Starting from as low as Rs. 1000, Indiabulls personal loan goes upto Rs. 15 lakh and can be availed online without any hassle. The process involves less paperwork and a few simple steps to complete the loan application.
Indiabulls Personal Loan - Features and Benefits
- Loan amount: Indiabulls offers a personal loan amount of as low as Rs. 1000 to as high as Rs. 15 lakh.
- Complete online process: From applying to uploading documents to loan approval, each and every step of Indiabulls personal loan takes place online
- Flexible tenure: Indiabulls offers flexibility when it comes to repaying the loan amount with tenure ranging from 3 to 24 months
- Instant disbursal: As soon as your documents are verified, the loan gets approved and the amount is disbursed to your account instantly
- No pre-payment charges: There will be no prepayment charges for loans under Rs.20000
Indiabulls Personal Loan - Interest Rate, Fees and Charges
|Interest Rate||11.99% p.a.|
|Processing fee||Up to 6%|
|Bounce charges||Rs. 400 per bounce|
|Late payment penalty||3% per month|
|Stamp duty charges for loan documentation||As per applicable laws|
|Duplicate NOC||Rs. 500 per request|
|Repayment mandate/instrument swapping charges||Rs. 500 per request|
|Loan cancellation charges||Rs. 3000|
|Loan re- booking charges||Rs. 1500|
|Statement of account charges||Rs. 500|
|Duplicate repayment schedule||Rs. 500|
|Bounce charges (for self- employed)||Rs. 750|
Indiabulls Personal Loan - Eligibility Criteria
- You should be an Indian citizen
- You should be at least 21 years old
- You should either be a salaried professional or a self- employed individual
Indiabulls Personal Loan - Documents Required
No other documents apart from address proof and PAN card are required for verification and approval. The process is completely digitalised and involves minimum documentation for your convenience.
Indiabulls Personal Loan - EMI Calculator
You can instantly check Indiabulls personal loan EMI by using Paisabazaar’s EMI calculator. Simply move the slider to the desired loan amount, tenure and rate of interest and get to know the monthly EMI within seconds. Calculate EMI, plan your future expenses and only borrow the amount that you can easily repay.
Indiabulls Personal Loan VS Personal Loan Offers from Other Lenders
|Particulars||Indiabulls||Axis Bank||HDFC Bank||Citi Bank||ICICI Bank||Bajaj Finserv|
|Interest Rate||11.99%||15.75% to 24%||11.25% to 21.50%||Starting from 10.99%||11.50% to 19.25%||Starting from 12.99%|
|Tenure||3 to 24 months||12 to 60 months||12 to 60 months||12 to 60 months||12 to 60 months||12 to 60 months|
|Loan amount||Rs. 1,000 to Rs. 15 lakh||Rs. 50,000 to Rs. 15 lakh||Upto Rs. 40 lakh||Upto Rs. 30 lakh||Upto Rs. 20 lakh||Upto Rs. 25 lakh|
|Processing Fee||Upto 5% of loan amount||Upto 2% of loan amount plus GST||Upto 2.50% of the loan amount||Upto 3% of the loan amount||Upto 2.25% of loan amount plus GST||Up to 3.99% of the loan amount|
Indiabulls Personal Loan - Customer Care
Frequently Asked Questions
Ques: How soon will I get the personal loan and how?
Ans: Once your documents are approved, the personal loan is instantly disbursed to your bank account.
Ques: What do I need to apply for Indiabulls personal loan?
Ans: You will need PAN Card, Address Proof and Bank Account, Internet Banking Credentials.
Ques: How do I check the status of my personal loan application?
Ans: If you have applied for Indiabulls personal loan online that is through website or mobile application, you can easily view the progress of your loan application in the loan progress bar. If you have applied for a personal loan offline, you can check the loan status by sending an email on firstname.lastname@example.org.
Ques: What type of interest rate is offered on Indiabulls personal loan?
Ans: Fixed rate of interest is offered on Indiabulls personal loan.
Ques: When is my next due date? How do I view the EMI status?
Ans: All the information including your complete loan details, EMI status, due date, etc. can be seen after you login you your account through the mobile app or website.
Ques: Is it possible to change my EMI due date?
Ans: According to the Indiabulls Consumer Finance Limited policy, EMI due date cannot be changed post disbursement of the loan amount.
Ques: How do I pay the EMI?
Ans: The EMI can be paid through NACH.
Ques: What will be my instalment cycle date?
Ans: Indiabulls currently offers 2 due dates and they are 2nd and 5th of every month.
Ques: Is it possible to make part-payment before the 1st EMI?
Ans: No, as per the Indiabulls Consumer Finance Limited policy, you cannot make part- payment before the 1st EMI.
Ques: Can I apply for Indiabulls personal loan with a co- applicant?
Ans: According to the Indiabulls Consumer Finance Limited policy, you cannot have a co- applicant for a personal loan.
Ques: From where can I get my re-payment schedule/statement of accounts/interest certificates/no objection certificate?
Ans: All the important documents are emailed on your registered email address. Also, you can also contact the customer care for any assistance.
Ques: How should I make the overdue payment?
Ans: You can make overdue payments through NEFT/RTGS to the registered bank accounts.