Truhome Finance Home Loan

The lender usually considers the applicant’s age, credit score, net monthly income, repayment capacity, job profile, debts, etc. before setting the home loan interest rates.

Find below various types of home loan products offered by Truhome Finance for its customers to meet all of their housing needs:

Home Loan

Purpose: Truhome Finance offers home loans for the purchase of new homes.

Interest Rate: 8.50% p.a. onwards

Loan Amount: Rs. 7.5 lakh- Rs 1 crore

Maximum loan: Up to 90% of the Property Value

Repayment tenure: From 12 months to 25 years

Processing Fees: Up to 1.5% of the Loan Amount + GST

Prepayment Charges: Nil for individual borrowers

Home Extension / Improvement

Truhome Finance offers home loans for home extension, renovation and improvement purposes, such as expanding or upgrading existing homes. The loan details of home loans offered for home extension or improvement remains the same, as for basic home loan as stated above.

The Home Extension Loan’s eligibility as required by Truhome Finance is usually based on factors, such as the applicant’s age, his/her retirement age, credit score, income, employment status, tenure, etc. The home extension loan can be availed by salaried individuals with age up to 60 year and 65 years for self-employed.

Loan for Plot Purchase and Construction

Purpose: It helps borrowers in acquiring a plot of loan on which they can build their homes.

Loan Details:

Interest Rate: 9.50% p.a. onwards

Maximum Loan: Up to 75% of the estimated plot purchase and construction cost

Loan Amount: Rs. 1 lakh - Rs. 10 crore

Repayment Tenure: Up to 25 years

Processing Fees: Up to 2% of the loan amount + GST

Pre-payment / Foreclosure Charges: Nil, in case of Floating Interest Rates

Top-up Home Loan

Purpose: To meet the urgent home related requirements for existing homes.

Loan Details:

Interest Rate: 8.50% p.a. onwards

Loan Amount: Rs. 7.5 lakh - Rs. 1 crore

Repayment Tenure: Maturity as per the parent loan

Processing Fees: Individual Borrowers (on floating rate of interest) - Nil

Fixed Rate: 6% + applicable taxes of the principal amount paid through a Balance Transfer

Eligibility Criteria for Top-up loan

Home Loan Balance Transfer

Loan Details:

Interest Rate: 8.50% p.a. onwards

Loan Amount: Up to 90% of the property cost

Repayment Tenure: Up to 25 years

Processing Fees: Up to 2% of the loan amount + GST

Pre-payment / Foreclosure Charges: Nil, in case of floating interest rates

Truhome Finance home loan eligibility depends on various factors, including applicant's age, tenure, income, employment status, retirement age, credit score, etc. The home loan eligibility criteria set by the Truhome Finance for its home loan applicants is mentioned below:

Eligible Entities: Salaried individuals, Self-employed Professionals/Non Professionals and Non-Individual entities

Age: For salaried: Up to 60 years and up to 70 years for Self-Employed Individuals at the time of loan maturity

Occupation: Salaried and Self-employed Individuals

Citizenship: Indian citizen residing in India

Below-mentioned are the home loan documents required by Truhome Finance from its home loan applicants:

For Salaried Individuals:

For Self-employed Individuals:

The KYC documents, mandatory document, and ID and address proof documents remain the same, as required for the salaried individuals. However, the income proof shall differ that are mentioned below for self-employed individuals:

Truhome Finance Customer Care

Toll-free number: 1800-102-4345

Email: contact@truhomefinance.in