Indiabulls Housing Finance

Product Details

Bank Name

Maximum Loan Tenure

30 years

Maximum Loan Amount

5 crore

Interest Rate

8.75% onwards

Type

Floating

Down Payment

up to 90% of the property’s value

Fees and Charges

Processing fees: Home loan 0.50% onwards
Technical /Valuation and Legal opinion charges, SRO search charges, ROC search charges, non-encumbrance certificate from SRO charges: Rs 2,500
Transaction handling charges in balance transfer / resale home loans Rs 1,500
Cheque / NACH dishonor charges: Rs 500 (home loans)
Nil on representation of ECS / PDC
Late payment charges: 24% per annum of outstanding EMI
PDC/ECS swapping charges: NIL
Retrieval charges for copies of loan /property document in IB custody Emailing of scanned copies: NIL
Physical copies with IB attestation: Rs 500

All applicable fees & charges are subject to levy of GST, which if payable, is to be paid in addition to the fees/charges.

Minimum CIBIL Score

750

Down Payment and Fees

Indiabulls Home loans

Special Features

Application to disbursal online

Eligibility Criteria

Age: 21 years at the start of the loan and 65 years when loan period is completed Employment Type: Salaried individuals Self-employed professional Self-employed non-professional

Special Concession

Concession for women

Home Saver Option

Features, Eligibility and Concession

Pros

1. Attractive interest Rates 2. Simple documentation process 3. Flexible loan tenure options 4. Quick approval and disbursal 5. Multiple loan repayment options

Cons

Prepayment charges applicable
Focus on NBFC Model

Pros & Cons

Application Procedure

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