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  • Edelweiss Housing Finance

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    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.

    Compare: Home Loan Interest Rate all Banks

    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

    Types of House Loans Provided by Edelweiss Housing Finance

    Edelweiss provides home loans for salaried and self-employed individuals. This is based on the individual's loan eligibility.

    Home Loan for Constructing a House or Buying a Plot

    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.

    Home Loan for Buying a House

    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.

    Home Improvement Loan

    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.

    Home Loan for Non-Resident Indian (NRI)

    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 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


    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

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