Indiabulls Housing Finance has increased interest rates on home loans by 20 basis points (bps). The increase in the lending rates reflects the rise in cost of funds.
The rate of interest on new home loans for women applicants/co-applicants is 8.80% for loans of up to 35 lakh and 8.95% onwards for loans above 35 lakh. The interest rates would be 5 basis points higher for non-women applicants. In August 2018, the lowest slab was increased from 30 lakh to 35 lakh, allowing a larger pool to reap the benefits of the best possible rate.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).