Details of Indiabulls Loan Against Property

Apply Personal Loan Online

Upto 40 Lacs* @ 10.99%* P.A

Enter Your Monthly Salary!

Salary should be Minimum Rs.15,000!

Salary should be Maximum Rs.10 Crore!

Enter Your Turnover!

Minimum Turnover Should Be Rs. 3Lakhs!

Your Turnover Limit Exceeded!

Enter Loan amount!

Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs. 75 Lakhs!

Please Enter Your Company Name

Please Enter Valid Company Name

Please Enter PAN Card No

Please Enter Valid PAN Detail

Proceed

Please Enter Your Name !

Please Enter Valid Name !

Name Must Contain Only Alphabets !

Please Enter Your Email Id

Please Enter Valid Email Id

Please Enter Your Mobile No.

Please Enter Valid Mobile No.

Invalid Mobile No.

Please Enter Your City Name

Please Enter Valid City Name

I have read and agree to the Terms of Use. By clicking on 'Proceed' I authorise FreEMI and its representative to call me or SMS me overriding my registry on DNC/NDNC. [/acceptance]

Indiabulls Loan Against Property support its customers to start a new business venture or expand his business by providing them loan against his asset which is his residential/commercial property.

To help you concentrate on your business without feeling the burden of working capital, the loan against property helps to leverage the value of your commercial or residential property. Indiabulls Loan Against Property provides maximum capital against the market value of your property.

Objective of Loan Against Property

 

  1. Child’s education
  2. Purchasing machinery for the business
  3. Expanding the business
  4. Buying any property as an asset
  5. Debt consolidation
  6. To lower the current loan interest rate

 

Features of Indiabulls Loan Against Property

 

  • This loan is available for small and mid-sized business, self-employed professionals, partnership firm, privately and closely held companies.
  • The loan can be up to 70% of the market value of the property.
  • This interest rates of this loan are quite feasible.
  • For the non-individual floating rate loans, the prepayment fees are charged. It is not applicable for individual floating rate loans.
  • For the floating interest rate loans, you can switch the rate of interest on the loan against property. The switch fee which you have to pay is the 50% of the differences in the interest rates which can be maximum of 2%.

 

 

Eligibility

 

  1. Minimum age must be 21 years and maximum age must be 65 years at the time of the loan maturity.
  2. Applicant must possess the required repaying capacity for paying the EMIs and other related charges.
  3. The applicant must have clearance proof of the mortgaged property.

 

Documents Required

 

  • ID Proof

PAN card, AADHAR card, Passport, Driving License.

Non-individual need to have any of the following documents-

Educational documents of the professional, Trade License Certificate, SSI registration certificate, Sales Tax, Partnership deed (in case of a firm), Export-Import code Certificate.

 

  • Address Proof

Passport, Driving License, Voter ID card, Rent Agreement, Property Sale Deed, Latest 3 months utility bills.

 

  • Income Proof

Bank Statement of last 6 months, Last 3 year’s audited financials for proposals more than Rs. 2 crores, Income Tax return of the last 2 years

 

  • Age Proof

Passport, Birth certificate, Domicile certificate, PAN card, SLC.

 

Interest Rates of Indiabulls Loan Against Property

Loan Against Property Variable Interest Rates
Amount of LoanVariable Interest Rate (%)
Up to Rs. 5 crore10.75% to 13.25%
Above Rs. 5 crore11.75% to 13.75%
Loan against Property Fixed and Floating Rates
Amount of LoanFixed Rate TenureInterest Rates (%)
Up to Rs. 5 croresUp to 2 years11.25% to 13.50%
Greater than Rs. 5 crores and less than Rs. 10 croreUp to 2 years12.00% to 13.75%

Applicable Fees and Charges

Late Payment Charges24% p.a on the outstanding EMI
Processing FeeAgainst Commercial property- 1.5% of the loan amount.
Against Residential property- 1% of the loan amount
Charges for amortization scheduleRs. 200
PDC or ECS amortization scheduleRs. 750
Database Admin FeeRs. 650 (including service tax)

Enter Loan amount!

Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs. 75 Lakhs!

Proceed

Enter Your Monthly Salary!

Salary should be Minimum Rs.15,000!

Salary should be Maximum Rs.10 Crore!

Enter Your Turnover!

Minimum Turnover Should Be Rs. 3Lakhs!

Your Turnover Limit Exceeded!

Proceed
Back

Please Enter Your Company Name

Please Enter Valid Company Name

Please Enter Your City Name

Please Enter Valid City Name

Proceed
Back

Please Enter PAN Card No

Please Enter Valid PAN Detail

Proceed
Back

Please Enter Your Name !

Please Enter Valid Name !

Name Must Contain Only Alphabets !

Please Enter Your Email Id

Please Enter Valid Email Id

Please Enter Your Mobile No.

Please Enter Valid Mobile No.

Invalid Mobile No.

Please Accept Terms of Use !

Back

Top