INDIABULLS HOUSING FINANCE LTD

Loan Against Property


YOU HAVE EXTRA PROPERTY THEN YOU ARE FREE FROM BURDEN OF HIGH RATE OF interest
Indiabulls Housing Finance Limited understands how difficult it is to choose between your aspirations to become successful entrepreneur & your personal priorities.
Indiabulls Loan Against Property will take care of your financial needs while you can concentrate on your business plan. Indiabulls Loan Against Property will guide you to understand the hidden value of your residential or commercial property so that your small or medium sized enterprise need not feel the crunch of working capital.
Indiabulls Loan Against Property can also help you to fund your other working capital needs such as business expansion.
This loan can be as high as 65% of the market value of your property and is available to Small to mid-sized businesses, Partnership firms and Private Ltd or closely held companies. A
]DVANTAGE-This gives following advantages
• Person can generate funds by unlocking the property value along with the benefit of staying in his home
• Can satisfy his need for immediate personal expenses like: New Business funding or Business Expansion etc.
• Indiabulls LAP has reasonable interest rates to accommodate your emergencies

Fees & charge
LProcessing Fees 1.0% of Loan Amount against residential property
1.5% of Loan Amount against non-residential porperty
Legal Opinion Charges, SRO Search Charges,
ROC Search Charges, Non-Encumbrance
Certificate from SRO charges
NIL, included in the Processing fee
Transaction Handling charges in Balance Transfer / Resale Commercial Property Loans NIL
Technical Valuation charges NIL, included in the Processing fee
PDC / ECS Dishonour Charges Rs. 750/- (Non Home Plans) Nil
Late Payment Charges 24% per Annum of Outstanding EMI
PDC/ECS Swapping charges NIL
Retrieval charges for Copies of loan /
property document in IB custody
Emailing of Scan Copies: NIL Physical copies with IB attestation: Rs 500/-
Charges for Statement Of Account / Amortization Schedule Rs.200/-
Registration Charges for Borrowers’ECS Mandate (loan repayment) NIL
Income Tax Certificate in Home Loans NIL
Charges for Certified True Copies of Title
Deeds from SRO, if applicable.
As per Actual
Stamping charges of loan Agreement Actual, subject to state laws-where fixed
charges irrespective ofloan 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 Home Loans 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. 5000/-
Database Admin Fee Rs 650/- (inclusive of service tax)

All applicable fees & charges are subject to levy of Service Tax + surcharge, if payable, is to be paid in addition to the fees/charges.
Home Loans (including plot purchase loans):
Wef : 10th Aug 2012
Floating Rate Loans AND Fixed n Floating (Dual Rate) Loans -
• All existing borrowers have an option to change the existing applicable spread to the prevailing applicable spread.
• In case of a fully disbursed loan, the switch fee payable to avail the conversion shall be 0.5% on the principal outstanding (POS).
• In case of a partly disbursed loan, the switch fee payable to avail the conversion shall be 0.5% on the principal outstanding (POS) only. There will be no switch fee payable on the undisbursed loan amount out of the total contracted loan.
• Where the total loan amount contracted is less than or equal to Rs 25 lacs, the switch fee payable shall be capped to a maximum of Rs 5000/-.
• Borrowers have the option to reduce his EMI keeping the residual tenor unchanged OR keep his EMI unchanged and thereby reducing his residual tenor. He can also opt for changing both the EMI and tenor within the band to suit his convenience.
• The reset of spread will be effective from the first day of the following calendar month from the date of switch.
• The facility is available only to regular paying borrower with nil EMI/PEMI bouncing under normal banking of ECS/PDC in the preceding six months from the date of application for switch.
• Service Tax as applicable on Switch Fees.
The above fees/charges are subject to change without prior notice

Prepayment charge-Non-Home Loans ( Loan Against Property / Home Equity / Commercial Purchase / Top-Up):
• Nil pre-payment fees shall be payable for any partial pre-payments up to 25% of the principal outstanding (POS) inclusive of all partial pre-payments made within preceding 12 months.
• Where the partial pre-payment amount exceeds 25% of principal outstanding (POS), inclusive of all partial pre-payments made within preceding 12 months, then the amount prepaid in excess of 25% of POS will attract pre-payment fees as applicable.
• Foreclosure charges to apply on full loan amount in case of full pre-payment, inclusive of all partial pre-payments made within preceding 12 months.
• Prepayment fees applicable shall be 5% for the initial 2 years from the date of first disbursement and 3% then-after; unless specifically mentioned in the borrowers’ loan agreement.
• Services Tax as applicable on pre-payment fees.
The above fees/charges are subject to change without prior notice

Get Enquiry Here

CONTACT
9594111161 / 9967111161
ONLINE CONTACT
perfectsolution.helpdesk@gmail.com
ADDRESS
504, 5th Floor Suchita Business Park,
Raigad Chowk, Station Road, Ghatkopar (E), Mumbai 400 077
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