Indiabulls Home Loan Interest Rates

With easy eligibility conditions and accepted credit score as low as 600, Indiabulls home loans becomes the perfect choice for hard-pressed borrowers. Indiabulls home loan interest rates start at 8.75% p.a. which make home loans affordable. With the lowest EMI possible of Rs. 826 per lakh, check your Indiabulls home loans eligibility to grab your perfect deal.

Updated: 15-05-2024 12:41:32 PM

Indiabulls Home Loan Details

Loan amount	Up to 90 % of the property cost
Rate of interest	8.75% onwards
Tenure	Up to 30 years
Lowest EMI possible	Rs. Per 826 Lakh
Processing fee	Up to 2% of the loan amount + GST
Salary	Rs 50000
Credit Score	600

Tip: Best Home Loan for Salaried Person before applying for a loan

Table of Contents: Indiabulls Home Loan Interest Rates[Show]

Indiabulls Home Loan Interest Rates 2024
Factors Affecting Indiabulls Home Loan Interest Rates
Key things about Indiabulls Home Loan Interest Rates
Compare Indiabulls Home Loan Rates with other Lenders
Indiabulls Home Loan Fees and Charges
FAQs

Indiabulls Home Loan Interest Rates 2024

Products	Interest Rate
Regular Home Loans	8.75% onwards
Home Loan Balance Transfer	8.75% onwards

Factors Affecting Indiabulls Home Loan Interest Rates

The final interest rate for Indiabulls Home Loan depends on the profile, loan amount, tenure, and type of property. Indiabulls offers attractive floating interest rates on housing loans in the range of 8.75% per annum. Women borrowers get a concession on housing loan interest rate at Indiabulls.

Loan amount: The interest rate for a housing loan at Indiabulls depends upon the loan amount you apply for. The higher the loan amount, the lesser will be the rate of interest.
Existing customers: Indiabulls offers discounted interest rates to its existing customers in view of their cordial relationship.
Type of loan opted for: Indiabulls offers differential interest rates for different schemes.
The income of the borrower: The rates may vary as per the borrower's monthly income and repayment capacity.

Key things about Indiabulls Home Loan Interest Rates

The applicant of the loan must be a resident of India/ NRI (for Home Loan to NRIs)
The applicant needs to have a steady source of monthly income.
Salaried as well as self-employed applicants can apply for the loan.
The credit history of the applicant must be good with no default/delayed payment records.
The applicant should be minimum 21 years of age at the time of application and maximum 65 years at the time of loan maturity.
Indiabulls Home Loans can be availed to buy a house/plot or renovate/extend an existing home.

Compare Indiabulls Home Loan Rates with other Lenders

Lender	Interest Rate	Processing Fee
Indiabulls Home Loan	8.75% onwards	Up to 2% + GST
Bank of India Home Loan	8.40%	0.25% + GST
SBI Home Loan	8.50% - 10.05%	Up to 0.35% + applicable GST
Navi Home Loan	8.55%	Zero
HDFC Home Loan	8.75% - 9.65%	Up to 0.50% of the loan amount or Rs. 4,500 (whichever is higher) + applicable taxes

Additional Info: Also Check Best Banks for Home Loan in India in 2024

Indiabulls Home Loan Fees and Charges

Following are the charges and fees associated with the Indiabulls Home Loans apart from interest rate:

Description	Charges
Processing fees	For loan amount up to 30 Lakhs: Up to 10,000 For loan amount between 30.01 Lakhs to 3 Crores: Up to 0.50% of the sanctioned loan amount For loan amount above 3 Crores: 0.50% to 1% of the sanctioned loan amount Legal Opinion/ SRO Search/ ROC Search/ Technical Valuation/ Non-Encumbrance Certificate from SRO charges are included in the processing fee
Prepayment charges	For floating rate loans: Nil Fixed and Floating (Dual Rate) Loans: For partial or full pre-payment during the Fixed Interest Rate period if the loan is pre-closed from own sources: Nil For partial or full prepayment during the Fixed Interest Rate period from other than own sources: 2% of the amount prepaid
Charges for transaction handling in balance transfer or resale Home Loans	2,500
Charges or PDC/ ECS dishonour	500
Late payment charges	24% p.a. of outstanding EMI
Charges for retrieval of copies of loan/ property documents held in Indiabulls custody	Hard copies with Indiabulls attestation: 500 Emailing of scanned copies: NIL
Statement of account/ amortization schedule charges	200
Charges for obtaining certified true copies of Title Deeds from SRO (if applicable)	As per Actual
Loan agreement stamping charges	As applicable by state laws
Charges for retrieval of original property documents	5,000
Database admin fee	650 (including service tax)

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Indiabulls Home Loan Interest Rates FAQs

✅ What are the applicable processing fees charged prior to loan disbursement?

The processing fee applicable on Indiabulls Home Loan is as follows:
• For loan amount up to 30 Lakhs: Up to Rs 10,000
• For loan amount between 30.01 Lakhs to 3 Crores: Up to 0.50% of the sanctioned loan amount
• For loan amount above 3 Crores: 0.50% to 1% of the sanctioned loan amount
• Legal Opinion/ SRO Search/ ROC Search/ Technical Valuation/ Non-Encumbrance Certificate from SRO charges are included in the processing fee.

✅ Who can be the co-applicant for a Home Loan?

Any biological family member can be a co-applicant such as spouse or children.

✅ What is the maximum available repayment tenure?

The maximum repayment tenure for Indiabulls Home Loan is 30 years (including a holiday period of 3 months) or the applicant attaining the age of 65 years/ till retirement (whichever is earlier).

✅ Which are the types of Home Loans extended by Indiabulls?

Indiabulls offers the following housing loans to its customers:

Home Loans
Pradhan Mantri Awas Yojana (PMAY)
Home Loan Balance Transfer
Home Loans to NRIs
Rural Home Loans
Plot Loans
Home Improvement Loans
Home Extension Loans

✅ Why should I opt for a Home Loan Balance Transfer to Indiabulls?

Indiabulls offers affordable interest rates, long repayment tenure, and low processing fee. If your EMIs for a current housing loan are higher than the offer at Indibulls, you can opt for balance transfer.

✅ What is the maximum Home Loan repayment period offered by Indiabulls?

You can get Home Loan repayment tenure of up to 30 years, including a holiday period of 3 months.

✅ Can I foreclose the floating rate housing loan with Indiabulls? What are the charges applicable for the same?

Yes, you can foreclose the housing loan based on floating interest rate with Indiabulls at zero charges.

✅ How is the interest on Indiabulls Home Loan calculated?

Interest for Indiabulls Home Loans is calculated on monthly rest.

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