A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Gruh Finance Home Loan Interest Rates

    Gruh Finance offers affordable home loan products that caters to a wide range of customers. With its vision to provide affordable housing in the country, it has now steadily grown to be a prominent name in the market for home loans. Its simplified process and affordable interest rates make Gruh finance a popular choice for customers seeking a loan.

    Below Mentioned are Gruh Finance Home Loan Loan Rates offered By BankBazaar

    Rates and Charges Specification
    Interest rate 8.35% - 15.05%
    Guarantor Requirement No Guarantor Required
    Loan Tenure 1 – 30 years
    Pre-partial Payment Nil
    Pre-closure charges Nil

    Gruh finance offers home loans at interest rates between 8.35% up to 15.05%, needs no guarantor and doesn’t charge customers for pre-closing and partial pre-paying the loan. The loan tenure can go up to 30 years.

    Types of Home Loans Offered By Gruh Finance

    • Gruh Suraksha
    • Gruh Suvidha
    • Gruh Sajavat
    • Gruh Samruddhi
    • Gruh Shubh Lakshmi
    • Loan Against Property

    Gruh Finance Home Loan Floating Interest Rate

    Loan Product Rate of Interest
    Suraksha 8.35% - 14.25%
    Suvidha 8.85% - 15.05%
    Sajavat 9.60% - 12.75%
    Samruddhi 11.60% - 14.75%
    Mortgage - Housing 9.60% - 14.75%

    The Home Loan products offered by Gruh Finance offers a wide range of interest rates. These interest rate are calculated after taking into consideration various factors like an individual’s credit score, income, assets, savings, liabilities, etc.

    The Suraksha Housing loan offers an interest rate between 8.35& and 14.25%. The Suvida Housing loan comes with an interest of 8.85% up to 15.05%. The Sajavat scheme has an interest rate that ranges between 9.60% and 12.75%, and the Samruddhi loan requires an individual to pay between 11.60% and 14.75% as the rate of interest. Lastly, the mortgage housing comes with an interest rate that can range between 9.60% and 14.75%.

    Eligibility Criteria For Applying Gruh Finance Housing Loan

    • Individuals or the group of individuals applying need to have a stable source of income
    • They should earn the minimum required salary as per Gruh Finance
    • They have to be salaried or self-employed individuals
    • Should be at least 18 years of age
    • Shouldn’t be older than 65 years of age

    Documents Required to Avail the Gruh Finance Housing Loan

    Common Documents:

    • Application form along with photograph
    • ID Proof
    • Residence Proof
    • Processing fee cheque
    • Bank statements of the last 6 months

    Documentation for Salaried Applicants

    • 3 months pay-slips
    • Form 16 or Income Tax Returns

    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

    Factors on Which the Gruh Finance Home Loan Depends:

    • Applicant’s Salary: The income of an applicant is one of the factors that determine the interest rate the customer has to incur. These are inversely proportional to each other. Higher the Income, lower the interest rate the applicant has to pay.
    • Amount of the Loan: The interest rate also depends on the loan amount. The higher the loan amount, the interest rate becomes higher as well.

    Tips to Reduce Gruh Finance Home Loan interest rate

    • Shorter Tenure: The interest rate is affected by the tenure of the loan. The shorter the tenure, the lower the total interest paid. However, the EMIs paid will be higher.
    • Increase EMIs: Increasing the amount of EMI paid will not only reduce the overall interest paid, but will also enable you to pay off the loan faster.

    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.

    Gruh Finance Home Loan Interest Rates Reviews

    • Gruh Finance Home Loan
      "Average home loan"
      0.5 4.0/5 "Great!"
      I have purchased a home loan from Gruh finance and i have closed the loan by last year. There was no customer care services for this institutions. The interest rates are very comparatively with other Government and private banks. There was no pre-closure charges. I bought the loan amount of Rs. 10 lakhs nearly.
      Was this review helpful? 5
      , mumbai
      Reviewed on Dec 24, 2018
    • Gruh Finance Home Loan
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      I have taken Home loan from GRUH FINANCE LIMITED . They Took some time for the approval , where the rate of interest is NOMINAL with nominal processing fess . I make the payment through the ecs process . Am satisfied with their customer service and response .
      Was this review helpful? 4
      , ahmedabad
      Reviewed on Dec 16, 2018
    • Gruh Finance Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a home loan from the Grih Finance Rate of interest was high 14% it was back in 1997, The loan amount 1.5 lacs. I closed the loan completely. Even though the rate of interest was high, they provide good service and disbursed the loan with out any hassle.
      Was this review helpful? 2
      , kochi
      Reviewed on Jul 27, 2018
    • Gruh Finance Home Loan
      "Interest Rate is High"
      0.5 1.0/5 "Really Bad"
      I took a Home Loan of about Rs.9 Lakhs from this Financiers. The process for getting the Loan was alright. Their interest rate was atleast 3-4% higher than what market standard is. I pre-closed the Loan at the 5 years mark. Wish they reduce their interest rate.
      Was this review helpful? 5
      , jaipur
      Reviewed on Feb 17, 2018
    • Gruh Finance Home Loan
      "Needs to improve"
      0.5 1.0/5 "Really Bad"
      I have taken a home loan from Gruh Finance Limited, the loan amount was for Rs 10 lakhs with high rate of interest when compared to all other sources. My home loan experience was not up to the mark. Customer service was not proper and their response was delayed. I preclosed this loan and they charged 2%. The tenure of this loan was 10 years.
      Was this review helpful? 2
      , navi mumbai
      Reviewed on Feb 01, 2018
    • Gruh Finance Home Loan
      "OK OK EXPERIENCE"
      0.5 3.0/5 "Satisfactory"
      The customer service was good from the GRUH FINANCE LIMITED side as I took the home loan from there . It was a Full approval the institution gave me on the amount i asked for . the money got Disbursed in 15 to 20 working days . The Rate of interest was of 9.40% and the processing fee was there and also they gave me a life insurance i was not told about and property insurance they had provided . Pre closure, part payment options are not there .
      Was this review helpful? 2
      , mumbai
      Reviewed on Dec 30, 2017
    • Gruh Finance Home Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      My home loan experience with GRUH Finance Limited was good so far, the loan amount was for Rs 13 lakhs with the rate of interest of 9% which is high when compared to all other sources. The process was smooth and i received my loan amount within 10-15 days. Customer service was good and they provided door step service to collect the documents. It was overall a good service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 15, 2017
    • Gruh Finance Home Loan
      "Average"
      0.5 3.5/5 "Pretty good"
      I have closed the home loan with the GRUH finance limited and the customer service is okay one for me. The loan amount got approved within a month of time. I am happy with the GRUH finance limited, also I have not faced any issues with them.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 29, 2017
    • Gruh Finance Home Loan
      "Good experience with Gruh Finance"
      0.5 4.0/5 "Great!"
      GRUH Finance housing loan process is kind of okay, but the only challenge here is, we have to fill and submit the agreement form post which they would issue a cheque after completion of agreement, which is the major issue the rest of the procedure was good and simple. It is a sole loan. Their process is so simple, even a lay man can apply for this housing loan.
      Was this review helpful? 0
      , vapi
      Reviewed on Oct 16, 2017
    • Gruh Finance Home Loan
      "Need some scope of improvement"
      0.5 4.0/5 "Great!"
      Gruh finance offered me 10.25% of interest on home loan, I felt it was higher side. Therefore I thought for doing balance transfer. Their customer service is also not upto the mark there was no communication or interaction about reversed interest rate. Their charges are fine only concern about the interest.
      Was this review helpful? 1
      , kolhapur
      Reviewed on Oct 10, 2017
    • Gruh Finance Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      My home loan is from Gruh Finance Ltd. It was not a up to the mark experience for me. They are high on the interest rate and the charges are also on the higher side. The customer support and response is average as they are not proactive in the services.
      Was this review helpful? 2
      , bangalore
      Reviewed on Sep 04, 2017
    • 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? 3
      , 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? 3
      , 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? 11
      , 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? 3
      , 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? 3
      , 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? 7
      , nasik
      Reviewed on Feb 06, 2016
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