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Indiabulls Housing Finance Ltd Bank Home Loans




Indiabulls Housing Finance Ltd. (IBHFL) is the 2nd largest private housing finance company in India, regulated by the National Housing Bank (NHB). They have the highest rating of AAA from CARE ratings and Brickwork ratings.
They offer home loans at competitive rates, especially loans of up to Rs. 50 lakhs. The employees are specially trained to guide the customer through different stages, right from the initial process of applying for a loan till the time he takes possession of his dream home.
Core Values
  • Customer First
  • Transparency
  • Integrity
  • Professionalism
Strengths
  • Loan sanction in 48 hours
  • Loan approval even before property finalization
  • Doorstep service
  • Online account access for convenient management of loan account
  • First hand appraisal and tie-ups with over 5,500 residential projects
  • Technology driven quality customer service
 Network
  • Over 200 well appointed and accessible branches in 100 towns and cities across India
  • 2 representative offices in Dubai and London offering Home Loan products to Non-Resident Indians and Persons of Indian Origin.
IBHFL has fulfilled the dreams and aspirations of over 6 lakh happy households with their customer-centric finance solutions.
They provide tailor-made home loan schemes to support your dream of owning a home. Owning a house is cherished dream and an achievement, buying a home requires long-term planning, large investment and responsibility. 
Indiabulls Home Loans – offered by Indiabulls Housing Finance Ltd. – is emerging as the most preferred brand in housing finance in India today. We believe in serving our customers with passion, commitment and highest degree of transparency.
Advantages :
Home loans come with a dual advantage, tax benefits and rent saving. Both these elements contribute towards EMI outflow. Appreciation in the property value is an additional bonus. We ensure that our customers get maximum benefits through their home loans.
Here is a list of benefits that you can avail when you take an Indiabulls home loan:
  • Approval of loan even if property is yet to be selected
  • Online access of Loan account
  • Funding available for NRI customers
  • Facility for funding for builder’s under construction and ready properties
  • Experienced staff to provide doorstep services
  • Quick processing and disbursal of loans


Documents Needed :

All applicants are required to present these documents while applying for a home loan.
    • Application form: duly signed
    • Processing Fee Cheque
    • Know Your Customer documents: Name & date of birth proof, address proof, signature proof, identity proof
    • Income documents
      • If salaried: Salary slips, Form 16 and bank statement
      • If self employed: ITRs with financial statements, Bank statement
    • Property Documents



Interest rates :

Home Loans 

Variable Rate

Loan Amount
Variable rates%
Upto and including Rs 300 lacs
9.50%  to 11.25%
More than Rs 300 lacs
10.25% to 11.75%

Fixed & Floating

Loan Amount
  Fixed Rate Tenor
Rates%
Upto and including Rs 75 lacs
Upto 3 Years

9.95%  to 10.90%
More than Rs 75 lacs & Upto 150 Lacs
10.10% to 11.10%
More than Rs 150 lacs
10.40% to 11.75%


After the completion of Fixed Rate Tenor, 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.



Processing Fee
Upto Rs 28 lacs
Rs 7500
Rs 28.01 lacs to Over Rs 50 lacs
Upto 0.50%
Over Rs 50 lacs
0.50% to 1.00%

S. Tax as Applicable

Other charges :
Pre-payment charges : Nil (including plot loans)
Fees and charges :
Legal Opinion Charges, SRO Search Charges, ROC Search Charges ,Non-Encumbrance Certificate from SRO charges
:
NIL, included in the Processing fee
Transaction Handling charges in Balance Transfer / Resale Home Loans
:
Rs. 2500/-
Technical Valuation charges
:
NIL, included in the Processing fee
PDC / ECS Dishonour Charges
:
Rs. 250/- (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 Scan Copies: NIL
Physical copies with IB attestation: Rs 500/-
Charges for Statement Of Account / Amortization Schedule
:
Rs.200/-
Registration Charges for Borrowers’ECS Mandate (loan repayment)
:
NIL
Income Tax Certificate in Home Loans
:
NIL
Charges for Certified True Copies of Title Deeds from SRO , if applicable.
:
As per Actual

Benchmark Rates :


Indiabulls Housing Finance Limited


FRR 
With effect from 14th April 2015, Bench Mark Home Loan Rate (FRR) is reduced by 0.20% and new reduced rate is 17.30% 

LFRR 
With effect from 1st December, 2013 onwards, LFRR is 18.75% 

PLR* 
Prime Lending Rate(PLR) is @22.50% applicable with effect from 1st September 2013, 

*(Company has since discontinued from August 2011 sanctioning of fresh Housing Loans quoting the benchmark PLR. This rate is only applicable to old loans sanctioned at PL Rates)

Indiabulls Housing Finance Ltd. launches Indiabulls Customer Connect :


At the launch, Mr. Ajit Mittal, Executive Director, Indiabulls Housing Finance Ltd. commented, ”This is a first of its kind initiative by any home loan company in India. The new customer care branch is dedicated to provide instant solution to issues being faced by our existing and new home loan and mortgage clients. It also seeks to work as the first port of call for effective and speedy redressal of customer complaints and dispute resolution."

For further information, please contact:
Mr. Ankit Banga, 
Senior Manager, Marketing & Communication
Email: Ankit.Banga@Indiabulls.Com 
Phone: +919892212357  
Ms. Twinkle L Mayekar,
Manager, Marketing & Communication 
Email: Twinkle.Mayekar@Indiabulls.Com 
Phone: +919819748033

To get more details 
You can  SMS HOME to 56677 
also 
You can call the helpline : 1800-200-7777