IndiaBulls Home Loan Interest Rate

Headquartered in Gurugram, the IndiaBulls Group is an Indian conglomerate dealing mainly in housing finance, real estate, and consumer finance. IndiaBulls home loan interest rate beginning at 9.30% per annum has made it quite affordable for many aspiring home buyers to buy their dream abode. The NBFC offers a maximum repayment tenure of up to 30 years on home loans. The applicant has a choice to choose a floater or fixed IndiaBulls Housing Finance home loan interest rate and they are charged a processing fee of up to 0.50% of the loan amount for the same. 

 

IndiaBulls Home Loan EMI Calculator

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Total Amount Payable

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  • Total Interest

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IndiaBulls Home Loan Key Highlights

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

0.50% of the loan amount

Max Tenure for Loan Repayment 30 years

IndiaBulls Home Loan Interest Rates in 2024

Offering easy housing loans to salaried and self-employed applicants across the country, IndiaBulls has emerged as the first choice for customers looking for competitive interest rates and easy loan conditions. IndiaBulls home loan interest rate depend on factors like tenure, loan amount, and the type of property.  

Feel free to understand the latest IndiaBulls home loan interest rate 2024 through the tables below:

 

Loan Category Rate of Interest on Home Loan
Salaried Applicants 9.30% per annum onwards 
Self-Employed Applicants 9.30% per annum onwards 
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Standard Home Loan Rates of Interest for Salaried and Self-Employed Applicants

Repo Linked Lending Rate (RLLR)

Loan Category Rate of Interest on Home Loan (p.a.)
All Loan 9.30% per annum onwards 
All Loans 8.50% p.a. onwards 

IndiaBulls Instant Home Loan Interest Rates

Loan Slab Rate of Interest on Home Loan (p.a.)
All Loans 9.30% per annum onwards 

Top-Up Loans Interest Rates

Loan Category Rate of Interest on Home Loan (p.a.)
Top-Up for Existing Customers 9.30% per annum onwards 

Interest rates were last updated on 8th May 2024

IndiaBulls Home Loan Interest Rates for All Schemes in India

IndiaBulls Housing Finance understands that there are people who wish to buy a home, while some just want to renovate an existing home or construct a home on a plot. So, keeping all these varied needs of the consumers in mind, it offers different IndiaBulls home loan schemes mentioned below:

IndiaBulls Home Finance Home Loan Schemes Rates of Interest for Each Plan
Instant Home Loans

9.30% per annum onwards

 
Home Renovation Loan

9.30% per annum onwards

 
Home Loan for NRIs

9.30% per annum onwards

 
Pradhan Mantri Awas Yojana (PMAY Scheme)

9.30% per annum onwards

 
Home Loan Balance Transfer

9.30% per annum onwards

 
Rural Home Loan

9.30% per annum onwards

 

IndiaBulls Home Loan Interest Rates for Balance Transfer, Top Up and Overdraft

Home loan customers can enjoy three additional financial facilities with an IndiaBulls housing loan and they are described below for your understanding:

IndiaBulls Home Finance Home Loan Balance Transfer

No need to pay higher EMIs for a home loan at a higher rate of interest at any other bank or NBFC. You can easily shift your outstanding loan amount to IndiaBulls through the Balance Transfer Home Loan Scheme. The interest rate for the IndiaBulls Home Finance balance transfer housing loan starts at 9.30% per annum.

IndiaBulls Home Finance Home Loan Top-Up

How about getting some additional funds to meet your financial liabilities personally and professionally without applying for a fresh loan? You can do so with IndiaBulls Top Up Home Loan schemes which offer finances on top of your home loan amount. The IndiaBulls Home Finance home loan top-up interest rate begins at 9.30% per annum.

IndiaBulls Home Finance Home Loan Overdraft Option

The IndiaBulls overdraft facility is a convenient home loan facility to get more money for financial needs other than the loan amount. The IndiaBulls overdraft facility begins at 9.30% per annum and can be enjoyed equally by salaried and self-employed customers.

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Compare IndiaBulls Home Loan Interest Rate with Top Banks

IndiaBulls Home Finance Ltd. is known for offering reasonable and hassle-free home loans, but if you still have any doubts about your selection, then we suggest you undergo some comparison. With this aim in mind, we are now highlighting the interest rates and processing fees of 5 competing NBFCs and banks to help you make an informed decision: 

Bank/NBFC Rate of Interest on Home Loan Processing Fee
IndiaBulls Home Finance 9.30% p.a. onwards 0.50% of the loan amount
Axis Bank 9.00% p.a. - 14.00% p.a. Up to 1% of the total loan amount + GST (Minimum of Rs. 10,000)
YES Bank 9.00% p.a. - 14.00% p.a. Up to 1% of the total loan amount + GST (Minimum of Rs. 10,000)
YES Bank 9.40% p.a. onwards Up to 1.50% of the loan amount or Rs. 10,000 (whichever is higher) + GST
Shubham Housing Finance 9.90% p.a. onwards Up to 2.00% of the loan amount
India Shelter Housing Finance 10.50% p.a. onwards Up to 2.5% of the loan amount excluding GST
Motilal Oswal Housing Finance 11.75% p.a. onwards Up to Rs. 5,000

IndiaBulls Home Loan Balance Transfer Interest Rates

IndiaBulls Home Loan Balance Transfer is a fantastic scheme offered by the NBFC to help existing home loan customers transfer their outstanding loan amount to IndiaBulls from another lender. They can do so to enjoy a better rate of interest and additional benefits offered by IndiaBulls.

IndiaBulls Home Finance Balance Transfer interest rate starts at 9.30% per annum. But, remember it may vary at the discretion of the NBFC. Anytime during an existing home loan with another lender, you can make a shift to IndiaBulls Home Loans through the balance transfer plan in the following manner: 

  1. First of all, visit the BASIC Home Loan website and access the Repay Right section
  2. Enter the required details in the form displayed on the screen
  3. Your next step is to click ‘Next’ to proceed to the next page
  4. Up next, you will be able to check  the savings you make with the IndiaBulls Home Finance Home Loan Balance Transfer option 
  5. Another easier option is to approach the BASIC Home Loan team for help in applying for an IndiaBulls housing loan

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How to Calculate IndiaBulls Home Loan Interest Rates?

Calculating the home loan interest rate is one critical element of the home loan journey that can be made easy by using the online EMI calculator tool available at the BASIC Home Loan website - EMI. The table displayed below will give you an idea of monthly EMI installments for 10 to 30 years tenures:

IndiaBulls Home Finance Home Loan EMI Calculator 2024

Loan Amount Rate of Interest EMI for 10-Year Loan Tenure EMI for 20-Year Loan Tenure EMI for 30-Year Loan Tenure
Rs. 10 lakh 9.30% p.a. Rs. 12,831 Rs. 9,191 Rs. 8,263
Rs. 20 lakh 9.30% p.a. Rs. 25,661 Rs. 18,382 Rs. 16,526
Rs. 30 lakh 9.30% p.a. Rs. 38,492 Rs. 27,573 Rs. 24,789
Rs. 40 lakh 9.30% p.a. Rs. 51,322 Rs. 36,764 Rs. 33,052
Rs. 50 lakh 9.30% p.a. Rs. 64,153 Rs. 45,955 Rs. 41,315
Rs. 60 lakh 9.30% p.a. Rs. 76,983 Rs. 55,147 Rs. 49,578
Rs. 70 lakh 9.30% p.a. Rs. 89,814 Rs. 64,338 Rs. 57,841
Rs. 80 lakh 9.30% p.a. Rs. 1,02,644 Rs. 73,529 Rs. 66,104
Rs. 90 lakh 9.30% p.a. Rs. 1,15,475 Rs. 82,720 Rs. 74,367
Rs. 1 crore 9.30% p.a. Rs. 1,28,305 Rs. 91,911 Rs. 82,630
Disclaimer:

You just got an idea of EMI payable at an interest rate of 9.30% p.a. offered by IndiaBulls Home Finance. Remember these figures will change depending on the change in the rate of interest, tenure, and other factors of a particular lender.

FAQ's

IndiaBulls home loan interest rate may change from time to time as per the market conditions and the RBI’s Repo Rate. 

To calculate the rate of interest for home loans, IndiaBulls may consider the loan amount, tenure, credit score, and property type of the applicant. 

The minimum and maximum loan amount offered by IndiaBulls Home Loans is Rs. 2 lakhs and Rs. 10 crores, respectively. 

Yes, applicants can apply for IndiaBulls home loans at a fixed interest rate.

Yes, applicants can check their home loan eligibility before applying with IndiaBulls online through the official website of the NBFC or the eligibility calculator at the BASIC Home Loan official website.