Indiabulls Home Loan

Robust professionalism and transparency makes Indiabulls, the third largest housing finance company in India. Moreover, the loan can be sanctioned in 48 hours and also their tie up with 5500 residential projects brings it more credibility. They are spread over 100 towns and cities across India. They work on technology driven customer satisfaction programme allowing them to work without any references. One can get prompt approval on home loan with LoanStreet.

Minimum Threshold for Indiabulls Home Loan Eligibility
  1. At least 21 years of age.
  2. Salaried/ Self-employed with regular source of income.
  3. Less than 65 years of age.
Documentation Required For Application of Indiabulls Home Loan

Generally all banks follow same guidelines for collecting elementary documents. However there may be little variation with subject to specific requirements. Below listed are the documents that is required to process the loan faster. Self attested copies of Documents are solicited.

  1. The Signed application form duly filled with photograph.
  2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statement
  3. Cheque of Processing Fee.
Salaried Individuals
  1. Last 2 years Form 16 or Income Tax Returns
  2. Last 3 months salary slips
  3. Last 6 months bank statement reflecting salary credits
Self employed Individual/ Proprietorship
  1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificates
  2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  3. Latest 12 months bank statement- Savings Account and Current Account
  4. Existing Loans’ Sanction letters accompanied with repayment track
  5. Business profile on the letterhead of the company
Partnership Firm/ Partnership LLP
  • Age proof of all the partners in the form of PAN Card, Passport or Adhar Card
  • PAN Card of the company
  • Residence proof of all the partners –Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • Latest 3 years Income Tax returns with profit and loss and balance sheet duly audited by CA.
  • Latest 12 months bank statement of the Company and of the Partners’ Savings Bank Account
  • Partnership deed
  • Existing Loans’ Sanction letters accompanied with repayment track
  • Business profile on the letterhead of the company
Private Limited / Limited Company
  • Application form duly filled with photographs of directors.
  • Age Proof of Directors- PAN Card, Aadhar Card, passport
  • Residence Proof of Directors- Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • PAN Card of Company
  • Education Qualification- A professional qualification certificate in case of Doctors/CA/Architects
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • MOA, AOA, List Of Directors, Share Holding Pattern of the Company
  • Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA.
  • Latest 12 months bank statement of Company of all current accounts and the same for Director’s Savings Bank Account
  • Existing Loans’ sanction letter with repayment track of company and Individual Directors
  • Business Profile on the Letter Head of the Company
Property Documents
  • Occupancy Certificate
  • Approved Plan of building
  • Share certificate copy
  • Chain of deeds in case of resale property
  • Property Card
  • Nil Encumbrance Certificate- EC ( if applicable)
  • Current Sale agreement/ Draft Agreement
Indiabulls Home Loan Interest Rate
Rate of Interest 9.90% to 11.50%
Loan Tenure 1 year to 20 years
Processing Fees 0.5 % of the loan amount + tax as applicable
Partial Prepayment charges Nil
Pre closure charges Nil
Indiabulls Home Loans- Why?

Indiabulls forges to deepen the bond with its existing customers by extending comprehensive value added services accompanied with speedy disbursal of loans. It is one of the fastest loan provider of the nation that guarantees loan efficiently and at low cost. It also ensures an end to end post disbursement services to the applicant.

Benefits Of Acquiring Indiabulls Home Loan:-

  • Well experienced and dedicated relationship manager.
  • Sharing on total loan eligibility.
  • Prompt and regular updates as the file of home loan disbursal progresses.
  • The customers can have online access to the home loan account.
  • The personnel are dedicated to provide services on priority basis
Unique Features Of Indiabulls Home Loan
  • The loan tenure can be upto 20 years
  • In case the loan requirement is upto 20 lakhs 85% of the cost of property can be availed.
  • The robust delivery system facilitates efficient and quick processing of loans.
  • Home loans can be applied either individually or jointly. Here the co applicants need not be the co-owners.