Indiabulls 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

Interest Rate10.50% Onwards
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

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.

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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

Amount (in Rs.)Rate of Interest (p.a)Loan Tenure (in years)EMI (in Rs.)Total Interest Outgo (in Rs.)Total Amount (Principal + Interest) (in Rs.)
15,00,00011% - 12%11,32,572 - 1,33,27390,870 - 99,27815,90,870 – 15,99,278
15,00,00011% - 12%269,912 – 70,6101,77,882 - 1,94,64516,77,882 - 16,94,645
15,00,00011% - 12%349,108 - 49,8212,67,891 - 2,93,57317,67,891 – 17,93,573

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%
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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)

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Personal Loan Interest Rates September 2023
Fullerton India12.00% - 24.00%
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates September 2023
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.85% - 9.40%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%