| Interest rate | 9.50% p.a. onwards |
| Loan amount | Rs 3 crore |
| Tenure | Up to 30 years |
| Processing Fees | Initial Processing Fees- Up to Rs 5,000Processing Fees including initial processing fee-
· Up to 1% for cheque salaried · Up to 3% for others |
Hero Housing Finance Home Loan
Hero Housing Finance Limited offers home loans at interest rates starting from 9.50% p.a. onwards for loan amount of up to Rs 3 crore and tenure of up to 30 years. Existing home loan borrowers of other banks and HFCs can avail Hero Housing Finance Home Loan for transferring their existing home loans to Hero Housing Finance at lower interest rates.
Competitive Interest Rates
Starting 7.40% p.a.
Handpicked Home Loan Offers
Offers from 25+ Banks & HFCs
Dedicated Customer Support
Expert Assistance at Every Step
Transfer Balance & Get a Top-Up Easily
Additional Funds when Required

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Paisabazaar Exclusive Benefits
Competitive Interest Rates
Starting 7.40% p.a.
Handpicked Home Loan Offers
Offers from 25+ Banks & HFCs
Dedicated Customer Support
Expert Assistance at Every Step
Transfer Balance & Get a Top-Up Easily
Additional Funds when Required

Home Loan EMI Calculator
Your Monthly EMI Payment
Find Best Home Loan Offers
Compare & Choose the Best Offer
Curated Offers from Multiple Lenders
Highest Loan Approval Chances
Easy & Transparent Borrowing Process
How Can I Apply for a Home Loan Online?
Get up to ₹5 Crore in 5 Simple Steps
Step 1: Enter your mobile number in the application form.
Step 2: Verify using the OTP sent to your mobile number.
Step 3: Enter details related to your loan requirements.
Step 4: Provide your personal and employment details.
Step 5: Compare offers and apply for the best-suited loan.
Hero Housing Finance Home Loan Highlights
Hero Housing Finance Home Loan Interest Rate
Hero Housing Finance Home Loan interest rates start from 9.50% p.a. onwards The lender has not disclosed differential interest rates based on the credit score, monthly income, employment profile, employer’s profile, loan amount, etc. of its home loan applicants. However, the lender may consider these factors while setting its home loan interest rates, just like many lenders do.
Compare Home Loan Interest Rates of Top Banks & HFCs
Types of Hero Housing Finance Home Loan
Hero Home Loan for Purchase of New Property
Purpose: Hero Housing Finance offers home loan for Purchase of New Property to finance the purchase of properties like Lal Dora, Freehold, Gram Panchayat, Municipal Corporation, Approved Property, Society Patta, Gunthewari Property, etc.
Loan Amount: Up to Rs 3 crore
Tenure: Up to 30 years
Hero Home Construction Loan
Purpose: Consumers can avail Home Construction Loan from Hero Housing Finance to raise funds for construction of home.
Loan Amount: Up to Rs 3 crore
LTV Ratio:
| Loan Amount | LTV Ratio |
|---|---|
| Up to Rs 30 lakh | Up to 90% of property market value |
| Rs 30 lakh-Rs 75 lakh | Up to 80% of property market value |
| Above Rs 75 lakh | Up to 75% of property market value |
Tenure: Up to 30 years
Hero Plot Loan (Development Authority)
Purpose: Hero Housing Finance offers Plot Loan to its applicants to finance the purchase of plot for home construction.
Loan Amount: Up to Rs 3 crore
LTV Ratio:
| Loan Amount | LTV Ratio |
|---|---|
| Up to Rs 30 lakh | Up to 90% of property market value |
| Rs 30 lakh-Rs 75 lakh | Up to 80% of property market value |
| Above Rs 75 lakh | Up to 75% of property market value |
Tenure: Up to 30 years
Hero Home Renovation Loan
Purpose: The lender offers Home Renovation Loan to its applicants for making addition, extension, alteration to their existing home property.
Loan Amount: Up to Rs 3 crore
LTV Ratio:
| Loan Amount | LTV Ratio |
|---|---|
| Up to Rs 30 lakh | Up to 90% of property market value |
| Rs 30 lakh-Rs 75 lakh | Up to 80% of property market value |
| Above Rs 75 lakh | Up to 75% of property market value |
Tenure: Up to 30 years
Hero Home Loan Balance Transfer with Top-up
Purpose: Existing home loan borrowers of other banks and HFCs can avail Hero Housing Home Loan Balance Transfer facility for transferring their existing home loans to Hero Housing Finance at lower interest rates. Such borrowers can also avail top-up loan over and above their existing home loans to meet their personal requirements.
Loan Amount: Up to Rs 3 crore
LTV Ratio:
| Loan Amount | LTV Ratio |
|---|---|
| Up to Rs 30 lakh | Up to 90% of property market value |
| Rs 30 lakh-Rs 75 lakh | Up to 80% of property market value |
| Above Rs 75 lakh | Up to 75% of property market value |
Tenure: Up to 30 years
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Eligibility Criteria for Hero Housing Finance Home Loan
However, Hero Housing Finance may also consider the credit score, employment profile, employer’s profile, monthly income, etc. of its applicants, just like many lenders do while evaluating the home loan eligibility of their applicants.
Documents Required for availing Hero Housing Finance Home Loan
For Salaried Individuals
Income Documents-
Property Documents-
Details of current loans-
For Self-employed Individuals
Details of current loans-
Property Documents-
Hero Housing Finance Home Loan Processing Fees and Charges
| Particulars | Charges | |||||||||||||||||||||||
| Initial Processing Fees (non-refundable) | Up to Rs 5,000 | |||||||||||||||||||||||
| Processing Fees (inclusive of initial processing fees) | Cheque salaried- Up to 1%
Others- Up to 3% |
|||||||||||||||||||||||
| Home Loan Plus program fees |
|
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| Current CERSAI charges | Rs 500 | |||||||||||||||||||||||
| Statutory charges | As per the local laws | |||||||||||||||||||||||
| Disbursement cheque cancellation | Rs 500 | |||||||||||||||||||||||
| Penal interest | 2% per month | |||||||||||||||||||||||
| Switch to lower rate | Up to 2% of outstanding principal | |||||||||||||||||||||||
| Cheque dishonour charges | Rs 1,000 | |||||||||||||||||||||||
| Cheque/cash collection charges | Rs 500 | |||||||||||||||||||||||
| Account statement | Soft Copy- NIL
Hard Copy- Rs 500 |
|||||||||||||||||||||||
| Income Tax Certificate for current financial year | NIL | |||||||||||||||||||||||
| Legal and Incidental Expenses | As per actual | |||||||||||||||||||||||
| Documents Retrieval | · Document copies from HHFL custody- Rs 2,000 (not applicable on first copy of current resale deed)
· Original document retrieval charges for specific activity like production at SRO or Development Authority or Endorsement- not applicable for endorsement of share certificates in Maharashtra · For other locations- Rs 5,000 |
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Prospective home loan borrowers of Hero Housing Finance can use the Home Loan EMI Calculator to calculate their EMIs and total interest cost. Those planning to avail Hero Housing Home Loans can also use this calculator to choose their loan tenures based on their repayment capacity.
How Can I Apply for a Home Loan Online?
Get up to ₹5 Crore in 5 Simple Steps
Step 1: Enter your mobile number in the application form.
Step 2: Verify using the OTP sent to your mobile number.
Step 3: Enter details related to your loan requirements.
Step 4: Provide your personal and employment details.
Step 5: Compare offers and apply for the best-suited loan.
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