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Disclaimer: Sundaram Home 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 Sundaram Home Finance for home loans. No offers/services from Sundaram Home Finance are being provided by Paisabazaar for home loans. For further information about Sundaram Home Finance for home loans, users are required to reach out directly to Sundaram Home Finance.
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Sundaram Home Finance Home Loan Highlights |
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| Interest Rate {Annual Percentage Rate (APR)} |
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| Processing Fees | Up to 0.75% of the loan amount with applicable GST (between Rs 5,000 to Rs 10,000 depending on the loan type and borrower profile) |
Note: Interest rates as of 10 September 2025
Table of Contents
Sundaram Home Finance Home Loan Interest Rates
Sundaram Home Loan interest rates (annual percentage rates) start from 10% p.a. The interest rates offered by the HFC for salaried and self-employed loan applicants are as follows:
| Particulars | Annual Percentage Rates (p.a.) |
| For salaried | 10.00% p.a. onwards |
| For self-employed | 10.50% p.a. onwards |
The home loan interest rate offered by Sundaram Home Finance may depend on the loan amount, credit scores, loan type, etc.
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Fees and Charges for Sundaram Home Loan
Processing Charges
The home loan processing fees and other charges for Sundaram Home Loan are as follows:
| Particulars | Rates |
| Processing charges | Up to 0.75% of the loan amount with applicable GST (between Rs 5,000 to Rs 10,000 depending on the loan type and borrower profile);
The HFC also charges upfront processing fees of Rs 2,500 |
Prepayment/Foreclosure Charges
| Particulars | Rates |
| Foreclosure charges |
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Other Charges related to Sundaram Home Loans
| Particulars | Rates |
| Cheque dishonour charges | Rs.500 + GST per instrument |
| CERSAI fee | Rs.100 + GST for each property |
| Document handling charges (If external agency is involved in registration) |
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| Documentation charges |
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| Charges on account of delayed payments or defaults |
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| Stamp duty and other charges | To be charged as per actuals (likely to vary from one state to another) |
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Types of Sundaram Home Finance Home Loan Schemes
Home Improvement Loans
Purpose: Sundaram Home Finance offers Home Improvement Loans for both existing and new applicants who wish to renovate or remodel their homes and purchase of immovable furniture and fixtures.
Tenure: Up to 15 years or till the applicant’s age of retirement, whichever is lower
Home Extension Loans
Purpose: Home loan applicants planning to add more space to their residence – be it apartment or individual tenement can avail Home Extension Loans from Sundaram Home Finance
Tenure: Up to 20 years or until the age of retirement – whichever is lower
Home Loan Top Up
Purpose: Sundaram Home Finance offers Top Up Home Loans to meet your personal commitments, gifts, holidays, or any contingencies. Borrowers can apply for top up home loan after 12 months of the final disbursement of the concerned borrower’s existing home loan and upon possession or completion of the existing financed property.
Tenure: Up to 15 years or till the applicant’s age of retirement, whichever is lower
Security: Security of the loan would be security interest on the property being financed by the HFC and/or any other collateral or interim security as may be required by the housing finance
Take Over Loans
Applicants can opt for home loan balance transfer facility or takeover loan to transfer their outstanding home loans from other bank/HFC to Sundaram Home Finance at lower interest rates. The HFC also offers Top Up loan facility.
Sundaram Home Finance Home Loan Eligibility Criteria
The home loan eligibility criteria for availing Sundaram Home Loans are as follows:
- Age: 18 to 65 years
- Indian national
- Both salaried and self-employed applicants can avail this loan
- Co-applicant: Adding a co-applicant (spouse or close family member) can help to maximise the loan amount. All co owners of the property should also be co-applicants.
Documents required for Sundaram Home Finance Home Loan
The list of documents required for availing home loan from Sundaram Home Finance are as follows:
KYC Documents
- Aadhaar Card
- Driving Licence
- PAN Card (Mandatory)
- Passport
- Voter ID Card
- Bank Passbook with photo
- Photo Credit Card
- Any other Photo ID (subject to the satisfaction of the Company)
Income documents (for salaried)
- Last 6 months’ salary slips
- Last 6 months’ bank statements, showing salary credits
- Latest Form 16 and IT returns
Income documents (for self-employed)
- Last 12 months’ GST Returns
- Last 6 months’ bank statements
- Last 3 years’ IT returns
Property documents
- For constructing your house on a plot of land:
- Original registered title deed in favour of the loan applicant
- Parent document copies* linking the chain of transactions over past 15 years
- Encumbrance certificate for at least 13 years or (for prior period)#
- Original plan approved from the competent authority & lay out Approved Plan
- Patta in your name
- Original Estimation
- For purchasing flat from builder:
- Original registered sale deed for the undivided share in favour of the customer
- Original sale and construction agreement in favour of the customer (to be registered if applicable)
- Original stamped receipt for payments made by customer to builder (difference between the total property cost and home loan amount)
- Encumbrance certificate for at least 13 years or for prior period (if applicable)#
- Parent document copies* for at least 13 years or for prior period (if applicable)
- Permission of mortgage letter by builder
- Copy of approved plan and floor plan
- Handing over the possession of flat
- Completion certificate from the builder
- For buying house/flat on resale basis:
- Original agreement of sale between customer & seller
- Original sale deed in favour of seller
- Original construction agreement in favour of the seller
- Parent documents* for at least 13 years
- Encumbrance certificate for at least 13 years#
- Patta and latest house tax receipt or EB receipt (in case of buying house for resale)
- Original stamped receipt in favour of seller
- Copy of approved plan & floor plan
- Draft sale deed
- Evidence of handing over possession by seller
- Latest property tax, water & sewerage receipt or EB in favour of seller (in case of buying flat for resale)
- Power of Attorney
* In case the parent deed is prior 13 years and covers the same extent of property owned by the vendor, then the loan applicant must submit the original prior or parent deed. #In case the parent deed is prior 13 years and covers the same extent of property owned by the vendor, then the loan applicant must submit the encumbrance certificate from the date of the original purchase or acquisition of the property. Note: Sundaram Home Finance may ask its loan applicants to submit further home loan documents based on the loan applicant’s credit profile.
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Sundaram Finance Home Loan EMI Calculator
Prospective borrowers availing housing loans from Sundaram Home Finance can use the home loan EMI calculator to know the optimal EMI and tenure before making the loan application.
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
FAQs on Sundaram Home Finance
1. What is the current interest rate for Sundaram Finance Home Loan?
Ans. Sundaram Finance Home Loan rate of interest is 10% p.a. onwards (for salaried employees) and 10.50% p.a. onwards (for self-employed individuals). However, the final interest rates offered by the lender may depend on the loan applicant’s credit score, income, market value of the home property pledged as collateral, etc.
2. How to apply for Sundaram Home Loan?
Ans. Prospective applicants can avail Sundaram Finance Home Loans either by visiting the HFC’s branch or by going to its website.
3. Does Sundaram Finance check CIBIL score for its home loan applicants?
Ans. Sundaram Home Finance has not specified whether it considers the CIBIL/credit scores of its home loan applicants while evaluating their loan applications. However, lenders usually consider their loan applicants’ credit scores while assessing their loan applications. Moreover, they usually prefer approving loan applications of those having credit/CIBIL scores of 700 and above.
4. What is the maximum loan tenure I can opt for under Sundaram Finance Home Loan?
Ans. Sundaram Home Finance has not disclosed the repayment tenure for its home loan scheme. However, lenders usually offer home loans for tenures of up to 30 years.
5. Can I transfer my house loan from another bank to Sundaram Finance?
Ans. Existing home loan borrowers of other banks/HFCs can transfer their loan to Sundaram Finance at lower interest rates using the home loan balance transfer facility. However, the home loan borrowers should have repaid at least 12 or more EMIs of their existing home loan to be eligible for exercising the balance transfer option.
6. What is the maximum limit of a Sundaram Finance Home Loan?
Ans. Sundaram Home Finance has not specified the loan amount for its home loan scheme. But home loan applicants can borrow loan amounts of up to 90% of the home property pledged as collateral for loan amounts of up to Rs 30 lakh, up to 80% of the property for loans above Rs 30 lakh and up to Rs 75 lakh & up to 75% of the property for loans above Rs 75 lakh.