Please Note: Fincare Small Finance Bank is not a Paisabazaar partner. Offers would be from partner banks/HFCs only.
| Fincare Small Finance Bank Home Loan Highlights |
|
| Interest Rate |
|
| Loan Amount | Up to Rs 75 lakh |
| Loan Tenure | Up to 20 years |
| Loan to Value Ratio | Up to 90% of the property value (for loan amounts of up to Rs 10 lakh) |
| Foreclosure Charges |
|
Note: Interest rates as on 8th April 2024
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Table of Contents
Fincare Small Finance Bank Home Loan Interest Rates
Fincare Small Finance Bank Home Loan interest rates start from 9.99% p.a. The lender provides fixed interest rates for a period of 37 months from the commencement of the loan tenure and floating interest rates thereafter. The floating interest rates are linked to the 10 year Govt. of India Securities yield (G-Sec) external benchmark rate. The G-Sec benchmark rate is based on the 3 months average yield of the 10-year Government of India bond curve.
| Particulars | Interest Rates (p.a.) |
| Fincare Small Finance Bank Home Loan Interest rates for salaried | 9.99% p.a. onwards |
| Fincare Small Finance Bank Home Loan Interest rates for self-employed | 10.99% p.a. onwards |
Although Fincare Small Finance Bank has not disclosed offering differential interest rates to its home loan applicants based on their income, credit scores, occupation profile, etc., most lenders set their home loan interest rates based on these factors.
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Compare Interest Rates on Home Loans for Top Banks & HFCs
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Apply Now |
| HDFC Bank Limited | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.50% - 10.35% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
Compare Home Loan Schemes Offered by Top Lenders Compare Now
Fees and Charges for Fincare Small Finance Bank Home Loan
Fincare Small Finance Bank Home Loan Prepayment/Foreclosure Charges
| Particulars | Rates |
| Foreclosure Charges |
|
Other Charges related to Fincare Small Finance Bank Home Loans
| Particulars | Rates |
| Upfront login fee | Rs 3,300 plus taxes |
| File handling charges | Up to 2% plus taxes |
| Switching fee (from higher to lower floating rate) | 1% (plus taxes) on outstanding principal or Rs 10,000 whichever is lower (The lower interest rate will be equal to the applicable current interest rate on the sanction loan amount grid) |
| Statement of account charges | Rs 250 plus taxes |
| Provisional/duplicate interest certificate issuance charges | Rs 250 plus taxes (No charges are levied on first time issuance in a year) |
| Legal / Technical charges | Part of file handling charges |
| Penal interest on delayed EMI payment | 2% per month on delayed EMI amount |
| Cheque, EMI bounce or missed payment charges | Rs 300 plus taxes |
| List of Document charges | Rs 500 plus taxes |
| Property documents retrieval cost | Rs 1,000 plus retrieval |
| Collection pickup charges | Rs 200 per visit plus taxes |
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Fincare Small Finance Bank Home Loan Eligibility Criteria
Both salaried and self-employed individuals are eligible for availing Fincare Small Finance Bank Home Loans. The home loan lender has not specified the eligibility criteria for its home loan applicants based on their age, income, work experience/business continuity, occupation profile, etc. Loan applicants availing Fincare Home Loans can check the home loan eligibility criteria set by top banks or HFCs to get a fair understanding of the eligibility conditions usually set by home loan lenders.
Documents Required for Fincare Small Finance Bank Home Loan
Although Fincare Small Finance Bank has not provided the list of documents required for home loans to be submitted by loan applicants, home loan lenders usually require their prospective borrowers to submit the following documents for availing home loans:
- Proof of identity/age (any one): PAN Card, Passport, Driving Licence, Voter’s ID Card, Aadhaar Card, birth certificate etc.
- Proof of residence (any one): Ration Card, bank passbook, utility bills (electricity / water / telephone / gas), etc.
- Proof of income (for salaried): IT returns of last 3 years, Form 16, Promotion/Increment letter, last 3 months payslip, etc.
- Proof of income (for self-employed): IT Returns of last 3 years, professional practice licence (for doctors, consultants, etc.), Balance Sheet and P&L account statement duly attested by a Chartered Accountant, etc.
- Property documents: Title deeds of the plot, sale agreement copy, total estimate of house construction by an architect/civil engineer, copy of the plans approved by local authorities, etc.
- Proof of business address
- Additional documents for self-employed: Latest form 26 AS, list of directors and shareholders with details of individual shareholding certified by CA / CS (if the business entity is a company), business profile of the loan applicant, etc.
- Other documents: Proof of own contribution, last 6 months’ bank statements showing repayment of ongoing loans (if any), processing fee cheque in favour of the home loan lender, etc.
- Partnership Deed (for partnership firms)
- Articles of Association (AOA) and Memorandum of Association (MOA) of the company
Note: Fincare Small Finance Bank may ask its loan applicants to submit further home loan documents based on their discretion.
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