Edelweiss Home Loan Interest Rate 2020
|Interest Rate||10.50% Onwards|
|Age Criteria||Min. 21 years & below 65 years at time of maturity|
|Loan Amount||As per the applicant’s profile|
|Loan Tenure||Between 10 years – 20 years|
|Processing Fee & Charges||Up to 2% of Loan Amount plus applicable taxes|
|Pre-payment Charges / Foreclosure Charges||Nil for Individuals and 2% for Non-individual borrowers|
|Loan to Value (LTV) Ratio||Up to 90% of the property value|
Edelweiss Housing Finance Limited (EHFL) is a provider of Home loan and other retail credit products to customers residing in urban, as well as rural India. EHFL offers housing finance at attractive rate of interest to meet the customer’s financial requirements. The interest rates offered by Edelweiss Housing Finance majorly depends on individual credit assessment. Home Loans offered by the company are used for various purposes that include construction, purchase, repair and renovation of property. Edelweiss home loan interest rates are in the range of 10.50% to 10.90%.
Home Loan offered by Edelweiss can be used for the following purposes, such as
- For construction and purchase of house
- Repair and renovation of residential units
- Plot purchase and construction thereon
- Loan against property
- Balance transfer facility on existing loan.
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the company and RBI. GST and service tax shall be levied extra on the mentioned charges..
Edelweiss offers home loan products to employed customers with cash salary / self-employed customers with Assessed Income and also to customers with regular bank salaries / self-employed and Professional customers based on their formal income proof.
Edelweiss Housing Finance Fees & Charges
|Additional Fees & Charges|
|Late payment Charge||24% per annum|
|Cheque Swap Charge||Up to Rs. 500 + taxes|
|Document Retrieval Charge||Up to Rs. 500 + taxes|
|Cheque Bounce Charge||Up to Rs. 500 + taxes|
|Duplicate Statement Issuance Charge||Up to Rs. 500 + taxes|
|Cheque Pick up Charge||Up to Rs. 150 + taxes|
|Stamp Duty & other statutory Charges||As per applicable laws of the State|
|Conversion Fee||Up to 1% of the Loan outstanding plus applicable taxes|
|CERSAI charges||Rs. 100 + taxes, For Loans above Rs. 5 Lakh|
|CERSAI charges||Rs. 50 + taxes, For Loans up to Rs. 5 Lakh|
Note: All charges, taxes, levies etc. applicable as per the prevailing rate will be charged over and above these charges.
Edelweiss Home Loan Eligibility
Factors that affect the home loan eligibility include age, income, work experience, occupation, financial history, qualification, CIBIL/credit score and savings history. Edelweiss Housing offers loan up to Rs. 35 lakh under their Assessed Income program. EMIs can be repaid by the method of Electronic Clearance System (ECS). The company assists its customers in searching the best insurance policy as per their needs. Tax benefits can also be availed under section 24B & 80C of the Income Tax Act 1961.
Documents Required of Edelweiss Housing Finance
|Salaried Individuals||Self-employed Individuals|
|Latest salary slip or salary certificate||Last 2 years’ Income Tax returns duly certified by CA|
|Form 16 / PF statement / Appointment letter||Last 2 Years Balance Sheet and Profit and Loss A/C with Annexures and Schedules|
|Passport size Photograph||Passport size Photograph|
|Identification Proof||Identification Proof|
|Age Proof||Age Proof|
|Bank statement / Pass book copy for last 3-6 months||Bank statement / Pass book copy for last 3-6 months|
Home Loan EMI Calculator
You can easily Calculate Home Loan EMI online at our website by providing loan related details, such as loan amount to be availed, tenure for which you are going to avail the loan and the interest rate applicable to it. With the Edelweiss Housing Finance home loan calculator at paisabazaar.com, you can also check the different EMIs by inputting different repayment tenure.
Apply for Home Loan with Paisabazaar.com
Applying for a home loan online is the most suitable way to get the amount disbursed in your account and to make it simpler you can visit paisabazaar.com and fill in the loan application online for Housing loan. Interested customers just need to fulfil few loan related details and get the loan sanctioned under their own name. At paisabazaar.com you have the option of checking and comparing loan deals offered by various financial institutions and you can pick the best deal as per your requirements at lowest rate of interest.