Indiabulls Home Loan

Designed specifically to cater to the customized needs of its home loan applicants, Indiabulls Home Loan is one of the best NBFCs in India. It provides home loans at an attractive interest rate starting from 9.30% p.a. and a processing fee of 0.50% of the loan amount. Customers can avail of home loans up to a maximum of Rs. 10 crores for up to 30 years. 

Indiabulls Home Loan EMI Calculator

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1 Lac10 cr

Break up of Total Payment

Your monthly EMI is

Total Amount Payable

  • Principal Amount

  • Total Interest

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Indiabulls Home Loan Highlights

Get the lowest interest rates with Indiabulls Home Loan

Loan Amount Up to Rs. 10 crore
Rate of Interest 9.30% p.a. onwards
Processing Fee

0.50% of the loan amount

Maximum Tenure for Repayment 30 years
Penal Rate of Interest
Rate Packages Fixed/ Floater
Charges for Prepayment/Foreclosure

Indiabulls Home Loan Interest Rates in 2024

The rate of interest offered by a bank/NBFC on a home loan is one of the key criteria most applicants consider. Indiabulls home loan interest rate starts at 9.30% p.a. for salaried and self-employed applicants.

The table below details the interest rates in 2024 for Indiabulls Home Loan for varied categories of applicants:

Loan Slab Interest Rate for Home Loan
Salaried 9.30% p.a. onwards 
Self-employed 9.30% p.a. onwards 

Interest rates were last updated on 30th April 2024

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Indiabulls Home Loan Eligibility Criteria

Every person applying for a home loan facility with a bank or NBFC is required to meet certain eligibility requirements first. The table below highlights the key Indiabulls Home Loan eligibility criteria for its loan applicants: 

Eligibility Parameters For Salaried Individuals For Self-Employed Individuals
Age Range (in years) 21 years - 65 years 21 years - 65 years
Nationality Indian Resident Indian Resident
Minimum Income Earned Rs. 15,000 NA

Indiabulls Home Loan Processing Fee and Charges

As stated earlier, Indiabulls Home Loan processing fee starts at 0.50% of the loan amount. This fee is charged by the NBFC to help recover the expenses incurred on home loan application processing. Some of the other fees to cover home loan operational costs are shared in the table below:

Processing Fee

0.50% of the loan amount onwards

Transaction-handling fees in case of resale home loans/balance transfer Rs. 1,500 + GST applicable
Late payment charges

24% p.a. of outstanding EMI

Property swap charges

Rs. 10,000

Foreclosure statement charges

Rs. 500 (nil in case request is made only once in a quarter)

Penal charges

24% p.a. in case of payment defaults

Retrieval charges

Rs. 750

Registration charges


Complaint-handling charges


Loan agreement stamping charges

As per actuals, subject to state laws

Retrieval charges for original property documents

Rs. 5,000 + applicable taxes

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Indiabulls Home Loan Schemes and Top Plans

Some of the top varieties of home loan options offered by Indiabulls Home Loan are listed below for your reference:

Instant Home Loans

  • Special home loan scheme offered by the NBFC
  • Designed specifically to meet personalized applicant requirements

Home Renovation Loan

  • Requested for renovating or upgrading the existing residential property
  • Offered for a maximum duration of up to 15 years

Home Loan for NRIs

  • Offered to enable NRI applicants to buy or construct homes in their native country
  • Maximum duration of loan up to 15 years 

Pradhan Mantri Awas Yojana (PMAY Scheme)

  • Credit-linked subsidy scheme launched by the Central Government of India to enable ‘housing for all’
  • Specifically designed for economically weaker sections of the society as well as MIG-I and MIG-II categories 
  • Scheme offered to enable construction/upgrade/buying/home extension

Home Loan Balance Transfer

  • Facilitates easy transfer of existing home loan from another bank/NBFC to Indiabulls Home Loan
  • Comparatively lower rates of interest and other benefits offered
  • Better customer service assured  

Rural Home Loan

  • Introduced to make home loans easily affordable to all 
  • Particularly designed for rural or semi-urban areas of society

Note: All of the above home loan plans are made available to applicants solely at the discretion of Indiabulls Home Loan, taking into consideration the earning and repayment capacity of the applicant.

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Documents Required For Indiabulls Home Loan

Every bank or NBFC demands its home loan applicants to submit a set of specific documents at the time of raising the request for a loan application. Given below is the complete list of Indiabulls home loan documents required for home loan applications.

Documents Required for Salaried Applicants

Proof of Income
  • Form 16 
  • Salary slip 
  • Bank statement 
Other Required Documents
  • Duly-filled application form 
  • Recent passport-size photographs
  • Cheque for processing fee charges 
  • KYC documents, such as date of birth, signature, proof of name, ID proof, and address

Documents Required for Self-Employed Applicants

Proof of Income
  • ITR for previous 3 years
  • Profit & Loss and Balance Sheets for last 3 years
  • Bank statements for last 6 months
Other Required Documents
  • Duly filled application form 
  • Latest passport-size photographs
  • Processing fee cheque in favor of Indiabulls
  • Address and identity proofs

Common Documents Required from Both Salaried and Self-Employed Applicants

Type of Document Documents Required
Identity & Address Proof
  • Valid DL
  • Aadhar card
  • Passport
  • Voter’s ID
Documents Related to Property
  • Sale Deed
  • Letter of Allotment
  • Occupancy Certificate
  • Receipts of payment to builder
  • Copy of approved plan
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How to Apply for an Indiabulls Home Loan?

The best and the most convenient way of applying for an Indiabulls home loan is online which can be done by following the steps below:

Apply for Indiabulls Home Loan Online through the BASIC Home Loan portal:

  • Go to the official website of BASIC Home Loan and click on ‘APPLY NOW’.
  • Enter your name and other details.
  • Submit the form.
  • The BASIC Home Loan team will contact you for help in applying for an Indiabulls home loan.

Find Indiabulls Home Loan Offices Near You

Indiabulls Home Loan operates pan-India, meaning that you will find no difficulty in locating an office of the NBFC near you. Alternatively, you can seek assistance from the BASIC Home Loan team in applying for a home loan with the NBFC.


Interest rates and fees on home loans vary based on eligibility and lender criteria. All applicable fees and charges are subject to relevant taxes and can change at the lender’s discretion. For the most current information on home loan interest rates, processing fees, other applicable charges, and updates on eligibility criteria and loan offers, please visit the official website of the bank.


You can check your Indiabulls home loan status by visiting the official website or inquiring the same by visiting the nearest branch office of Indiabulls.

The average time taken for the part payment to reflect is 4 working days. However, it is likely to be reflected in your loan account after the credit has been received by Indiabulls.

NRIs are required to submit a set of documents to Indiabulls to avail of a home loan facility. Upon submission, the NBFC will process the home loan application and grant the loan amount, if the request is duly approved. 

Indiabulls determines the eligible home loan amount based on a few factors outlined below:

  • Net income per month
  • Value of the property
  • Repayment ability
  • Loan to Value (LTV)
  • Age of the applicant

The rate of interest on home loans offered by the NBFC is subject to variation from time to time and is generally computed based on the amount offered as a home loan to the applicants.

A credit score of 750 or higher is generally considered by the NBFC to be eligible for applying for a home loan.