Sammaan Capital Home Loan (Formerly Indiabulls Housing Finance)

Note: Indiabulls Housing Finance Ltd has rebranded itself in 2024. From July 2024 onwards, Indiabulls Housing Finance Ltd has been renamed as Sammaan Capital Ltd. Sammaan Capital will continue to focus on retail home loans and mortgage-backed loans to micro, small and medium enterprises (MSMEs).

Here are highlights of Indiabulls Home Loan:

• Simple application process with quick approval and disbursal.
• Attractive Sammaan Capital Home Loan Interest rate starting from 8.75% p.a.
• Flexible loan amount ranging from Rs. 5 Lakhs to Rs. 5 Crores.
• Flexible repayment tenure up to 25 years.
• Sammaan Capital Home Loans for plot purchase and construction are also available up to Rs. 1 Crore on all serviceable locations.
• No pre-payment and foreclosure charges on the Indiabulls home loan.
• Balance transfer & home loan top up facility available.
• MVL funding is available in resale loans.
• SENP customer loan structuring and higher Loan eligibility to SENP customers through Surrogate Products.
• Funding for Prime as well as subprime customer profiles and property profiles.
• PAN India presence in Tier 1, 2, and 3 cities with a branch network of 200+ branches.

Looking for 30 Lakh Home Loan? Check Interest rates, Eligibility, EMI & Apply Now!

Sammaan Capital offers Home Loans at a floating interest rate. Currently, floating interest rates on Sammaan Capital home loans start from 8.75% p.a. The actual interest rate depends on a variety of factors such as customer profile, bureau score, loan amount, property type, tenure, etc.

Check Best Home Loan Interest Rates starting @7.35% from different banks and NBFCs

Sammaan Capital Home Loans

• Instant home construction loan for the purchase of a new or pre-owned residential unit.
• End-to-end digital processing.
• Open for both salaried and self-employed individuals.
• Extended tenure up to 25 years at an attractive rate of interest.
• Sammaan Capital Housing Finance up to 90% of the cost of the property, subject to a maximum of Rs. 5 Crores, depending on the loan amount, borrower’s income and fulfilment of other eligibility factors.
• The loan tenure for salaried applicants should not extend beyond their retirement.
• Self-employed persons can repay up to 65 years of age.

Sammaan Capital Home Improvement Loans

• Secured online loan for renovation or improvement of existing homes.
• Open to both new and existing customers.
• Available for all types of internal & external home repair & improvement expenses.
• The eligibility criteria are in line with those of other Sammaan Capital Home Loans.
• The maximum repayment tenure is 15 years and varies as per the borrower’s profile and the age of the property on loan maturity.
• Flexible repayment options.

Sammaan Capital Home Extension Loans

• Home extension loan for the growing needs of your family.
• The repayment tenure depends on several factors like the customer's profile, age at maturity of the loan, and the age of the property at maturity.
• The overall eligibility criteria are the same for all categories of Sammaan Capital home loans.
• End-to-end online fulfilment.
• No prepayment charges.
• Flexible repayment options.

Sammaan Capital Home Loan Balance Transfer

• Enjoy a high-value Sammaan Capital home loan refinancing/ balance transfer option with IHFL.
• Extended tenure up to 25 years, subject to your age and property value & location.
• No prepayment charges.
• Flexible loan tenure & repayment options.
• High loan-to-value eligibility amount.
• Avail of the attractive top-up option.
• Lower EMIs or adjust repayments according to needs.
• Attractive Sammaan home loan interest rate, starting from 8.75% p.a, subject to your profile, loan amount, tenure and property type.

PMAY (Pradhan Mantri Awas Yojana)

PMAY is a credit-linked subsidy scheme (CLSS) launched by Government the of India for providing affordable housing to all Indians by 2022.

Sammaan Capital Housing Finance is one of the nominated financial institutions to provide Home Loans under PMAY scheme. The maximum eligible subsidy amount under PMAY is Rs 2.67 Lakhs annually. The last date to submit an application for PMAY 2021 benefits is 31 March 2022 under LIG & EWS Categories.

 Indiabulls Home Loans for NRIs

• IHFL provides Home Loans for NRIs based in the United Kingdom and Dubai.
• NRIs in these countries can contact Sammaan Capital's representative office in London and Dubai, respectively.
• Loan can be applied, sanctioned, approved & disbursed online.
• NRI Home Loan offers benefits at par with regular home loans.

 Indiabulls Rural Home Loans

• Affordable housing loan for rural and semi-urban residents in India.
• Instant online sanction.
• Transparent processing & attractive terms and conditions.
• Flexible tenure & repayment option.
• Easy documentation.
• Swift & responsive customer support.

You can also check DDA Housing Scheme 2026

The documents required for Samman Capital home loan are as follows: 

KYC Documents: 

• Signed across photographs for all applicants and co-applicants.
• Identity proof for all applicants and co-applicants - preferred PAN Card copy.
• Address proof for all applicants and co-applicants - preferred Aadhar Card copy.
• Signature proof for all applicants and co-applicants.
• PAN/ Form 60 of all applicants.

Income Documents for Salaried:

• Last 3 months’ salary slips along with the bank statement showing salary credit.
• 2 years ITR/ Form 16.
• Appointment Letter/ 3 Years’ Job continuity proof
• Obligation details with supporting documents like Sanction Letter, Bank Statement showing EMI payments, and RTR.
• Copies of property papers (if available upfront).

Income Documents for Self-Employed (SEP & SENP):

• Last 3 years’ ITR along with financials and Current & Savings Bank Account Statements.
• Business Proof, Business Address Proof, and Business Profile.
• GST Certificate (if applicable).
• MSME Certificate (if available).
• Obligation details with supporting documents like Sanction Letter, Bank Statement showing EMI payments, and RTR.
• Copies of property papers (if available upfront).

Additional Info: Also check Documents Required For Home Loan

You can instantly check eligibility for Indiabulls housing loan online using the home loan eligibility calculator. All you need to do is fill in your monthly income, loan tenure & interest rate to check Sammaan Capital home loan eligibility amount.

Eligibility Criteria for Salaried

• Minimum age for loan application: 23 Years 
• Maximum age at loan maturity: 60 Years
• Minimum job experience: 2 years
• Minimum CIBIL score: 675 (O,1,-1 to be ignored for averaging).
• Maximum LTV: 75% - 90%.
• Minimum property area/ value: 250 Sq Ft Built Up Size Property value Rs. 10 Lakhs for Metro & 300 Sq Ft Built Up Size Property Value Rs. 8 Lakhs Non Metro.
• Minimum income: Minimum sole income Rs. 15,000 per month (Rs. 12,000 per month in case the income of two applicants is clubbed).
• FOIR: Maximum 45% - 55%

Eligibility Criteria for Self-Employed (SEP & SENP)

• Minimum age for loan application: 23 years, 21 Years (if the income of father/ brother is clubbed, who is in the same line of business).
• Maximum age at loan maturity: 75 years.
• Minimum CIBIL score: 675 (O,1,-1 to be ignored for averaging).
• Maximum LTV: 75% - 90%.
• Minimum property area/ value: 250 Sq Ft Built Up Size Property value Rs. 10 Lakhs for Metro & 300 Sq Ft Built Up Size Property Value Rs. 8 Lakhs Non Metro.
• Minimum income: Minimum business profit of Rs. 2.5 Lakhs inthe latest year ITR.
• FOIR: Maximum 100% (audited financials) & 80% (unaudited financials).

Additional Info: Also check How to Calculate Home Loan Eligibility on Your Own?

You can determine your home loan EMI by making use of the MyMoneyMantra Home Loan EMI Calculator. The process is simple. Enter the loan amount, interest rate and loan tenure in the calculator screen. You will instantly get the loan EMI, total repayment amount along with the complete amortisation schedule. You can save the same for future reference.

Sammaan Capital Home Loan Calculation

*For EMI calculation purposes, a flat rate of Interest @8.75% p.a. is considered. 
The calculation is indicative only. Your EMI schedule will vary as per the effective rate of interest offered to you.

You can also use Sammaan Capital Home Loan Calculator to get EMI details conveniently through the lender’s portal.