Hinduja Housing Finance Home Loan Highlights | |
| Interest Rate | 13.50% – 14.50% p.a. |
| Loan Amount | Up to Rs 1 crore |
| LTV Ratio | Up to 80% |
| Loan Tenure | Up to 25 years |
| Processing Fees | Rs. 4,600 (including service tax) |
| Minimum Monthly Income | For salaried individuals: Minimum: 10,000 per month For self–employed: Minimum: 1.20 lakhs per annum |
Table of Contents
Hinduja Housing Finance Home Loan Interest Rates
Hinduja Housing Finance offers home loans starting @ 13.50% p.a. The final interest rates offered to the applicants depend upon age, monthly income, job profile, employer’s income, credit score, loan repayment history, etc.
Loan to Value Ratio (LTV Ratio) of Hinduja Housing Finance Home Loans:
| Home loans of up to Rs 30 lakhs | 90% of the cost / value of the property whichever is lower |
| Home loan above Rs 30 lakhs | 80% of the cost / value of the property whichever is lower |
| Plot Loans | upto 75% of the cost / value of the property whichever is lower |
Compare Home Loan Interest Rates for Top Banks & HFCs
| Interest Rates (% p.a.) | |||
| Name of Lender | Up to 30 Lakh | Above 30 Lakh & up to 75 Lakh | Above 75 Lakh |
| Hinduja Housing Finance | 13.50 – 14.50 | 13.50 – 14.50 | 13.50 – 14.50 |
| 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 |
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Types of Hinduja Housing Finance Home Loan
New Homes
- This is a regular home loan scheme offered to purchase flat, row house and bungalow from private developers in approved projects, and properties promoted by development authorities
- Loan Amount: Rs 2 lakh-1 crore
- Tenure: 1 year-25 years
- LTV Ratio: Up to 80%
Resale Home Loans
- This loan scheme is offered to applicants who want to purchase an existing Cooperative Housing Society or Apartment Owners Association or Development Authority settlements or Privately built homes
Home Extension Loans
- This loan scheme is offered to both new and existing customers to modify their homes through internal and external plastering, tiling and flooring, and so on
- Loan Amount: Rs 2 lakh-1 crore
- Tenure: 1 year-25 years
- LTV Ratio: Up to 80%
Composite Loans
- This loan scheme is offered to applicants who want to purchase a land and construct house on that land
Home Improvement Loans
- This loan scheme is offered to both new and existing customers for complete renovation of owned residential property, up-gradation, repair of their house/flat, external and internal repairs/paint, water-proofing and roofing, tiling and flooring, plumbing and electrical work, false ceiling and woodwork (fixed to the building), or to add space to the home
- Loan Amount: Rs 2 lakh-1 crore
- Tenure: 1 year-10 years
- LTV Ratio: Up to 80%
Balance Transfer & Top Up
- This loan scheme is offered to applicants who wish to transfer their outstanding loan availed from another bank or financial institution to Hinduja Housing Finance
- Loan Amount: Rs 2 lakh-1 crore
- Tenure: 1 year-25 years (for Balance Transfer)
- Tenure: 1 year-20 years (for Top Up)
- LTV Ratio: Up to 80% (for Balance Transfer)
- LTV Ratio: Up to 50% (for Top Up)
Hinduja Housing Finance Home Loan Fees and Charges
| Particulars | Charges |
| Cheque/ ECS return | Rs. 250 + Applicable Taxes |
| Statement of account | NIL for once every year and Rs. 750 + Applicable Taxes for every additional |
| Change of repayment mode-PDC to PDC or ECS to ECS PDC/ECS to ACH | Rs. 500 + Applicable Taxes |
| EMI payment fee on account of non- submission of PDC/ECS (per transaction)/ACH | Rs. 300 + Applicable Taxes |
| Part or Full Prepayment or cancellation of loan (on Floating Rate of Interest) by non- individual Borrower(s) being applicant or co-applicant | 2% of principal prepaid + Applicable Taxes |
| Part or Full Prepayment of loan (on Fixed Rate of Interest) by individual Borrower(s) | 2% of principal prepaid + Applicable Taxes. In case of prepayment of loan is by own source (except borrowing from Bank/ HFC/ NBFC/Any Financial Institution), no fee is Applicable. |
| Part or Full Prepayment of loan (on Fixed Rate of Interest) by non- individual Borrower(s) being applicant or co-applicant | 2% of principal prepaid + Applicable Taxes |
| Loan Pre-closure statement or List of original Property documents or Photocopy of original Property documents | Rs. 1000 + Applicable Taxes |
| Processing fee | Minimum 1% of the loan applied for + Applicable Taxes. Will be adjusted in loan |
| Overdue charge | 3% per month on overdue payment |
| Recovery charges | As per actual |
| Legal and Technical charges | Rs. 5999/- part of processing fee (non-refundable) |
| Cancellation Charges for all types of loans other than loan against property | Rs. 10,000/- |
Eligibility Criteria for Hinduja Housing Finance Home Loan
- For Salaried Applicants:
- Age: Minimum Age: 21 years; Maximum Age: Retirement age at the time of loan maturity
- Experience: At least 2 years of work experience
- Minimum income limit: 10,000 per month
- For Self-Employed Applicants:
- Age: Minimum Age: 21 years; Maximum Age: 65 years of age at the time of loan maturity
- Experience: At least 3 years of business continuity
- Minimum income limit: Rs 1.20 lakhs per month
- Non-Individual Entities: Partnership Firms, Private and Public Limited Companies
- Professionals: Applicants having professional qualification and pursuing the same line of business. For instance, Doctors (MBBS), chartered accountants, cost accountants, architects, company secretary and management consultant (E.g. engineering consultant, IT consultant, marketing consultant, etc.).
Documents Required for Hinduja Housing Finance Home Loan
At the time of application:
Salaried
- Proof of Identity, Address, Age
- Bank statements for the last six months
- Last three months Salary slips / Salary Certificate
- Form16 – Income-tax deduction certificate issued by the Employer
Self – employed
- Proof of Identity, Address, Age
- Business profile
- Income Tax Returns and Tax paid challan for the last three years
- Profit & Loss Account and Balance Sheet for the last three years
- Bank Statements for the last six months
Property Documents:
- Approved plan/layout
- Agreement for sale/construction (as applicable)
- Parent document copies / originals wherever applicable
- Original title deeds
- Last 15 years Encumbrance Certificate with the record of transactions
- Revenue records like Patta, Chitta, Town Survey Extracts, property tax receipts, Adangal
Hinduja Housing Finance EMI Calculator
Home Loan EMI Calculator
₹
%
Year(s)
Home Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
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