Swagat Housing Finance

Swagat Housing Finance Interest Rates 2023

Home loans of up to Rs.50 lakh can be availed by salaried employees and self-employed individuals with Swagat Housing Finance Company Limited. The repayment tenure of the home loan is up to 25 years.

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Swagat Housing Finance Company Limited Home Loan Schemes

1. Purchase and Construction of Home

• Salaried employees and self-employed individuals can avail the loan.
• The loan can be availed to purchase a residential property that is ready or under construction. The loan can also be availed for the purchase of a flat/house, purchase of a plot, and construction on the land.
• Repayment tenure of the loan can range between 5 years and 25 years.
• The loan amount can range between Rs.2 lakh and Rs.50 lakh.
• The amount of loan that can be availed will depend on the construction stage.

2. Composite Loan

• Loans can be availed to purchase a plot as well as for the construction of a house/flat on that plot.
• The loan amount that can be availed will depend on the construction stage.
• The loan tenure can range between 5 years and 25 years.
• The loan amount can range between Rs.2 lakh and Rs.50 lakh.

3. Plot Purchase

• Loans can be availed to purchase of a residential plot or transfer balance of an existing loan.
• The repayment tenure of the loan can range between 5 years and 10 years.
• The loan amount can range between Rs.2 lakh and Rs.5 lakh.

4. Home Improvement Loan

• Loans can be availed for the renovation of your home. Internal and external repairs are covered under this product.
• The repayment tenure can range between 5 years and 10 years.
• The loan amount can range between Rs.2 lakh and Rs.5 lakh.

5. Home Extension Loan

• Loans are provided to increase the usable space of your home. Both interior and exterior work is covered under this product.
• The repayment tenure can range between 5 years and 15 years.
• The loan amount can range between Rs.2 lakh and Rs.20 lakh.

Swagat Housing Finance Company Limited EMI Calculator

You can use the home loan Equated Monthly Instalment (EMI) calculator offered by BankBazaar to check the monthly payments. The calculator is simple to use and basic details such as the loan amount, repayment tenure, processing fee, and rate of interest must be entered. Apart from being easy to use, the calculator helps in saving time as well.

Swagat Housing Finance Company Limited Eligibility Criteria

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Documents Required to Apply for SHF Home Loan

Salaried Employees

• Photographs
• Application form
• Proof of identity
• Form 16
• Date of birth proof
• Residence proof
• Bank statements for the last six months
• Payslips for the last three months

Self-Employed Individuals

• Date of birth proof
• Proof of identity
• Residence proof
• Balance Sheet
• Profit and Loss Statement
• Income Tax Returns (ITR) for the last three years
• Bank statement for the last year
• Business existence proof
• Photographs
• Application form

Document Check List: Home Loan Document Required

In case you wish to avail a home loan for the purchase or construction, or home renovation purposes, you can use the products offered by Swagat Housing Finance Company Limited. However, it is vital that you read the terms and conditions carefully before availing one.