Svatantra Micro Housing Finance Home Loan

Disclaimer: Svatantra Micro 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 Svatantra Micro Housing Finance for home loans. No offers/services from Svatantra Micro Housing Finance are being provided by Paisabazaar for home loans. For further information about Svatantra Micro Housing Finance for home loans, users are required to reach out directly to Svatantra Micro Housing Finance.

Svatantra Micro Housing Finance Home Loan Highlights – 2025
Interest Rate	14.75% p.a. onwards
Loan Amount	Up to Rs 25 lakh
Tenure	Up to 20 years
Processing Fees	2%-3% of loan amount + GST
Loan to Value	Up to 85%

Rates as of 8 April 2025

Svatantra Micro Housing Finance Home Loan Interest Rates

 

Loan Type	Interest Rate (p.a.)
Home Purchase Loan	14.75% onwards
Self-construction Loan	14.75% onwards
Home Extension Loan	14.75% onwards
Home Renovation Loan	14.75% onwards
Home Loan Balance Transfer	14.75% onwards
Plot Purchase Loan	14.75% onwards

Types of Svatantra Micro Housing Finance Home Loans

Svatantra Home Purchase Loan

Purpose: Svatantra Micro Housing Finance offers Home Purchase Loans to acquire houses in  affordable housing projects including private projects, under construction properties, government projects and resale properties.

Loan Amount: Up to Rs 25 lakh

LTV Ratio: Up to 85% of property value

Tenure: Up to 20 years

Svatantra Self Construction Loan

Purpose: Consumers can avail Svatantra Self Construction Loan for constructing house on the plots owned by them.

Loan Amount: Up to Rs 25 lakh

LTV Ratio: Up to 85% of property value

Tenure: Up to 20 years

Svatantra Home Extension Loan

Purpose: Svatantra Housing Finance offers Home Extension Loan for making structural changes in the existing property, such as addition of an extra bedroom or extending a terrace.

Loan Amount: Up to Rs 25 lakh

LTV Ratio: Up to 85% of property value

Tenure: Up to 20 years

Svatantra Home Renovation Loan

Purpose: Svatantra Home Renovation Loan is offered for renovating the existing property, such as painting, tiling, flooring, plumbing, sanitary work and waterproofing.

Loan Amount: Up to Rs 5 lakh

LTV Ratio: Up to 80% of property value

Tenure: Up to 10 years

Svatantra Home Loan Balance Transfer

Purpose: Existing home loan borrowers of other banks and HFCs can avail Svatantra Home Loan Balance Transfer facility for transferring their existing home loans to Svatantra Housing Finance at lower interest rates.

Loan Amount: Up to Rs 25 lakh of property value

LTV Ratio: Up to 85%

Tenure: Up to 20 years

Svatantra Plot Purchase Loan

Purpose: Consumers can avail Svatantra Plot Purchase Loan for buying residential plots in SMHFCL approved Government or private sector projects.

Loan Amount: Up to Rs 20 lakh

LTV Ratio: Up to 80%

Tenure: Up to 15 years

Svatantra Housing Finance Home Loan Fees and Charges

Particulars	Charges
Processing Fee	2%-3% of loan amount + GST
Prepayment Charges	NIL
Cheque Bounce Charges	Rs 500
Statement Charges	Soft Copy- Free of Cost 24/7 Hard Copy- Rs 500
Cheque Handling Charges	Rs 150
Cash Handling Charges	Rs 300
Late Payment Charges	2% per month on the amount due
Document Retrieval Charges	Rs 500 per document or Rs 1,000 for all documents
List of Documents/Foreclosure Letter Charges	Rs 500

Also Check: Home Loan EMI Calculator

Eligibility Criteria for Svatantra Housing Loan

Svatantra Micro Housing Finance has not disclosed the home loan eligibility criteria for its applicants. However, the eligibility of Svatantra home loan applicants depends on their repayment capacity, credit history, income stability and positive verification.

Svatantra Housing Home Loan Documents Required

Svatantra Micro Housing Finance has not mentioned the documents required for availing home loans. However, the lender may consider the following documents while applying for Svatantra Micro Housing Finance Home Loan.

• Identity Proof- Aadhaar card, PAN card, passport, driving license, voter ID
• Address Proof- Aadhaar card, PAN card, utility bills, voter ID, passport
• For salaried- Salary slip for last 3 months, ITR/Form 16, bank account statement for last 6 months
• For self-employed- ITR with income computation for past 3 years of both individual and business entity duly attested by a CA, balance sheet and P&L statement for last 3 years, with schedules and annexures

FAQs on Svatantra Micro Housing Finance Home Loan

1. What is the current home loan interest rate offered by Svatantra Micro Housing Finance?
Ans. Svatantra Micro Housing Finance offers home loan interest rates starting from 14.75% p.a. onwards depending on the credit profile of its applicants.

2. How can I apply for Svatantra Micro Housing Finance home loan?
Ans, You can apply for Svatantra Micro Housing Finance home loan either through the official website of the HFC or by visiting any branch of the bank. Applicants should also visit online financial marketplaces like Paisabazaar.com to compare the home loan offers provided by various lenders.

3. What are the home loan prepayment charges levied by Svatantra Micro Housing Finance?
Ans. Svatantra Micro Housing Finance does not levy any charges on prepaying home loans.

4. What is the maximum home loan amount available from Svatantra Micro Housing Finance?
Ans. Svatantra Micro Housing Finance claims to offer a maximum loan amount of Rs 25 lakh to its home loan applicants.

5. What is the minimum credit score required to avail Svatantra Home Loan?
Ans. Svatantra Micro Home Finance has not specified the minimum credit score required for availing home loans. However, applicants having credit scores of 700 and above usually have higher chances of availing home loans.