Professional Documents
Culture Documents
Hire Purchase
Hire Purchase
(80)
you carry all your original documents of whose copy you have
submitted along with the application.
Step 3 : Bank's Field Investigation
The next step is the field investigation done by the HFC or banks.
They sent their representatives to the existing residence of the
applicants or their offices for the validation of the documents
submitted. This is the essential part for the banks to establish the
trust
with
the
applicants.
if
there
is
change
in
the
benchmark
rate
of
IHFL. However, the EMI on the home loan disbursed will not
change*. If the interest rate increases, the interest component in
an EMI will increase and the principal component will reduce
resulting in an extension of term of the loan, and vice versa when
the interest rate decreases.
Purpose
Purchase of Flat, row house, bungalow from developers,
existing freehold properties,
properties in an existing co-operative housing society or
apartment owner's association
Construction of residential dwelling unit on a plot already
owned.
Purchase of residential plot and / or construction thereon
Extension of existing residential property (adding floors, new
rooms)
Renovation of existing residential property
Interest Rate
Variable rates
Loan Amount
Variable rates%
10.15% to 11.00%
11.00% to 12.00%
Fixed n floating
Loan Amount
Rates
lacs
10.15% to 11.00%
10.75% to 11.50%
Rs 5000
Rs 7500
Over Rs 25 Lacs
0.50% to 1.00%
Advantage
Home loans come with a dual advantage, tax benefits and rent
saving. Both these elements contribute towards EMI outflow.
Appreciation in the property value is an additional bonus. We
ensure that our customers get maximum benefits through their
home loans.
Here is a list of benefits that you can avail when you take an
Indiabulls home loan:
Approval of loan even if property is yet to be selected
Online access of Loan account
Funding available for NRI customers
Facility for funding for builders under construction and ready
properties
Experienced staff to provide doorstep services
Quick processing and disbursal of loans
Tax benefit
The income tax authorities offer certain benefits and exemptions
to individuals who have taken a housing loan from specified
financial institutions.
your
dream
house
and
provide
assistance
unmatched
advantages:
Documents Required
For a salaried person, the following documents are
required:
salaried
person,
the following
documents
are
required:
3 months salary slip
Last 6 months bank statements Form 16 of the last two
years
years
Balance
sheet,
profit
&
loss
account,
multiple
stories.
required:
Business profile
by CA.
Property Documents:
Photocopies of complete chain of legal documents of property.
Recovery/Possession/Repossession of
Property/Security
Repossession of property/security would be aimed at recovery of
overdues and not to deprive the borrower of property/security.
tenure
of
the
loan
is
also
dependent
on
the
Maximum Funding*
Up to Rs.75 lacs
INTEREST RATES
RPLR: 16.75%
Loan Slab
Any
Amount
Interest
Rates (% p.a.)*
Loan 10.15 to 10.65
RPLR
Minus
Spread
RPLR - (6.60 to
6.10)
Interest
RPLR Minus
Rates (%
Spread
p.a.)
and 10.50 to 11.00
RPLR - (6.25
to 5.75)
RPLR - (6.00
onwards
to 5.50)
Up
to
Loan Slab
Interest
Fixed
Year Be
The
Prevailing
to
p.a.)*
and 10.25 to 10.75
including Rs.
30 lacs
Rs.30.01
lacs to Rs.75
Of
Term (%
Up
Rate
10.50 to 11.00
lacs
Rs.75.01
10.50 to 11.00
lacs onwards
TruFixed Plus Loan 3 Year Fixed Rate Variant [Limited Period
Offer]
RPLR: 16.75%
Loan Slab
Interest
During
3 The
to
Applicable
Shall
Interest
Be
including Rs.30
lacs
Rs.30.01
to Rs.75 lacs
Rs.75.01
onwards
DOCUMENTS
The
Following are the documents you would need to submit for all
applicants
co-applicants
along
with
the
completed
and
Documents
1. Valid Passport
2. Voter ID Card
Proof
of
both
identity
3. Aadhaar Card
4. PAN Card with Allotment Letter
and residence (any For the complete list of KYC documents click
1)
here
1. PAN Card
2. Last 3 months' Salary Slips
3. Last
months'
Bank
Statements,
months'
Bank
Statements
HDFC Ltd.
1. Copy of the Allotment Letter / Buyer
Agreement
Property
related
documents
developer
REPAYMENT OPTIONS
Step Up Repayment Facility (SURF)
SURF offers an option where the repayment schedule is linked to
the expected growth in your income. You can avail a higher
amount of loan and pay lower EMIs in the initial years.
Subsequently, the repayment is accelerated proportionately with
the assumed increase in your income.
Flexible Loan Installments Plan (FLIP)
FLIP offers a customized solution to suit your repayment capacity
which is likely to alter during the term of the loan. The loan is
structured in such a way that the EMI is higher during the initial
years and subsequently decreases in proportion to the income.
Tranche Based EMI
If you purchase an under construction property you are generally
required to service only the interest on the loan amount drawn till
the final disbursement of the loan and pay EMIs thereafter. In case
you wish to start principal repayment immediately you may opt to