A "low interest" loan shouldn't mean you have very little interest in paying it back!
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.
Some of the features and benefits of home loans offered by Edelweiss Housing Finance are:
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You can avail housing finance from Edelweiss Housing Finance for the following purposes:
Edelweiss provides home loans for salaried and self-employed individuals. This is based on the individual's loan eligibility.
This loan may be used to buy residential property. The eligibility criteria for this house loan are the same as for a normal home loan.
This is a regular Edelweiss home loan that may be availed to buy or build a new home for a tenure ranging from 10 to 20 years. Indian residents who are more than 21 years can apply for a home loan. The maximum age to apply for a house loan should be less than 65 years at the time of loan maturity, or retirement age, whichever is lower.
This home loan can be used to repair or renovate the existing home. The eligibility criteria for this house loan are similar to traditional home loans. The applicant should submit the repair estimate depending on which Edelweiss Housing Private Limited will disburse the loan.
Edelweiss provides home loans to NRISs for financial or educational purposes. As Edelweiss has representatives in many countries, non-resident Indians will not face any issue in obtaining a loan from the company. The home loan can be processed abroad without having to visit to visit the bank in India.
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:
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 |
You can apply for the loan through the following ways:
The rate of interest is fixed for the loan’s tenure.
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.
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.
Yes, there are pre-payment charges.
Yes, you can improve your eligibility by:
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