Indiabulls Personal Loan Interest Rates

Now that you have decided to avail a Indiabulls personal loan, it is important that you should also be aware of the rates first. Talking more about the rates, it would not be wrong to say that at present, the lender is offering the loan to the applicants at an attractive interest rate so as to reduce their loan burden.

Apply Personal Loan @ 10.75%* Rate

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Indiabulls Personal Loan Interest Rates July 2020

ParticularsDetails
Interest Rates13.99% Onwards
Processing FeeUp to 5% of the loan amount
Prepayment Charges5% of the principal outstanding
Bounce chargesRs. 400 per bounce
Late Payment penalty3% per month
Stamp duty charges for loan documentationAs per applicable laws
Duplicate NOCRs. 500 per request
Repayment mandate/instrument swapping chargesRs. 500 per request

Indiabulls Personal Loan Balance Transfer Interest Rates

If your existing lender is giving you the loan at the higher interest rate, you can opt for the balance transfer facility. Yes, transferring your existing personal loan to Indiabulls allows you to enjoy the attractive interest rates. Currently, the lender is offering the loan to the applicants at an interest rate of 13.99% Onwards, which means with lowest rates, you can get the affordable EMIs to repay your loan easily. Thus, less burden will be there on your shoulders as far as loan repayment is concerned.

Indiabulls Personal Loan Balance Transfer Interest Rates

Example: If you have a personal loan of INR 4,00,000 at a rate of interest of 17% per annum. Then the only way to reduce the interest rate is via the balance transfer. If Indiabulls provides you the facility of balance transfer at an attractive interest rate of 12%, it will be a good deal for you. Look at the table to see how much you can save money with the balance transfer of your existing personal loan.

ParticularsDetails
Original Loan AmountINR 4,00,000
Interest Rate17% per annum
Tenure5 years
EMI @17%INR 9,941
Estimated Interest Outgo @17%INR 1,96,462
Interest Paid Till 2 YearsINR 1,17,415
Outstanding Balance at the End of 2nd YearINR 2,78,829
EMI @12% for the Remaining 3 YearsINR 9,261
Interest @12% Over 3 YearsINR 54,571
Interest Paid Till Now + Interest Payable Over the Next two yearsINR 1,71,986
Estimated Savings in Terms of EMIINR 680 (9,941-9,261)
Estimated Savings in Terms of Interest PaymentINR 24,476 (1,96,462 - 1,71,986)

Note: Indiabulls may charge a loan transfer fee from the customer.

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