Indiabulls Home Loan Interest Rates 2021

Today Indiabulls home loan interest rates are in the range of 8.65% to 8.65%, with special discounted rates for specific categories of borrowers such as women borrowers for whom the bank offers the lowest interest rate of 8.65%.

Below-mentioned are Indiabulls home loan rates for multiple housing schemes.

Indiabulls Home Loan Scheme	Interest Rates
Indiabulls Home Loan Floating	8.65%

The home loan interest rates in Indiabulls for salaried & non-salaried employee is mentioned in the table below:

Home Loan Interest Rate for Self-Employed

Loan Amount	Rate
Upto ₹ 30 Lakh	8.65%
₹ 30 Lakh - ₹ 75 Lakh	8.65%
₹ 75 Lakh - 1 Cr	8.65%
Above ₹ 1 Cr	8.65%

Indiabulls has reduced interest rates on home loan by 0.6% on 01 Apr, 2021. After the cut in Indiabulls home loan rates, the latest rates start from 8.65%. The past home loan interest rate trend of Indiabulls is as below:

Last Revised Date	Lowest Home Loan Interest Rate of Indiabulls	Rate Difference
01 Apr, 2021	9.25%	▼-0.6%
31 Mar, 2021	9.25%	▼-0.6%

Indiabulls offers multiple home loan schemes at affordable interest rates. However, you must do comparison between Indiabulls and other bank’s home loan rates before applying:-

Particulars	Indiabulls	SBI	HDFC
Interest Rate	8.65% - 8.65%	6.70% - 7.05%	6.75% - 8.20%
Processing Fees	Upto 1.00%	Upto 0.40% Min ₹ 10,000	Min ₹ 3,000
Loan Tenure	25 Years	30 Years	30 Years
Maximum Loan Amount	₹ 3 Cr	₹ 7 Cr	₹ 5 Cr
Age	23 - 70 Years	18 - 70 Years	24 - 65 Years
Benchmark Rate	PLR	RLLR	PLR
Lowest EMI Per Lakh	₹ 815 per lakh	₹ 645 per lakh	₹ 649 per lakh

Indiabulls home loan processing charges are upto 1.00% of the loan amount from its home loan customers to cover its expenses of conducting credit appraisal and technical evaluation of property. on home loan which is typically non-refundable and has to be paid at the time of loan application. In addition to 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.

Processing Fees	Upto 1.00% of the loan amount;
Foreclosure Charges	Nil for floating rate home loans

Indiabulls home loan balance transfer facility is ideal for existing home loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to Indiabulls at a lower rate of interest, without closing the account. However, you do need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, Indiabulls offers the lowest home loan balance transfer rate of 8.65%.

Maximum Annual Percentage Rate (APR)

8.69% to 8.69%

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: 8.65% to 8.65% Processing Fee payable to: Upto ₹ 1,000 Fee payable to MyLoanCare: NIL Total Monthly Cost – From ₹ 815 for 25 Years ₹ 1,00,000 loan at 8.65% (lowest rate, longest time period) to ₹ 8,729 for 1 Years ₹ 1,00,000 loan at 8.65% (highest rate, shortest time period). This is inclusive of principal repayment. Annual Percentage Rate (APR) of charge including all applicable fees: 8.69% to 8.69% Total cost payable over loan tenure: ₹ 1,05,747 for 1 Years loan to ₹ 2,45,608 for 25 Years loan

✅What is Indiabulls Home Loan Interest Rate?

Indiabulls Home Loan interest rate ranges between 8.65% to 8.65%. The salaried borrowers with high credit score and income are eligible to get lower interest rates.

✅Has Indiabulls reduced home loan rates?

As per the current rates, Indiabulls has cut its home loan rates by 0.6% from 9.25% to 8.65%, which is one of the best rates in the market. The new rates are effective from 01 Apr, 2021.

✅Why should I opt for balance transfer to Indiabulls?

Indiabulls offers lowest Home Loan EMI of ₹ 815 per lakh availed at the lowest interest rate 8.65% for a maximum tenure of 25 years. you are paying an EMI more than ₹ 815 per lakh, you should consider the option for a loan transfer to Indiabulls from your existing bank.

• 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 8.65% with a processing fee of Upto 1.00%.Indiabulls housing loan rate varies across the applicant’s eligibility and the scheme they opt for. Indiabulls offers different home loan rates for different home loan products.

✅Can Indiabulls housing loan interest rate be negotiated?

Yes, if you have a good relationship with the bank and a high credit score, you can negotiate with Indiabulls to lower the home loan rates.

✅What are the interest rates of home improvement loans in Indiabulls?

You can avail of Indiabulls home loans for home improvement at regular home loan rates starting at 6.65%.

✅Can Indiabulls revise the home loan interest rates for their existing customers?

Indiabulls home loan rates change for the existing customers if they have availed home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

✅Does Indiabulls offer a concessional home loan interest rate for women?

Yes, Indiabulls offers special home loan interest rates for women. As against Indiabulls home loan rates for male which is 8.65%, the home loan interest rate for women starts at %.

✅What is the Indiabulls home loan rate of ₹ 25 Lakh for 15 years?

Indiabulls home loan varies as per the loan amount. For home loan upto ₹ 25 Lakh, Indiabulls provides home loan interest rate starting at 6.65%.

✅At what interest rate does an Indiabulls employee get a home loan?

Indiabulls offers concessional home loan rates of about 1% than the current home loan rates to Indiabulls employees.

✅Is Indiabulls home loan a floating rate loan or fixed-rate loan?

Indiabulls home loan is offered at both fixed and floating rate. In the case of the fixed rate, the interest remains the same whereas in the case of the floating rate the home loan rates keep varying according to the market.