Indiabulls Home Loan

Indiabulls started in the middle of 1999 as a brokerage service house and moved towards online internet brokerage services in 2000. After launching its IPO, the company started its financing services with consumer loans. The company provides home loan with the USP of disbursing loans within 48 hours.

Interest Rates

Charges

Charges have not been disclosed on the website.

Flexibility

• Eligibility: Eligibility will be decided on the basis of financial stability of the customer.

• Amount: Up to 80% of the cost of property can be funded on basis of repayment capacity of the customer.

• Tenure: Tenure can be stretched up to a maximum of 20 years, and restricted to age of retirement of the applicant.

• Time taken for processing: The time taken by Indiabulls to process loans is less as per the industry standards, but documentation is hassled.

• Special options:

1. Approval of loan, even if, property is yet to be selected.
2. Special rates would be offered to corporate clients.
3. Online access of loan account will be given.

Example

Other Details

• Pre Sales Information: Pre-sales information is not detailed on the website of the company. Important information, such as, interest rates, and other processing charges have not been disclosed. Apart from this, other important information such as eligibility criteria has also not been dealt with detail.

• Customer Support: The website contains adequate contact information. However, the company does not fare well on the customer support front. There are various complaints registered against it, which talk about sales staff not replying to inquiries of customers. Also, some complaints deal with bogus cheque bounce cases.

Documents Required

Ratings