenures:
|Loan Amount||Interest Rate||EMIs as per Different Loan Tenures|
|15 years||20 years||30 years|
|Rs. 40 lakh||8.10%||Rs. 39,155||Rs. 33,832||Rs. 29,770|
|Rs. 70 lakh||8.40%||Rs. 57,860||Rs. 50,748||Rs. 44,655|
|Rs. 1 crore||8.70%||Rs. 77,147||Rs. 67,664||Rs. 59,540|
|Rs. 1.5 crore||9.00%||Rs. 96,433||Rs. 84,580||Rs. 74,425|
In the table, one can notice that home loan EMIs reduce as the tenure increases. However, remember that even though longer tenure reduces your monthly liability, it also increases your total interest payout. Therefore, home loan borrowers must choose home loan tenure wisely.