A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Edelweiss Housing Finance

    We found 0 Edelweiss Housing Finance
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP

    Edelweiss Housing Finance provides housing finance products for the purchase, construction, renovation, and repair of housing units. The defining feature of the company is that, apart from salaried individuals, it also provides loans to those who do not have formal income documents. This is done under the Assessed Income Program which involves a thorough cash flow assessment and field investigation of the applicant.

    Edelweiss Housing Finance is part of the Edelweiss Group, a financial services and investment company that is headquartered in Mumbai, Maharashtra. The group provides a wide range of financial services to individuals and institutions.

    Features and Benefits

    Some of the features and benefits of home loans offered by Edelweiss Housing Finance are:

    1. Housing finance products that are tailormade for each customer’s repayment capacity.
    2. Loan-to-Value (LTV) ratio of 50% to 90% depending on the category.
    3. Attractive interest rates are according to a customised model of credit underwriting calculated on monthly rests.
    4. Depending on product category, tenures range from 10 to 20 years.
    5. Balance transfer facility to transfer loans from other banks to help reduce the EMI with lower interest rates.
    6. Top-up loans.

    Purposes for which housing loans are offered

    You can avail housing finance from Edelweiss Housing Finance for the following purposes:

    1. Home loans: Purchase and/or construction of a house
    2. PCL: Plot purchase and construction loans
    3. Home Improvement Loans: Renovation and repair of homes
    4. LAP: Loan Against Property
    5. BT: Balance transfer from other lenders

    Eligibility Criteria

    Eligibility is assessed on a case-to-case basis on the following factors: age, qualification, vintage, continuity of income, nature of business, savings history, financial discipline, asset creation, etc.

    The minimum eligibility criteria are as follows:

    1. Should be a resident Indian
    2. Should be 21 years and above when the loan commences
    3. At the time of loan maturity, should be retirement age or 65 years old

    Documents Required for Edelweiss Housing Finance loans

    The documents required are as follows:

    Category Documents Required
    Salaried Individuals Salary certificate/latest salary slip
    Form 16/PF statement
    In the case of cash salary, the appointment letter
    Bank statement or copy of passbook for the last 3 to 6 months
    Proof of age
    Proof of identity
    Passport size photograph
    Any other documents as required
    Self-employed Individuals Income tax returns of the last 2 years certified by a CA
    Profit and loss A/C (with schedules and annexures) and balance sheet of the last 2 years
    Bank statement or copy of passbook for the last 3 to 6 months
    Proof of age
    Proof of identity
    Passport size photograph
    Any other documents as required

    Procedure to apply for the loan

    You can apply for the loan through the following ways:

    1. Apply online on the website of EHFL
    2. Call the helpline number: 1800-1026371
    3. Email: homeservice@edelweissfin.com

    FAQs

    1. Does Edelweiss Housing Finance provide a fixed rate of interest or a floating rate?

      The rate of interest is fixed for the loan’s tenure.

    2. What is the quantum of loan offered by EHFL?

      The quantum of loan depends on various factors such as your age, income, qualifications, assets, liabilities, continuity and stability of occupation or income, spouse’s income, number of dependents, value of the property that is selected, etc.

    3. Should I provide collateral or security for the loan?

      Yes, the collateral or security for the loan is the first mortgage of the financed property by depositing the title deeds with Edelweiss Housing Finance Limited.

    4. Are there charges for pre-paying the loan in part or in full?

      Yes, there are pre-payment charges.

    5. Is there a way to improve my eligibility for the loan?

      Yes, you can improve your eligibility by:

      • Including income from any additional sources such as your rental, freelance projects, business, etc.
      • Including a co-applicant who is a close relative with a regular source of income
      

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.