Indiabulls Home Loan

IndiaBulls Home Loan

India’s second largest housing finance company is IndiaBulls Housing Finance Limited. This is the most preferred NBFC Brand nationwide. It offers home loans at attractive rates with longer loan tenures and flexible repayment options.

IndiaBulls home loan scheme are specifically designed to meet the varied needs of individual customers. The bank provides complete assistance by the help of customer counseling team as well as doorstep service. The features like instant approval and quick processing makes this option the favorite choice of consumers to get a house loan.

Why Home Loan from IndiaBulls?

Apply for a best Home Loan to fulfill your desire of living in your dream home. The increasing demand for housing is the main reason for the growth of various private housing finance companies. And IndiaBulls is one such private housing finance company which caters your needs accordingly.
The tagline of IndiaBulls Housing Finance Limited is “Ab Ghar Aa Jao” which indeed connects with people. The entire process is guided to you by the Loanqubes experts starting from applying till the loan is sanctioned.
IndiaBulls aims to give its customers the best housing loan interest rate with cheapest home loan. The bank offers a floating interest Rate starting at 8.80% to a maximum of 11% for its general customers. The bank offers a special rate of interest for its women customers at a floating rate of interest at 8.70% to 10.9%

Fees and Charges

The mentioned below are the fees and charges applicable which are levied by IndiaBulls:
TYPES OF FEESCHARGES APPLICABLE
Interest Rate (Floating)General Borrowers - 8.80%
Women Borrowers - 8.70%
Processing FeesUp to 0.5% of the loan amount
Loan Tenure1 year to 30 Years
Guarantor RequirementNo Guarantor Required
Lowest EMIRs.790 per lac
Transaction Handling charges in Balance Transfer / Resale Home LoansRs. 2500/-
PDC / ECS Dishonor ChargesRs.500/- (Home Loans)

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

Procedure for applying for IndiaBulls Home Loan Online

One can apply online for Home loan through our website with few simple steps by registering online:

1. Enter the required details including your employment type, name, e-mail address, city you are currently living in, type of business, annual income, required loan amount, and mobile number.

2.Provide your consent.

3.Choose IndiaBulls as your Business Loan partner.

4.Fill in the form by providing some basic details like your gender, marital status, PAN Number, and others and click proceed.

For further queries you can go through www.indiabulls.com

Know more about IndiaBulls Home Loans – FAQs

Q. Why should you have a Home Loan with IndiaBulls?

A. IndiaBulls is a reputed Home Loan financing company. They have a reputation for offering prompt services with speedy processing and sanctions. IndiaBulls has easy documentation formalities. They have the personnel to guide you through the Home Loan process

Q. Can I apply for IndiaBulls Home Loan online?

A. Yes. you can easily apply online for Home Loan.

Q. Can I switch over from fixed to floating rate?

A. IndiaBulls offers fixed-rate loans for two years. Consequently, the loan shifts to a floating rate product. You can convert from a fixed rate to a floating rate in between as well.

Q. What are the other types of home loans available at Indiabulls Housing Finance Limited?

A. Besides home loans, Indiabulls offers loan for builder properties and loan against property

Q. What types of home loan interest rates are offered by Indiabulls Housing Finance?

A. Home loan can be taken either at a floating rate of interest or at a fixed rate of interest depending on the applicant’s choice.

QUICK OVERVIEW
Apply online at interest rate starting @8.80% p.a.
Free doorstep documents pick-up service
Quick approval and disbursal rate
Competitive and transparent process
Multiple Home Loan Options available to choose from