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Disclaimer: Star Housing Finance is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Star Housing Finance for home loans. No offers/services from Star Housing Finance are being provided by Paisabazaar for home loans. For further information about Star Housing Finance for home loans, users are required to reach out directly to Star Housing Finance.
| Star Housing Finance – Highlights 2025 | |
| Interest Rate | As per the applicant’s profile and requirements |
| Loan Amount | Rs. 5 lakh – Rs. 25 lakh |
| Repayment Tenure | 5 years – 20 years |
| Processing Fees | 2.0% of the loan amount excluding taxes and incidental charges before disbursement |
Data updated as of 4 April 2025.
Star Housing Finance Interest Rates
The home loan interest rates offered by Star Housing Finance are linked to the Star Retail Prime Lending Rate (SRPLR), which in turn are dependent on various business parameters.
Star Housing Finance Processing Fees
Processing Fees: 2% + applicable GST (on the sanctioned loan amount)
Compare Interest Rates of Home Loans for Top Banks & HFCs
Types of Home Loans offered by Star Housing Finance
Below mentioned are various types of home loans provided by Star Housing Finance to meet the requirements of Economic Weaker Sections and Low-Income Groups of India:
New Purchase / Resale Home Loans: For the purchase of residential properties in various approved locations across the nation. The residential properties can be in the form of a New Home purchase or Resale Property purchase.
Construction Loans: The home loan offered can be used for the construction of homes on self-owned plots. The disbursement shall be based on the stage of construction.
Composite Loans: For the purchase of plots from individuals, builders, and society and further used for the construction of homes on owned plots. First Disbursement shall be for buying plots and subsequent based on the stage of construction.
Home Improvement / Extension Loans: For the renovation and extension of owned homes to provide better living conditions for the family. The loan offered shall be used for the extensions, renovation, repairs, and other home-related improvements.
Balance Transfer Loans: These loans can used to transfer the existing loan from another lender to Star Housing Finance and vice-versa for favorable interest rates and other financial benefits.
Satin Housing Finance Home Loan 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
Fees & Charges
| Particulars | Charges |
| Log in Charges | Rs. 5900 + GST (Non-refundable) |
| CERSAI: At the time of disbursement: Creation of Charge | Rs. 300 + GST (for loans > 5 Lacs) and;
Rs. 300 + GST (for loans < 5 lacs) |
|
Part-payment / Foreclosure Charges |
· Part- Prepayment / Foreclosure of Home Loan on Variable/ Floating Rate of Interest: No prepayment Charges.
· Part- Prepayment/ Foreclosure of Home Loan on the fixed rate of interest: No Prepayment charges, if a loan is foreclosed through its own source. · 3% +GST on principal outstanding if the loan in closed in 12 months of the first disbursement, and · 2% + GST on principal outstanding if the loan in closed after 12 months of first disbursement, if the payment is made by borrowing from a bank/HFC/NBFC and/ or a financial institution. |
| Late Payment Interest | 36% p.a. compound for no. of days delayed in PEMI / EMI payment |
| Valuation / Technical Fee | As per Actuals + GST |
| Cheque/ ECS/ACH bounce charges | Rs. 500 per instance |
| Late Payment Interest | 3% Per month compound for no. of days delayed in PEMI/EMI payment |
| Duplicate No Dues Certificate | Rs. 500 + GST |
| Cancellation Charges / Fees | Rs. 1000 + GST |
| Document Retrieval Charges | Rs. 500 + GST |
| Duplicate Annual Account Statement | Rs. 500 + GST |
| Loan Prepayment / Closure (fully) statement / SOA/ repayment Schedule Charges | Rs. 500 + GST |
| Non-Postal Stamp / Stamp Duty | As applicable law of the State |
| Non-Encumbrance Certificate / Search Report / Verification Report | As per Actuals |
| Disbursement Cheque Cancelation & Reissuance | Rs. 1000 + GST |
| Document Custodian Charges | Rs. 500 + GST per month |
Eligibility Criteria for Star Housing Finance Home Loan
As Star Housing Finance has not disclosed the role of factors like the applicant’s age, net monthly income, repayment capacity, credit score, work experience, financial stability, employment profile, etc. in determining their home loan eligibility criteria. Therefore, the housing finance company shall offer home loans considering these basic factors while evaluating the eligibility of their home loan applicants.
Documents required for Star Housing Finance Home Loan
- KYC ID Proof: PAN card, Aadhar Card, Passport, Voter’s ID, Driving License (Any 1)
- KYC Address Proof: Utility Bills (Electricity/Telephone/Gas) Ration Card, Bank Passbook, Registered Rental Agreement, Letter from Society (Any 1)
- Age Proof: PAN Card, Driving License, Passport, Age Affidavit duly signed & stamped, Birth Certificate (Govt. Agency), School Leaving Certificate (10th/12th) (Any 1)
Income Documents for Salaried
Resident Indian Salaried Individuals
- Latest Form No. 16
- Proof of savings/investments
- Last 3 months’ salary slips and last 6 months’ salary bank account statement
- Last 6 months’ other savings bank account statement
- Proof of other income (if any)
Non-Resident Indian-Salaried Individuals
- Last 6 months’ salary slips (If variable components, such as OT or incentives are reflected then 6 months’ information is required)
- Latest Employment contract (Work Permit or any other employment proof issued by the concerned Government / Employer)
- Last 6 months’ Overseas & Local Bank statements
- Last 6 months’ NRE / NRO bank statement – Copy required
- Passport copy with a valid visa
- Credit Bureau Report with credit score
- Power of Attorney (as per SHFCL format)
- Copy of Continuous Discharge Certificates
- Proof of Non-Residence and PIO (person of Indian origin)
Self-employed Non-professionals
- Copy of the last 2 years’ ITR along with computation of income, P&L, and B/S.
- Advance Tax Challan, Self-Assessment Tax paid Challan
- If salary is drawn, statement of salary along with Form no. 16 and bank statement reflecting the salary credited (if applicable)
- All Bank statements for Current & Savings accounts of the company and Self for the last 1 year
- Proof of savings or investments and statement of net worth and other income, if any
- Business profile on the letter of the company (By the Applicant.)
- Partnership Deed, MOA, AOA, auditor’s report and relevant business documents
- Shop Establishment License, VAT registration certificate or any other mandatory License or registration
- In case of a Public Limited Company – Board Resolution (if applicable)
- Details of contracts (if applicable)
Self-employed Professionals
- Last 2 years’ ITR along with computation of income, P&L, and B/S – Copy required
- All the bank statements for the current & savings accounts of the company and last 1 year for self
Advance Tax Challan / Self-Assessment Tax paid Challan
- Statement of salary along with Form no. 16 and bank statement reflecting the salary credited (if applicable), if salary is drawn
- Proof of savings/investments and statement of net worth and proof of other income, if applicable
- Business profile on the letter of the company (By the Applicant)
- MOA, AOA, Partnership Deed, Auditors Report, Relevant business documents
- Details of contracts (if applicable)
Star Housing Finance Customer Care
Helpline Number: 91-8828036610
Email: info@starhfl.com