Indiabulls Home Loan Interest Rate Calculator - Aug 2017

Indiabulls Home Loan

Indiabulls offers housing loan to people who want money to purchase a house, home renovation and home extension etc. The house itself acts as a security to the loan. Taking a loan from Indiabulls has the following benefits:

• Counselling by experts to help you in making the right choice
• Affordable and attractive interest rates
• Easy monthly repayments under tranched EMI scheme for partially disbursed loans

Indiabulls Home Loan Interest Rates

In addition to its regular loan products, bank also offers customized loans for special categories of borrowers. Bank offers lower rates to ladies borrowers. Click on the details to get slabwise interest rates.

Indiabulls Floating Rate Home Loans

Product	Interest Rates
Indiabulls Home Loan Floating	8.35% - 8.85% Details+
Indiabulls Home Loan Floating Upto Rs. 3,000,000 - 8.40% Rs. 3,000,001 - 7,500,000 - 8.55% Rs. 7,500,001 - 30,000,000 - 8.75% Above Rs. 30,000,000 - 8.85% special offer for female borrower Upto Rs. 3,000,000 - 8.35% Above Rs. 3,000,001 - 7,500,000 - 8.50% Above Rs. 7,500,001 - 30,000,000 - 8.70% Above Rs. 30,000,000 - 8.80%
Indiabulls E - Home Loans	8.35% - 8.85% Details+
Indiabulls E - Home Loans Upto Rs. 3,000,000 - 8.40% Rs. 3,000,001 - 7,500,000 - 8.55% Rs. 7,500,001 - 30,000,000 - 8.75% Above Rs. 30,000,000 - 8.85% special offer for female borrower Upto Rs. 3,000,000 - 8.35% Above Rs. 3,000,001 - 7,500,000 - 8.50% Above Rs. 7,500,001 - 30,000,000 - 8.70% Above Rs. 30,000,000 - 8.80%

Indiabulls Fixed Rate Home Loans

Product	Interest Rates
Indiabulls Home Loan Fixed	8.95% - 9.10% Details+
Indiabulls Home Loan Fixed Upto Rs. 2,800,000 - 8.95% Rs. 2,800,001 - 7,500,000 - 8.95% Rs. 7,500,001 - 30,000,000 - 9.00% Above Rs. 30,000,000 - 9.10%

Indiabulls home loan interest rate depends upon

• Loan amount: Housing loan rate in Indiabulls depends upon the loan amount you apply for. Higher the loan amount, lesser will be the rate
• Your Salary: Income helps you in identifying your rate of interest. Bank's rate varies with your monthly income. Higher the income, lesser will be the rate
• Type of loan opted for: Indiabulls also offers differential rates for women borrowers and also under their fixed and floating rate schemes. The rate of interest may be higher or lower under their special or popular loan product offers.

Indiabulls Eligibility Criteria

Indiabulls has detailed criteria to determine a potential borrower’s eligibility for housing loans. Some of the key criteria are:

Age	21 - 65 years
Job Stability in case of Salaried (in years)	2 years
Minimum Credit Score	650 and above
Loan Amount	Rs. 1,500,000 to Rs. 1,500,000,000
Loan to Value Ratio	Upto 90%
FOIR (Fixed Obligations to Income Ratio)	Up to 0.65

• Age: Age plays an important role to know your eligibility and repayment capacity. Indiabulls offers loan to salaried at the age of 21 to 65 years and self- employed individuals at 21 to 65 years. A borrower taking a home loan at the age of 50 cannot get a loan of more than 15 years, which may result in lower loan eligibility and monthly EMI given higher servicing burden on his existing income. A person taking a loan at the age of 25, can get loan of up to 30 years, thus reducing servicing burden on his existing income and hence, improving his loan amount eligibility
• Income: In case of salaried person, loan eligibility significantly depends upon the income. Usually bank set minimum levels of income to apply for house loan. . Salaried employee should be in government job or working with a reputed private company and getting regular salary in bank account with salary slip, form 16
• Job stability and Profession: Job stability is important to improve your status and eligibility for home loan. In case you are salaried, you must be in a full time job for at least 2 years. In case you are self-employed, minimum turnover and minimum net income criteria may apply. Indiabulls also looks for business vintage (number of years a business has been in existence of years. Business must be registered with at least one government agency such as service tax, VAT, excise, shops and establishment registrar. Other than job stability, profession is also an important factor which can affect your loan eligibility. If you are working with a reputed company, probability of getting house loan from Indiabulls increases as the income is considered to be more stable
• CIBIL Score: Your past CIBIL history and repayment record of existing loans and credit cards has direct impact on your loan eligibility. If you have a poor repayment record, then you may not get the loan but on the other side, a regular repayment record increases your house loan eligibility. Indiabulls looks for a minimum credit score of 650 and above
• Loan Amount Bank gives you loan depending upon your loan eligibility. Indiabulls gives you an amount ranging from Rs. 1,500,000 to Rs. 1,500,000,000. To improve chances of approval, apply for a loan amount that you can comfortably service
• Property Value: The value of the property to be purchased is used to calculate your maximum loan eligibility based on the maximum permissible LTV ratio which can range upto 90%. Indiabulls will get a detailed property assessment done to establish that all legal titles are in place, the market is saleable or liquid and to get an estimate of the fair market value of the property. LTV is calculated based on the estimated fair market value or registered value, whichever is lower
• Fixed Obligations to Income Ratio (FOIR): Indiabulls will also calculate the proportion of your fixed obligations (including EMIs paid on other existing loans) to your income to calculate the Fixed Obligations to Income Ratio, popularly known as FOIR. In summary, fixed obligations include estimated average monthly expenses and EMIs you are paying on other existing loans. Minimum FOIR to be eligible for a Indiabulls home loan is 0.65

Indiabulls Loan Eligibility Calculator and EMI Calculator

Indiabulls Home Loan Eligibility is the amount of loan you can avail based on an assessment of your repayment capacity as well as the value of property. It is important to calculate eligibility for housing loan from Indiabulls. You can use eligibility calculator to get a fairly accurate estimate of your potential eligibility subject to the information provided by you.

Further, you can also use the Indiabulls Home Loan EMI Calculator online to calculate your house loan EMI. EMI is a fixed amount that you pay each month towards the repayment of yourloan till the end of tenure

• EMI calculator of Indiabulls helps you to calculate your monthly EMI at different rate of interest and also check and compare lowest EMI per lakh on home loan.
• You can plan your loan amount according to your monthly repayment capacity because higher the loan amount, higher will be the EMI
• Rate of interest is an important factor which affects your EMI. Higher the rate, higher will be the EMI
• Loan tenure matters equally as higher tenure reduces your EMI

What are the benefits of calculating Indiabulls Housing Loan EMI?

• EMI calculator helps you to calculate your monthly EMI at different rate of interest
• Indiabulls Housing Loan EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
• You get a rough idea about your monthly EMI and can plan your monthly budget accordingly

Other Home Loan Charges

In addition to interest rates, home loan also carry some other charges which include:

• Foreclosure Charges - These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Indiabulls allows prepayment of house loan with prepayment charges
• Processing Fee - Indiabulls charges a processing fee of 0.50% of loan amount Minimum Rs. 5,000 Maximum Rs. 10,000 with applicable tax
• Other Charges - Bank also charges technical and legal charges which are explained to the customer during the loan process.

Home Loan Products

Indiabulls offers customized products for specific customer segments designed to meet their loan requirements. Some of the popular products with their basic features are as follows:

Indiabulls e-home loans

Description:

• Avail e-loans for purchase of Flats, row house, bungalow from developers, existing freehold properties, properties in an existing co-operative housing society or apartment owner's association. Can also take loan for construction of residential dwelling unit on any owned plot, extension of existing residential property (adding floors, new rooms) or Renovation of existing residential property.

Who is Eligible?

• Customers who wants to purchase flats, bungalow or any type of residential property, plots for construction of house can easily avail e-home loans.

Key Loan Terms

• Home loan available at the age of 18 - 70 years
• Loan amount that you can borrow ranges from Rs. 1,500,000 to Rs. 1,500,000,000
• Option to apply for a maximum ltv of 90% of value of the property
• Housing loan for a maximum period of 30 years

Housing Loan Indiabulls documents required

For Salaried employee

• Filled up loan application form
• 2 Passport Size Photo
• ITR of last 2 years
• Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
• Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
• Income Documents – 6 months payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit

For Self-Employed

• Filled up loan application form
• 2 Passport Size Photo
• Identity Proof - Passport/ Driving License/ Voter ID/ PAN
• Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
• Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile

Frequently Asked Questions

Indiabulls Home Loan in India

City	Customer Care Number
Agra	981-109-0584, homeloans [at] indiabulls [dot] com
Ahmedabad	079-30484601, homeloans [at] indiabulls [dot] com
Ambala	0172-5051348, homeloans [at] indiabulls [dot] com
Anand	079-30484601, homeloans [at] indiabulls [dot] com
Aurangabad	989-231-7321, homeloans [at] indiabulls [dot] com
Bangalore	080-30141853, homeloans [at] indiabulls [dot] com
Bhilai	1800-200-7777, homeloans [at] indiabulls [dot] com
Bhilwara	0141-3055777, homeloans [at] indiabulls [dot] com
Bhiwadi	989-231-7321, homeloans [at] indiabulls [dot] com
Bhopal	0755-3921628, homeloans [at] indiabulls [dot] com
Bhubaneswar Cuttack	1800-200-7777, homeloans [at] indiabulls [dot] com
Bikaner	0141-3055777, homeloans [at] indiabulls [dot] com
Chandigarh	0172-5051348, homeloans [at] indiabulls [dot] com
Chennai	044-30063812, homeloans [at] indiabulls [dot] com
Cochin	1800-200-7777, homeloans [at] indiabulls [dot] com
Coimbatore	0422-3018188, homeloans [at] indiabulls [dot] com
Dehradun	1800-200-7777, homeloans [at] indiabulls [dot] com
Delhi	011-33543680, homeloans [at] indiabulls [dot] com
Durg	1800-200-7777, homeloans [at] indiabulls [dot] com
Faridabad	011-33543680, homeloans [at] indiabulls [dot] com
Gandhinagar	079-30484601, homeloans [at] indiabulls [dot] com
Ghaziabad	981-109-0584, homeloans [at] indiabulls [dot] com
Goa	1800-200-7777, homeloans [at] indiabulls [dot] com
Greater Noida	011-33543680, homeloans [at] indiabulls [dot] com
Gurgaon	0124-4572444, homeloans [at] indiabulls [dot] com
Guwahati	1800-200-7777, homeloans [at] indiabulls [dot] com
Gwalior	0755-3921628, homeloans [at] indiabulls [dot] com
Hyderabad	040-24542262, homeloans [at] indiabulls [dot] com
Indore	0731-3085211, homeloans [at] indiabulls [dot] com
Jabalpur	0755-3921628, homeloans [at] indiabulls [dot] com
Jaipur	0141-3055777, homeloans [at] indiabulls [dot] com
Jalandhar	0161-5024294, homeloans [at] indiabulls [dot] com
Jodhpur	0141-3055777, homeloans [at] indiabulls [dot] com
Kanpur	981-109-0584, homeloans [at] indiabulls [dot] com
Karnal	0124-4572444, homeloans [at] indiabulls [dot] com
Kolhapur	989-231-7321, homeloans [at] indiabulls [dot] com
Kolkata	983-003-9773, homeloans [at] indiabulls [dot] com
Kota	0141-3055777, homeloans [at] indiabulls [dot] com
Kozhikode	1800-200-7777, homeloans [at] indiabulls [dot] com
Lucknow	981-109-0584, homeloans [at] indiabulls [dot] com
Ludhiana	0161-5024294, homeloans [at] indiabulls [dot] com
Madurai	044-30063812, homeloans [at] indiabulls [dot] com
Meerut	981-109-0584, homeloans [at] indiabulls [dot] com
Mehsana	079-30484601, homeloans [at] indiabulls [dot] com
Mohali Sas Nagar	0172-5051348, homeloans [at] indiabulls [dot] com
Mumbai	989-231-7321, homeloans [at] indiabulls [dot] com
Mussoorie	1800-200-7777, homeloans [at] indiabulls [dot] com
Nagpur	989-231-7321, homeloans [at] indiabulls [dot] com
Nashik	989-231-7321, homeloans [at] indiabulls [dot] com
Noida	011-33543680, homeloans [at] indiabulls [dot] com
Noida Extn	011-33543680, homeloans [at] indiabulls [dot] com
Panipat	0124-4572444, homeloans [at] indiabulls [dot] com
Patna	1800-200-7777, homeloans [at] indiabulls [dot] com
Pondicherry	1800-200-7777, homeloans [at] indiabulls [dot] com
Pune	989-231-7321, homeloans [at] indiabulls [dot] com
Raipur	1800-200-7777, homeloans [at] indiabulls [dot] com
Rajkot	079-30484601, homeloans [at] indiabulls [dot] com
Ranchi	1800-200-7777, homeloans [at] indiabulls [dot] com
Rohtak	0124-4572444, homeloans [at] indiabulls [dot] com
Roorkee	1800-200-7777, homeloans [at] indiabulls [dot] com
Salem	044-30063812, homeloans [at] indiabulls [dot] com
Shimla	1800-200-7777, homeloans [at] indiabulls [dot] com
Sonepat	0124-4572444, homeloans [at] indiabulls [dot] com
Surat	079-30484601, homeloans [at] indiabulls [dot] com
Trichy	044-30063812, homeloans [at] indiabulls [dot] com
Udaipur	0141-3055777, homeloans [at] indiabulls [dot] com
Vadodara	079-30484601, homeloans [at] indiabulls [dot] com
Varanasi	981-109-0584, homeloans [at] indiabulls [dot] com
Vijaywada	040-24542262, homeloans [at] indiabulls [dot] com
Vizag	040-24542262, homeloans [at] indiabulls [dot] com