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Indiabulls Personal Loan

Immediate and at the lowest rate

Live your way of life with Indiabulls Personal Loan which has been customized to fulfil your financial needs.

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Indiabulls Personal Loan


Available at the lowest interest rate

Before you apply for a personal loan you must ensure to check the interest rate so that you know in advance what rate would be charged on your loan amount. The IndiaBulls Personal Loan interest rate starts from 13% which may go up depending on several factors.

The interest rate depends on factors like income, employer details, nature of the employment, age, relationship with the loan provider, etc.

To get the better interest rate you should focus on some important points which include improving your credit score, avoid missing repayments, etc. You should also keep a track of offers as IndiaBulls keep announcing loans at the lowest interest rates on some special occasions.

IndiaBulls offers Personal Loan at the fixed and floating interest rate. It is the applicant’s choice to select either of them. The fixed interest rate remains constant whereas the floating one changes depending on the fluctuation in the market. In case you apply for a personal loan at a reducing interest rate, interest will be calculated on the outstanding loan amount. 


Indiabulls Personal Loan

Types of Indiabulls Personal Loan Interest Rate

There are two kinds of Indiabulls Personal Loan interest rates: fixed and floating.

Fixed Interest Rate

Here, the rate of interest charged on the Indiabulls Personal Loan amount will remain constant throughout the loan repayment period. You know your Indiabulls Personal Loan EMI obligation at the start of the tenor, allowing you to plan your monthly budget accordingly.

Indiabulls Personal Loan
Indiabulls Personal Loan

Floating Interest Rate

Here, Indiabulls Personal Loan interest rates could change depending on changes to the Marginal Cost of Lending Rate (MCLR), which is the base rate set for banks by the RBI. With changes in MCLR, the interest rate on loans also gets revised. With a lower interest rate, the repayment amount also reduces. On the other hand, if the interest rates increase, your EMI obligation will also increase. A floating Indiabulls Personal Loan interest rate makes it difficult for you to ascertain your monthly financial obligation.

Indiabulls Personal Loan Interest Calculation Method

There are two methods to calculate interest: flat rate method and the reducing balance method.

In the flat interest rate method, the interest rate is based on the complete loan amount you pay during the repayment period. In case of reducing the balance method, the rate of interest on the Indiabulls Personal Loan will be considered and calculated on the basis of the outstanding loan amount.

Flat Interest Rate Calculation

EMI = (principal + total interest payable) / loan tenure in months i.e. total interest payable = P x r x n/100

Where, ‘P’ is the principal loan amount, ‘r’ is the rate of interest, and ‘n’ is the loan tenure in months.

Floating Interest Rate Calculation

EMI = [P x r x (1 + r) ^n] / [(1 + r) ^(n-1)]

Where, ‘P’ is the principal loan amount, ‘r’ is the rate of interest, and ‘n’ is the loan tenure in months.

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