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Indiabulls Home Loan Eligibility Calculator

Home Loan Eligibility Calculator Indiabulls 2022

Last Updated 20th Dec 2021

Eligibility CriteriaIndiabulls Home Loan
Eligible Age of Borrower23 - 65 years
Minimum Eligible Income ₹ 15,000 and above
Work Experience for Salaried2 years
Business Stability for Self Employed3 years
Home Loan Eligibility Calculator

What is Indiabulls Home Loan Eligibility?

Indiabulls offers various home loan schemes and offers at affordable rates to eligible customers whether salaried or self-employed. Indiabulls home loan eligibility is defined as a set of parameters that determines the creditworthiness of the borrowers based on factors like age, salary, occupation, property type and credit score. You can get details about the eligibility for a Indiabulls home loan using the Indiabulls home loan eligibility calculator. It is an online tool that uses mathematical algorithms to check if you are eligible for a home loan or not. In addition, you can know about the amount that you are eligible for.

How is Home Loan Eligibility Calculated by Indiabulls?

Indiabulls Housing loan eligibility is primarily dependent on income and repayment capacity. Other factors that may impact the eligibility of home loans are age, financial position, credit history, credit score, other financial obligations etc.

Indiabulls Home Loan Eligibility Based on Age

  • Age: Your age plays an important role in determining your eligibility and repayment capacity for home loan. Lower your age, higher will be the time period available to repay the loan, and hence higher home loan amount eligibility. The minimum Indiabulls home loan age limit to get a Indiabulls home loan is 23 years at the time of loan commencement and maximum age limit is 65 years. Indiabulls offers home loans for a maximum period of 30 Years subject to the condition that the borrower’s age at the end of the tenure must not exceed 65 of tenure.

Indiabulls Home Loan Eligibility Based on Salary

  • Net income: Your net monthly income determines how much Indiabulls home loan EMI you are capable of paying after meeting all the living expenses based on your standard of living. For instance, if your salary is ₹ 25,000 then at an interest rate of 6.70% offered by Indiabulls, the loan amount that you will be eligible for would be ₹ 27,67,847 to ₹ 33,72,741 depending on your age. Similarly, if your salary is ₹ 75,000, you might get eligible for a loan amount of ₹ 55,35,695 to ₹ 67,45,483 for the same property at the same rate depending on your age at the time of loan application. However, Indiabulls asks for a net monthly income of ₹ 15,000 to avail a home loan.
Age Net Monthly Income (₹)
25,000 50,000 75,000
25 years33.73 Lakh50.59 Lakh67.45 Lakh
30 years33.73 Lakh50.59 Lakh67.45 Lakh
35 years33.73 Lakh50.59 Lakh67.45 Lakh
40 years33.73 Lakh50.59 Lakh67.45 Lakh
45 years31.34 Lakh47.02 Lakh62.69 Lakh
50 years27.68 Lakh41.52 Lakh55.36 Lakh

You may consider repaying any loans with short tenure and high EMI to increase your Indiabulls home loan eligibility.

  • Nature of employment: Indiabulls will check whether you are salaried or self-employed and the company and sector in which you are working. It also looks at your years of experience to check for job and income stability. Indiabulls requires minimum income history and job stability of more than 2 years for salaried individuals and of 3 years for self-employed individuals.

Home Loan Eligibility Indiabulls based on Value of Property

  • Value of property: Indiabulls does not finance the entire property value. The maximum home loan eligibility would depend upon the value of the property as shown below:
Property Value LTV
Less than 30 Lakh90%
Between 30 Lakh and 75 Lakh80%
Above 75 Lakh75%
  • Property documents: Your property’s legal documents should be satisfactory and be cleared by the Indiabulls's legal team.

The housing loan eligibility calculator of Indiabulls can be a useful tool to assess your eligibility for the loan.

Indiabulls Housing Loan Eligibility Calculator based on FOIR

FOIR (Fixed Obligation to Income Ratio) is an important parameter used by Indiabulls to determine your home loan eligibility. Indiabulls considers all your fixed obligations like current EMIs into account while estimating your eligibility. The minimum FOIR required to be eligible for an Indiabulls home loan is 0.65. Calculate your eligibility with the Indiabulls home loan calculator and apply for the eligible loan amount hassle-free.

Indiabulls Home Loan Eligibility for Women

Indiabulls offers the same rates to women borrowers starting at 6.70% with similar eligibility criteria for home loan. In the case of a joint home loan, the woman borrower also needs to be the co-owner of the property and should have a good credit history to get the joint home loan application passed for concessional rates.

Minimum CIBIL Score for Indiabulls Home Loan

Indiabulls considers credit score as a barometer to gauge your past credit behaviour, and hence, CIBIL score becomes the most important factor in defining your eligibility to get a home loan. A higher credit score increases your chances to get loan approval from Indiabulls. However, a low CIBIL score reduces your chances to get a home loan. Indiabulls requires a minimum credit score of 650 to be eligible for a home loan.

How to Enhance Indiabulls Home Loan Eligibility?

You can enhance the Indiabulls home loan eligibility using the tips mentioned below:

  • Add an earning family member as a co-applicant.
  • Ensure a steady income flow, regular savings and investments.
  • Provide details of your regular additional income sources.
  • Track your variable salary components.
  • Take actions to rectify errors (if any) in your credit score.
  • Repaying ongoing loans and short term debts.

How to Use Indiabulls’s Home Loan Eligibility Calculator?

To check Indiabulls home loan eligibility perform the following steps:-

  • Go to the Indiabulls website
  • Now navigate to the option Indiabulls home loan
  • To check eligibility criteria use a home loan eligibility calculator.
  • Fill the required details like loan amount required, salary, age etc.

Also, you can contact the bank by calling on their customer care number .


What is the criteria to get Indiabulls home loan?

The basic criteria to get a home loan from Indiabulls are as following:

Age23 - 65 years
Income ₹ 15,000
Income3 years for salaried, 5 years for self-employed
Credit score650 and above

How much home loan can I get on my salary from Indiabulls?

The amount for which you are eligible is calculated based on the FOIR and LTV. The higher your income, and the least is your fixed obligations (mostly ongoing EMIs), the higher will be your eligibility for a home loan.

What is the minimum salary to get home loan from Indiabulls?

The minimum salary required to avail home loan from Indiabulls is ₹ 15,000.for salaried borrowers. The income criteria for self employed professionals or businessmen may vary in Indiabulls.

Is Indiabulls good for home loan?

The lowest interest rate provided by Indiabulls is 8.65% which is a best rate in the market. There are no prepayment charges on floating rate based home loan. Hence, you can consider this as a good option for housing loan.

Does adding a co-applicant increase housing loan eligibility?

Yes, adding a co-applicant with an independent income source increases housing loan eligibility significantly. By doing so you will be able to get a higher loan amount and also both of you can save on taxes under Income Tax Act.

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Indiabulls Home Loan News - Jan 2022
  • 2021-12-20 : Indiabulls Housing Finance Looks to Onboard New Investors
    Indiabulls Housing Finance is looking to onboard new investors as promoter Sameer Gehlaut reduced his stake below 10% last week.
  • 2021-11-12 : Indiabulls Housing Finance Reports Loss by 11.4%
    Indiabulls Housing Finance has reported a fall in profit in quarter 2 for the fiscal year by 11.4%. As a result, the revenue from operations has also fallen by 13.5%.
  • 2021-05-19 : Indiabulls Housing Finance Q4 net profit up 102%
    Indiabulls Housing Finance Ltd has posted a 102% rise in net profit at Rs276cr for the fourth quarter ended March 2021 as against Rs137cr in same quarter of FY20. Its loan book which includes home, personal, two-wheeler, car , gold, education and doctor loans shrunk to Rs66,047cr in March 2021 from Rs73,065cr in March 2020. Further, Its net profit for FY21 was down at Rs1,201cr from Rs2,199cr.
  • 2021-04-23 : Indiabulls Housing Finance planning to become a loan originator
    Indiabulls joined hands with HDFC. Under the partnership, Indiabulls will originate and process retail home loans as per jointly formulated credit parameters and eligibility criteria. Of these loans, 80% will be on HDFC’s books, while Indiabulls will retain 20%. The loans will be serviced by Indiabulls throughout their lifecycle. HDFC with its access to deposits, cheap cost of funds, simple process and integration is expected to offer Indiabulls the benefit of a large franchise, scale and a robust credit appraisal process.
  • 2021-02-24 : Indiabulls Housing Finance issues foreign currency convertible bonds (FCCBs)
    Indiabulls Housing Finance Limited has issued Foreign Currency Convertible Bonds (FCCBs) to raise US$200 million. The securities issuance committee has fixed the floor price at Rs227.09 per FCCB.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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