Indiabulls Loan Against Property (LAP)

  • Interest Rate 10.50% onwards
  • Loan-to-Value Ratio up to 70% of the property value
  • Loan Tenure up to 15 years
  • Processing Fees up to 2% of the loan amount + GST
Get Indiabulls Loan Against Property

Indiabulls Loan Against Property can be availed for up to a tenure of 15 years against the current market value of your property. Their interest rate starts at 10.50% per annum, and the loan can be availed against a residential or commercial property.

Indiabulls Loan Against Property (LAP) Summary
Interest Rate10.50% onwards
Loan-to-Value RatioUp to 70% of the property value
Loan TenureUp to 15 years
Processing FeesUp to 2% of the loan amount + GST

Note : The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.

Eligibility Criteria for Indiabulls Loan Against Property

To avail of an Indiabulls loan against property,

An Applicant must be:
  • a small/mid-sized business, self-employed professional, partnership firm or a private/closely held company.
  • between the ages of 18 and 65.

How much Indiabulls Mortgage loan can you avail?

Fill out a few basic details in the Fincity LAP Eligibility Calculator to find out.

Check Eligibility

Indiabulls Loan Against Property Interest Rate

Indiabulls LAP Interest Rate starts at 10.50% per annum but the actual rate available to borrowers depends on numerous factors such as the borrower’s income, repayment capacity, financial liabilities, loan amount, property value and type, loan amount and their credit score.

Note :The above rates are subject to change at the discretion of the banks without prior notice.

Indiabulls Processing Fee and Other Charges

Here’s a list of the processing charges a borrower can expect when they apply for a Indiabulls LAP.

ParticularsCharges
Processing fees

Up to 2% of loan amount 

Prepayment charges for individuals

For floating rate loans: Nil
For fixed and floating rate loans (dual rate loans): 

  • Nil for partial/ full prepayments irrespective of the source once the loan has been converted into Floating Interest Loan post the expiry of the Fixed Interest Rate period 
  • Nil for partial/ full prepayments during the Fixed Interest Rate period of the loan where the loan is pre-closed from own sources. However, for any such partial/ full prepayment from other than own sources during the Fixed Interest Rate period of the loan will attract prepayment fees of 5% of the amount prepaid for the initial 2 years from the date of first disbursement and 3% then-after of the amount prepaid unless specifically mentioned in the borrowers’ loan agreement 
Prepayment charges for non-individuals

For floating rate loans and dual rate loans: 

  • Nil for all payments up to 25% of the principal outstanding (POS) inclusive of all prepayments made within preceding 12 months 
  • Where prepayment amount exceeds 25% of principal outstanding (POS), inclusive of all prepayments made within preceding 12 months, then the amount prepaid in excess of 25% of POS will attract pre-payment fees as applicable 
  • Prepayment / foreclosure fees applicable on foreclosure payments inclusive of all prepayments made within preceding 12 months 
  • Prepayment / foreclosure fees of 5% applicable for the initial 2 years from the date of first disbursement and 3% then-after; unless specifically mentioned in the borrowers’ loan agreement 
Retrieval charges for copies of loan /property document in IB custody
  • Emailing of scanned copies: NIL
  • Physical copies with IB attestation: Rs.500 
Charges for statement of account / amortization schedule

Rs.200 

Charges for certified true copies of title deeds from SRO, if applicable.

As per actual 

Stamping charges of loan agreement

As per actual, subject to state laws- 
Where fixed charges irrespective of loan amount: provided by IB 
Where ad-valorem charges as a function of loan amount: to be procured by borrower directly 

Stamping charges of other legal documents like indemnity bond, legal undertakings, legal affidavits, personal guarantee bond, power of attorney for NRI borrowers etc.

As per actual, subject to state laws – to be procured by borrower directly 

Original property documents retrieval for specific activity like production at SRO or development authority (on borrower request)

Rs.5,000 

Database admin fee

Rs.650 (inclusive of service tax) 

Note :The above rates are subject to change at the discretion of the banks without prior notice.

Indiabulls Loan Against Property EMI Calculation

With LAP EMI Calculators at your fingertips, you can easily find out the EMI amount you will have to pay in case of each mortgage scheme you shortlist. Do a thorough round of research and comparison by using the Fincity Loan Against Property EMI Calculator before you zero in on one.

Calculate your Loan Against Property EMI

Documents Required for a Indiabulls Loan Against Property

Below is a list of documents required for a Mortgage Loan with Indiabulls.

  • Duly filled and signed Indiabulls loan against property application form 
  • Passport sized photographs of all applicants 
  • Processing fee cheque 
  • Property related documents 
  • Proof of name 
  • Proof of date of birth 
  • Proof of address 
  • Proof of signature 
  • Proof of identity 
  • Proof of residence ownership 
  • Income documents

Note : Required documents must be self-attested and may slightly differ.

Indiabulls Loan Against Property Scheme Benefits

With Indiabulls Loan Against Property, you have access to a long repayment tenure of up to 15 years. The loan processing is quick, and financing is available for up to 70% of property value.

Access unbiased assistance and find the best loan against property that suits your requirement to a tee - at no extra cost.

Connect with our expert loan advisors at lap@lfincity.com and find the lowest-rate loans instantly.

Get Indiabulls Loan Against Property (LAP) at Best Rates