| Indiabulls Mortgage Loan 2020 | |
| Interest Rate | 10.50% onwards |
| Loan-to-Value Ratio | Up to 70% of the property value |
| Loan Tenure | 15 years |
| Processing Fees | Up to 2% of the loan amount + GST |
Note: The figures given in the table are indicative and are subject to change as per changes in Indiabulls Housing Finance Ltd. or RBI policies.
Indiabulls Loan Against Property can be availed with maximum finance against the market value of your property at the attractive interest rates starting from 10.50% p.a. Indiabulls home loans offers mortgage loan against both commercial and residential property for a maximum repayment period of 15 years.
Indiabulls Loan Against Property Features & Benefits
- Attractive interest rate starting at 10.50% p.a.
- Long repayment period of up to 15 years
- Financing of up to 70% of property value
- Quick loan processing
Check Also: Loan Against Property Benefits
Indiabulls Loan Against Property Interest Rates
Indiabulls Loan Against Property interest rate is 10.50% onwards. However, the final rate of interest depends on various parameters including your profile, loan amount, repayment capacity, existing liabilities, income, property value, credit history and other risk parameters.
Indiabulls Loan Against Property Processing Fees and Other Charges
| Description | Charges |
| Processing fees | Up to 2% of loan amount |
| Prepayment charges for individuals | For floating rate loans: Nil For fixed and floating rate loans (dual rate loans):·
|
| Prepayment charges for non-individuals | For floating rate loans and dual rate loans:
|
| Retrieval charges for copies of loan /property document in IB custody | Emailing of scanned copies: NIL Physical copies with IB attestation: Rs. 500 |
| Charges for statement of account / amortization schedule | Rs. 200 |
| Charges for certified true copies of title deeds from SRO, if applicable. | As per actual |
| Stamping charges of loan agreement | As per actual, subject to state laws- Where fixed charges irrespective of loan amount: provided by IB Where ad-valorem charges as a function of loan amount: to be procured by borrower directly |
| Stamping charges of other legal documents like indemnity bond, legal undertakings, legal affidavits, personal guarantee bond, power of attorney for NRI home loans etc. | As per actual, subject to state laws – to be procured by borrower directly |
| Original property documents retrieval for specific activity like production at SRO or development authority (on borrower request) | Rs. 5,000 |
| Database admin fee | Rs. 650 (inclusive of service tax) |
Note: All applicable fees & charges are subject to levy of GST, which if payable, is to be paid in addition to the fees/charges.
Indiabulls Loan Against Property EMI Calculator
Indiabulls loan against property EMI calculator helps you know the amount that you will be required to pay every month to repay your loan. The online loan calculator requires you to enter just a few basic details about your loan such as principal amount, interest rate and loan tenure to give you the EMI amount. To know how much EMI you will have to pay towards Indiabulls loan against property, use Paisabazaar loan against property EMI calculator. The calculator is easy to use and gives results instantly. Click to know your Indiabulls loan against property EMI.
Indiabulls Loan Against Property Eligibility
Small and mid-sized businesses, partnership firms, self-employed professionals, private or closely held companies can apply for Indiabulls loan against property. The age limit of self employed professionals is between 18 and 65 years. Your eligibility for Indiabulls loan against property is also dependent on several other risk factors such as credit history, repayment capacity, property value and income.
Check Also: Loan Against Property Eligibility Calculator
Documents Required for Indiabulls Loan Against Property
- Duly filled and signed Indiabulls loan against property application form
- Passport sized photographs of all applicants
- Processing fee cheque
- Property related documents
- Proof of name
- Proof of date of birth
- Proof of address
- Proof of signature
- Proof of identity
- Proof of residence ownership
- Income documents
Check Also: Loan Against Property Documents required
How to Apply for Indiabulls Loan Against Property
One of the simplest ways to apply for Indiabulls loan against property is through Paisabazaar. The online loan aggregator allows you to get offers from 30+ lenders as per the chances of approval.the steps to apply for Indiabulls loan against property at Paisabazaar are:
- Provide basic necessary information as required in the form
- View and compare eligible LAP offers from various lenders
- Apply for the most suitable LAP offer
- Provide more details to get your loan application forwarded to the prospective lender
Once you submit your loan against property application at Paisabazaar, it is forward to the chosen lender who takes the loan process forward. Next, you get a verification call from lender’s representative. Also, the representative will either schedule a document pickup with you or will ask you to submit the necessary documents online. Once your documents are verified and your loan gets approved, you again get a verification call from the bank along with your final loan proposal. If you agree with the loan proposal, the loan gets disbursed within a few working days.
Indiabulls Loan Against Property Customer Care
| Call | 1800 200 7777 The customer care service is available from Monday to Saturday from 9.00 a.m. to 6.00 p.m. |
| customercare@indiabulls.com (For Customer Service) homeloans@indiabulls.com (For New Customers) nriloans_hl@indiabulls.com (For NRI Customers) |
Frequently Asked Questions (FAQs)
1. Why should I apply for loan against property?
A consistent rise in property rates makes it an ideal asset to capitalize for business or personal financial requirements. Getting loan against the value of a property also allows you to get higher loan amount as compared to what you may get in case of an unsecured loan. The loan repayment period is also longer in case of LAP as compared to personal loans. And most importantly, the interest rate at which you get LAP is usually lower than the rate of interest at which you secure a personal loan.
2. What is the repayment period for Indiabulls LAP?
Indiabulls Housing Finance Ltd. offers loan against property up to a maximum of 15 years, provided the term does not extend beyond 65 years of age or retirement age, whichever is earlier.
3. Can there be co-applicants for Indiabulls loan against property?
Yes, there can be co-applicants to apply for Indiabulls loan against property. The co-applicants however must be your immediate family members such as your spouse, parents, etc. Additionally, the co-applicant for the loans must also be the co-owner of the property.