Indiabulls Home Loan

Last Updated : Dec. 9, 2020, 12:02 p.m.

Ramesh is tired of paying rent and wants to buy a house now. He is confused where to apply since this is his first loan ever. His friend suggested him to compare home loan rates at top banks in April 2024 . After comparison, he has selected Indiabulls as his home loan lender. To know what made him take this action, read this page:

• Loan amount
• Approval time
• Interest rates
• Eligibility criteria
• Processing fees
• Other benefits of Indiabulls home loan

Indiabulls Home Loan Interest Rate April 2024

Below is the table showing the rate of interest, processing fees and maximum loan amount available on the home loan offered by Indiabulls. You may also note that 18% GST is additionally applicable over the processing fee.

How can you apply for home loans at Wishfin?

Wishfin is an online portal where you can compare home loans of top lenders. The expert advice will not only help you get the best possible rate as per your eligibility but will also make sure that you get instant loan approval.

What are the documents required to apply for Indiabulls Home Loans?

To apply for a home loan at Indiabulls, all applicants are required to submit some important documents. Here is the list of such documents.

• Duly Filled & Signed Application Form
• Processing Fee Cheque
• Age Proof – PAN Card/Passport/Voter ID/Driving License/Aadhaar Card
• Address Proof – Passport/Voter ID/Driving License/Aadhaar Card/Electricity Bill/Telephone Bill
• Signature proof – PAN Card/Passport/Driving License
• Identity proof – PAN Card/Passport/Voter ID/Driving License/Aadhaar Card
• Income documents
  • If salaried: Salary slips, Form 16 and bank statement
  • If self-employed: ITRs with financial statements, Bank statement
• Property Documents

How can you check the status of your loan?

You can track the status of your home loan using the online customer home loan portal or by contacting the home loan department. However, if you apply through Wishfin, the team makes sure you get the right solution.

Indiabulls Home Loan Application

The housing finance firm will set a valuation amount of the property based on the technical & legal report. You can then get a home loan of upto 75%-90% of the property value as decided by Indiabulls.

How can you calculate your EMI?

With the help of the loan calculator, you can check the details of the total payments on your home loan. Here is an example for your reference. The following table specifies the EMI, interest and the total amount (EMI+Interest) payable each year on your home loan.

Key features of Indiabulls home loan

• Competitive interest rates
• Home loan under PMAY
• Easy and simple documentation process
• Quick approval and disbursal of the loan amount
• Easy monthly repayment & pre-payment facility
• Balance transfer with reduced rate of interest and lower EMIs
• Pre-approved home loan facility available
• Loan available for under-construction properties as well
• Safe document storage
• No pre-payment and foreclosure charges on loan
• Approval for home loan even before the selection of the property
• Interest paid on borrowed amount for the purchase, construction, repair, renewal or reconstruction of the house property