Indiabulls home loan
- Interest Rate
- 10.50%
- Pre payment charges
- 2%
- Balance Transfer Charges
(incase of refinance) - 2%
- Part-payment Charges
- 2%
- Switching Charges
(Fixed to Floating or vice-a-versa) - 1%
- Loan to Value ratio
- 85%
- Speed of Sanction
- 7 working days
- Ease of documentation
- Pre- Approved projects only. Less Documentation
- Customer Service
- Good
- Franking Charges
- 0.2%
Features and Benefits of Indiabulls home loan
Features
- Loan available for purchase of house/residential plot or construction
- Repayment period is around 20 years but maximum is restricted up to the retirement age
- Loan available is up to 80% of the cost of property which can vary with income & expenses, age, repayment capacity etc.
Charges:
- Cheque bounce charges: Rs 750+service tax
- Loan processing charges:1% of the loan amount, Minimum of Rs 5500/-
- Late Payment charges: 3% of EMI outstanding
- Reschedulment charges: 2% of the outstanding amount
- Document Retrieval charges: Rs 1000
- PDC/ECS swap charges: Rs 750 + service tax
- Foreclosure charges: Nil when paid from own sources
- Statement of account charges: Rs 500+service tax
Documentation
Salaried
- Application form: duly signed
- Processing fee cheque
- KYC documents include age proof, address proof, signature proof, identity proof
- Income documents: salary slips, Form 16 & bank statement
- Property documents
Self-Employed
- Application form: duly signed
- Processing fee cheque
- KYC documents include age proof, address proof, signature proof, identity proof
- Income documents: ITRs with financial statements ,Bank statement
- Property documents
Documents Required for Indiabulls home loan
Salaried Individual
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Self Employed
|
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Expert Review of Indiabulls home loan
User Reviews
- Product Rating -
Average user rating
- Member's Recomendation
Beware of Indiabulls Home Loan
By: badrinath jha, India | 15 July 2010
I have applied for a home loan in Indiabulls Home Loan through its staff Mr. Wasim (Mob: 9716868270 although he submitted my application form and left Indiabulls). Later on Mr. Manvir (Mob: 99587413...[Read]
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partpayment charges of indiabulls
By: ravi, India | 15 July 2010
hello frnds the part payment charges of indiabulls is very high although it provide home loans in very simple way with ease of interest rate...[Read]
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initial rate of interest is good
By: yogesh, India | 15 July 2010
hi frnds i am from gurgaon i notice that the initial rate of interest of india home loans is very low as compare to other nbfc's...[Read]
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By: ajay, India | 15 July 2010
i compare all the floating intrest rate of verious nbfc's company i notice that the average rate of intrest of indiabulls is less...[Read]
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By: Naveen, India | 15 July 2010
indiabulls provide home loans with ease and less intrest however the prepaymesnt charges of thi s nbfc is high ...[Read]
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simplicity and ease of home loan is here
By: Ravi, India | 15 July 2010
hi frnds i m ravi. I told u about the companies providing home loans. i walk all nbfc's but the indiabulls home loan is very simple to apply and you got your loan with in 7 days and the intrest of in...[Read]
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Beware of Indiabulls Home Loan
By: badrinath jha, India | 13 July 2010
I have applied for a home loan in Indiabulls Home Loan. It has approved my home loan and encashed my cheque worth Rs.5510.00 which was meant for processing fee. When I visited its Lajpat Nagar - II of...[Read]
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By: amit kumar behera, India | 07 July 2010
customercare too poor especially in ncr they say one thing and do the other.dont stick to commitments.ultimately end user is harassed.i would never recommend this. website is very poor.relationship ma...[Read]
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indiabulls prepayment charges are high
By: ashok, Mumbai | 26 May 2010
Although indiabulls home loan interest rates are low but their prepayment charges are high. If in case i wish to prepay the loan the charges i need to bear would be high. If indiabulls can reduce thei...[Read]
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Also their loan processing charges are nominal
By: tina, Mumbai | 16 October 2009
Indiabulls offers home loans at very good interest rates. Initially i was planning to take home loan from other bank but Indiabulls interest rates are low. Also their loan processing charges are nomin...[Read]
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By: sanjeeb dash, India | 03 October 2010
sweet talks and mere cheats that sums up the customer service and the agents employed over there.stay away if you dont want to be looted by legal robbers....[Read]
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Inidabulls are no.1 Home loan cheats
By: BB, India | 09 January 2011
if indiabulls approach you for home loans - just hit them and throw them out like shit - one of the top fraud companies - i wud suggest that they always dig shit and not enter home loans as due to the...[Read]
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Planning to take Home Loans from India Bulls
By: Danny, India | 02 February 2011
Any suggestions?...[Read]
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