Home / Personal Loan / Indiabulls
Interest Rate
11.99 - 26
Processing Fee
1.50% to 5%
Loan amount
1000.00 - 1500000.00
5 years
Avail funds from minimum Rs. 1,000 to as high as Rs. 15 Lacs.

Annual interest rate ranges from 11.99% per annum to upto 26% per annum.

Processing charges starting from  1.50% to 5% of the loan amount.

Tenure ranging from minimum 3 months to maximum 72 months.

Indiabulls Personal Loan

Indiabulls Personal Loan offers funds for salaried employees, Self employed Professionals and self employed individuals. It provides loan amounting to Rs 1,000 to maximum of Rs. 15 Lacs within 3 minutes with a Processing fee of 1.50% to upto 5% of the loan amount.

Indiabulls is a good fit for you if?

Need Small Amount – Indiabulls would be a good alternative for you if you need a minimal amount of money as it offers personal loan as low as Rs. 1,000 within few minutes of applying for a loan.

If You're in Emergency – If you're in emergency and needs funds instantly, then Indiabulls is a great choice. You can avail funds within 3 minutes simply applying through your phone using Aadhar ID and PAN Number.

Indiabulls Personal Loan at a glance

Annual Interest Rate

11.99% - 26%

Loan Term

3 Months - 72 Months

Loan Amount

Rs. 1,000 - Rs. 15 Lacs

Time of Funding

Within 3 minutes

Pre-Payment Charges

5% of the principal outstanding

Indiabulls Personal Loan lends a minimum of Rs. 1,000 to maximum of Rs. 15 Lacs within 3 minutes with the Annual Interest Rate of 11.99% to upto 26% per annum. The Term of loan is 3 Months to 72 Month. The Annual Interest rate ranging from 11.99% to upto 26% per month. The Pre-Payment Charges are 5% of the Principal Outstanding.

Why Choose Indiabulls?

Instant Disbursal – Indiabulls Personal Loans offers instant disbursal on personal loan. If you are eligible for the loan, you will get funds starting from Rs. 1,000 to upto Rs. 15 Lacs on your bank account instantly.

Zero Documentation – It's a simple, convenient and quick process as while applying for this type of loan, only Aadhar ID and PAN Number is required. Hence, there is no need to provide any kind of document.

Zero Prepayment Charges for Loans upto Rs. 20,000 – It looks like a profitable deal for you as If you want to apply for a loan which is less than Rs.20,000, no prepayment charges will be applied.

Can't Change Payment Due Date – You are not allowed to change the payment due date after the process of disbursing as compare to other banks like HDFC which allows you to shift the Payment due date.

Part-Payment Allowed – As per the IVL Finance Pvt Policy, the Part-payment is not allowed before the 1st EMIs which means you will be allowed once the EMIs have been started.

What to watch out for?

High Prepayment Charges – The prepayment charges are equal to 5% of the principal outstanding as compared to many other finance providers such as Home Credit and Axis charging no prepayment charges at all.

Co-Applicant Not Allowed – You don't have to worry of choosing / finding a co-applicant for applying personal loan from Indiabulls as you cannot avail personal loan with a co-applicant as compare to other banks which a Co-applicant is required for applying loans.

Cannot Avail Loan without Aadhar ID – If you are in emergency and needs the funds as soon as possible but you don't have Aadhar ID, then you cannot avail personal loan from Indiabulls as Aadhar ID is necessary for applying this type of loan.

High Processing Charges – The Processing charges can be as high as upto 5% of the loan amount as compared to other competing banks and FIs such as HDFC Bank, Capital First, and Bajaj Finance charging processing fee from 1.50% to upto 3% of the loan amount.

High Penal Charges – The Charges for late payment or default charges equals to 3% of the overdue amount which is higher than standard penal charges of 2% of the overdue amount as charged by most of the banks and FIs.

Compare Indiabulls Personal Loans to Other Banks

Bank Name Indiabulls Capital First HDFC Bank

Typical APR

11.99% - 26% per annum

12% - 18%

11.39% - 20.99%

Loan Term

3 Months - 72 Months

12 months - 60 months

9 Months - 60 Months

Maximum Lending Amount

Rs. 15 Lacs

Rs. 25 Lacs

Rs. 50 Lacs

Processing Fee

1.50% to 5% of the loan amount

Up to 1.50% of the loan amount

Up to 2.50% of the loan amount

Time to Funding

Within 3 minutes

Within 24 hours of Approval

Within 4 hours of Approval


5% of the principal outstanding

5% of the Principal Outstanding

2% to 4% of principal outstanding

Coming to the comparison part, Indiabulls Personal Loan offers maximum lending amount of Rs. 15 Lacs with a time funding of 3 minutes to that of Capital First, which lends maximum of Rs. 25 Lacs within 24 hours of approval and HDFC can lend upto Rs. 50 Lacs within 4 hours of approval. Indiabulls charges Processing Fees ranging from 1.50% to upto 5% of the loan amount while Capital First charges upto 1.50% of the loan amount and in case of HDFC, the Processing Fees is upto 2.50% of the loan amount. The Typical APR of Indiabulls is ranging from 11.99% to upo 26% per annum while in Capital First, its ranging from 12% to 18% and 11.39% to upto 20.99% in case of HDFC Bank. The Loan Term in Indiabulls is 3 Months to upto 72 months, 12 Months to upto 60 Months in Capital First and in case of HDFC, the loan term is 9 Months to upto 60 Months. The Pre-Closure charges in Indiabulls and Capital Market is 5% of the Principal Amount and in case of HDFC Bank, its 2% to 4% of the Principal amount.

Am I Eligible?

  • The minimum age of the applicant should be 21 years at the time of loan application.
  • Whether you are salaried or self employed, all are eligible for this type of loan.
  • Minimum 2 years of work experience is required in case of self employed applicants.

Loan Offerings

Indiabulls Personal Loan

  • It provides Personal Loan for both salaried and self-employed (Professionals and Businessman). You can avail loan amounting from Rs. 1,000 to Rs. 15 Lacs with Tenure ranging from 3 Months to upto 72 Months.

Indiabulls Personal Loan Rate of Interest

Personal Loan Type Applicable Interest Rate

Indiabulls Dhani Personal Loan

11.99% - 26% per annum

How to Apply for Indiabulls Personal Loan?

At Paisa

    • Click on the "Apply Now" button
    • Fill the required details such as name. desired loan amount, purpose of the loan etc.
    • Now click on "Submit"

By Downloading Indiabulls Dhani app from playstore

    • Enter your loan amount
    • Enter your Aadhar number
    • Get loan in your bank account instantly

After I Apply?

Check loan status

  • Through Customer Care
    • Dial 1800-425-1199 / 1800-420-1199
    • Press 1 for English, Press 2 for regional language or Press 3 for Hindi.
    • Press 9 to speak to their customer care executive.

Fees & Penalties

Type of Charge Applicable Charges

Processing Charges

1% to 5% of the loan amount

Foreclosure Charges

5% of the principal outstanding

Penal Charges

3% per month on the overdue amount

EMI Bounce Charges

Rs. 400

Repayment Instrument Swapping Charges

Rs. 500 per instance

Duplicate NOC

Rs. 500 per copy

The applicable Processing Charges on Personal Loans in Indiabulls ranging from 1% to upto 5% of the loan amount and the foreclosure charges ranging from 5% of the principal amount which is allowed only after first 6 months. The EMI Bounce Charges are Rs. 400 per instance and the Penal Charges are 3% per month, charges Rs. 500 per instance for the Repayment Instrument Swapping and charges Rs. 500 per copy for the Duplicate N OC. The Stamp Duty charges for loan documentation is as per the applicable laws.


When will I receive documents of confirmation letter of my personal loan or loan agreement?

You will receive your documents, loan agreement, Sanction letter on your registered email address at the time of loan disbursement.

When my credit score will get updated?

At the time of closure of the loan, your CIBIL report will be updated by the Bank itself at the end of the closing month.

How do I contact Indiabulls personal loan customer care?

You can contact Indiabulls Customer Care at their phone number 1860-419-3333 or write them at [email protected] / [email protected]

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