| Hero Housing Loan Interest Rate 2022 | |
| Interest Rate | 8.00% – 18.00% |
| Loan Amount | Rs. 10 lakh (minimum) |
| Loan-to-Value Ratio | Upto 90% of the property value |
| Loan Tenure | Salaried: Upto 30 years Self-employed: Upto 20 years |
| Age Limit | Salaried: Upto 65 yrs. (at the time of loan maturity) Self-employed: Upto 70 yrs. (at the time of loan maturity) |
Note: The information given in the table are indicative and are subject to change at the lender’s discretion without prior information
Hero Housing Loan Features & Benefits
The key features and benefits of the Hero Housing Loan are:
- Different home loan products for everyone
- Attractive home loan interest rate starting from 9.50%
- Loan tenure of upto 30 years
- Home loan amount starting from Rs. 10 lakh
- No pre-payment penalty for home loan availed at floating rates
- Home loan balance transfer available
Compare Hero Housing Finance Interest Rates vs Other Lenders
| Interest Rates (% p.a.) | |||
| Name of Lender | Up to 30 Lakh | Above 30 Lakh & up to 75 Lakh | Above 75 Lakh |
| Hero Housing Finance | 8.00 onwards | 8.00 onwards | 8.00 onwards |
| State Bank of India | 6.65-7.65 | 6.65-7.65 | 6.65-7.65 |
| HDFC | 7.00 – 8.15 | 7.00 – 8.40 | 7.00 – 8.50 |
| Axis Bank | 7.00-11.90 | 7.00-11.90 | 7.00-11.90 |
| ICICI Bank | 7.10-7.95 | 7.10-7.95 | 7.10-7.95 |
| Kotak Mahindra Bank | 7.00 onwards | 7.00 onwards | 7.00 onwards |
| PNB Housing Finance | 6.99-16.75 | 6.99-16.75 | 7.15-10.15 |
| Punjab National Bank | 6.95-8.35 | 6.90-8.05 | 6.90-8.00 |
| Bank of Baroda | 6.90-8.40 | 6.90-8.40 | 6.90-8.65 |
| Union Bank of India | 6.90-8.65 | 6.90-8.85 | 6.90-8.85 |
| IDFC First Bank | 7.10 onwards | 7.10 onwards | 7.10 onwards |
| L&T Housing Finance | 7.20-8.20 | 7.20-8.20 | 7.20-8.20 |
| Bajaj Housing Finance | 6.75 onwards | 6.75 onwards | 6.75 onwards |
| Godrej Housing Finance | 6.94-9.99 | 6.94-9.99 | 6.94-9.99 |
| Tata Capital | 7.15 onwards | 7.15 onwards | 7.15 onwards |
| LIC Housing Finance | 6.90-8.00 | 6.90-8.20 | 6.90-8.40 |
Check interest rates on Home Loans for other Banks and HFCs Compare Now
Hero Housing Loan Documents Required
Hero Housing Finance Home Loan Documents Required for Salaried Professionals
- Duly filled application form with passport-size photographs of all the loan applicants and co-applicants affixed.
- Cheque for processing fee favouring ‘Hero Housing Finance Ltd.’
- KYC documents:
- Proof of identity
- Proof of age
- Proof of residence
- Proof of income:
- Salary slip of last 3 months
- Form 16 of last 2 years
- Bank statements for the last 6 months reflecting salary credits
- Appointment letter with salary breakup (if current employment is less than 1 year old)
- Bank statement reflecting last 6 months EMI payment/SOA of running loans
- Property related documents:
- A copy of the Allotment Letter/Buyer Agreement/Sale Deed
- Receipts of payments made to the Builder/Developer/Seller
Note: All documents must be self-attested. The above list is indicative in nature and the lender may ask for additional documents.
Hero Housing Finance Home Loan Documents Required for Self Employed Professionals
- Duly filled application form with passport-size photographs of all the loan applicants and co-applicants affixed.
- Cheque for processing fee favouring ‘Hero Housing Finance Ltd.’
- KYC Documents (for applicants & co-applicants):
- Proof of identity
- Proof of age
- Proof of residence
- Additional KYC Documents (for companies):
- MOA and AOA of the company duly signed by authorised signatory
- Certificate of Incorporation duly signed by authorised signatory
- Latest list of Directors and Shareholders duly signed by authorised signatory
- Address proof of company duly signed by authorised signatory
- GST/Sales Tax Registration Certificate/TIN Certificate/VAT Certificate/Service Tax Certificate/TAN Certificate.
- The latest copy of the Electricity Bill (not more than 2 months old)
- Property tax bill receipt not more than 1 calendar year old from the date of issuance of the bill
- Partnership Deed in case of the business entity is a partnership firm
- Proof of income:
- Income Tax Returns along with the computation of income for the last 2 Assessment Years
- Last 3 years ITR, P&L, and Balance Sheet with Notes to accounts
- GST Return for last 1 year
- Last 6 months bank statement of all operative accounts of firm/company
- Last 6 months savings a/c bank statement of all financial applicants
- Property related documents:
- Copy of complete set of property papers including prior deeds
- Latest property tax receipt/ utility bill
Note: All documents must be self-attested. The above list is indicative in nature and the lender may ask for additional documents. The Firm/Company’s stamp must be affixed. The self-attestation must be done by authorized signatory on all firm/company documents. OSV should be done by DMA/DST/Employee on all documents.
Hero Housing Loan Customer Care Number
Customers with any query related to Hero Housing Loan can contact their customer care representatives via call. The Hero Housing Loan toll free customer care number is 1800 212 8800.
Hero Housing Loan FAQs
How much loan amount can an applicant get under Hero Housing Loan?
The minimum amount that Hero Housing Finance Ltd. offers on its home loan is Rs. 10 lakh. The loan amount that an individual will get depends on the market value of their property and loan repayment capacity.
What is the interest offered on Hero Housing Loan?
Hero Housing Finance Ltd. offers home loans starting at 9.50%.
What is the maximum repayment period of Hero Housing Loans?
The maximum loan tenure of Hero Housing Loan is 30 years for salaried professionals and 20 years for self-employed professionals.