A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 1 Gruh Finance Limited Home Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.67% Floating
    1% One time fee
    5L - 5Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

    Gruh Finance Limited Home Loan is Rated as "Pretty good" by 8 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    A subsidiary of HDFC Ltd., GRUH Finance Limited is a housing finance company (HFC) which offers loans to take of your home financing needs. The company offers housing loans for various purposes like construction, purchase, renovation, repair of residential units. This loan may also be availed by professionals who wish to purchase office premises. GRUH home loans may can be applied for by individuals who are self-employed and do not have any formal proof of income.

    GRUH Finance Limited offers multiple home loan products, each designed to address specific requirements. The loan products offered by GRUH finance include GRUH Suraksha, GRUH Suvidha, GRUH Sajavat and GRUH Samruddhi.


    You’re probably eligible for an Gruh Finance Limited Home Loan if you are

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    Gruh Finance Limited Home Loan Minimum Age

    At least 18 years old

     Gruh Finance Limited Home Loan Maximum Age

    Less than 65 years old

    Gruh Finance Limited Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    Gruh Finance Limited Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your Gruh Finance Limited Home Loan amount eligibility is based on these factors

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    Gruh Finance Limited Home Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    Gruh Finance Limited Home Loan Maximum Loan to property value

    Loan capped @ 80% of property value

    Gruh Finance Limited Home Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Gruh Finance Limited Home Loan amount by these steps

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    Gruh Finance Limited Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    Gruh Finance Limited Home Loan Maximum Tenure

    Choose longer tenure loan up to 30 years

    Gruh Finance Limited Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an Gruh Finance Limited Home Loan

    • 1. Signed application form with photograph
    • 2. ID and residence proof
    • 3. Processing fee cheque
    • 4. Last 6 months bank statements
    • 5. Documentation for salaried applicants:
      • Last 3 months salary-slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:
      • Education qualification certificate & proof of business existence
      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Gruh Finance Limited Home Loan Interest RatesUpdated on 26 Jul 2017

    Gruh Finance Limited Home Loan Details
    Interest Rate 10.67%
    Loan Tenure 1 year to 30 years
    Partial pre-payment Charges Nil
    Pre-closure Charges Nil
    Guarantor Requirement No Guarantor Required

    Types of Home Loan Schemes By Gruh Finance Limited

    GRUH Suraksha:

    • Offered to professionals and salaried persons for purchase / construction of residential units, based on income proof of individual.
    • Loan is available for a maximum tenure of 25 years.
    • Loan amount available up to 75% / 80% / 85% of the property cost (includes the cost of land, construction, registration and other one-time acquisition costs).
    • Choose from amortization options like daily or annual amortization.
    • Multiple interest computation options like fixed, semi-fixed and variable.

    GRUH Suvidha:

    • Offered to self-employed individuals and professionals, based on surrogate income proof.
    • Maximum loan tenure offered is up to 15 years.
    • May be used for construction or purchase of residential units in cities, villages or towns.
    • Loan amount offered under this loan shall be up to a maximum limit of 75% / 80% / 85% of total property cost (includes cost of land, construction, registration and other acquisition costs).
    • This loan is available with various interest rate options with monthly amortization.

    GRUH Sajavat:

    • Offered to self-employed individuals and professionals, based on surrogate income proof.
    • Provided for the purpose of repair or renovation of existing residential units in cities, villages or towns.
    • Maximum loan tenure offered is up to 15 years.
    • Loan amount offered under this loan shall be up to a maximum limit of 75% / 80% / 85% of total property cost (includes cost of land, construction, registration and other acquisition costs).
    • This loan is available with various interest rate options with monthly amortization.

    GRUH Samruddhi Home Loan:

    • Offered to professionals for purchase office premises for business purposes.
    • Maximum quantum of loan offered is up to 75% / 80% / 85% of overall property cost (includes cost of land, construction, registration and other acquisition costs).
    • This loan is available with variable interest rate options and monthly amortization.

    Other Loan Products:

    You may choose from three different loan product which are as follows:

    • Flexible Installment Plan (FLIP) – Designed to meet the needs of multiple earning members of the family and available only on fixed rate loans.
    • Pension FLIP– This plan basically takes into consideration the combined income of the family members which includes salary income and pension. This product is only available with fixed rate loans.
    • Step Up Repayment Facility– Offered only on fixed rate loans, this plan amps up your EMI in anticipation of increase of the household income in the future.

    Multiple Amortization Options:

    Choose from multiple amortization options where the principal component of installments is adjusted on a varying basis.

    Multiple Interest Rate Options:

    Choose from fixed, semi-fixed or variable computation of interest as it suits your convenience and budget.

    Gruh Finance Home loan Interest Rates

    Each particular home loan offered by GRUH Finance Ltd. carries different rates of interest. The applicable interest rates effective from May 20,2017 are given below.

    S.NO

    Home loan Scheme

    Interest Rate

    1 GRUH Suraksha 8.35% to 14.50%
    2 GRUH Suvidha 8.85% to 15.30%
    3 GRUH Sajavat 9.50% to 13.00%
    4 GRUH Samruddhi 11.50% and 15.00%

    Gruh Finance Home Loan FAQs

    1. Are there processing charges levied on GRUH Housing Limited home loans?

      Yes, processing charges ranging from 0.5% to 1.25% are levied depending on the home loan scheme.

    2. Is there any security required for obtaining a home loan from GRUH Finance Limited?

      Yes, applicants would be required to submit documents like life insurance policies, postdated cheques, guarantee and/or any other form of security, as is mentioned in the loan sanction document.

    3. Is the rate of interest dependent on any factors?

      Yes, the rate of interest applicable on GRUH home loans is dependent on factors like the applicant’s credit score. The credit score shall be determined based on various factors like age, saving habits, stability of income etc.

    4. Is it necessary for the property, which is put as security, be insured?

      Yes, the property which has been provided as security against the loan must have been completely insured for the entire tenure of the loan.

    5. Are there loan conversion options available to customers?

      Yes, customers may switch from one interest rate plan to another. They may also switch their amortization frequency.

    News About Gruh Finance Limited Home Loan

    • Now is the right time to purchase property

      According to Sudin Choksey, the Managing Director of Gruh Finance, now the market conditions are ideal to buy property. The interest rates have come down for home loans, therefore, customers may be induced to purchase property. As the Government of India is focused on providing affordable housing for all, the market's focus is also on housing companies. As the supply for affordable housing will take almost 2 years, the home loan growth will also pick up slowly.

      Post-budget revelations, the market condition for private housing developers is looking positive. Gruh Finance focuses on pure housing loans, however, there has been a decline in the last few years. In FY17, the loan asset growth has reduced to 19%. Sudin Choksey believes that in the next 2 to 3 years, there will be a rise in loan asset growth. According to him, the Real Estate Regulatory Authority (RERA) won't cause any pressure on the quality of credit loans. Gruh Finance has restrained the loan against property at 11% compared to the 20-25% for major players. The pure home loan business is at 80-85%.

      30th May 2017

    • The best time to cash in on Gruh Finance

      Ever since the landmark announcement of 50 percent reduction in the repo rate by RBI, housing loans offered by various banks have predictable become cheaper. But more than a dip in the home loan rates, which can only cause a surge in affordability to a certain extent, it is the central bank’s bid to bring down potential risk weights that have lighted spark of hope in current EMI payers. Companies like Gruh Finance are ideally placed to deflect rivalry from banks and other financiers.

      Gruh Finance, a branch of Housing Development Finance Corporation (HDFC), is one of the innovators in the rural housing finance sector, offering house loans to financially backward and those with lesser income in rural and semi-urban. This step of RBI will provide a boost to the central government’s emphasis on the reasonably priced real estate arena through its ‘Housing for all by 2022’ policy. The firm has already announced a yearly net growth of 29 percent in the last ten years and 20 percent in the previous quarter alone.

      12th October 2015

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  • Gruh Finance Limited Home Loan Reviews

    • Gruh Finance Home Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      Gruh finance limited does their best to process my home loan. The services was good and the followed a good process where the disbursement happened on time and as needed. The rate of interest and processing charges was normal when compared to other financial institutions.
      Was this review helpful? 0
      , jodhpur
      Reviewed on Apr 15, 2017
    • Gruh Finance Home Loan
      "Too supportive"
      0.5 5.0/5 "Blown Away!"
      I was asking for six lakhs for home loan from Gruh finance limited, but they had not approved for the same as I am getting my salary as cash, also I had not filed income tax. Hence I had to close my application. Apart from that, Gruh finance tried all the possible way to get me loan and they supported me well.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Mar 31, 2017
    • Gruh Finance Home Loan
      "Disappointed with the service"
      0.5 2.0/5 "Expected more"
      I am not happy with Gruh Finance ltd, I did not get any proper support from them. Its not a good sign, executive were not aware of their process they did not communicate anything about the home loan process. Finally Gruh Finance had taken around four months to disburse the amount.
      Was this review helpful? 0
      , gulbarga
      Reviewed on Mar 20, 2017
    • Gruh Finance Home Loan
      "I took a house loan"
      0.5 5.0/5 "Blown Away!"
      Long back during the year 2001, I was holding this housing loan from GRUH, I had purchased a new flat for that purpose I availed this loan . Property has been sold now. People there co operated with me very well, interest rate offered by them was okay. I had very less options to choose at that point of time. I had got the copy of legal property document from them on time.
      Was this review helpful? 0
      , surat
      Reviewed on Sep 30, 2016
    • Gruh Finance Home Loan
      "Not satisfactory"
      0.5 1.0/5 "Really Bad"
      My home loan is from GRUH finance ltd. It has not been a satisfactory experience. They been increasing the rate of interest every six months. Currently my rate of interest is of 15%. The processing charges also was very high. They charged 4% of the loan amount. Very unhappy with the services.
      Was this review helpful? 5
      , thane
      Reviewed on Mar 04, 2016
    • Gruh Finance Home Loan
      "Fine with them..."
      0.5 2.0/5 "Expected more"
      My home loan was taken from GRUH finance ltd. Best thing is, that they are providing loan for Bkatha and also Gram panjayat. But the thing is charges which was very higher side. They took 1.6 months for to complete their process. I would be great if they reduce that charges part.
      Was this review helpful? 1
      , bangalore
      Reviewed on Feb 23, 2016
    • Gruh Finance Home Loan
      "Optional "
      0.5 3.0/5 "Satisfactory"
      Gruh finance limited process is very good for home loan but they do not have the online access so we have to call them for any queries and the interest rate is also high . So. I planned to transfer the loan. They can be accessible on online and reduce the rate which will be better.
      Was this review helpful? 1
      , mumbai
      Reviewed on Feb 10, 2016
    • Gruh Finance Home Loan
      "Very good "
      0.5 5.0/5 "Blown Away!"
      The service provided was good in the home loan process with gruh finance.There was a critical loan process at that period of time and its a long process for getting the loan.The response time was very good.They do send the statement on the mail itself.The interest rate applied for the loan was around 11.25% since its flat rate offered I am paying the same rate continuously.
      Was this review helpful? 2
      , nasik
      Reviewed on Feb 06, 2016
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