IndiaBulls Home Loan

Indiabulls Home Loan Schemes

Indiabulls offers several types of housing loans to suit to your need. Here are the different types of Indiabulls home loans:

Indiabulls Home Loans

Key Highlights:

1. End to end online housing loan processing - first in India.
2. Nil prepayment charges.
3. 10,000+ pre-approved projects to choose from.
4. Online housing loans - processed through app and web.
5. Flexible loan tenure.
6. More than 4 lakh properties to choose from IB Home Finder.
7. Multiple repayment options.

Indiabulls Home Loan Balance Transfer

Key Highlights:

1. No prepayment charges.
2. Maximum loan to value ratio.
3. Multiple repayment options.
4. Choice of flexible loan tenures.

Indiabulls Loan Against Property

Key Highlights:

1. Maximum finance against the market value of your property.
2. At best mortgage loan rate of interest.
3. Doorstep service.
4. Flexible tenure and repayment options.
5. Easy documentation.
6. Attractive interest rate.

Indiabulls Home Extension Loan

Key Highlights:

1. For the purpose of extending your existing house.
2. Attractive interest rate.
3. End to end online loan process.
4. Nil prepayment charges.
5. Flexible loan tenure and multiple repayment options.
6. Simple documentation process
7. Available to new and existing customers.

Indiabulls Rural Home Loan

Key Highlights:

1. Housing loan designed for rural and semi-urban residents.
2. Attractive rate of interest.
3. Simple documentation process.
4. Flexible tenure and repayment options.

Indiabulls Home Loan EMI Calculator

Calculate the Equated Monthly Instalment (EMI) payable towards your housing loan using the Indiabulls Home Loan EMI calculator. The EMI per lakh is Rs.787.*Here the loan amount is Rs.1 lakh for a tenure of 30 years with interest rate charged at 8.75% p.a.Enter the required fields with required details such as loan amount, loan tenure, rate of interest and the processing fee on the Home Loan EMI Calculator and click ‘Calculate’. You’ll be redirected to a new page which offers the breakup of the total amount payable to the bank and the total interest payable along with the EMI payable during the tenure of the home loan.

Indiabulls Home Loan Eligibility Criteria

Documents Required for All Home Loan Applications Under Indiabulls

Below are the documents required to apply for an Indiabulls housing loan:

Mandatory for all Applicants:

1. Duly signed application form.
2. Passport size photograph.
3. Proof of identity - PAN card/ Aadhar card/Passport/Driving License/Voter ID.
4. Proof of address - Registered rental agreement/Electricity bill (valid only up to 3 months)/Passport.
5. Processing fee cheque.
6. Property documents:
   1. Sale deed, Katha, Transfer of Ownership.
   2. No Objection Certificate (NOC) from the builder/housing society (original copy).
   3. Lad tax paid receipt.
   4. Possession Certificate.

For Salaried:

1. Form 16 of last 2 years or Form 26 or IT returns for 2 years.
2. Salary Certificate of 1 year with authorised company stamp.
3. Bank statement for last 6 months.
4. Offer letter.
5. Salary slip of last 3 months.

For Self-Employed Professional

1. 2 years IT Returns with computation.
2. Balance sheet of 2 years.
3. Profit and loss statement for last 2 years.
4. Bank statement of 6 months.
5. Qualification proof.
6. Gumasta license.

For Self-Employed Non-Professional

1. 2 years IT Returns with computation.
2. Balance sheet for the last 2 years.
3. Profit and loss statement for the last 2 years.
4. Bank statement of last 6 months.
5. Qualification proof.
6. Gumasta license.

For BSF Customer:

1. Application form attested along with Service Certificate.
2. Form 16 of last 2 years.
3. Salary slips for the last 3 months.
4. Confirmation Certificate/Service Certificate.

For NRI/Merchant Navy:

1. Registered Rental Agreement with utility bill (not less than 3 months).
2. Salary slip of last 6 months.
3. CDC (Continuous Discharge Certificate).
4. Passport.
5. Last 3 years contract copy.
6. 1-year bank statement for NRE/NRO account.
7. Form 16 for 2 years with computation.

Other Related Documents:

1. Sanction Letter/Account Statement of existing loans and banks statements reflecting the loan repayments.
2. Form 16 in case of recent employment.
3. If property identified and chosen, then photocopy of property title documents.
4. Bank statement reflecting the payment made to the builder (own contribution).

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