| Indiabulls Loan Against Property Highlights 2023 | |
| Interest rates | 9.75% p.a. onwards |
| Loan amount | Based on customer profile, his repayment capacity and the LTV ratio set for him |
| Repayment tenure | Up to 15 years (not extend beyond 65 years or retirement age, whichever is earlier) |
| Processing fee | 1% onwards |
Note: Interest rates as of 23rd March 2023
Table of Contents
Indiabulls Loan Against Property Interest Rates
Indiabulls Housing Finance offers loans against property at 9.75% p.a. onwards, in which MSMEs are eligible under priority sector lending.
Compare Interest Rates on Loan Against Property for Top Banks & HFCs
| Name of the Lender | Interest Rate (% p.a.) |
| State Bank of India | 10.60-11.30 |
| Bank of Baroda | 10.85-16.50 |
| PNB Housing Finance | 9.65-13.00 |
| IDFC First Bank | 8.75-16.25 |
| HDFC | 9.35-12.25 |
| L&T Housing Finance | 9.60 onwards |
| LIC Housing Finance | 9.45-12.60 |
| Godrej Housing Finance | 9.75 onwards |
| ICICI Bank | 10.85-12.50 |
| Tata Capital | 9.85 onwards |
| Bajaj Housing Finance | 8.50-18.00 |
| Axis Bank | 9.90-10.35 |
| Kotak Mahindra Bank | 9.15 onwards |
Indiabulls Loan Against Property Fees and Charges
Processing fee
| Processing fee | 1% onwards |
Prepayment charges
| Floating rate for individuals | For purposes other than business: NIL |
| For business purpose: | |
| 5% of the prepaid amount for initial 2 years from the date of loan disbursal and then, 3% afterwards | |
| For prepayments up to 25% of principal outstanding, including all prepayments made under previous 12 months: NIL | |
| Dual rate (Fixed for few years and then floating rates) for individuals | For floating rate: NIL |
| For fixed rate: 5% of the prepaid amount for initial 2 years from the date of loan disbursal and 3% afterwards | |
| Floating rate and Dual rate for non-individuals | For pre-payments up to 25% of the principal outstanding, including all prepayments made under previous 12 months: NIL |
| Prepayment/foreclosure fees of 5% of the prepaid amount for initial 2 years and 3% afterwards |
Other fees and charges
| Cheque/NACH dishonor charges | Rs. 750/- Nil on representation of ECS/ PDC |
| Late payment charges | 24% p.a. of outstanding EMI |
| PDC/ECS Swapping charges | NIL |
| Charges for statement of account/amortization schedule | Rs 200 |
| ROI switch fee | 50% or onwards of the difference of the two coupon rates i.e. between the existing and revised rate |
Eligibility Criteria of Indiabulls Loan Against Property
- Small and mid-sized businesses
- Partnership firms
- Self-employed professionals
- Private or closely held companies
Documents Required for Indiabulls Loan Against Property
- Completely filled and signed application form with 2 passport size photographs
- Processing fee cheque
- Property documents: sale agreement/sale of deed, allotment letter, NOC from builder/society
- KYC Documents: proof of name, date of birth, address, signature and identity
- Residence ownership proof: property documents, maintenance bills, electricity bill
- Income documents:
- For salaried-salary slips, Form 16 and bank statement
- For self-employed-income-tax returns with financial statements, bank statement