Our simple & hassle-free process, quick home loan approvals, and attractive interest rates will make your housing loans experience a great one. We offer our help with property selection, checking approvals of the properties, filing the documents, and calculating the perfect EMI and tenure for you. We are with you in every step of the way to ensure you have the best possible home buying experience.
Indiabulls home loans are tailored to suit the needs of the customer. The application process for the loan is simple. The home loans provide maximum benefit to the applicant with best interest rates. There are also concessional interest rates for women beneficiaries. The loan approval process is speedy and there are no hidden charges. The housing loan is eligible for tax benefits. The repayment options are flexible.
The home loan interest rates from Indiabulls Home Loans are fixed keeping our customers’ needs in mind.
8.80% to 12.00%
# The final rate of Interest will depend upon Profile , Loan amount , tenor and property type.
One Click Home Loan Eligibility
By filling in few of your details, you can check your home loan eligibility with a single click.
Attractive Interest Rates
The home loan interest rates by Indiabulls Home Loans are extremely feasible. We also provide concessional rates of interest to women beneficiaries. Furthermore, we give facilitates getting of interest subvention to eligible borrowers as per PMAY guidelines under affordable segment
No Hidden Charges
We believe in transparency. Hence, to ensure a great home loan experience for our customers, there will never be any hidden charges.
With our quick housing loan approvals, you will not face any unnecessary delay that hinders you from getting your home loan.
Say goodbye to tedious paperwork. We are there for you in every step of the way, and that includes helping you file all your paperwork.
With Indiabulls Home Loans, you can relax about repayment by exploring our flexible repayment options.
We also provide tenure according to your needs and requirements. So, you can explore options of long and short tenure with Indiabulls Home Loans.
Loan Repayment Options
|EMI||Prepayment||Flexible Loan Investment Plan (FLIP)|
• EMI Holiday- payment of EMIs after a 3-month delay
• Increased EMI- Option to increase your EMI rate from the original one in case of income surge
|• Save on the overall interest amount for your home loan||• Choose this option when the income sees a dip if a borrower retires from the loan tenure before maturity|
Here are some effortless modes of loan payment options acceptable at Indiabulls
The income tax authorities offer certain benefits and exemptions to individuals who have taken a home loan from specified financial institutions.
Section 24 of the Income Tax Act
Interest paid on capital borrowed for the acquisition, construction, repair, renewal or reconstruction of property is entitled to a deduction. Rs 2,00,000 is the maximum amount eligible for deduction in the case of self-occupied property and for rented out property there is no limit of amount of deduction.
Section 80C of the Income Tax Act
You can get a maximum Rs.1,50,000 deduction from the Income, on repayment of principal amount of the home loan during a financial year. Stamp duty, registration fee or other such expenses paid for the purpose of transfer of such house property to the assessee is also considered under this amount.
Home loans come with a dual advantage - tax benefits and rent saving. Both these elements contribute towards the EMI outflow.
Appreciation in the property value is an additional bonus. We ensure that our customers get maximum benefits through their home loans.
Here is a list of benefits that you can avail when you take an Indiabulls home loan:
• Approval of home loan even if property is yet to be selected
• Online management of Loan account
• Funding available for NRI customers
• Facility for funding for builder’s under construction and ready properties
• Experienced staff to provide doorstep services
• Quick processing and disbursal of housing loans
Making home loans easier:
• Home search made simple with property search services
• Home loan counseling services
• Attractive interest rates
• Doorstep service
• Quick house loan approval and disbursal
• 5000+ pre-approved projects
• Easy monthly repayments under part disbursements
• Safe document storage (ISO Certified)
• Balance Transfer with reduced interest rates and EMI’s
• No pre-payment / foreclosure charges on home loans
To further enhance the experience of managing your home loan, we have introduced a host of features on our website and phone application. Key features that create value can be accessed from anywhere you want to ensure that there is nothing to hamper your requirements.
Managing home loans is now more convenient:
• Mobile Application
• Online Account Management
• One Click Loan Approval
• Home Loan Calculators
• Easy Document Upload
• Application Trackers on Website and App
Documents Required For Home Loans
Listed below is the checklist of documents which you need to submit to avail your home loans. These documents ensure your housing loan application to be swift and hassle-free. Please keep all the documents ready before submission with all the required signatures and stamps.
Mandatory Documents for all applicants:
For Salaried Applicants
Income Documents: Duly Attested
For Self Employed Applicants
Self Employed Non-Professional
Self Employed Professional
For BSF Customer
For Merchant Navy / NRI
Other Related Documents (As applicable)
1. Who can apply for a home loan?
Any individual can apply for a loan, given that the age of the individual is 21 years when the loan period begins and 65 years when the loan period ends. The individual should be someone earning a regular income, either salaried or self-employed.
2. When can you apply for a loan?
The moment you decide to buy a home, you can put in your application for a Home Loan with Indiabulls Housing Finance Ltd. You can apply for a Home Loan even before you have finalized the property. The loan amount would be sanctioned or approved, based on your repayment capability.
3. What are the loan tenure options?
IHFL offers Home loan up to 30 years, provided the term does not extend beyond 65 years of age or the retirement age, whichever is earlier.
4. How is the interest charged/ calculated?
Interest is calculated on monthly rest.
5. What are the types of Rate of Interest offered by Indiabulls?
Indiabulls offers two types of interest rates. Fixed and Floating. A fixed rate of interest is when the rate is fixed for the whole tenure of the loan. A Fixed interest rate helps you to not exceed your interest expenses.
A Floating rate of interest, also known as the variable interest rate is the rate which fluctuates according to the market index. In complete contrast to the fixed rate of interest the floating interest rate may vary during the loan tenure.
6. Who can be the co-applicants for the loan?
• Your spouse
• Any of your blood relative (immediate family members)
• Also co-owner has to be necessarily co-applicant in the loan.
7. If I am an NRI, can I apply for a home loan at Indiabulls?
Yes. We provide loans to NRI’s from Dubai and UK only.
8. What are the stages involved while taking a loan?
Application submission - Submit a completely filled in application with all the necessary documents. Sanction - You get an approval for a specific loan amount based on your requirement, repayment capability and the value of the property. Disbursement is done on the basis of nature of transaction. For resale, disbursal instrument is made favoring the seller, For Balance transfer cases it will be favoring existing financer, for self construction cases it will be on the basis of stage of construction favoring the borrower. It will be in favoring of the builder for builder direct x construction favoring the borrower. It will be in favoring of the builder for builder direct allotment cases.
9. What are the securities/ collaterals you need to provide?
Immovable property owned by the applicants. The applicant's title to the property should be clear, marketable and free from any encumbrances. The security created on property shall be first and exclusive. Such security will be created by deposit of original title documents of the said property.
10. What is an e-Home Loan? What are its features?
An e-Home loan is a range of online home loan application feature. We at Indiabulls believe in making the lives of our customers as less stressful as possible. An online home line is just the solution we need. With our e-Home loan features, you can now apply for home loans through a Facebook application called IB Easy. Without logging out of Facebook you can access/track your home loan, view fees/charges, interest rate changes, share feedback, manage your home loan account and so much more.
The interactive chatbot ‘IB Chat’ fills you’re the loan application on your behalf while you chat with Indiabulls on Facebook.
With the e-sign feature, you can digitally sign all your documents with the help of your Aadhar card number. This app lets you sign multiple documents in one go.
The Digilocker feature saves you from security threats and other such issues with saving documents on your system. With Digilocker you can download the documents from the cloud server itself for your loan application.
Another useful feature named Pay Directly uses ‘Unified Payment Interface’ application that has been integrated with the Indiabulls website. There is no need to login into your e-home loan account. You can directly pay your EMIs through multiple bank accounts and services with the help of the ‘Unified Payment Interface’ in the system.
11. Are there tax benefits on the loan availed?
Yes. You can avail tax benefits for your home loan under the Income Tax Act of 1961. Under Section 24 of the Income Tax Act, Interest paid on capital borrowed for the acquisition, construction, repair, renewal or reconstruction of the property is entitled to a deduction Rs 2, 00,000. This is the maximum amount eligible for deduction in the case of self-occupied property. For rented out property there is no limit of the amount of deduction.
Under Section 80C of the Income Tax Act, an applicant can get a maximum Rs.1, 50,000 deduction from the Income, on repayment of principal during a financial year. Other expenses such as Stamp duty, registration fee paid for the purpose of transfer of such house property to the assessee is also considered under this amount.