Indiabulls Loan Against Property

Loan Against Property

Indiabulls provides loan against property to self-employed and businessmen with high loan amount at low-interest rates. The loan against property offered by Indiabulls gives you a chance to use your own property for education, marriage, foreign travelling and other personal requirements.

Indiabulls Mortgage Loan Details

ParticularsDetails
Interest Rate11.00% p.a to 12.00% p.a
Loan AmountUp to Rs. 5 Crores or Up to 65% of the market value of the property- plot, commercial or residential
TenureUp to 3 years
Processing FeeUp to 1.50% of the loan amount + service tax
Prepayment or foreclosure chargesNIL

Features & Benefits of Indiabulls Loan Against Property

  • Quick loan approval and disbursal
  • ISO certified process
  • Loan transfers with top-ups
  • Doorstep service available
  • Convert your current loan at an attractive rate of interest
  • Convert working capital limit to term loan

Indiabulls Mortgage Loan Eligibility

The list for the eligibility to apply for Indiabulls loan against property is as follows:

  • Self-employed professional and businessmen
  • Individuals with minimum age of 25 years and maximum age limit of 60 years
  • Partnership firms
  • Private limited companies or closely held companies
Must Read  Karur Vysya Bank Loan Against Property

Documents Required for Indiabulls Loan Against Property

  • PAN card of the company
  • Address proof
  • ITR Return for the past 2 years along with the balance sheet and computational
  • Profit and loss statement
  • Business profile on company’s letterhead along with MoA
  • KYC form
  • Last 2 years Form 26 AS
  • Past 6 months bank record
  • Property documents
  • Vat registration and Vat return documents (last 2 years)
  • Audited financials certified by a CA in case of turnover more than 5 lacs

How to Apply for Indiabulls Mortgage Loan

To apply for Indiabulls loan against property, you need to submit the self-attested copied of all the documents along with the filled-up Indiabulls mortgage application form and submit it to the nearest branch.

Indiabulls Loan Against Property EMI Calculator

EMI calculator is the tool that is very commonly used by the borrowers to calculate the monthly EMIs that a person has to pay for the loan he/she has taken against the property for a particular tenure period at a particular rate of interest. For eg. If you are taking a loan of Rs. 15,00,000 for fixed rate tenure period of 3 years at the rate of interest of 11.00%, your EMI per month will be Rs. 49,108. For more details on the monthly EMIs, total interest outgo and total amount for each year, refer the below-given table:

Table for EMI per month, Total Interest Outgo and Total Amount

Amortization Table

YearPrincipal (in Rs.)Interest (in Rs.)Balance Amount (in Rs.)
14,46,354 – 4,41,6171,42,942 - 1,56,23510,53,646 - 10,58,383
24,98,007 - 4,97,62691,289 – 1,00,2265,55,639 – 5,60,757
35,56,085 – 5,61,25033,660 - 37,114

Indiabulls Mortgage Loan Interest Rate

Indiabulls loan against property for commercial property purchase is available in both variable rate as well as fixed/floating rate of interest.

Indiabulls Loan Against Property/Commercial Property Purchase Variable Rates

Loan AmountVariable Rates %
Up to and including Rs. 5 Crores11.00% to 13.50%
More than Rs. 5 Crores

13.00% to 14.50%

Indiabulls Loan Against Property/Commercial Property Purchase Fixed/Floating

Loan AmountFixed Rate TenureRates%
Up to and including Rs. 5 Crores
Up to 3 Years11.00% to 12.00%

Indiabulls Customer Care Number

For any query related to Indiabulls mortgage loan or any other loan, you can contact the 24X7 customer care on the following details:

Helpline Number: 0124-4572444

Timing: 9:00 A.M to 6:00 P.M (Monday to Friday excluding trading holidays)