Indiabulls

Indiabulls

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating Rate of Interest : 10.60 % to 14.50 % p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 1 year to 15 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing  Fee 1.50 %  depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about Indiabulls

Indiabulls housing finance limited stands for IBHFL. It is regulated by the National Housing Bank (NHB). It is the second largest private housing finance company in India. Indiabulls loan against property aims to provide financial assistance to customers who want to start a new business or expand their existing business by mortgaging their residential or commercial property. Indiabulls housing finance limited understand how difficult it is to choose between your aspirations to become successful entrepreneur & your personal priorities.

Your Eligibility depends on following


You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Minimum income required Rs.25,000 per month
EMIs of other loans lower your eligibility
Pay off your credit card bills
Choose longer tenure loan up to 15 years

Rate of Interest and Other Charges for Loan Against Property are following

Rate Of Interest:

LOAN AGAINST PROPERTY / COMMERCIAL PROPERTY PURCHASE VARIABLE RATE:

Sno.

Loan Amount

Rate of Interest

1

Up to and including Rs 5 crores

10.60% to 13.50%

2

More than Rs 5 crores

13.00% to 14.50%

LOAN AGAINST PROPERTY / COMMERCIAL PROPERTY PURCHASE FIXED:

Sno.

Loan Amount

Fixed Rate Tenure

Rates%

1

 Up to and including Rs 5 crores

Up to 3 Years

11.00% to 12.00%

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.

Existing Loan take over or New Loan

Here are some points for you:

  • Quick loan approval and disbursal
  • ISO certified process
  • Loan transfers with top-ups
  • Doorstep service available
  • Convert your current loan at an attractive rate of interest
  • Convert working capital limit to term loan

Features of Loan

Some of our salient features are featured below:
• Quick loan approval & disbursal
• Safe document storage – ISO certified process
• Loan transfers with top-ups
• Doorstep service

Documents required for Indiabulls Loan against Property

The following documents are required for HDFC Loan against property:

For Salaried Individuals:

  • Proof of Residence(any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voter’s ID Card
  • Proof Of Identity(any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver’s License
  3. employer’s Card
  • Bank Statement / Passbook of last 6 months
  • Salary slip of last 6 months.
  • Form 16 for previous 2 years.
  • Legal documents of the concerned property.

For Self-employed individuals

  • Certified financial statement of last 3 years.
  • Proof of Residence (any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voters Card
  • Proof of Identity (any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver License
  3. Employer’s Card
  • Latest Bank Statement or Passbook
  • Copies of all property documents which you want to use as collateral.