Indiabulls Financial Services (IBFSL), one of India’s leading and fastest growing private sector housing finance company launched a new home loan scheme at 8.5% for salaried upto 31st March 2011 followed by 9.5% till 2012 and thereafter 9.5% floating.
The attractive New Home Loan scheme launched by Indiabulls Housing Finance offers the best rate of interest, customized loan schemes, and special offers on new housing projects across India. The offer is available across 140 cities and towns across India with doorstep loan service, legal and technical advisory to borrowers. Customers can identify & buy new homes as per their requirement and needs, supported by pre-approved loans and customized EMI offers by Indiabulls.
Says Gagan Banga, CEO, Indiabulls Financial Services Ltd, “We plan to grow our home loans business by 40 to 45% this fiscal and increase our market share from the current 4% to 10-15% by 2014. Introduction of this new home loan scheme at 8.5% is a move to augur the aggressive growth plans, with an annual target of Rs 6000 Crore worth New Home Loans disbursement. We are present in about 140 locations across the country and plan to add 25-30 cities every year to our distribution network.
To support our growing customer demands and needs, we also plan to grow our sales force by 25-30 % for home loans from the current strength of 1,500.”
This scheme follows the concessional rate home loan scheme at 8.25% launched in July, which offered to protect loan takers from rate fluctuations till April 2011, followed by 9.25% till 2012 and market rates thereafter.
Indiabulls Financial Services has tie ups with leading Indian builders across various geographical markets with over 2000 new pre-approved projects. The company offers beneficial schemes to end users in terms of the best deals and offers special schemes for projects of leading builders like DLF, Unitech, Emmar, Akruti, Shobha, Purvankara, JP, SP, Wadhwa, Hiranandani, HIRCO etc.
to name a few. Pre approved projects funding is one of the key focus area at Indiabulls Housing Finance due to minimal documentation and lower processing time in funding these properties. It also offers special privileges to first time home buyers for loans upto Rs 20 lacs.
Indiabulls Housing Finance started Housing Finance in 2005 and since then has created its presence and relationship in all big cities across India. In a short span of time, IBFSL specialized in loan offers to Self Employed market and Indiabulls Housing Finance today is the leading player for Self Employed market with customized products to meet their requirements.
New Home loan scheme offers has special focus on salaried customers in meeting their home loan needs at best rate of interest and Income Tax advantages as per the IT act and hence more affordable loans and faster door step service.