Indiabulls is the second largest housing finance company in India with its long-term credit rating of AAA as assigned by the leading credit rating agencies in the country. Even as the balance sheet touches around ₹1,38,235.90 Cr, it focuses on pricing its home loans at a competitive equally supported by the hassle-free credit approval process.
The company runs on four core values - customer first, transparency, integrity and professionalism. It’s these core values that have enabled Indiabulls Home Loan to be the most sought-after option among the borrowers. Let’s catch all the details pertaining to its home loan in this article.
Indiabulls Home Loan Interest Rate - The Foremost Thing to Glance at
Indiabulls offers a home loan to buy a new or resale property, as well as construct, renovate or extend a housing unit. The loans come at an interest rate of 8.70%-9.45% per annum. The rate which you see can vary depending on the loan amount, income and repayment potential. Even your credit record can also come into play while deciding the actual rate. Plus, the loan amount can be given to the extent of 75%-90% of the property value.
Indiabulls Home Loan Eligibility Calculator
You can actually check the loan amount you are eligible for using the calculator. All you need to do is to enter your monthly income, the tenure you would like to go for and the interest rate offered at Indiabulls. The algorithms embedded in the calculator would help flash the maximum loan you can get from Indiabulls. The housing finance company would also check the value of the property before deciding on the loan amount.
Documents Required
The choice is yours whether to go online or visit the nearest branch to apply for a home loan. All you need to do is to enter a few personal and professional details correctly and submit the application thereafter. The housing finance company would check the details thoroughly, send executives to your office and residence for authentication. Further, a panel of experts would do a technical and legal verification of the property in question. The experts would see the age of the property, its condition, the prevailing price scenario before preparing a technical report.
The report findings would then enable Indiabulls to decide on the property value. A home loan, accounting for about 75%-90% of the property value, can thus be financed. You would get an Indiabulls Home Loan Sanction Letter showing all the details of the loan, including interest rate, EMI and tenure for which the loan is applicable.
The company runs on four core values - customer first, transparency, integrity and professionalism. It’s these core values that have enabled Indiabulls Home Loan to be the most sought-after option among the borrowers. Let’s catch all the details pertaining to its home loan in this article.
Indiabulls Home Loan Interest Rate - The Foremost Thing to Glance at
Indiabulls offers a home loan to buy a new or resale property, as well as construct, renovate or extend a housing unit. The loans come at an interest rate of 8.70%-9.45% per annum. The rate which you see can vary depending on the loan amount, income and repayment potential. Even your credit record can also come into play while deciding the actual rate. Plus, the loan amount can be given to the extent of 75%-90% of the property value.
Indiabulls Home Loan Eligibility Calculator
You can actually check the loan amount you are eligible for using the calculator. All you need to do is to enter your monthly income, the tenure you would like to go for and the interest rate offered at Indiabulls. The algorithms embedded in the calculator would help flash the maximum loan you can get from Indiabulls. The housing finance company would also check the value of the property before deciding on the loan amount.
Documents Required
- You would be required to submit the following documents for a home loan.
- Identity Proof - PAN Card/Aadhaar Card/Voter ID/Passport/Educational Certificates
- Residence Proof - Aadhaar Card/Voter ID/Passport/Driving License/Utility Bills
- Signature Proof - PAN Card/Driving License or any other documents approved by competent authorities
- Income Proof - Latest Salary Slips, Form 16 and Bank Statement for Salaried, Last 2-3 Years ITR and Balance Sheet (Audited)
- Property Documents - Agreement to Sale, Property Title Deed
The choice is yours whether to go online or visit the nearest branch to apply for a home loan. All you need to do is to enter a few personal and professional details correctly and submit the application thereafter. The housing finance company would check the details thoroughly, send executives to your office and residence for authentication. Further, a panel of experts would do a technical and legal verification of the property in question. The experts would see the age of the property, its condition, the prevailing price scenario before preparing a technical report.
The report findings would then enable Indiabulls to decide on the property value. A home loan, accounting for about 75%-90% of the property value, can thus be financed. You would get an Indiabulls Home Loan Sanction Letter showing all the details of the loan, including interest rate, EMI and tenure for which the loan is applicable.
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