20,00,000 people visited this section in last 30 days. Apply Online

Get Cashback of Upto ₹ 1,000* on Home Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online


Indiabulls Home Loan Interest Rates 2021

Indiabulls Housing Loan Interest Rate

Last Updated 24th Feb 2021

Current Indiabulls Home loan interest rates for Apr 2021 starts at 9.25% p.a. for a maximum tenure of 25 years. Processing fee on its housing loans is Minimum ₹ 7,500 Maximum ₹ 10,000.

Loan AmountIndiabulls Home Loan Floating Rate
Upto ₹ 30 Lakh9.25%
₹ 30 Lakh - ₹ 75 Lakh9.50%
₹ 75 Lakh - ₹ 1 Cr9.99%
Above ₹ 1 Cr9.99%

Instant approval with e-home loan

Apply for Home Loan @ 6.65%* Get upto ₹ 1,000* Cashback Apply Online

Indiabulls Home Loan Interest Rates

Indiabulls offers various products on home loan. Indiabulls home loan can be used for the purchase of a flat, home construction loan, extension or improvement loan.


  • Indiabulls Home Loan Interest Rate starts from 9.25%.
  • Indiabulls charges a processing fees of Minimum ₹ 7,500 and Maximum ₹ 10,000.
  • Loan Tenure of Home Loan ranges from 1 years to 25 years.
  • Lowest EMI per lakh on home Loan from Indiabulls is ₹ 856 per lakh offered at the lowest interest rate of 9.25% at the longest loan tenure of 25 years.
  • Indiabulls allows prepayment of home loans with Nil charges on floating rate loans.
  • Indiabulls has an average customer rating of 3.3/5.0 from customers who have taken a home loan from the bank.

Indiabulls Home Loan Rate

Current Indiabulls home loan interest rates are in the range of 9.25% to 9.99%, with special discounted rates for specific categories of borrowers such as women borrowers for whom the bank offers the lowest interest rate of 9.25%. The table below gives the interest rates on various housing finance schemes of Indiabulls.

Indiabulls Home Loan Scheme Interest Rates
Indiabulls Home Loan Floating9.25% - 9.99%

Indiabulls Home Loan Charges

Indiabulls Home Loan Processing Fee

The bank charges a minimum processing of ₹ 3,000. The processing fees is typically non-refundable and has to be paid at the time of loan application. In addition to Indiabulls housing loan processing fees, the bank also charges certain technical and legal charges which are explained to the customer during the loan process and are payable once the loan application proceeds further.

Indiabulls Home Loan Documents

Documents for Salaried employees

  • 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
  • Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension

Documents 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
  • Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension

Home Loan Indiabulls Schemes

Indiabulls offers customized schemes 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

  • Easy 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. Loan can also be availed for construction of house on an owned plot, home loan extension or home improvement. The loan comes with IB chat, e-sign, DigiLocker Integration and an easy loan application process which makes it a quick and convenient home loan option for borrowers.
  • This scheme offer the best features and most competitive pricing to the widest range of borrowers seeking to buy their dream home.
  • While every home loan is a very personalized need of borrowers and Indiabulls Home Loans makes the best effort to understand the requirement and provide them with the most customized home loans.
Key Loan Terms
  • Home loan available at the age of 18 to 70 years
  • Loan amount that you can borrow ranges from ₹ 2 Lakh to ₹ 0 Cr
  • Option to apply for a maximum ltv of 90% of value of the property
  • Housing loan for a maximum period of 25 years

Indiabulls Pradhan Mantri Awas Yojana

The government of India has launched many affordable housing loan schemes to facilitate availing home loan at concessional rates to lower and middle-income groups. Some of the popular schemes are:

a) PMAY or Home Loan Subsidy Scheme: Launched in 2015 to provide houses to the homeless. You can apply for PMAY at Indiabulls if you fulfil the eligibility criteria. Know more about PMAY Scheme

b) Pradhan Mantri Gramin Awas Yojana:  It focuses on homeless families and offers pucca houses with basic amenities.

c) DDA Housing Scheme: It aims to provide houses to low, middle, and high-income groups.

d) Tamil Nadu Housing Board Scheme: It started in 1961 to provide houses to varied income groups.

e) Mhada Lottery Scheme: It's a lottery scheme launched every year for buyers of varied income groups.

f) Rajiv Awas Yojana: Launched in 2009 with the aim of bringing illegal construction under the formal system and encouraging slum-free India.

Each of these schemes has its conditions with respect to eligibility, the amount of loan that can be borrowed, and the rate of interest.

Illustration on Indiabulls Home Loan Interest Rate
Maximum Annual Percentage Rate (APR) 9.25% to 9.99%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 1 Years to 25 Years
  • Indiabulls Home Loan Interest Rate: 9.25% to 9.99%
  • Processing Fee payable to: Upto ₹ 0
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 856 for 25 Years ₹ 1,00,000 loan at 9.25% (lowest rate, longest time period) to ₹ 8,791 for 1 Years ₹ 1,00,000 loan at 9.99% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 9.25% to 9.99%
  • Total cost payable over loan tenure: ₹ 5,081 for 1 Years loan to ₹ 1,56,914 for 25 Years loan


What is Indiabulls Home Loan interest rate?

Indiabulls Home Loan interest rate ranges between 9.25% to 9.99%.

Why should I opt for balance transfer to Indiabulls?

Indiabulls offers competitive Home Loan rates with the best EMI of ₹ 856 per lakh availed at a low-interest rate of 9.25% for a maximum tenure of 25 years. If you are paying an EMI more than ₹ 856 per lakh, you should consider the option for a loan transfer to Indiabulls from your existing bank. EMIs can be calculated through Indiabulls Home Loan EMI calculators.

Do I get tax benefits on a Home Loan from Indiabulls?

As per the Indian Income Tax Act of 1961, residents of India are eligible for tax benefits on the principal amount and interest components of a house finance under section 24 and section 80C of Income Tax Act.

What is the effect of part prepayments on Indiabulls housing finance EMI ?

Part prepayments help you in reducing the outstanding amount of loan, which in turn will reduce the interest amount due. After making part payments, paying the same Home Loan EMI will increase your involvement towards the principal amount, which will help you in repaying the loan faster.

How to increase my eligibility on Indiabulls housing loan?

If your spouse or family member is earning well, you can make your spouse or family member the co-applicant for your loan. The combination of both of your income will help you in increasing your eligibility to get a loan.

  • Floating rate on Indiabulls housing loan is linked to its PLR Rate, which is currently at 24.00%. When Bank offers a Home Loan at %, it applies a discount of 24% to its PLR Rate to arrive at this Home Loan rate.
  • When RBI increases rates, the bank may increase its PLR rate and the applicable interest rate for all existing and new Home Loans would increase. When RBI cuts interest rates and the bank reduces the PLR rate, the benefit of lower rates will have to be passed to both old borrowers and new house loan accounts.

What is the current Indiabulls Home Loan rate?

The current Indiabulls Home Loan rate starts from 9.25% with a processing fee of Minimum ₹ 7,500 and Maximum ₹ 10,000

Indiabulls Home Loan Reviews 3.3/5  by 3 customers
MyLoanCare Service
Banks Service
brijesh gupta, Delhi
Reviewed on 26th Sep 2018
4 / 5 stars
Indiabulls Home Loan Availed in Aug 2018

Easy and well understanding MLC. Nice to talk to them and also will refer others Read more...

Sneha Shaw, Kolkata
Reviewed on 03rd Aug 2017
3 / 5 stars
Indiabulls Home Loan Availed in

My experience is good so far, I wish to get best service through out my loan tenure. Read more...

Pooja Verma, Gurgaon
Reviewed on 29th Jan 2015
3 / 5 stars
Indiabulls Home Loan Availed in Dec-17

I don't know if you have observed that they are among the few once to increase the interest rates, bRead more...

Indiabulls Home Loan News - Apr 2021
  • 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.
  • 2019-07-15 : Borrowers to get loans easily as Indiabulls enables online loan application processing across various platforms
    One of the leading home loan providers, Indiabulls has enabled online loan application processing over various platforms, allowing customers to apply for loans anytime, anywhere. The loan seekers can apply for personal loans through its app, Dhani after online verification through e-KYC and e-sign using the Aadhaar facility.
  • 2019-06-21 : CCI approves the merger of Indiabulls Housing Finance with Lakshmi Vilas Bank
    The Competition Commission of India (CCI) has approved the proposed merger of Indiabulls Housing Finance with Lakshmi Vilas Bank. After the merger, both the companies are aiming for a more extensive capital base, wider geographical reach, and steady growth across their retail loan book, which currently stands at Rs. 1.23 lakh crore.
  • 2019-04-08 : Lakshmi Vilas Bank to merge with Indiabulls Housing Finance
    Private sector lender, Lakshmi Vilas Bank has said that its board has approved a scheme of amalgamation with one of the leading home loan financiers, Indiabulls Housing Finance. Following the transaction, Indiabulls Housing Finance will receive access to the banking platform, while Lakshmi Vilas Bank will benefit from the efficiency of housing finance company backed by a strong technology architecture to further grow themselves. Although, RBI is yet to confirm their merger.
  • 2019-04-05 : Indiabulls Housing Finance plans Rs. 26,000 crores borrowing for FY19
    One of the leading home loan financiers, Indiabulls Housing Finance has said that it has raised Rs. 17,300 crore in the March quarter of 2018-19 and now it is planning to borrow Rs. 26,000 crore in the current financial year. The company is aiming to deliver 17-19% profit after tax (PAT) growth in the current financial year and also it is expecting to receive a strong growth in its home loans portfolio during this financial year.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
Please wait while your information is being processed...