Indiabulls Housing Finance - Home Loan - Self Employed-Business

8.4% Interest Rate
1% Processing Fees
5 - 15Years Tenure

Attractive interest rates

Loan Amount Starts from 2 Lakhs to 3 Crores

Quick & transparent processing

No pre-closure and pre-payement charges required.

Attractive balance transfer option available

Age: min 23 years to max 65 years at the end of loan tenure

Eligible property: new house in approved projects, resale flats, construction of own house on a plot, balance transfer of existing home loan

For Self-Employed individuals: it is calculated on the last 2 years' ITR

Regular & sound banking habits

Minimum residence stability of 2 years

Minimum employment stability of 3 years

Credit reference: the applicant should have a sound credit history

KYC documents: identity proof, residence address proof, age proof, latest photograph, signature verification, proof of contact ability, proof of experience, proof of stability residence

Banking statements: latest 6 months' processing fee cheque;

New home loan in an approved project: copy of the allotment letter / buyer agreement receipt/(s) of payment/(s) made to the developer

Loan for resale home: draft copy of sale agreement (in case of purchase transaction). Property sale agreement along with entire previous chain of sale agreements receipt/(s) of initial payment/(s) made to the seller. Share certificate, occupancy certificate / approved plan copy

For balance transfer: a letter on the letter head of the existing lender, stating the list of property documents held by them. Latest outstanding balance letter from existing financial institution on their letter head. Photocopy of the property documents (including own contribution proof)

Loan for constructing your own home: title deeds of the plot; proof of no encumbrances on the property; copy of the plans approved by the local authorities; construction estimate by an architect / civil engineer

Additional documents

For self-employed professional: education qualification certificate; business stability proof / ownership proof; income tax returns with computation of income for last 3 years; last 3 years' CA certified / audited balance sheet and profit & loss account

For self-employed non-professional: education qualification certificate; income tax returns with computation of income for last 3 years; last 3 years' CA certified / audited balance sheet and profit & loss account; business stability proof / ownership proof

Pre closure charges: Nil

Processing fees: depending on the profile of customer and nature of property, the processing fees can be between Rs. 7,000 or 0.50% + ST.

Foreclosure: nil after 3 months