Hero Housing Finance

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

Hero Housing Finance Ltd. offers different home loan schemes customised to suit varied home loan requirements of its customers. Some of them are discussed below:

Home loans are expensive as they involve a huge sum of money usually going upto lakhs and even crores. Also, their repayment period is quite long going upto 30 years. To avoid late payments and defaults, it is important for customers to assess their finances beforehand. Doing so will help you know whether you can afford the loan EMIs or not. To make home loan Emi calculations easier and quick, use Paisabazaar.com’s Home Loan EMI Calculator. It is an online tool that helps you know the approximate home loan EMI value. The results are dependent on the information you provide.

To know your home loan EMI in just a few seconds, follow these steps.

• Click here to start calculating your home loan EMI
• Enter the these values – Loan Amount, Loan Tenure and Interest Rate
• Once you enter the values, the results will appear

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 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 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.
  • Latest copy of 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 bill
  • Partnership Deed in case of the business entity being 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.

How to apply for Hero Housing Loan online?

You can apply for Hero Housing Loan online at Paisabazaar.com by following the steps as follows:

• Click here to start with the home loan application process
• Provide the required information
• A few eligible home loan options will appear.
• Compare and apply for a home loan which suits your requirements the best

On successful loan application, customers receive a call from our executives and guide them through the loan procurement process.

An alternative method to apply for Hero Housing Loan online is via the lender’s website.

How to apply for Hero Housing Loan offline?

Customers can apply for Hero Housing Loan offline by visiting the nearest Hero Housing Finance branch.

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.

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.