CreditMantri matches your credit and demographic profile to India Bulls Home Loan lending criteria - others just match your demographic criteria. We shortlist lenders willing to lend to you based on our proprietary matching algorithm.
In effect, we pre-screen your application to make sure you are likely to qualify as per the lender’s credit criteria. We upfront check whether you qualify for India Bulls Home Loan. Hence the chances of your India Bulls Home Loan application getting approved is higher.
Indiabulls Housing Finance Ltd. (IBHFL) is one of the premier private housing finance company in India. It is part of the Indiabulls Group, established in 1999, which deals in housing finance, real estate and wealth management.
For many millions in India, buying a home is one of the main aspirations of adult life. Having your own place popularly offers a certain peace of mind regarding your financial stability, provided you manage your finances well. You might be already on the lookout for the perfect place to call your own, or you might be just starting to contemplate the idea of buying a home. Whatever the case, everyone needs that much-needed financial help when it comes to buying property.
A home loan from Indiabulls is one option that could help you fund your dream home. Taking a home loan is not an easy stroll in the park, and you must carefully plan your finances in advance of this long term financial commitment. Paying the EMI dues could span over a decade or two, or even three, depending on your budget and monthly EMI outflow. Taking a home loan demands a significant chunk of your income towards making your monthly EMI payment. Read on to know the features and the benefits on offer with Indiabulls home loans.
A home loan from Indiabulls could be used for the following:
Up to 90% of the cost of the property is offered as a loan if your loan requirement is up to Rs. 30 lakhs. For loans above Rs. 30 lacs and up to Rs. 75 lakhs up to 80% is offered, and for loans above Rs. 75 lakhs, a maximum of 75% of the cost of the property is offered. Indiabulls tailors its home loan offers as per the customer’s credit worth and repayment history.
30 years, subject to your retirement age
Home Loans can be applied for either individually or jointly. However, co-owners of the property, must be co-applicants.
The applicant should be either a salaried or self-employed professional with the ability to make the initial down payment. He / she should have a suitable repayment capacity as assessed by Indiabulls. Co-applicants on the loan could include father / mother / brother / sister / relatives.
The Rate of Interest varies depending on the credit history of the applicant among other factors and is at the sole discretion of Indiabulls. For the most accurate and up to date interest rates, it is advisable to contact Indiabulls directly. Following is an overview:
HOME LOANS VARIABLE RATE
|Loan Amount||Variable Rates%|
|Up to and including Rs 75 lakhs||8.65% to 10.05%|
|More than Rs 75 Lakhs and up to Rs 300 lakhs||8.70% to 10.75%|
|More than Rs 300 Lakhs and up to Rs 500 lakhs||8.80% to 11.25%|
|More than Rs 500 lakhs||10.00% to 11.75%|
HOME LOANS FIXED & FLOATING
|Loan Amount||Fixed Rate Tenure||Rates%|
|Up to and including Rs 300 lakhs||up to 3 Years||9.75% to 12.00%|
|More than Rs 300 lakhs||10.50% to 12.25%|
Service charges, levies, processing fees, and other taxes / fees will be charged as per the prevailing rate. The rates, fees, charges etc. are subject to changes / revision from time to time.
For the Salaried:
For the Self-employed:
You will be given an application number while you apply for a home loan which you will need to keep handy for future referencing. You can contact Indiabulls customer care for help with tracking of your home loan application while quoting the application number.
Who is eligible to apply for a loan?
Any salaried or self-employed Indian national who is credit worthy and has a suitable net worth and repayment capacity is eligible to apply for a home loan from Indiabulls. NRIs are also eligible to apply for home loans with Indiabulls.
When can I apply for a home loan?
You can apply for a home loan anytime, even if you are yet to select a property or the construction of your chosen property is yet to begin.
What is the maximum amount of money I can borrow?
The maximum amount that you can borrow depends on several important factors such as your income, repayment capacity, credit history, etc.
How is my eligibility determined?
While determining your eligibility, various factors are taken into consideration. It is assessed based on various factors like your age, income, savings, stable employment history, any ongoing monthly EMIs on other loans, financial discipline, continuity of income, educational qualifications, assets, and repayment history / credit history. Loans are approved only after detailed investigations and cash flow assessment in addition to scrutiny of business financials (for self-employed).
Indiabulls offers an array of finance products to suit every need and budget, and simplifies quick completion of the formalities once the loan is approved.