Easy Home Loan Interest Rates
EHFL has partnered with Paisabazaar and offers home loan interest rates starting from 8.99% p.a. onwards. The lender has not specified its differential interest rates based on the credit score, repayment history, job profile, employer’s profile, etc. However, like other lenders, the HFC may consider the above factors while setting home loan interest rates of their applicants.
Easy Home Loan – Loan Amount
Easy Home Finance has not yet specified the minimum or maximum limit for its home loan amount. However, most housing loan companies determine the loan amount based on the applicant’s loan repayment capacity. On the other hand, some housing loan companies calculate the maximum home loan eligibility using the Multiplier Method.
The qualifying loan amount is established by multiplying the applicant’s net monthly income by a predefined factor. Usually, loan amounts are offered up to 72 times the applicant’s gross monthly income or, for non-salaried applicants, 6 times their gross annual income.
Easy Home Loan Tenure
The repayment tenure offered by EHFL is up to 25 years. However, the repayment term should not stretch out past 65 years old or the retirement age, whichever is prior.
