If you are searching for indiabulls housing to apply for a fresh home loan, check your existing loan account, or track the company's financial health, you have likely noticed a major shift. Indiabulls Housing Finance Limited has officially rebranded itself as Sammaan Capital Limited. This change, finalized with approvals from the Registrar of Companies (RoC) and the Reserve Bank of India (RBI), is far more than a cosmetic corporate makeover. It marks the culmination of a multi-year transition from a promoter-led, real estate-heavy lender to a board-run, professionally managed, and diversely-held retail mortgage powerhouse.
In this comprehensive 2026 guide, we break down everything you need to know about the evolution of Indiabulls Housing, its landmark multi-billion-dollar foreign investment, its massive recent balance sheet clean-up, and updated details on home loan interest rates, schemes, and eligibility for borrowers.
1. The Evolution of Indiabulls Housing to Sammaan Capital
To understand the current state of Sammaan Capital, it is essential to trace its roots. Founded in 2000 as Indiabulls Financial Services by three IIT Delhi graduates—Sameer Gehlaut, Rajiv Rattan, and Saurabh Mittal—the company quickly grew into one of India’s most prominent non-banking financial companies (NBFCs). By the mid-2010s, it had emerged as a dominant force in housing finance and commercial real estate lending.
However, the collapse of IL&FS in 2018 triggered a severe liquidity crisis across India's shadow banking sector. Recognizing the structural vulnerabilities of relying on high-ticket wholesale real estate lending, Indiabulls Housing embarked on a massive, disciplined deleveraging process. The company repaid over ₹2,200 crore of external commercial borrowings (ECBs) to global financial institutions like Barclays, MUFG, and ANZ, while systematically shrinking its developer loan book.
In 2020, the original promoter stepped down from active leadership, paving the way for a professional governance model. Under the leadership of non-executive Chairman S.S. Mundra (former Deputy Governor of the RBI) and MD & CEO Gagan Banga, the company engineered a complete turnaround. In July 2024, the rebranding to Sammaan Capital Limited was completed. The name "Sammaan" (meaning respect, honor, and dignity in Hindi) reflects the organization's renewed commitment to institutional trust, customer-centricity, and exemplary corporate governance.
Today, Sammaan Capital operates as a highly diversified financial institution specializing in retail affordable home loans and secured business loans to micro, small, and medium enterprises (MSMEs).
| Parameter | Details |
|---|---|
| New Corporate Name | Sammaan Capital Limited |
| Erstwhile Name | Indiabulls Housing Finance Limited |
| Transition Type | Board-run, professionally managed NBFC-ICC |
| Key Leaders | S.S. Mundra (Chairman), Gagan Banga (MD & CEO) |
| Core Focus | Retail Home Loans, MSME Mortgage Loans, and Co-lending |
| Stock Exchange Ticker | SAMMAANCAP (NSE & BSE) |
2. The Landmark IHC Group Investment and the May 2026 Balance Sheet Clean-Up
If you have been tracking Sammaan Capital (formerly Indiabulls Housing) in the financial news, you may have seen headlines regarding a massive net loss reported in May 2026. For investors and borrowers alike, understanding this financial event is critical.
The Entry of IHC Group as the New Promoter
Abu Dhabi-headquartered global investment behemoth International Holdings Company (IHC) Group closed a monumental transaction with Sammaan Capital. IHC has injected over $1 billion (approx. ₹5,652 crore upfront, with an additional ₹3,198 crore structured via warrants) into the company. As of March 31, 2026, IHC holds a 28.5% equity stake, which will scale up to 43.5% upon full conversion of warrants. This capital infusion establishes IHC as the strong, well-capitalized institutional promoter Sammaan Capital needs to fuel its next phase of retail expansion.
Decisive Q4 FY26 Balance Sheet Clean-Up
To prepare Sammaan Capital for a clean slate under IHC’s stewardship, management executed a decisive balance sheet cleaning exercise in the quarter ending March 31, 2026. This resulted in a reported consolidated net loss of ₹8,101 crore for the quarter. While a net loss of this magnitude initially shocked retail markets, institutional investors widely applauded the strategic move. The loss was driven by:
- Massive Impairments: Sammaan Capital took aggressive, proactive impairment provisions on financial assets totaling ₹2,958 crore (a tenfold jump year-on-year) to fully insulate itself from legacy developer exposures.
- Exceptional Items: The company classified ₹6,499 crore as exceptional items, effectively writing down its remaining non-retail legacy assets.
- Arcil Portfolio Sale: In tandem with this clean-up, Sammaan Capital offloaded a ₹5,000 crore stressed loan portfolio to Arcil (Asset Reconstruction Company India Limited), drastically reducing its non-performing assets (NPAs).
With the legacy corporate loan book successfully run down and a massive equity cushion provided by the IHC Group, Sammaan Capital’s balance sheet is now exceptionally secure. MD Gagan Banga announced that Sammaan Capital expects to deliver a Return on Assets (RoA) exceeding 3% as its clean, retail-focused portfolio scales up.
3. Sammaan Capital (Indiabulls) Home Loan Offerings and Interest Rates
For retail borrowers, Sammaan Capital continues to provide highly competitive and flexible housing finance options. By utilizing an "asset-light" co-lending model—wherein Sammaan originates and services retail loans in partnership with major commercial banks—the company passes on excellent interest rate benefits to end-consumers.
Current Home Loan Interest Rates (2026)
Sammaan Capital home loan interest rates start at 8.75% p.a. for both salaried and self-employed individuals. The final interest rate depends on the applicant’s credit score (CIBIL), loan amount, employment stability, and property type.
Key Home Loan Schemes
- Standard Home Loans: Designed for the purchase of ready-to-move-in apartments, flats, or under-construction residential properties. Sammaan Capital offers funding up to 90% of the property value (LTV) for affordable housing segments.
- Home Plot & Construction Loans: Tailored for individuals who wish to purchase a residential plot of land and construct their customized home on it. Sammaan offers composite loans covering both land purchase and construction costs.
- Home Extension & Renovation Loans: Designed for existing homeowners who want to add rooms, build additional floors, or carry out structural repair and aesthetic upgrades to their properties.
- Home Loan Balance Transfer: Borrowers with high-interest home loans at other banks or NBFCs can transfer their outstanding balance to Sammaan Capital starting at 8.75% p.a., often accompanied by a low-cost top-up loan to fund personal requirements.
- NRI Home Loans: Formulated specifically for Non-Resident Indians (NRIs) looking to purchase residential properties in India, featuring streamlined documentation and dedicated digital assistance.
4. Comprehensive Guide to Eligibility, Documentation, and Fees
Applying for a mortgage can feel overwhelming. Sammaan Capital has structured its processes to make retail borrowing straightforward, particularly for self-employed individuals who often struggle to secure loans from traditional public sector banks.
Eligibility Criteria
To qualify for a home loan from Sammaan Capital, applicants must satisfy the following criteria:
- Age: Minimum 21 years at the time of application; maximum 65 years (or retirement age) at the time of loan maturity.
- Employment Type: Salaried employees (working in government, public sector undertakings, or reputed private firms) and Self-Employed Individuals (professionals like doctors/CA, and non-professional business owners).
- Credit Score: A CIBIL score of 700 or above is ideal to unlock the lowest interest rates starting at 8.75% p.a. However, Sammaan Capital has specialized underwriting models to evaluate subprime or thin-file customer profiles.
- Income Thresholds: Minimum stable monthly income criteria apply depending on the city of residence.
Documents Required
Having your paperwork organized accelerates the approval and disbursement process. Below is a checklist of the documents required:
| Document Category | Salaried Borrowers | Self-Employed Borrowers |
|---|---|---|
| Identity & Address Proof | PAN Card, Aadhaar, Passport, or Voter ID | PAN Card, Aadhaar, Passport, or Voter ID |
| Income Proof | Last 3 months' salary slips, Form 16, and Form 26AS | Audited financial statements (P&L, Balance Sheet) for 2 years, GST returns, and Form 26AS |
| Bank Statements | Salary account statements for the last 6 months | Current and savings bank account statements for the last 12 months |
| Business Proof | N/A | Shop Establishment Certificate, Partnership Deed, or GST Registration |
| Property Documents | Copy of Buyer Agreement, Allotment Letter, and Chain of Title Deeds | Copy of Buyer Agreement, Allotment Letter, and Chain of Title Deeds |
Fee Structure
- Processing Fee: Typically ranges up to 0.50% of the loan amount for salaried individuals, and 1% to 2% for self-employed borrowers, depending on the loan structure.
- Prepayment & Foreclosure Charges: In strict compliance with RBI and NHB regulations, Sammaan Capital charges zero prepayment or foreclosure fees on floating-rate retail home loans.
5. Loans Against Property (LAP) and MSME Mortgage Solutions
Beyond traditional home buying, Sammaan Capital is rapidly expanding its commercial mortgage footprint. For self-employed entrepreneurs and MSMEs requiring quick capital to scale operations, fund inventory, or manage cash flows, a Loan Against Property (LAP) serves as an ideal financial tool.
Key Features of Sammaan Capital LAP:
- Competitive Interest Rates: Starting from 9.75% p.a., making it a far cheaper option than unsecured business loans or personal loans.
- High Loan Quantum: Borrowers can leverage up to 60-70% of the market value of their residential, commercial, or industrial properties.
- Continued Occupancy: The borrower retains full ownership and operational use of the mortgaged property while utilizing the funds for business purposes.
- Flexible Repayment Tenure: Offers extended tenures of up to 15 years, keeping monthly EMIs highly manageable.
- Surrogate Loan Products: Sammaan Capital offers specialized financial appraisal products for MSME owners, evaluating actual business cash flows and GST filings rather than turning down applications purely due to conservative traditional tax returns.
6. Sammaan Capital’s Digital Customer Journey and App Integration
Recognizing that modern borrowers demand a frictionless, transparent experience, Sammaan Capital has completely digitized its home loan ecosystem.
The Sammaan Capital Home Loans App
Available on both iOS and Android, the official mobile application allows applicants to:
- Apply Online: Upload documents securely and fill out application forms from the comfort of their home.
- Track Progress: Get real-time updates on property valuation, legal verification, and loan sanction stages.
- Access E-Sanction Letters: Download conditional loan approvals instantly upon successful credit screening.
- Manage Existing Accounts: For existing customers (including legacy Indiabulls Housing customers), the app serves as a central self-service portal. Borrowers can easily download interest certificates (critical for claiming income tax deductions under Section 24 and Section 80C), view loan accounts, pay outstanding EMIs, and track loan foreclosure requests.
7. Sammaan Capital (Indiabulls Housing) Frequently Asked Questions (FAQs)
Q1. Are Indiabulls Housing Finance and Sammaan Capital the same company?
Yes. Indiabulls Housing Finance Limited officially rebranded as Sammaan Capital Limited in July 2024. All existing loans, agreements, customer portals, and corporate identities have transitioned to Sammaan Capital.
Q2. I have an existing home loan with Indiabulls Housing. Will my terms change?
No. The rebranding to Sammaan Capital does not affect the terms and conditions of your existing home loan. Your interest rates, EMI dates, outstanding balance, and loan tenure remain exactly as per your original loan agreement. The only change is that communications, app interfaces, and payment receipts will now carry the Sammaan Capital name and logo.
Q3. Why did Sammaan Capital report a large financial loss in May 2026?
The loss was a deliberate, strategic decision taken in tandem with closing its transaction with Abu Dhabi's IHC Group. Sammaan Capital wrote off and aggressively provisioned for legacy, high-ticket developer loans and exceptional items. This massive balance sheet clean-up, combined with a ₹5,000 crore loan portfolio sale to Arcil, leaves Sammaan Capital with a highly secure, pristine retail loan book moving forward.
Q4. Who is the new owner/promoter of Sammaan Capital?
Abu Dhabi-headquartered investment giant International Holdings Company (IHC) Group is the new promoter, holding an initial 28.5% stake (scaling up to 43.5% through warrant conversions). Sammaan Capital operates as a board-run, professionally managed company, with no promoter control from the original Indiabulls founders.
Q5. What is the share price ticker for Indiabulls Housing now?
The equity shares of the company trade under its new name, Sammaan Capital Limited, with the stock exchange symbol SAMMAANCAP on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Q6. How do I download my home loan interest certificate for tax purposes?
You can log into the Sammaan Capital Customer Portal via their official website or download the "Sammaan Capital Home Loans" mobile app. Once logged in with your loan account number and OTP, navigate to the "Service Request" or "Document Download" section to instantly download your interest certificate.
8. Conclusion: A Pristine and Secure Path Forward
The transformation of indiabulls housing into Sammaan Capital Limited represents a masterclass in corporate governance and balance sheet restructuring. By transitioning away from risky promoter-led real estate financing to a professionally-run, asset-light retail loan provider, Sammaan Capital has built a highly resilient institution.
Backed by a multi-billion-dollar capital cushion from Abu Dhabi’s IHC Group and having aggressively purged its legacy corporate stress, the company is uniquely positioned to dominate the retail home loan and MSME mortgage markets in India. For home buyers seeking competitive interest rates starting at 8.75% p.a., or investors tracking a high-potential financial stock, Sammaan Capital stands out as a highly secure, modern, and customer-first lender.
