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Indiabulls Home Loan

Indiabulls Housing Loan 2021

Last Updated 12th Nov 2021

Indiabulls is the second-largest housing finance company in the country. Indiabulls home loans are convenient and affordable for customers. With Indiabulls, home loan borrowers can apply for the home loan at the convenience of their home as the company provides the facility of e-apply, e-sanction and e-disburse. Further, Indiabulls housing loan is offered at attractive rates of interest that starts from 8.65%. Indiabulls home loans are available at a lower processing fee of Minimum ₹ 7,500 and Maximum ₹ 10,000. In addition to that, the Indiabulls home loan segment covers a variety of tailor-made home loan products for different home loan borrowers. Some of the popular ones are Home loan for the Purchase of Flat, Home loan for the Construction of Flat, Home Extension Loan, Home Renovation Loan and Indiabulls e-home loans. 

  • Home loan for the Purchase of Flat - Indiabulls offer home loan for the purchase of a flat with easier loan terms such as simple documentation, quick processing and flexible repayment terms. Home loan borrowers can purchase both new and resale flats with this facility.
  • Home loan for the Construction of Flat - Indiabulls offers home loans for the construction of a flat for a repayment tenure ranging between 7-15 years. The loan amount granted as per this facility is based on the cost of construction.
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Indiabulls Home Loan Details

Indiabulls offers multiple home loan products to its customers at low rates. Below-mentioned are the details of home loan Indiabulls

Age Min 23 and Max 65 years for Salaried
Min 23 and Max 70 years for Self Employed
Repayment Tenure 25 years
Interest Rate 8.65%
Interest Rate Linked To PLR
Processing Fee Minimum ₹ 7,500 and Maximum ₹ 10,000
Lowest EMI Per Lakh ₹ 815
  • Purpose of Loan: Indiabulls house loan is taken to purchase, construct a home, renovate your existing home.
  • Key Features of Indiabulls Home Loans
    • Loan available for both salaried and self employed. Special rates for women borrowers.
    • Borrowers within the age group of 23 and 65 years.
    • Security: Mortgage of property you are planning to purchase, renovate or construct.
    • Loan to Value Ratio of 90%.
    • Loan Tenure can range from 1 to 25 years.
    • Interest rates in the range of 8.65% to 8.65%.
    • Indiabulls home loan EMI per lakh starts from ₹ 815. However, you can calculate your home loan EMI using Indiabulls home loan calculator 2021.
  • Special schemes: Indiabulls offers customised home loan interest rates and schemes for special category of borrowers including women borrowers, senior citizens, NRIs etc. Some of the special loan offers of Indiabulls are:

Features & Benefits of Indiabulls Home Loans

Some of the features and benefits of Indiabulls Home Loans are listed as follows:-

  • Indiabulls Home Loan Interest Rate starts from 6.70%.
  • Indiabulls charges a processing fees of Minimum ₹ 7,500 and Maximum ₹ 10,000.
  • Loan Tenure of Home Loan ranges from 1 years to 30 years.
  • Lowest EMI per lakh on home Loan from Indiabulls is per lakh offered at the lowest interest rate of 6.70% at the longest loan tenure of 30 years.
  • Indiabulls allows prepayment of home loans with Nil charges on floating rate loans.
  • Indiabulls has an average customer rating of 3.8/5.0 from customers who have taken a home loan from the bank.

Indiabulls Home Loan Processing Fee

Indiabulls Home Loan Schemes Processing Fees
Indiabulls e-home loans Minimum ₹ 7,500 and Maximum ₹ 10,000

How to Get Easy Home Loan from Indiabulls?

Getting a home loan from Indiabulls is fairly easy with an online application process. 5 Steps for Indiabulls Home Loan Apply

  • Step 1: Visit the website, branch, or website of authorised online channel partner of Indiabulls and fill in the application form with loan amount required, property details, your personal details, occupation information and your contact number.
  • Step 2: An official of Indiabulls or online partner will call you to discuss your eligibility of the loan as well as explain the loan rates, terms as well as processing fees and other charges.
  • Step 3: Once you agree to proceed with the loan application, you will need to submit your income and property documents online or a Indiabulls’s representative will visit your home or office to collect your documents.
  • Step 4: Indiabulls will ask you to submit the processing fees and take a few days to conduct a credit appraisal and do technical evaluation of your property.
  • Step 5: If you are eligible and your property qualifies for a loan, you will be issued a sanction letter from Indiabulls and will need to sign a loan agreement with the bank. Post this, the loan will get disbursed to your account.

Indiabulls Home Loan Documents Required

To apply for a home loan in Indiabulls, the bank asks you to submit the following Indiabulls Home Loan Documents .

  • Home loan application form with three attested photographs.
  • Identity proofs: PAN, passport, Voter ID card or driving license.
  • Address or residence proofs: Recent copy of utility bills such as telephone, electricity bill, water bill, gas bill, or a copy of aadhar card, passport, driving license.
  • Property papers: Permission for the construction of a property; allotment letter; stamped agreement for sale; registered agreement for sale (only for Maharashtra); share certificate (only for Maharashtra); maintenance and electricity bill of the property; property tax receipt; conveyance deed in case of new property; payment receipts or Indiabulls account statements of the payments made to the builder or the seller; Xerox copy of the approved plan copy and registered development agreement of the builder.
  • Bank account statements for the last six months of all bank accounts held by the applicant.
  • Loan A/C statement of last one year if any loan is availed previously from any other bank or another lender.
  • Income proof for salaried: Salary certificate or salary slip for the last three months; copies of form 16 of last two years; a copy of IT returns for the last two financial years that is acknowledged by the Income Tax department.
  • Income proof for self-employed: Address proof of business; Income tax returns of last three years; balance sheet and Profit & Loss A/c for last three years; business license details; TDS certificate or Form 16 A.
  • Self-employed professionals like CA or doctors, amongst others, are also required to submit the certificate of qualification.

Indiabulls Home Loan Schemes

Indiabulls offers various customized home loan offers for different types of home loan borrowers. The home loan offers vary across different loan segments such as home loans for NRI, salaried, government employees, defence and army personnel, pre-approved home loans for existing customers, home loans for construction and upgradation of home, amongst others. Some of the popular Indiabulls home loan products and their specifications are listed as follows:

Indiabulls e-home loans

  • 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.

Indiabulls Home Loan EMI Calculator

Indiabulls home loan EMI calculator helps the home loan borrowers plan their home loan EMIs, that is composed of the monthly interest rate, and monthly reducing balance. The calculator functions on the basic components of the principal amount, loan tenure and interest rate. Indiabulls Home loan calculator helps the loan borrower pre-plan their home loan in advance.

Indiabulls Home Loan Eligibility Calculator

Indiabulls Home loan eligibility calculator is an online tool that helps the Indiabulls home loan borrowers estimate their home loan eligibility. The eligibility calculator considers various factors such as the income of the applicant, age, work experience, employment and credit score. Therefore, the eligibility helps one analyse their ability and affordability of a home loan. You can also add a co-applicant in case your loan eligibility is lower than the amount.

Compare Indiabulls Home Loan with Other Banks


What are the documents required for home loan Indiabulls?

To apply for Indiabulls Home Loan, you will be required to submit Indiabulls home loan documents such as home application form with attested photographs along with various other documents such as identity proof, bank statements, residence proof, property papers and loan account statements if any.

Why should I take a home loan from Indiabulls ?

Below-mentioned is the reason why you must avail a home loan from Indiabulls

  • Instant approval with e-home loan
  • Low processing fee
  • Option to get pre-sanction on loan
  • Special rates for women borrowers
  • Flexible repayment options

Can I apply for an Indiabulls home loan online?

Yes, you can apply for a Indiabulls home loan online by visiting the bank’s official online portal for home loans or at an online marketplace like MyLoanCare.

Which is the best Indiabulls home loan scheme?

Choosing the best Indiabulls home loan scheme is subjective to the requirement of the home loan applicant. For instance, there are different home loan offers for the purchase, construction or renovation of a home. Thereby, choosing the best Indiabulls home loan scheme is based on one’s needs.

Is Indiabulls good for a home loan?

Indiabulls is one of the best home loan lenders in the country. Currently, Indiabulls home loan interest rate 2021 starts at 6.50%.

How many types of Indiabulls home loans are there?

Indiabulls offers various home loan products for the convenience of the home loan borrowers. Various popular home loan products offered by Indiabulls are listed as follows: Indiabulls e-home loans

How can I check my Indiabulls home loan status?

One can check their Indiabulls home loan status on Indiabulls’s home loan portal under the option. ‘Application tracker’. Apart, home loan status can also be checked on the Indiabulls mobile app

What is the eligibility for a Home Loan of Indiabulls?

The eligibility to avail a Home Loan is set across the applicant’s age and income. The age of the applicant should range between 18-70 years. Further the minimum income of the applicant should be ₹ 25,000 along with a good credit score of 650 and above.

What is Indiabulls Home Loan procedure?

There are two methods to complete the application for Indiabulls Home Loan Process online:

  • Apply online at Indiabulls official website or online portal for home loans.
  • Online Marketplace like MyLoanCare

However, Availing a loan through an online marketplace improves your the chances of getting the best loan rates, low processing fees and special offers in the form of cash backs.

What is the maximum loan tenure I can opt under Indiabulls house loan?

Indiabulls offers you a longer tenure of 25 years to repay your loan with the benefit of paying less EMI per month.

Does Indiabulls check CIBIL for home loan?

Yes, to avail home loan from Indiabulls, you must fulfill Indiabulls Home Loan CIBIL requirement of a min CIBIL Score of 650 or above.

Can I transfer my house loan from another bank to Indiabulls?

Yes, Bank gives you the facility to transfer your existing loan with a hassle-free process. Availing loan transfer to Indiabulls can allow you to save interest, 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 Home Loan eligibility if the spouse is co-owner of the property or guarantor of the loan.

What is the benchmark applicable for a housing loan?

The benchmark applicable for Home Loan in Indiabulls is PLR . PLR is an external benchmark wherein commercial banks use the RBI’s repo rate to calculate the retail loan interest rate. In PLR, the reset period is 3 months which implies that banks would revise your interest rate of RLLR-linked loans every 3 months.

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Indiabulls Home Loan News - Dec 2021
  • 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.
  • 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.
*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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