Indiabulls Home Loan

Highlights

  • Know your eligibility for Indiabulls home loans available at 8.80%.
  • Get Indiabulls home loan at affordable rates December 2018.

Ramesh Singh is tired of paying rents and wants to buy a house now. He is confused which lender would be the best. His friend suggested him to compare home loan rates at top banks in December 2018. After comparison, he has selected Indiabulls as his home loan lender. To know, what made him do it, read this article:

  • Loan amount
  • Approval time
  • Interest rates
  • Eligibility criteria
  • Processing fees
  • Other benefits of Indiabulls home loan

Home Loan

Eligibility & Quotes from top PSU & Pvt. Banks | Lowest Interest Rates | Comfortable Tenure

    Almost done, few more details required.

    Indiabulls Home Loan Interest Rate December 2018

    Below is the table showing the rate of interest, processing fees and maximum loan amount available on the home loan offered by Indiabulls. You may also note that 18% GST is additionally applicable on the processing fee.

    ParticularsDetails
    Interest Rate8.80% - 11.05%
    Loan AmountUpto 75%-90% of the property value
    TenureUp to 30 years
    Pre-paymentNil
    Fore-closureNil

    How can you apply for home loans at Wishfin?

    Wishfin is an online portal wherein you can easily for a home loan at any top lenders such as Indiabulls. The expert advice will not only help you get the best possible rate as per your eligibility but will also make sure that you get instant approval for your loan is all your documentations are proper.

    What are the documents required to apply for Indiabulls Home Loans?

    To apply for a home loan at Indiabulls, all applicants are required to furnish some important documents. Here is the list of some important documents.

    • Application form: duly signed
    • Processing Fee Cheque
    • Age 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

    How can you check the status of your loan?

    You can track the status of your home loan through the online customer home loan portal or by contacting the home loan department. However, if you have applied through Wishfin, experts at Wishfin make sure you get instant approval.

    Indiabulls Home Loan Application

    The housing finance firm will set a valuation amount of the property on the basis of the report. You can then get a home loan of upto 75%-90% of the property value as decided by Indiabulls.

    How can you calculate your EMI?

    With the help of the loan calculator, you can check the details of the total payments on your home loan. Here is an example for your reference. The following table specifies the calculated EMI, interest payment and the total amount (EMI+Interest) required to be paid each year on your home loan.

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 30,00,0008.70%1₹ 2,61,937₹ 1,43,247₹ 31,43,247
    ₹ 30,00,0008.70%2₹ 1,36,642₹ 2,79,400₹ 32,79,400
    ₹ 30,00,0008.70%3₹ 94,981₹ 4,19,312₹ 34,19,312
    ₹ 30,00,0008.70%4₹ 74,229₹ 5,62,968₹ 35,62,968
    ₹ 30,00,0008.70%5₹ 61,839₹ 7,10,351₹ 37,10,351
    ₹ 30,00,0008.70%6₹ 53,631₹ 8,61,433₹ 38,61,433
    ₹ 30,00,0008.70%7₹ 47,812₹ 10,16,186₹ 40,16,186
    ₹ 30,00,0008.70%8₹ 43,485₹ 11,74,573₹ 41,74,573
    ₹ 30,00,0008.70%9₹ 40,153₹ 13,36,554₹ 43,36,554
    ₹ 30,00,0008.70%10₹ 37,517₹ 15,02,084₹ 45,02,084
    ₹ 30,00,0008.70%11₹ 35,387₹ 16,71,114₹ 46,71,114
    ₹ 30,00,0008.70%12₹ 33,636₹ 18,43,589₹ 48,43,589
    ₹ 30,00,0008.70%13₹ 32,176₹ 20,19,452₹ 50,19,452
    ₹ 30,00,0008.70%14₹ 30,944₹ 21,98,640₹ 51,98,640
    ₹ 30,00,0008.70%15₹ 29,895₹ 23,81,090₹ 53,81,090
    ₹ 30,00,0008.70%16₹ 28,993₹ 25,66,731₹ 55,66,731
    ₹ 30,00,0008.70%17₹ 28,213₹ 27,55,495₹ 57,55,495
    ₹ 30,00,0008.70%18₹ 27,534₹ 29,47,305₹ 59,47,305
    ₹ 30,00,0008.70%19₹ 26,939₹ 31,42,088₹ 61,42,088
    ₹ 30,00,0008.70%20₹ 26,416₹ 33,39,765₹ 63,39,765
    ₹ 30,00,0008.70%21₹ 25,953₹ 35,40,257₹ 65,40,257
    ₹ 30,00,0008.70%22₹ 25,543₹ 37,43,482₹ 67,43,482
    ₹ 30,00,0008.70%23₹ 25,179₹ 39,49,361₹ 69,49,361
    ₹ 30,00,0008.70%24₹ 24,854₹ 41,57,809₹ 71,57,809
    ₹ 30,00,0008.70%25₹ 24,562₹ 43,68,744₹ 73,68,744
    ₹ 30,00,0008.70%26₹ 24,302₹ 45,82,083₹ 75,82,083
    ₹ 30,00,0008.70%27₹ 24,067₹ 47,97,743₹ 77,97,743
    ₹ 30,00,0008.70%28₹ 23,856₹ 50,15,642₹ 80,15,642
    ₹ 30,00,0008.70%29₹ 23,666₹ 52,35,697₹ 82,35,697
    ₹ 30,00,0008.70%30₹ 23,494₹ 54,57,826₹ 84,57,826

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    YearPrincipalInterestBalance Amount
    1₹ 21,782₹ 2,60,145₹ 29,78,217
    2₹ 23,755₹ 2,58,173₹ 29,54,462
    3₹ 25,906₹ 2,56,021₹ 29,28,556
    4₹ 28,252₹ 2,53,675₹ 29,00,304
    5₹ 30,810₹ 2,51,117₹ 28,69,493
    6₹ 33,600₹ 2,48,327₹ 28,35,893
    7₹ 36,643₹ 2,45,284₹ 27,99,250
    8₹ 39,961₹ 2,41,966₹ 27,59,289
    9₹ 43,579₹ 2,38,348₹ 27,15,709
    10₹ 47,526₹ 2,34,401₹ 26,68,182
    11₹ 51,830₹ 2,30,098₹ 26,16,352
    12₹ 56,523₹ 2,25,404₹ 25,59,829
    13₹ 61,641₹ 2,20,286₹ 24,98,187
    14₹ 67,223₹ 2,14,704₹ 24,30,963
    15₹ 73,311₹ 2,08,616₹ 23,57,652
    16₹ 79,949₹ 2,01,978₹ 22,77,702
    17₹ 87,189₹ 1,94,738₹ 21,90,512
    18₹ 95,085₹ 1,86,842₹ 20,95,427
    19₹ 1,03,695₹ 1,78,232₹ 19,91,732
    20₹ 1,13,085₹ 1,68,842₹ 18,78,646
    21₹ 1,23,325₹ 1,58,602₹ 17,55,320
    22₹ 1,34,493₹ 1,47,434₹ 16,20,827
    23₹ 1,46,672₹ 1,35,255₹ 14,74,154
    24₹ 1,59,954₹ 1,21,973₹ 13,14,200
    25₹ 1,74,439₹ 1,07,489₹ 11,39,761
    26₹ 1,90,235₹ 91,692₹ 9,49,525
    27₹ 2,07,461₹ 74,466₹ 7,42,064
    28₹ 2,26,248₹ 55,679₹ 5,15,815
    29₹ 2,46,736₹ 35,191₹ 2,69,079
    30₹ 2,69,248₹ 12,848₹ 0

    Key features of Indiabulls home loan

    • Competitive interest rates
    • Home loan under PMAY
    • Easy and simple documentation process
    • Quick approval and disbursal of loan amount
    • Easy monthly repayment & pre-payment facility
    • Balance transfer with reduced rate of interest and lower EMIs
    • Pre-approved home loan facility available
    • Loan available for under-construction properties as well
    • Safe document storage
    • No pre-payment and foreclosure charges on loan
    • Approval for home loan even before the selection of the property
    • Interest paid on borrowed amount for the purchase, construction, repair, renewal or reconstruction of the house property

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