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 |
Hinduja Housing Finance Home Loan Schemes
Hinduja Housing Finance offers a variety of loan options to meet different housing needs:
- New Home Loans
- For buying flats, bungalows, row houses, etc.
- Available for properties approved by recognized development authorities
- No hidden fees, low interest rates, minimal paperwork
- Easy monthly installments
- Home Extension Loans
- For home improvements like plastering, flooring, tiling
- Available to existing home loan customers
- Home Improvement Loans
- For renovations, repairs, painting, plumbing, electrical work
- For homes you already own
- Composite Loans
- To buy a plot and build a house on it
- Balance Transfer Loans
- Transfer your existing home loan from another bank or institution
- Enjoy customized repayment plans and affordable rates
- No hidden charges and expert technical & legal advice
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
How to Apply for Hinduja Housing Finance Home Loan?
Check the steps given below to apply for a Hinduja Housing Finance Home Loan:
- Step 1: Visit https://www.hindujahousingfinance.com/index.php
- Step 2: Click on "Quick Apply for Loan"
- Step 3: Enter details like your name, phone number, city/town, loan amount, and tenure
- Step 4: Select a preferred loan option
- Step 5: Click on 'Submit'
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
FAQs on Hinduja Housing Finance
- 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.
- 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.
- Can I make part-payments or pre-close the loan?
Yes, pre-closure can be done through part- or full payments.
- 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.
- 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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