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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.
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Competitive Interest Rates

Starting 7.40% p.a.

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HDFC Bank
Min Loan Amt. ₹15L
Rate of Interest7.2% - 13.2%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
ICICI Bank
Min Loan Amt. ₹15L
Rate of Interest7.65% - 9.80%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
Axis Bank
Min Loan Amt. ₹30L
Rate of Interest8.35% - 11.90%
Tenure uptoUpto 30 Years
Processing Fee₹ 14,000

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How Can I Apply for a Home Loan Online?

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Step 1: Enter your mobile number in the application form.

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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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Hero Housing Finance Home Loan Highlights

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 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

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Name of Lender Loans of Up to Rs. 30 Lakh
Bank of India 7.35% p.a. onwards Check Eligibility
State Bank of India 7.50% p.a. onwards Check Eligibility
Punjab National Bank 7.50% p.a. onwards Check Eligibility
Canara Bank 7.40% p.a. onwards Check Eligibility
HDFC Bank 7.90% p.a. onwards Check Eligibility
Bajaj Housing Finance 7.45% p.a. onwards Check Eligibility
ICICI Bank 8.75% p.a. onwards Check Eligibility
Axis Bank 8.30% p.a. onwards Check Eligibility
Federal Bank 8.75% p.a. onwards Check Eligibility
Kotak Mahindra Bank 7.99% p.a. onwards Check Eligibility
IDFC FIRST Bank 8.85% p.a. onwards Check Eligibility
IDBI Bank 7.55% p.a. onwards Check Eligibility
RBL Bank 8.20% p.a. onwards Check Eligibility
Tata Capital Housing Finance 7.75% p.a. onwards Check Eligibility
PNB Housing Finance 8.25% p.a. onwards Check Eligibility
Sammaan Capital
(Formerly known as Indiabulls Housing Finance)		 8.75% p.a. onwards Check Eligibility
India Shelter Home Loan 10.50% p.a. onwards Check Eligibility
L&T Finance Limited 8.70% p.a. onwards Check Eligibility
Godrej Housing Finance 7.75% p.a. onwards Check Eligibility
Home First Finance 8.00% p.a. onwards Check Eligibility
Easy Home Finance 11% p.a. onwards Check Eligibility
Piramal Capital Housing Finance 9.49% p.a. onwards Check Eligibility
Shubham Housing Finance 10.45% p.a. onwards Check Eligibility
Punjab & Sind Bank 7.55% p.a. onwards Check Eligibility
Jio Housing Finance 8.20% p.a. onwards Check Eligibility
HDFC Sales Pvt Ltd 7.90% p.a. onwards Check Eligibility

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

  • Minimum age at the time of loan application- 21 years
  • Minimum age of non-income applicant at the time of loan application- 18 years

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

  • ID Proof- Aadhar card, PAN card, Passport, Voter ID issued by Election Commission, Driving License issued by the RTO
  • Address Proof- Aadhar card, Driving License, Voter ID, Passport
  • Relationship Proof- Aadhar card, PAN card, Passport, Voter ID issued by Election Commission, Driving License issued by the RTO
  • Age Proof- Passport, Aadhar card, Driving License, PAN card

For Salaried Individuals

Income Documents-

  • Salary slip for last 2 months (6 months’ salary slip in case of variable)
  • Form 16
  • Bank statement for last 3 months reflecting salary credits
  • Appointment letter with salary breakup if current employment is less than an year old

Property Documents-

  • Previous chain of atleast last 13 years

Details of current loans-

  • Bank statement reflecting last 6 months EMI payment/SOA of running loans

For Self-employed Individuals

  • ITR for last 2 years, P&L and Balance Sheet with notes to accounts (latest ITR for those who have filed ITR only for last year and no ITR for those who do not file ITR)
  • GST return for last 1 year, if available
  • Bank statement for last 6-12 months of all active business accounts

Details of current loans-

  • Bank statement reflecting last 6 months EMI payment/SOA of running loans

Property Documents-

  • Previous chain of at least last 13 years

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
 

LTV

 Loan Amount
Rs 50 lakh-Rs 75 lakh Above Rs 75 lakh
Up to 65% 1.15% 1.45%
65%-70% 1.35% 1.70%
70%-75% 1.40% 1.70%
75%-80% 1.65% NA
80%-85% 1.70% NA
Above 85% 1.80% NA
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

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.

Apply Now

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FAQs

What is the current home loan interest rate of Hero Housing Finance?

Hero Housing Finance offers home loan interest rate starting from 9.50% p.a. onwards depending on the credit profile of its applicants.

How can I apply for Hero Housing Finance Home Loan?

You can apply for Hero Housing Finance Home Loan either through the official website of the HFC or by visiting any branch of the HFC. Applicants should also visit online financial marketplaces like Paisabzaar.com to compare the home loan interest rates offered by other lenders.

What is the minimum credit score required to avail Hero Housing Finance Home Loan?

Hero Housing Finance has not disclosed the minimum credit score for its home loan applicants. However, home loan lenders usually prefer home loan applicants having credit scores of 700 and above.

What are the foreclosure charges for availing home loan from Hero Housing Finance?

Hero Housing Finance charges no foreclosure fee for home loans sanctioned to individual borrowers at floating rates. The lender also does not charge foreclosure fee for fixed rate home loans sanctioned to individual borrowers wherein the foreclosure is made out of the borrower’s own source of funds. In other cases, including the balance of fixed rate home loans, the lender charges a foreclosure fee of 2-3% for home loans.

Can I get a 100% home loan from Hero Housing Finance?

Hero Housing Finance has not disclosed the LTV ratio at which the home loan is offered. However, as per RBI regulations, LTV ratio is capped at 90% of the property cost for loan amount of up to Rs 30 lakh, 80% of the property cost for loan between Rs 30 lakh to Rs 75 lakh and up to 75% of property cost for loans above Rs 75 lakh.

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Office ke chalte jyada samay nahi nikal pata tha. Paisabazaar ke online process ki wajah se na hi mene banks ke rates compare karliye ghar bathe balki mera loan application aur disbursal bhi ghar bathe hi ho gaya...bank jana hi nahi pada...

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Kam rates pe loan mila

Paisabazaar se mujhe bahut kam rate pe loan mil gaya...isse mere budget pe jada asar nahi pada aur jald hi mera apna ghar ho jayega..

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eligibility check ho jati hai free

me home loan lene ka soch raha tha uske liye mene pehle paisabazaar app se free me apni eligibility check ki..usse mujhe pata chala muje kya cheeze improve karni hai aur fir mera loan jaldi approve ho gaya.

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Home loan mila yaahaan par

Mujhe home loan chahiye tha aur yahaan par sahayta kiya inhone aur loan mila. Pehla loan tha mera lekin sab ache se ho gaya.

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Prem Prakash PandeyDec 7, 2025

Home loan here

I took home loan here and they helped me in every step specially in collecting and submitting documents at the time of approval.

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Got the best home loan interest rate

I was confused and did not have so much time to carry out all the research, so I logged in to Paisabazaar’s portal and was able to see the home loan options I was eligible for. With the assistance of Paisabazaar’s experts, I was able to find the home loan that offered the rate of interest I could afford. Thank you Paisabazaar!

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Anu BhatnagarSep 10, 2021

Excellent Home Loan Service by Paisabazaar

Ended up taking an ICICI Home Loan and I think it was one of the best decisions I ever made. I thank Paisabazaar for helping me out and answering my questions with so much patience.

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KJ ThomasSep 10, 2021

Had a great experience with Paisabazaar

I have always heard my friends talking about how tedious it was for them to avail a home loan and decide the most suitable option. But with the help of Paisabazaar, I was able to compare several home loans and opt for the one that suited my needs. I am happy that I considered Paisabazaar for helping me.

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Ritesh SharmaSep 10, 2021

quick and easy home loan process

I had never thought that applying for a home loan could be so easy. The entire process was online and I didn’t have to go anywhere for application or documentation of my home loan. Paisabazaar experts helped me navigate through the process and later the bank collected my documents and everything was quick and seamless.

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Rupanjali MishraSep 3, 2021

Satisfied experience with Paisabazaar

I am satisfied with my home loan experience with Paisabazaar. I could easily compare different home loan options and apply for the home loan. Their customer care team also called me to confirm all the details and soon after the bank contacted to take the process forward. The process was really smooth.

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