Indiabulls Consumer Finance Limited (IBCFL),formerly IVL Finance Limited is a non-deposit taking NBFC registered with the Reserve Bank of India and is a 100% subsidiary of Indiabulls Ventures Limited. As digitization transformed the banking and financial sector, the company recognized a great opportunity and ventured into the retail lending space with Indiabulls Consumer Finance Limited (IBCFL), formerly IVL Finance Limited.

On the back of this digital transformation, Indiabulls Consumer Finance Limited (IBCFL),formerly IVL Finance Limited. has struck a sweet spot by providing a future ready digitised product to its consumers with Indiabulls Dhani. Indiabulls Dhani is a completely online personal loan fulfillment offering which provides customers with money directly in their bank accounts. The product has been developed to cater to the aspirational needs of the everyday Indian by providing speed and convenience to their personal loan needs.

Along with personal loans, IBCFL also caters to small and medium businesses by offering business and other Loans.

About Indiabulls Ventures

Indiabulls Ventures Limited is one of India’s leading capital market companies providing securities and derivative broking services. The company is registered with SEBI as a Stock Broker, a Depository Participant, a Research Analyst and a Merchant Banker in Category I. The Company’s equity shares are listed on The National Stock Exchange of India Limited and BSE Limited and its Global Depository Receipts (GDRs) are listed on the Luxembourg Stock Exchange. The company’s subsidiary, Indiabulls Commodities Limited, provides commodities services. Indiabulls Ventures was the first Company to be assigned the BQ-1 grading by CRISIL, which is the highest broker quality grading, and is a reflection of the financial stability, strong fundamentals, and stringent risk management controls that the Company possesses. Brickworks Ratings has also assigned a strong credit rating of BWR A+ and BWR A1+ for its fund and non-fund based facilities.

The company is a pioneer of the online trading platform in the country. The company provides its healthy client base, in excess of 6 lacs, with investment solutions across asset classes through a dedicated sales team of more than 900 individuals across 18+ cities. The company is also engaged in the marketing of non-discretionary wealth management products through its subsidiaries.

Indiabulls Ventures is a part of the Indiabulls Group, which is one of the country's leading business houses with interests in housing finance, real estate, securities, personal financing, construction equipment leasing and facilities sector. The group had combined revenues of over Rs. 22,114.9 Cr. and PAT of over Rs. 6,072.2 Cr. as on 31st March 2018 its companies are listed on the Luxembourg Stock Exchange, BSE Limited and the National Stock Exchange of India Limited. The combined market capitalization of these companies for the financial year 2017-18 was Rs. 75,838.2 Cr.

Indiabulls Group

The Indiabulls Group is one of the country’s leading business houses with interests in financial services, real estate, pharmaceuticals & LED through independent companies. Indiabulls Group has a net worth of over ₹ 22,608 crore and the market capitalization stands at over ₹ 75,838 crore (As on 31st March 2018). All the group companies are listed on the Bombay Stock Exchange, and the National Stock Exchange. The group continues its journey of building businesses with strong cash flows.

The other major group companies under the Indiabulls Group include:

Indiabulls Housing Finance Ltd. (IBHFL), the group’s flagship company is the 2nd largest housing finance company in India. It is Rated ‘AAA’ by all credit agencies and is a part of the NIFTY50 index. Recently it has been ranked the 13th largest Consumer Financial Services company globally by Forbes Global 2000.

Millions of Indians aspire to own a place that they can call home. At IBHFL, the company’s collective efforts are directed towards fulfilling these aspirations and dreams of its customers. They have serviced more than 1 Million customers and have cumulatively disbursed home loans of over Rs. 1.97 Trillion as of the last financial year. The company prides itself in having a workforce of over 8111 employees, more than half of which is dedicated to customers and sales, serving as the pillar on which it can meet the many needs of the segment.

With over 220 well-appointed and accessible branches in 110 towns and cities across India and 2 representative offices in Dubai and London offering services to NRIs/PIOs, IBHFL is well placed to cater to a wide audience in key markets across the country.

Indiabulls Real Estate Ltd (IBREL) started in the year 2005, is one of the largest real estate companies in India with focus on construction and development of properties, project management, and construction services. IBREL was demerged from Indiabulls Financial Services Limited in the year 2006, post which it was listed on the stock exchanges in the year 2007.

With its focus on construction and development of residential, commercial & SEZ projects across major Indian metros & London, Indiabulls Real estate stands for excellence and luxury in residential and commercial properties.

It is the company’s mission to create upscale spaces and its endeavours are a testament to this philosophy. It has delivered iconic commercial development of over 33 lakh sq. ft. in Mumbai, namely, One Indiabulls Centre and Indiabulls Finance Centre. Indiabulls Real Estate has acquired the prime property, 22 Hanover Square in Central London, and started handover in three ongoing projects. With a plethora of key projects across the country, the company has a prime focus on Mumbai, NCR and London. With a gross development value of Rs 33,668 Cr., net worth of Rs. 4819 Cr., 15 ongoing projects with the total saleable area of 357.8 lakh sq. ft. under its wing and 52 lakh sq. ft. of completed projects, the company already has four new projects with a total saleable area of 87.5 lakh sq. ft. planned. It also has an additional land bank of 1010 acres available for future development along with Indiabulls SEZ (Nashik) which is spread across 2588 acres.

Indiabulls Real Estate in achieving perfection through superior location and state-of-the-art technology, thus creating an unparalleled experience.

Board of Directors
  • Mr. Gagan BangaNon-Executive Director
  • Mr. Ajit Kumar MittalNon-Executive Director
  • Mr. Pinank Jayant ShahWhole-time Director & CEO
  • Mr. Nafees AhmedNon-Executive Director
  • Mr. Alok Kumar MisraIndependent Director
  • Brig. Labh Singh Sitara (Retd.) Independent Director
  • Mrs. Manjari Ashok KackerNon-Executive Director
Fees and Charges
Type of Charge Charge % / INR
Processing Fees up to 5%
Loan foreclosure/pre-payment charges >6 months: 5%
Rate of Interest 11.99% onwards
Bounce charges For Salaried: Rs. 400 per bounce
For Self Employed customers: Rs. 750 per bounce
Late Payment penalty 3% per month
Stamp duty charges for loan documentation As per applicable laws
Duplicate NOC Rs. 500 per request
Repayment mandate/instrument swapping charges Rs. 500 per request
Loan Cancellation Charges Rs. 3000
Loan Re booking charges Rs. 1500
Statement of account charges Rs. 500
Duplicate Repayment Schedule Rs. 500
IVLR 13.90%
Type of Charge Charge % / INR
Processing Fees 1.0% of Loan Amount against residential property 1.5% of Loan Amount against non-residential property
Legal Opinion Charges, SRO Search Charges, ROC Search Charges, Non-Encumbrance Certificate from SRO charges NIL, included in the Processing fee
Transaction Handling charges in Balance Transfer / Resale Commercial Property Loans Rs. 2500/-
Technical Valuation charges Rs 750/- (non-Home Plans)Nil on Representation of ECS / PDC
Late Payment Charges 24% per Annum of Outstanding EMI
PDC/ECS Swapping charges NIL
Compliant handling Charges NIL
Retrieval charges for Copies of loan /property document in IB custody Emailing of Scan Copies: NIL Physical copies with IB attestation: Rs 500/-
Charges for Statement Of Account / Amortization Schedule Rs.200/-
Registration Charges for Borrowers'ECS Mandate (loan repayment) NIL
Interest Certificate in non-Home Loans NIL
Charges for Certified True Copies of Title Deeds from SRO, if applicable. As per Actual
Stamping charges of loan Agreement Actual, subject to state laws-where fixed charges irrespective ofloan amount: provided by IB-where ad-valorem charges as a function of loan amount: to be procured by borrower directly.
Stamping charges of other legal documents like Indemnity Bond, Legal Undertakings,Legal Affidavits, Personal Guarantee Bond, Power of Attorney for NRI Home Loans etc. As per Actual, subject to state laws-to be procured by borrower directly
Original property documents retrieval for specific activity like production at SRO or Development Authority (on borrower request) Rs. 5000/-
Database Admin Fee Rs 650/- (inclusive of service tax)
Corporate Announcement
Financial Reports

Indiabulls Consumer Finance Limited

Corporate Office:

Indiabulls Finance Centre, Indiabulls House, Tower 01, 9th Floor,
Senapati Bapat Marg, Elphinstone Road
Mumbai - 400 013, Maharashtra
Tel - 022-6189-9016

Registered Office:

NEW DELHI – 110001
Tel - 011-30252900

Head Office:

Indiabulls Finance Centre, Indiabulls House, Tower 01, 8th & 9th Floor,
Senapati Bapat Marg, Elphinstone Road
Mumbai - 400 013, Maharashtra
Tel - 022-6189-9016

Customer Care:

Mobile: 18604193333