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
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 | |
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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 |
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,
- 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.
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.
Particulars | Charges |
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Processing fees | Up to 2% of loan amount |
Prepayment charges for individuals | For floating rate loans: Nil
|
Prepayment charges for non-individuals | For floating rate loans and dual rate loans:
|
Retrieval charges for copies of loan /property document in IB custody |
|
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- |
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.
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.