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Indiabulls Finance Loan Against Property
With Indiabulls Finance loan Against Property any salaried or self-employed individual can get Loans up to 70% of the property value with an interest rate of upto 13%.
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Indiabulls Finance Loan Against Property
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Indiabulls Finance Loan Against PropertyHere are a few factors
| Location | 70Km from Branch |
| CIBIL Score | 675+ |
| Applicant | Any Self Employed |
| Applicant Age | 21 Year to 65 Year |
| Loan Amount & Tenure | 20
Lac to 10 Cr ( 5 Year to 15 Year) |
| Login Fees | 2950 |
| Rate of Interest & Type | 9.50%-13% (Reducing) |
| TAT | 7 days |
| Processing Fees | 1%-1.50% |
| Foreclosure Charges | Upto 4% |
| Insurance | 1%-4% |
| Minimum Business Vintage | 3 Year |
| Lock In Period | 12 Month |
| Part Payment Allowed | No |
| LTV | (i)
Residential-75% (ii) Commercial-70% (iii) Industrial-70% (iv) Plot-60% (v)
Hotel & Restaurent-50% (vi) if residential property is rented/vacant then LTV will be 5% lower (vii) If Commercial/Industrial Property Purchase/vacant/rented then LTV will be 5% lower (viii) Nursing Home (25 Bed+) 50% (ix) School (100+Students)-50% |
| Product | (i) Fresh Loan (ii) BT+Topup (iii) Commercial & Industrial Purchase (iv) Lease Rental Discounting |
| Program | (i)
Banking Program-5 Cr (ii) GST Product-5 Cr (iii) Income Program-10 CR (iv) LIP Product-3 Cr (v) Without ITR-35 Lac (Tenure 7 Year, ROI 12% onwards) |
| FOIR | 100% FOIR on Cash Profit |
| Cautious Profile | No Cautious Profile |
| Negative Profile | (i) Politician (ii) Share Traders (iii) NBFC (iv) Applicant living in dominated area (v) Real Estate (vi) Salaried Applicant |
| Funded Property | (i)
Residential Property (ii) Commercial Property (iii) Multi Tenanted Unit upto
3 (iv) Mall Property if Occupancy>50% (v) Commercial Complex (vi) Regularized Colony |
| Negative Property | (i)
Industrial Property (ii) Any type of Plot (iii) Vacant Residential or
Commercial Property (iv) Hotel & Restaurant (v) School (vi) Hospital & Nursing Home (vii) PG Property (viii) Banquet Hall & Marriage Hall (ix) Lease hold Property without PTM (x)Stand Alone Basement (xi) Auction Property (xii) Demolition List Property (xiii) Lal Dora Property (xiv) PG Property (xv) Khasra & Khatauni Property (xvi) GPA Property (xvii) Gift Deed Property (xviii) Single Sale Deed Property (xix)Without MAP Property (xx) Unapproved Freehold Property (xxi) Legal & technical not clear(xxii) Stone Slab Property (xxiii) Farm House (xxiv) Godown & Warehouse |
| Accepted Collateral | Other than Negative Property |
| Specific Property wise Funding Limit | No |
| Any Specific Product for Professionals | No |
| USP | Structuring of Income for better eligibility |
Indiabulls Finance Loan Against Property EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 9 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,745 |
| Total Interest | ₹ 4,942 |
| Loan Amount + Interest | ₹ 104,942 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,165 | ₹ 2,070 | ₹ 26,235 | ₹ 75,835 | 24.16 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,832 | ₹ 2,873 | ₹ 78,705 | ₹ 3 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for Indiabulls Finance Loan Against Property
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
About Indiabulls Finance Loan Against Property
The National Housing Bank has DMI Housing Financing Private Limited listed as a registered housing finance
firm (NHB). Particularly for individuals in the lower income and economically underdeveloped groups, they
provide hassle-free, straightforward house loans. Their loans can be used to buy apartments and build plots,
renovate existing houses, add on to them, or give salaried and self-employed people secured loans against
their properties.
DMI allows self-employed people to keep their property or house as collateral for taking a loan for their
personal or business needs. Thus, the individual can use this loan to expand their business by keeping their
property as collateral. This way, a property that may not be coming under use can be used to get a loan.
Advantages of Indiabulls Finance Loan Against Property
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They provide loans against both commercial and residential properties
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They offer longer loan repayment tenures than usual.
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The applicant will be getting up to 70% of the property's market value.
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After six months of taking the loan, the applicant makes the prepayments of the EMIs
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They offer an attractive rate of interest
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The loan disbursal process is quick and hassle-free
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
Yes, Indiabulls Finance allows loans transfer from some other banks at lower interest rates.
No, submitting income proof is mandatory for Indiabulls Finance Loan Against Property as it proves how you can pay off the loan EMIs.
No, there are no charges for partial payments of the loan EMIs.
They usually take one day to one week to process the Indiabulls Finance Loan Against Property.
No, there are no charges for foreclosing the loan.
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