Indiabulls Home Loan Interest Rate Calculator - Mar 2017

Indiabulls Home Loan Interest Rates

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Last Updated 01st Mar 2017
8th Feb 2017 – RBI keeps repo rate and other policy interest rates unchanged
Interest Rate 8.65% - 8.85%
Check Special Offer
Lowest EMI Rs. 780 per lakh
Max Tenure 30 years
Processing Fee Upto 0.50%
Prepayment, Foreclosure Charges Allowed with nil charges for floating rate loans
Age Min 21 and Max 65 years for Salaried
Min 21 and Max 65 years for Self Employed
Apply Home Loan Online @8.50%*
 Salaried   Self Employed - Professional   Self Employed - Business 

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Indiabulls Home Loan

Indiabulls offers home loan to the people who want money to purchase a house, home renovation and home extension etc. The house itself acts as a security to the loan.

Home Loan Indiabulls

Home loan interest rates offered by Indiabulls depends upon PLR.
  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in PLR rate and should be chosen only if you believe that the rates will not hike in future.
  • Floating rates changes with a single change in PLR rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates.
Indiabulls offers home loan based on PLR rates which is currently 17.05%.
Indiabulls home loan interest rate depends upon
  • Loan amount: Home loan rate in Indiabulls depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • Company where you work: Indiabulls has a list of companies to which they lend Home loan. Interest rate will be less if your company is listed
  • Your Salary: Income helps you in identifying your rate of interest. Indiabulls interest rate varies with your monthly income. Higher the income, less will the rate of interest

Home Loan Charges

  • 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 home loan with Nil prepayment charges
  • Processing Fee - Indiabulls asks for a processing fee of 0.50% of loan amount with applicable service tax

Indiabulls Home Loan EMI Calculator

    Home Loan EMI of Indiabulls is a fixed amount that you pay each month towards the repayment of your home loan till the end of tenure
  • Home Loan EMI calculator of Indiabulls helps you to calculate your monthly EMI at different rate of interest and also check 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 interest rate, higher will be the EMI
  • Loan tenure matters equally as higher tenure reduces your EMI
What are the benefits of calculating Indiabulls Home Loan EMI?
  • EMI calculator of Indiabulls 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

Indiabulls Home Loan Eligibility Calculator

Home Loan eligibility criteria Indiabulls
Eligibility of House loan in Indiabulls relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
  • Age: Age plays an important role to know your eligibility and repayment capacity. Indiabulls offers Home loan to salaried at the age of 21 to 65 years and self employed individuals at 21 to 65 years
  • Income: In case of salaried person, Indiabulls 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 from Indiabulls. In case you are salaried, you must be in a full time job for at least 2 months. In case you are self-employed, you must be in current profession or business for at least 2 years and should preferably own either your office or your place of residence. Minimum turnover and minimum net income criteria may apply. 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 Indiabulls eligibility. If you are working with a reputed company, probability of getting home 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 Home 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 Home loan eligibility
  • Loan Amount: Indiabulls gives you Home loan depending upon your income. Indiabulls gives you an amount ranging from Rs. 1,500,000 to Rs. 100,000,000. To improve chances of approval, apply for a loan amount that you can comfortably service
  • Estimated eligibility online by using Eligibility Calculator.

    Indiabulls Floating Rate Home Loans

    Indiabulls Home Loan Floating
    Upto Rs. 2,500,000 - 8.70%
    Rs. 2,500,001 - 7,500,000 - 8.70%
    Rs. 7,500,001 - 30,000,000 - 8.75%
    Above Rs. 30,000,000 - 8.85% linked to PLR
    special offer for female borrower
    Upto Rs. 2,500,000 - 8.65%
    Above Rs. 2,500,001 - 7,500,000 - 8.65%
    Above Rs. 7,500,001 - 30,000,000 - 8.70%
    Above Rs. 30,000,000 - 8.80% linked to PLR

    Indiabulls Fixed Rate Home Loans

    Indiabulls Home Loan Fixed
    Upto Rs. 2,500,000 - 9.75%
    Rs. 2,500,001 - 7,500,000 - 9.75%
    Rs. 7,500,001 - 30,000,000 - 9.75%
    Above Rs. 30,000,000 - 10.50% linked to PLR

    Indiabulls Home Loan Top up, Transfer

    Transfer of Home Loan from another bank to Indiabulls?
    Indiabulls offers home loan balance transfer from another bank. This is subject to your meeting other eligibility criteria of Indiabulls
    You can avail additional top-up home loan from Indiabulls, subject to your eligibility

    Housing Loan Indiabulls documents required

    Home Loan for Salaried employee Indiabulls documents required

    • 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

    Home Loan for Self-Employed Indiabulls documents required

    • Filled up loan application form
    • 2 Passport Size Photo
    • Identity Proof - Passport/ Driving License/ Voter ID/ PAN
    • ITR of last 2 years
    • 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

    Why to take home loan from Indiabulls?
    Indiabulls offers home loan at lower rate of interest i.e. at 8.65% with the lowest EMI of Rs. 780 per lakh. If you are paying EMI more than this then you can opt for balance transfer and relocate your home loan to Indiabulls.
    What is the maximum loan tenure I can opt under Indiabulls house loan?
    Indiabulls offers you a longer tenure of 30 years to repay your home loan with a benefit of paying less EMI per month.
    Do I get tax benefit on home loan from Indiabulls?
    As per Indian Income Tax Act of 1961, residents of India are eligible for tax benefits on principal amount and interest components of a home loan under the section 24 and section 80C of Income Tax Act.
    Can I foreclosure my home loan? What are the charges applicable?
    Yes, you can foreclose your home loan with Nil charges.
    Can I transfer my home loan from another bank to Indiabulls?
    Yes, Indiabulls gives you the facility to transfer your existing home loan with a hassle free process. Home loan balance transfer to Indiabulls offers you to pay lower EMIs and save money.
    Can I club the income of my spouse with mine and apply for joint home loan?
    You can club the income of your spouse to increase your loan eligibility if the spouse is co-owner of the property or guarantor of the loan.
    What is the benchmark applicable for home loan in Indiabulls?
    The benchmark applicable for home loan in Indiabulls is PLR.
    What is the effect of part payments on Indiabulls housing loan EMI ?
    Part payments 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 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 loan.
    How will interest rate on Indiabulls housing loan change in future?
    • Floating interest rate on Indiabulls housing loan is linked to its PLR Rate, which is currently at 17.05%. So, when Indiabulls offers a home loan at 8.65%, it applies a discount of 8.4% to its PLR Rate to arrive at this home loan interest rate.
    • When RBI increases interest 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.

    Indiabulls Home Loan in India

    Indiabulls Home Loan Customer Care Number, Email, Application Status, Branches

    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
Indiabulls Home Loan Interest Rate News - Mar 2017
23rd Jan 17 Indiabulls Housing Finance reduces home loan interest rate for existing borrowers
Indiabulls Housing Finance has reduced its home loan interest rate for existing home loan borrowers by 15 basis points. The revised floating rate of interest for home loan now ranges between 8.90 to 10.50 percent for different borrowers. The new rates will be effective from February, 2017.
04th Jan 17 Indiabulls Housing Finance cuts home loan rates to 8.65 percent
Indiabulls Housing Finance has reduced its home loan rates by 45 basis points. The revised home loan rates for female borrowers for loan amount up to Rs. 75 lakhs now stands at 8.65 percent. Similarly, home loan rate for other borrowers is reduced to 8.70 percent as compared to 9.10 percent earlier. The new rates are effective from 3rd January, 2017.
28th Dec 16 Home loan seekers to cheer in New Year as mortgage firms likely to cut lending rates
Mortgage firms are likely to cut home loan rates by 25 to 50 bps to revive growth in their home loan business. Demonetisation has helped the mortgage firms such as HDFC, Indiabulls Housing Finance in raising cheap funds from the market via bonds and commercial paper. Lower cost of funds is expected to allow HFCs to cut their lending rates and hence, bring cheer for new home loan borrowers.
05th Nov 16 Indiabulls home loan at 9.15 percent
Indiabulls Housing Finance has reduced its home loan rates to 9.15 percent for loan amount upto Rs. 75 lakhs. The new rates will be effective from 4th November, 2016. With this, Indiabulls Housing Finance home loan are now available at same rate as SBI home loan and ICICI Bank home loan.
25th Jul 16 Indiabulls Housing Finance Q1 net profit at Rs.630 crore
The company has posted a PAT of Rs.630 crore for the quarter ended June 30, 2016 , which is 23.21 % higher compared to first quarter previous year .Whereas the total income has increased to Rs.2597.4 Crore i.e. 28.3 % compared to first quarter previous year . The Board of Directors of the Company has declared an Interim Dividend of Rs.9/- per equity share (on the face value of Rs.2 per share) for the financial year 2016-2017.
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