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 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 schemes cater to different requirements. They are as follows:
1. New Homes:
2. Home Extension Loans:
3. Home Improvement Loans:
4. Composite Loans:
5. Balance Transfer:
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.
|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.|
|Age||Minimum: 21 years Maximum: For salaried individuals, retirement age at loan maturity For self-employed individuals, 65 years at loan maturity|
Get Free Quote: Check Home Loan Eligibility
These are the documents required at the time of application:
Document Check List: Home Loan Document Required
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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