Indiabulls Home Loan Interest Rates

Indiabulls Housing Finance (IBHF) offers various housing finance to cater to versatile client requirements. Indiabulls home loan interest rates start from 9.3% per annum, while its maximum loan tenure goes up to 30 years. It also provides a balance transfer facility to existing borrowers of Housing Finance Companies and other banks. A rural home loan scheme in Indiabulls allows rural and semi-urban residents to borrow home loans from IBHF.

It offers a range of home loan products, including Home Purchase Loans, Home Improvement Loans, Home Extension Loans, Land Purchase Loans, Land Development Loans, and other mortgage loan products. It also provides services such as loan processing and loan repayment assistance. Indiabulls is one of India’s few lenders offering a wide range of home loan products. Additionally, the company has a team of experienced professionals who can provide customers with personalised advice and assistance.

Indiabulls Home Loan Interest Rates 2024

The offered Indiabulls Home Loan interest rate depends on the borrower’s profile, loan amount and loan tenure. The current interest rate offered by Indiabulls Housing Finance Ltd. starts from 9.3% per annum onwards. The exact rate of interest you will be offered will depend on the factors such as credibility, annual income, financial history, etc.

Indiabulls Home Loan Highlights

Here are the key highlights of Indiabulls Home Loan:

• Home Loan up to ₹5 Crore: Indiabulls offers home loans up to ₹5 Crore with flexible repayment tenure. 
• Low-Interest Rate: Indiabulls Home Loan Interest rates start from 9.3% p.a. onwards. 
• Minimal Documentation: The documentation process is hassle-free and minimal.
• Flexible Repayment Options: Flexible repayment options of up to 30 years. 
• Doorstep Service: Complete assistance for doorstep services for all your Home loan-related needs. 
• Fast Processing: Home Loan processing within 48 hours for existing customers. 
• Balance Transfer: A balance transfer facility available for lower interest rates. 
• Maximum Loan to Value (LTV): Maximum Loan to Value of up to 90% of the property value.

Indiabulls Home Interest Rates on Loan Schemes

Indiabulls offers four types of home loans. These include the following:

Indiabulls Home Loans	This loan type is offered to those seeking funds to purchase, renovate or extend a residential property. These loans are offered at interest rates starting from 9.3%. The loan amount offered in this type of loan is up to 90% of the value of the property. The tenure for these loans is up to 30 years.
Indiabulls Rural Home Loans	This type of loan is offered to all rural and semi-urban residents of India. These loans are offered at interest rates starting from 9.3%. The loan amount offered in this type of loan is decided per credit assessment. The tenure for these loans is up to 30 years.
Indiabulls Home Loans for NRIs	This loan type is offered to those who might be staying outside India but wish to buy a property there. The interest rates for these loans are decided as per credit assessment. The loan amount offered in this type of loan is determined per credit assessment. The tenure for these loans is up to 30 years.
Indiabulls Home Loan Balance Transfer	This loan type is offered to those who wish to transfer their existing home loan account to IBHFL for a lower interest rate or better terms to reduce their loan repayment. The interest rates for these loans range between 8.80% to 12% per annum. The loan amount offered in this type of loan is decided per credit assessment. The tenure for these loans is up to 30 years.

Indiabulls Home Loan Interest for Salaried and Self-Employed

Indiabulls offers home loans for salaried and self-employed individuals:

Salaried Individuals

For salaried individuals, Indiabulls offers attractive interest rates starting from 9.3% onwards, flexible repayment options and quick processing. The loan amount is calculated based on the salary structure of the applicant. The loan amount can range from Rs.2 Lakhs to Rs.5 Crore. 

Self-Employed Individuals

Indiabulls offers competitive interest rates starting from 9.3% onwards, flexible repayment options and quick processing for self-employed individuals.

Indiabulls Home Loan Interest for Govt Employee

Indiabulls offers special benefits to government employees. These include the following:

• Easy Loan Approvals: Indiabulls offers quick and easy loan approvals to government employees. The process is simple and hassle-free.
• Low-Interest Rates: Indiabulls offers government employees one of the lowest interest rates in the industry, starting from 9.3% per annum. It helps them save on the interest they need to pay back.
• Tax Benefits: Government employees can avail of special tax benefits offered by Indiabulls. It helps them save more money on their loan repayments.
• Flexible Repayment Terms: Government employees can choose from a range of flexible repayment terms offered by Indiabulls. It allows them to plan their finances better and make repayment easier.
• EMI Calculators: Indiabulls home loan interest rate calculator helps government employees calculate the amount of EMI they must pay monthly. It helps them plan their finances better.

Indiabulls Home Loan Interest Rate For Women

Indiabulls Home Loan interest rates for women begin from 9.3% onwards. These loan products are available only for salaried individuals and self-employed individuals.

Indiabulls Home Loan Interest Rate For NRI

Indiabulls provides NRI home loans at reasonable prices, terms, and conditions. It is already quite popular in India due to its setup in Dubai. The loan has low-interest rates, quick paperwork, flexible repayment options, and virtual guidance. Getting a housing loan for NRIs is now easy. However, the offered interest rate is available only at the bank’s discretion based on the applicant’s profile.

Indiabulls Home Loan Interest Rate and Other Charges

Particulars	Charges
Processing Fees	Rs. 10,000 for a loan amount that goes up to Rs. 30 Lakh. 0.50% for a loan amount between Rs. 30 Lakh and Rs. 300 Lakh. 0.50 – 1.00% for a loan amount of more than Rs. 300 Lakh.
Prepayment Charges	NIL – for floating rates. 2% of the amount prepaid – for loan prepayment from other than own sources during the loan’s Fixed Interest Rate period.
Late Payment Charges	24% of outstanding EMI per annum
PDC / ECS Dishonour Charges	Rs. 500 (for home loans) NIL (on the representation of ECS / PDC
PDC / ECS Swapping Charges	NIL
Registration Charges for Borrowers’ ECS Mandate	NIL
Charges for the Account/Amortisation Schedule Statement	Rs. 200
Income Tax Certificate in Home Loans	NIL
Database Admin Fee	Rs. 650
Charges for Certified Copies of Title Deeds from SRO	As Per Actual

How to Calculate Indiabulls Home Loan Interest?

To calculate home loan interest, the applicant can either rely on Indiabulls home loan interest rate calculator or can use the given formula:

EMI = [P x r x (1+r)^n]/[(1+r)^n-1],

Where,

• P represents the Principal amount. 
• r is the rate of interest on the loan. 
• n denotes the repayment tenure.

Balance Transfer Indiabulls Home Loan

A balance transfer loan is for those who wish to transfer their existing home loan account to Indiabulls for lower interest rates. The key highlights of Indiabulls Balance Transfer Home Loan Balance include:

• Interest Rate starts from 9.30% per annum.
• The loan amount is as per the credit assessment.
• The maximum home loan repayment tenure is up to 30 years.
• Maximum loan-to-value ratio.
• Flexible options for loan tenures.

Why are Indiabulls Home Loan Interest Rates the Best for Customers?

Indiabulls Home Loan interest rates are some of the most competitive in the industry. They offer a range of products, from traditional fixed-rate loans to adjustable-rate mortgages, and customers can choose the loan product that best suits their needs. Indiabulls also offers competitive processing fees and flexible repayment options, making it a great choice for customers looking for the best home loan interest rates.

Indiabulls Home Loan Interest Rates for Existing Customers

The Indiabulls Home Loan Interest rates are competitive and provide existing customers with various benefits, such as competitive interest rates, flexible repayment options, low processing fees and quick disbursal. Existing customers can also avail of discounts on loan charges, such as zero processing fees, zero prepayment charges, and no foreclosure charges. Customers can also enjoy the convenience of doorstep services and online loan application facilities.

Factors that affect Indiabulls Home Loan Interest Rate

The following factors impact the Indiabulls Home Loan Interest rate and EMI amount:

• The applicant’s CIBIL score is considered while computing the interest rate and EMI amount, as the bank wants to evaluate the applicant’s creditworthiness.
• The tenure of repayment also impacts the EMI amount on the home loan. A longer tenure will spread the repayment amount and make the repayment more manageable.
• The scheme under which one has applied for a home loan also plays a role. Indiabulls provides special discounted interest rates and fast processing for government employees. Additionally, the bank can offer special concessions to women borrowers on interest rates.
• Indiabulls also offers home loan top-up loans to existing home loan borrowers, wherein the interest rate applicable is lower than a new home loan.