A "low interest" loan shouldn't mean you have very little interest in paying it back!
SRG Housing Finance provides affordable home loans with interest rates based on the SRG interest rate policy i.e., between 15% and 30% with a maximum loan tenure of 10 years. The processing fees are 0% to 3% of the loan amount.
All of us dream of owning a home of our own and strive towards achieving that goal. Whether it be an apartment, a row house or a palatial bungalow, we aspire to buy or build our own.
However with the current trends in the housing market, buying a home seems out of reach for most of us. In the event we can afford to purchase a home, sinking all our money into it is a foolhardy move, especially given the numerous added expenses that could crop up, both routine as well as unforeseen. Taking out a home loan would be a wise decision as you would be able to pay off the loan in easy instalments, helping you plan and budget for the expense. There are a number of players in the housing finance market, with SRG Housing Finance one of the trusted names.
SRG Housing Finance offers applicants loans and refinancing options at attractive rates of interest. The interest rate payable would be between 15% and 30%. The interest rate would depend on the risk, or as decided by the company.
Whether you wish to buy a new home or expand/renovate your existing one, SRG Housing Finance has the loan to suit your every need. SRG Finance was started in the year 1999 under the name Vitalease Finlease Private Limited. The company changed its name to SRG Housing Finance in 2000 and has been a leading provider of financing in the housing market.
Individual Home Loans:
Choose the home loan that suits your requirements from the different options offered by SRG Housing Finance.
Loan Against Property:
Compare: Home Loan Interest Rate all Banks
SRG Housing Finance has made it possible for all individuals to own their dream home courtesy their various loan and mortgage offerings. Whether individuals are looking at finance for a home, a commercial property or to refurbish or add to their existing property, there is a loan that fits the bill.
Before individuals or entities can apply for a loan, they should check the eligibility criteria for the same. Individuals and entities can only apply for a loan if they fulfil the various criteria set out for each loan. Given below are the eligibility criteria for applying for a SRG Housing Finance loan:
Those individuals and entities who are eligible for a home loan have to provide the finance company with proof of their financial status and other such details so their credit worthiness can be verified before the loan is approved. The loan provider is also obliged to verify these documents to ensure the applicants are capable of paying back the loan amount. All eligible individuals and entities have to provide the following list of documents when applying for a loan.
Salaried Individuals:
The documents to be submitted by salaried individuals is as follows:
Non-salaried Individuals:
The documents to be submitted by non-salaried individuals like businessmen, self-employed professionals and others are as follows:
The following documents can be submitted towards the KYC compliance
Any one of the following towards proof of identity:
Any one of the following towards proof of residence
Those applying for a home loan will need to budget and save for this added expense. The loan can be paid in Equated Monthly Instalments, so the applicant is not burdened with paying a yearly amount at one go. To help applicants set aside money for the EMI’s, SRG Housing Finance has an EMI calculator, which generates the monthly instalments that have to be paid. This facility is available on the company’s website, saving applicants the trouble of going to a branch and finding out such details.
To ascertain the amount to be paid each month, an applicant would simply have to input the loan amount and the tenure for which they desire the loan to be. A loan can be taken out for a maximum of 15 years. The applicant will also have to input the rate of interest and the calculator would generate the amount to be paid each month. This figure is indicative, and the applicant should contact the company for the fixed figure payable.
SRG Housing Finance have a number of loans that cater to every need a potential applicant would have. The company also has loans for non salaried applicant, allowing those individuals without a steady source of fixed income the opportunity to avail a loan. The features of their loans are as follows:
The loan amount will be determined by the price of the property/home you are buying. Loans amounts are generally between 75%-85% of the value of the asset.
The following factors determine loan eligibility:
It generally takes 12-14 working days to process a home loan application. following this, the company will take about 7 days to verify details about the property and scrutinise the property details.
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