To construct a house on the land which you have purchased a while ago take help from Indiabulls home loan. Using the loan amount, you can get the work of your home construction started at an attractive rate of interest. Indiabulls charges interest rates from 8.99% per annum on home loans. Read the given article to know about the features of the home loan along with its benefits.
How much do Indiabulls finance for your house? You can finance up to 75% to 90% of the construction cost with Indiabulls. And the Indiabulls home loan interest rate based on the user income and credit history. So, if your income doesn’t meet the loan eligibility criteria, then in this situation you could add a co-applicant. Because an earning co-applicant increases your Indiabulls home loan eligibility, and it will help you get the desired interest rate. Fixed or floating what should I choose? You get two options for your Indiabulls home loan interest rate. And it helps you manage the payment of the interest rate on the loan amount. It is your decision whether you want a fixed interest rate during the tenure or a floating. Because in a floating interest rate the EMI would change with MCLR. And you can enjoy the benefit of lower EMIs on Indiabulls home loan. Calculate My EMI for Indiabulls home loan! You can get an approximate idea of your home loan EMIs with the Indiabulls online calculator. Using the online tool of the Indiabulls, you can choose a suitable duration for home construction. But how do I use the online tool? Just enter your details of the loan such as interest rate, principal amount and duration of its payment. Suppose, you have borrowed INR 60 lakh at an interest rate of 10.22% per annum for 15 years at a fixed rate, your EMI would be INR 65,286 according to the Indiabulls home loan calculator. Apply for Indiabulls home loan from your Mobile! Yes, you can apply for the loan using the mobile app of Indiabulls. Just download the app on your smartphone and get your loan application digitally approved with no paperwork. Enter the details of your loan such as name. Mobile number and other KYC proof for the Indiabulls home loan application process. Once your application is submitted, you need to pay a processing charge for it that is 2% of your loan. It means if you apply to borrow INR 50 lakh the fee would be INR 1 lakh. After the disbursal of the loan amount, you can pay the loan in EMI by choosing a tenure from 30 years. Choose the loan tenure according to your payment compatibility because otherwise, it seems like a burden on your income. You can pay EMI of the Indiabulls home loan using ECS and PDCs service. The one who keeps it simple with online payment can choose ECS, in which the EMI is debited from your bank account before the due date automatically. Or you can submit the post-dated cheques to Indiabulls of the EMI amount. Now, do you ever think that getting a home loan could be that easy, then start to believe because Indiabulls build a better home to live in with the lowest EMI and attractive interest rate.
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Anika Sharma
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