Owning a home is everyone's dream. But availing a home Loan becomes strenuous if you live in rural or semi-urban areas primarily due to lack of accessibility. We, at Indiabulls Rural Finance bring to you the opportunity to avail customized and affordable home loans Loan right at your doorstep, making the process of owning a house in rural areas as seamless as possible.
Your home is not just about a roof over your head; it is a reflection of your personality and style. However, keeping it in good condition or to make some improvements requires renovation. With Indiabulls Rural Finance's Home Improvement Loans, you no longer have to wait till you save sufficient money. You can upgrade your own home at any time without any financial worry. Home Improvement Loans are classified under Home Loans only, thus Tax benefits are available for these loans. We provide loan for Renovation and Extension of Existing Residence, and these loans provide the tax benefits of Home Loan also. We are eager to Balance Transfer your existing Home Loans with a top Up loan also. The Taxation Benefits of existing loan would continue.
We are committed to giving all our customers a good experience. To make the journey of owning your dream house a smooth one, we help you with every little step starting from documentations to calculate the best EMI and tenure for you based on your income and Profile.
- Loan Amount - 2 lacs to 50 lacs
The loan application amount ranges from 2 Lakhs to 50 Lakhs. The range is specifically designed to cater to all your needs.
- No Credit / repayment history required
Get your loan hassle-free. Avail your loan even without any past credit or repayment history.
- Loan available on various property titles
A title is a document that indicates recognition of ownership. With Rural Home Loans avail a loan on various property titles which are owned by you.
- Loan eligibility via actual cash income assessment
Get your loan offer after assessment of your application through cash flow assessment
- Construction linked disbursal
Disbursal would be linked with construction stage in case of Construction loan.
- Speedy Processing
With our simple and hassle-free process, quick loan approvals, you will not face any unnecessary delay that hinders you from getting your housing loan.
- Flexible Repayments
Our repayment options are flexible. You can avail an option that is suitable for you and support your financial needs best.
- Long/Short Tenure
We offer payback period of loan that is most suited to your needs and requirement.
- Attractive Interest Rates
At Indiabulls Rural Finance, we offer attractive interest rates.
- No Hidden Charges
We believe in transparency. Hence, to provide a great housing loan experience to our customers, there will never be any hidden charges.
- Minimum Documentation
Say goodbye to tedious paperwork. We are there for you in every step of the way, and that includes helping you file all your paperwork.
- Tax Benefits
The income tax authorities offer certain benefits and exemptions to individuals who have taken a housing loan from specified financial institutions.
- Interest on Housing Loan - Deduction U/s 24
Interest paid up to Rs. 200,000 can be claimed as a deduction under Section 24 for completed properties.
- Principal Repayment Rebate u/s 80C
- Principal can be claimed up to the maximum of Rs. 150,000 as a Tax rebate under Section 80C as part of 80C investments.
- The stamp duty and registration charges paid for the acquisition of a property can be claimed as deduction within overall limit of Rs. 150,000 as allowed under Section 80C.
