About Indiabulls Home Loan

Indiabulls is an Indian conglomerate headquartered in Gurugram, Haryana. The group has presence in multiple sectors including housing finance, real estate, securities and infrastructure. It was founded in the year 1999 by Sameer Gehlaut and has three main listed companies in the group, namely Indiabulls Ventures Ltd (IBVL), Indiabulls Real Estate Ltd (IBREL) and Indiabulls Housing Finance Ltd (IBHFL).

Indiabulls Housing Finance Ltd (IBHFL) is the second largest housing finance company in India and holds the highest long-term credit rating ‘AAA’ from each one of the four leading Indian rating agencies. The company is well known for providing competitively priced, convenient and quick home loans to borrowers interested in affordable housing. They have serviced over 1 million customers and have disbursed more than ₹ 1.97 trillion in home loans as of the last financial year. IBHFL is manned by an able workforce of more than 8111 employees. Below provided are more details on the Indiabulls home loan eligibility criteria, features and charges.

Home Loan Eligibility Criteria for Salaried / Self-Employed

Indiabulls home loan can be applied for by anyone who is earning a regular monthly income through salary or self-employment. The person must be minimum 21 years old at the beginning of the loan period and maximum 65 years old at its end. You can even make any of your blood relatives (immediate family members) or spouse a co-applicant in the home loan application to improve your eligibility. All applicants need to furnish relevant documents such as form 16, bank statement, salary certificate, IT returns, profit and loss statement, balance sheet, qualification proof etc., to prove their creditworthiness and eligibility for the requested loan amount. More and specific details related to Indiabulls home loan eligibility criteria are provided below.

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

6 – 10 yearsk

Overall Employment

6 – 10 years

Tenure Current Employment

750 Points

CIBIL Score (=>)

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

4k – 65k

Minimum Income
(Doctors/ CA)

5 – 10 Years

Post Qualification experience a
(Doctors / CA)

5 – 10 Years

Post Qualification experience a
(CS / Architect)

750 Points

CIBIL Score (=>)

Indiabulls Home Loan Features / Details

Indiabulls believes in transparency and ensures that there are no hidden charges in the home loan product. The home loans are processed quickly, without any unwanted delay, making sure timely disbursal and fulfilment of the home dream. Indiabulls home loan comes at extremely feasible interest rates and concessional rates are offered to female applicants. Other than that, interest subvention is provided to eligible borrowers as per the Prime Minister Awaas Yojana (PMAY) guidelines under the affordable segment. The repayment tenure is flexible (up to 30 years and not beyond 65 years or the retirement age) depending upon the needs and comfort of the borrowers. You can even transfer an already running home loan to Indiabulls at an attractive interest rate. Specific details related to Indiabulls home loan features such as the repayment mode, repayment tenure, interest rate, quantum of the loan etc. can be found below.

8.40%

Interest Rate (Min)

5 – 30 Years.

Loan Tenure

25k – 50Lacs

Loan Amount (Min – Max)

Indiabulls Home Loan Fees / Charges

As is the case with majority of home loan products, Indiabulls home loan also involves certain fees or charges. There is a processing fees of up to ₹ 10,000 charged on home loans of up to ₹ 30 lakh. Thereafter 0.5% processing fee is charged on the amount from ₹ 30 lakh to ₹ 300 lakh. Any amount over ₹ 300 lakh involves a processing fees of 0.5% to 1%. Apart from that several other charges might apply such as late payment fee, transaction handling charges, ECS/PDC dishonour charges, property document retrieval charges etc. The details of all such charges have been provided below.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

2000

Part Payment Processing Fees