Choosing the home loan partner is as important as buying your own home. You can always choose to transfer your existing home loan from private & foreign banks, scheduled commercial banks (SCBs), housing finance companies (HFCs) registered with national housing bank (NHB) to Indiabulls Home Loans. As a home loan partner, we pride ourselves at not only providing convenient and comfortable home loan options, but also ensuring the kind of service which fosters a stronger bond between us and our customers.
You can choose to transfer your existing home loan balance to avail lower interest rates, save more with lower EMI’s or even top-up on your home loan amount. You can also avail balance Transfer on Loan Against Property.
You can apply for a balance transfer to Indiabulls Home Loans either individually or jointly. All owners of the property will have to apply as co-applicants to the loan. However, all co-applicants to the loan might not be co-owners of the property.
The loan term is determined based on various factors, including the customer’s profile, the customer’s age, and the property’s age at the time of loan maturity etc. The maximum loan term can be of 30 years.
These are the documents that are required to apply for a Home Loan Balance Transfer -
The income tax authorities offer certain benefits and exemptions to individuals who have taken a housing loan from specified financial institutions.
The home loan interest rates from Indiabulls Home Loans are fixed keeping our customers’ needs in mind.
|Loan Amount||Variable Rates%|
|Upto Rs. 30 Lacs||8.40%* to 9.25%|
|More than Rs.30 Lacs and upto Rs.75 Lacs||8.55%* to 9.25%|
|More than Rs 75 Lacs and upto Rs 150 lacs||8.65%* to 9.75%|
|More than Rs 150 Lacs and upto Rs 300 lacs||8.70%* to 9.75%|
|More than Rs 300 Lacs and upto Rs 500 lacs||8.80%* to 10.25%|
|More than Rs 500 Lacs||9.70%* to 10.50%|
|* ROI to be 0.05% higher if property is not owned/co-owned by women borrower/co-borrower. (Salaried and SEP/SENP- NI Only)|
|Loan Amount||Fixed Rate Tenure||Rates%|
|Upto and including Rs 75 lacs||Upto 2 Years||8.95% to 10.00%|
|More than Rs 75 lacs and upto Rs 300 lacs||9.00% to 10.75%|
|More than Rs 300 lacs||9.10% to 11.50%|
After the completion of Fixed Rate Tenure, the rate of interest applicable on loan will be the prevailing Variable Rate Of Interest basis the Margin adjusted to Reference Rates at the time of loan agreement execution.