Advantages of IndiaBulls Home Loan

IndiaBulls offers exciting advantages and offers which grab the attention of customers to choose them for availing House Loan.

• Home Loan provided at attractive Interest Rates.Competitive rates of interest varying between 8.80% and 12% p.a., with concessions to women beneficiaries.
• Cheapest home loan available.
• Best home loan rates
• Check your eligibility with a single click.
• Quick processing with no delay and disbursal.
• Easy and minimal documentation.
• Flexible repayment option.
• Speedy loan approval
• Option to avail insurance.

Eligibility Criteria for applying for IndiaBullsHome loan

Your application for loan can be approved once you meet the eligibility criteria. The applicant must satisfy the following conditions to be eligible for the housing loan:

1. One must be Indian resident.
2. NRIs living in UK and Dubai can apply for the NRI Home Loan.
3. The property can be purchased in India from the loan amount.
4. age should be 21 years and maximum 65 years to apply for the loan.
5. One must have fixed source of income with supportive documents for the same,
6. One must have a good credit score.

Documents required for applying for a Home Loan from IndiaBulls

Below mentioned are the common documents applicable for all:

• 1. Main applicant’s passport size photograph
• 2. Duly signed loan application form
• 3. Identity proof: Aadhar Card/ Passport/ PAN Card/ Driving License/ Voter’s ID
• 4. Address proof: Passport/ Electricity Bill (maximum 3 months old)/ Registered Rent Agreement
• 5. Processing fee cheque
• 6. Property documents (original copies):
  • 1. A Sale Deed, Transfer of Ownership, Katha
  • 2. No Objection Certificate from the builder or Housing Society (original copy)
  • 3. Land Tax Payment Receipt
  • 4. Possession Certificate

Documents for Salaried Applicant:

• 1. Form 26 AS or ITR for the last 2 years if Form 16 is not available
• 2. Last 2 years’ Form 16
• 3. Last 1 year’s bank statement.
• 4. 1 year salary certificate with authorized company stamp
• 5. Last 3 months’ salary slips.
• 6. IT Returns

Documents for Self-Employed Non-Professional Applicants

• 1. IT return of 2 years with computation
• 2. 2 years’ Balance Sheet
• 3. 2 years’ Profit & Loss statement
• 4. Last 6 months’ bank statement
• 5. Registration Certificate of establishment under Shops & Establishments Act/ Factories Act or Gumasta License
• 6. Proof of qualification

Documents for Self-Employed Professional Applicants

• 1. IT return of 2 years with computation
• 2. 2 years’ Balance Sheet
• 3. 2 years’ Profit & Loss statement
• 4. Last 6 months’ bank statement
• 6. Proof of qualification
• 7. Gumasta License

Documents for NRI Applicants

• 1. Rent Agreement (if living on rent) with Utility Bill (3 months or old)
• 2. Last 6 months’ salary slips
• 3. Passport
• 4. Continuous Discharge Certificate (CDC)
• 5. Last 3 years’ Contract Copy
• 6. Bank statement of 1 year (for NRE/ NRO Account)
• 7. 2 years Form 16 with Computation