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Indiabulls Home loan can help you raise capital to help your immediate needs. Several factors determine eligibility for a home loan, including monthly income, fixed monthly obligations, age, and retirement age.
Indiabulls Home Loan Eligibility Criteria
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Salaried Individuals |
Self-Employed Individuals |
Business / Company |
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Entitled Borrowers |
Government / Semi government / PSU / Private/MNCs/ Proprietorship/Partnership businesses |
Proprietor / Partners / Directors |
Partnership or Private Limited firms engaged in Manufacturing, Servicing, or Trading |
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Self Employed Professionals such as Chartered Accountants, Company Secretary & Doctors |
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Age |
The person should be 21years old at the time of loan application and his maximum age should be 70 years |
Applicant must be a minimum of 23 years of age at the time of application and should be a maximum of 70 years at loan maturity. |
Proprietor / Key Partner / Main Director must be a minimum of 25 years at the time of loan application and should be a maximum of 70 years at loan maturity. |
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Experience / vintage |
1 year of overall experience and 2 months with the present employer. |
Must be running the same business for the last 3 years Professionals with qualification of CA / CS/doctor with a minimum of 1 year of practice. |
Business stability/history of minimum 3 years in the same business. |
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Income |
Net monthly in-hand salary should be Rs.25,000 |
Gross annual income should be a minimum of Rs.3 lakh |
Annual turnover should be a minimum of Rs.10 lakh |
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Citizenship |
Individuals with Indian citizenship |
Individuals with Indian citizenship |
Proprietor / Partners / Directors with Indian citizenship |
Documents Required To Avail India Home Loan
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Salaried Individuals |
Self-Employed Individuals |
Firm / Company |
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Identity Documents |
Aadhaar Card Passport Voter's ID Card PAN Card Driving License
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Aadhaar Card Passport Voter's ID Card PAN Card Driving License
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Firm/Company PAN Card, GST Registration Certificate (If applicable), and Other Applicable Registration KYC of Partners / Directors PAN Card and Aadhaar Card PAN Card |
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Address proof |
The electricity bill for owned premises(up to 3 months) Rent agreement for Rented premises Passport |
The electricity bill for owned premises(up to 3 months) Rent agreement for Rented premises Passport |
The electricity bill for owned premises Rent agreement for Rented premises Passport for Partner / Directors |
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Income Proof |
Last 2 month’s salary slip Form 16 of last 2 years.
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Income Tax Returns for the last 2 years Profit/Loss statement and balance sheet for the latest 2 years
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Income Tax Returns along for the last 2 years Profit/Loss statement and balance sheet for the latest 2 years GST Returns |
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Business / Employment proof |
Offer letter Salary certificate of last 1 year (with company stamp) |
Partnership deed No encumbrance documents Previous chain of documents from the earlier owner(if any property approval plan) |
Partnership deed No encumbrance documents Previous chain of documents from the earlier owner(if any property approval plan) |
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Bank Account Statement |
bank account statement of the latest 6 months and past 1 year |
Operative bank account statement for the latest 6 months |
Operative bank account statement for the latest 6 months |
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Other document |
Application form with duly signed Passport size photograph Processing cheque Original and photocopies of property documents. Form 26 (If form 16 is not available) Sanction letter / account statement(if any running loan) Salary certificate of 1 year IT returns |
Application form with duly signed Passport size photograph Processing cheque Original and photocopies of property documents. Gumasta license Sanction letter / account statement(if any running loan) Bank statement (payment made to the builder)
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Application form with duly signed Passport size photograph Processing cheque Original and photocopies of property documents. Gumasta license Sanction letter / account statement(if any running loan) Bank statement (payment made to the builder)
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*The aforementioned list of documents for an Indiabulls Home Loan is general. Extra documents may be needed at the time of loan processing.
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I have had a wonderful experience with My Mudra. The process was exceptionally seamless when I applied for a loan. I also liked how their people interacted with me. It is the best solution to the month-end cash issue. Also, I can use it to pay off my credit card dues.
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I was in need of INR 2 lakh. I visited the My Mudra website and found out that there is a personal loan offer for me. It was a great experience. I got an awesome deal on my loan application. The process involved only a few documents. The amount transferred to my account was faster than promised and the interest rate and other charges were also not too high
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