Indiabulls Home Loan Interest Rates & Eligibility
Rs. 20 Lakh-1 Crore
9.60% - 12.0%
Overview
Indiabulls Housing Finance Ltd (IBHFL) was created in May 2000. It is an HFC which is regulated by National Housing Bank.
It is one of the leading home loan providers in India and has a loan book of over Rs 41,169 Crore . It has till date cumulatively disbursed loans of over Rs 86,300 Crore.
INDIABULLS HFL essentially has only one home loan that lets you borrow money for plot purchase or home purchase or renovation or extension purposes
Rate trends of Indiabulls finance:
| Loan Slab | Floating Rates |
| Upto 3 crore | 9.60 to 11.25 |
| Above 3 crore | 10.25 to 11.75 |
| Loan Slab | Fixed rate (For 10 years) |
| Upto 75 lakhs | 10.05 to 11 |
| 75 to 1.5 crore | 10.20 to 11.20 |
| Above 1.5 crore | 10.50 to 12 |
Interest rates vary from time to time.
Advantages of borrowing from Indiabulls finance:
- Private sector HFCs like indiabulls process documents faster that public sector corporations.
- indiabulls is also a builder who have a large number of properties. since it is their construction, you can avail an indiabulls home loan fastre than any other institute.
- they also claim of the following advantages:
- Approval may be given even before the property is selected on the basis of credibility.
- Online access to Loan account
- Loan facility for houses under construction can also be availed.
Eligibility
- Proposed owners of the property will have to be co-applicants. However, the co-applicants need not be co-owners.
- Other needs for eligibility will be decided by INDIABULLS HFL and may change as per case.
Processing Fees
Upto Rs 28 lacs |
Rs 7500 |
Rs 28.01 lacs to Over Rs 50 lacs |
Upto 0.50% |
Over Rs 50 lacs |
0.50% to 1.00% |
Document Required
- Duly signed application form
- Processing Fee Cheque.
- Identity proof
- Address proof
- Signature proof
- Identity proof
- Income documents
- For salaried: Salary slips, Form 16 and bank statement
- For self-employed: ITRs with financial statements, Bank statement
- Property Documents
Please note this is an indicative list and the bank may require more documents as per case.
Note: All documents listed above are only indicative of the general list of documents requested by the bank, these may vary depending on your location and financial history. Do check with your bank while applying for the loan.
Link: http://www.indiabullshomeloans.com/housing-finance/home-loans/index.php
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