Suryoday Small Finance Bank Home Loan

Suryoday Small Finance Bank Home Loan Highlights 2023
Interest Rate	10.5% to 16% p.a. onwards
Loan Amount	Up to Rs 1 crore
Loan Tenure	Up to 20 years
Processing Fees	1% – 2% plus GST

Note: Interest rates as on 30th November 2023

Suryoday Small Finance Bank Home Loan Interest Rates

Suryoday Small Finance Bank Home Loan interest rates range between 10.50% and 16% p.a. While Suryoday Bank has not disclosed offering differential interest rates for its home loan applicants based on their credit scores, income, occupation profile, EMI/NMI ratio, etc., most lenders decide their home loan interest rates based on the above mentioned criteria.

Compare Interest Rates on Housing Loans for Top Banks and /HFCs

Name of Lender	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI	8.40% - 10.15% p.a.	8.40% - 10.05% p.a.	8.40% - 10.05% p.a.
HDFC Bank Limited	8.35% p.a. onwards	8.35% p.a. onwards	8.35% p.a. onwards
LIC Housing Finance	8.40% – 10.35% p.a.	8.40% – 10.55% p.a.	8.40% – 10.75% p.a.
ICICI Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards
Kotak Mahindra Bank	8.70% p.a. onwards	8.70% p.a. onwards	8.70% p.a. onwards
PNB Housing Finance	8.50% - 14.50% p.a.	8.50% - 14.50% p.a.	8.50%-11.45% p.a.
Punjab National Bank	8.45%-10.25% p.a.	8.40%-10.15% p.a.	8.40%-10.15% p.a.
Bank of Baroda	8.40% - 10.65% p.a.	8.40% - 10.65% p.a.	8.40% - 10.90% p.a.
Union Bank of India	8.40% – 10.80% p.a.	8.40% – 10.95% p.a.	8.40% – 10.95% p.a.
IDFC First Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards
L&T Finance Limited	8.60% p.a. onwards	8.60% p.a. onwards	8.60% p.a. onwards
Bajaj Housing Finance	8.50% p.a. onwards	8.50% p.a. onwards	8.50% p.a. onwards
Tata Capital Housing Finance	8.70% p.a. onwards	8.70% p.a. onwards	8.70% p.a. onwards
Federal Bank	8.80% p.a. onwards	8.80% p.a. onwards	8.80% p.a. onwards

Fees and Charges for Suryoday Small Finance Bank Home Loan

Suryoday Home Loan Processing fees

Particulars	Rates
Processing fees	1% – 2% plus GST

Suryoday Small Finance Bank Home Loan Prepayment / Foreclosure charges

Particulars

Rates

Prepayment / Foreclosure charges

For individuals Home loans availed at floating interest rates: Nil Home loans availed at fixed interest rates: 4% plus applicable taxes (on prepayment/foreclosure within 36 months) 2% plus applicable taxes (on prepayment/foreclosure after 36 months) For non-individuals Home loans availed at floating interest rates: 4% plus applicable taxes (on prepayment/foreclosure within 36 months) 2% plus applicable taxes (on prepayment/foreclosure after 36 months) Home loans availed at fixed interest rates: 4% plus applicable taxes (on prepayment/foreclosure within 36 months) 2% plus applicable taxes (on prepayment/foreclosure after 36 months)

Other Charges related to Suryoday Small Finance Bank Home Loans

Particulars	Rates
Handling / Admin charges	Rs 5,000 plus GST
Mortgage charges	Actuals
Stamp duty charges	Actuals
Late payment fee	36% p.a.
Cheque return / SI return / NACH return charges	Rs 500 per instance
Cheque pick up charges	Rs 100 per visit
Copy of Property Documents	Rs 1,000 per instance
Swapping / Security Cheques / NACH / Replacement of UDCs	Rs 1,500 per instance
Duplicate statement charge	Rs 200 per instance
Reissuance of DD / PO	Rs 200 per instance
Duplicate certificate or interest paid certificate	Rs 500 per instance
Copy of credit information obtained from CIBIL	Rs 100 per instance

Eligibility Criteria for availing Suryoday Small Finance Bank Home Loan

Salaried individuals, self-employed professionals and self-employed non-professionals are eligible for availing Suryoday Small Finance Bank Home Loans. Ensure to check the home loan eligibility criteria set by top banks or HFCs before making the home loan application.

Documents required for Suryoday Small Finance Bank Home Loan

Although Suryoday Small Finance Bank has not provided the list of documents required for home loans, lenders usually require their loan applicants to submit the following home loan documents:

• Proof of Identity (any one): PAN Card, Driving Licence, Voter’s ID Card, Aadhaar Card, etc.
• Proof of Residence (any one): Ration Card, Bank Passbook, Passport, Voter’s ID, Utility bills (telephone / electricity / water / gas), etc.
• Proof of Age (any one): Aadhaar Card, Birth Certificate, Passport, bank passbook, etc.
• Proof of Income (for salaried): Form 16, Increment/Promotion letter, certified letter from Employer, Last 3 years IT returns, payslip of last 3 months, etc.
• Proof of income (for self-employed): Income Tax Returns of last 3 years, Balance Sheet and P&L account statement of the company/firm (duly attested by a C.A.), professional practice licence (for doctors, consultants, etc.), details of business licence, etc.
• Proof of business address
• Property documents: Receipts of payments made to the developer (in case of a new house), a copy of the sale agreement (if already executed), title deeds of the plot (in case of house construction), receipt of initial payment made to the house seller, detailed estimate of house construction by an architect or civil engineer, copy of the plans approved by local authorities
• Other documents: Proof of own contribution, last 6 months’ bank statements showing repayment of ongoing loans (if any), details of any ongoing loans of individual/business entity, processing fee cheque in favour of home loan lender
• Partnership Deed (in case of a partnership firm)
• Additional documents for self-employed: Form 26 AS (latest), business profile, list of directors and shareholders with details of individual shareholding certified by CA / CS (if the business entity is a company)
• Articles of Association (AOA) and Memorandum of Association (MOA) of the Company

Note: The list of documents for home loans mentioned above is indicative. Suryoday Small Finance Bank may ask for additional documents from its loan applicants based on their profile.