Indiabulls Housing Finance unites to help Kerala Flood Victims  

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Monday, August 2018: Indiabulls Housing Finance Limited (IBHFL), India’s second largest housing finance company has announced the following relief measures for its customers and employees based in Kerala.

  • Waiver of penalty fees for delay in payment of August & September EMIs for its home loan customer impacted by the floods/heavy rainfall
  • Waiver of the Processing Fee for Home Improvement Loans to customers whose homes have been affected by the floods/heavy rainfall
  • Special Team to fast track loan sanction & disbursal for all customers whose property have been impacted by the floods/heavy rainfall
  • Postponing the interest rate hike for its Kerala based customer by 2 months. The interest rate hike, which is applicable for all customers post the increase in repo rate, has been deferred by 2 months specifically for Kerala based customers. The new increased interest rates will now be applicable from October 2018.

Customers can call on Toll Free number 1800 200 7777 for any query.

In addition, the Indiabulls Housing Finance family is also conducting an employee contribution drive to support the relief operations and to help the people of Kerala at large.

The company urged its employees to voluntarily contribute one day’s salary (or more for senior employees) for this cause. The company would then contribute an equivalent sum of money amounting to the total that has been collected from employees and would direct this contribution for the wellbeing of the state and affected people.

Employee Welfare

A portion of this contribution will also be used towards the welfare of the company’s Kerala based employees and their families who have been affected by this unexpected crisis. The company has also declared up to 14 days paid leaves for these employees