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

    Hinduja Housing Finance offers home loans with interest rates that range from 13.50% to 14.50% and is a floating interest rate. The processing fee is Rs.4,600 (including service tax), the maximum tenure is 25 years, and quantum of loan is up to 90% of the property cost or Rs.1 crore.

    Hinduja Housing Finance Home Loan Interest Rates

    Hinduja Housing Finance home loans can be used for a wide variety of purposes, ranging from buying a readymade residential unit, or purchasing a plot and constructing a new house on it, to extending and improving an existing one.

    Interest Rates 13.50% p.a. to 14.50% p.a.
    Loan Amount Minimum: Rs.2 lakh Maximum: Rs.1 crore
    Processing Fees Rs.4,600 (including service tax)
    Max Tenure Up to 25 years

    Compare: home loan Interest Rate for all Banks

    Hinduja Housing Finance Home Loan Schemes

    Hinduja Housing Finance schemes cater to different requirements. They are as follows:

    1. New Homes:

    • Can be used for purchase of a flat, bungalow, rowhouse, etc.
    • For properties that are promoted by recognised development authorities

    2. Home Extension Loans:

    • For modifications, plastering, flooring, tiling, etc.
    • Can be availed by existing home loan customers

    3. Home Improvement Loans:

    • For renovations, upgradation, repairs, painting, plumbing, electrical work, etc.
    • Can be availed for a residential unit that is already owned.

    4. Composite Loans:

    • To purchase a plot of land and construct a house on it.

    5. Balance Transfer:

    • Transfer outstanding home loan amount from another financial institution or bank
    • Get customised repayment options and affordable interest rates.

    Hinduja Housing Finance EMI Calculator

    Use BankBazaar’s home loan calculatorto find out exactly how much your Equated Monthly Instalment (EMI) will be for a loan of your desired amount, tenure, and the current interest rate and processing fees. This will help you better manage your finances making for easier loan repayment.

    Hinduja Housing Finance Eligibility Criteria

    Type of Employment Salaried, self-employed, non-individual entities
    Work Experience Salaried individuals: 2 years Self-employed individuals: 3 years
    Income Salaried individuals: Minimum Rs.10,000 pm Self-employed individuals: Minimum Rs.1.2 lakh p.a.
    Nationality Indian residents
    Age Minimum: 21 years Maximum: For salaried individuals, retirement age at loan maturity For self-employed individuals, 65 years at loan maturity
    Nationality Indian residents

    Get Free Quote: Check Home Loan Eligibility

    Documents Required to Apply for Hinduja Housing Finance Home Loan

    These are the documents required at the time of application:

    Self-employed individuals:

    • Bank statements for f the last 6 months
    • Income tax returns for the last 3 years
    • Challan of tax paid for the last 3 years
    • Balance sheet and Profit & Loss Account for the last 3 years
    • Business profile
    • Proof of age, address, and identity

    Salaried individuals:

    • Bank statements for the last 6 months
    • Salary certificate or salary slips for the last 3 months
    • Form 16 issued by the employer
    • Proof of age, address, and identity

    Document Check List: Home Loan Document Required

    FAQ's

    1. For buying property, what are the documents that are required?

    To buy a property that has already been identified, you would need the following documents: revenue records, encumbrance certificate for the last 15 years, original title deeds, agreement for sale or construction, approved layout/plan, etc.

    2. How many days does it take for the loan to get sanctioned?

    Depending on favorable factors, it would take between 2 and 10 working days for the loan to get sanctioned.

    3. Can I make part-payments or pre-close the loan?

    Yes, pre-closure can be done through part- or full payments.

    4. What are the conditions for part-payments?

    Part-payments can only be done 3 times in a financial year with each payment not being less than 6 EMIs.

    5. Are co-applicants allowed?

    Yes, co-applicants are allowed with a maximum of 4 incomes being allowed to be clubbed. All the co-applicants need not be the co-owners. The spouse, parents, or children can be co-applicants or other relatives as agreed by Hinduja Housing Finance.

      

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