Edelweiss Housing Finance - 9.00% for Home Loan - New Purchase Home Loan

Nido Home Finance (Formely Edelweiss Housing Finance)

Edelweiss is a large HFC with the lowest home loan percent rate in India.

Currently the bank offers the home loan starting from the 9.00% Onwards* with the quick approval and easy process.

Edelweiss is a quite popular with its special features and attractive interest rates under the various Edelweiss home loan schemes for different income and occupation groups.

 

Home Loan Details

Interest Rate	9.00% Onwards*
Tenure	Between 10 years – 20 years
Processing Fee	Up to 2% of Loan Amount plus applicable taxes
Interest rate linked to	PLR

 

Some of the key features of Edelweiss bank Home loan

Loan available for both salaried and self-employed.

Special offers for women’s borrowers.

Loan to value ratio 80%.

Loan tenure range can be 10 to 20 years.

Interest rate in the range of 10.50% Onwards*

 

Edelweiss Home Loan Interest rate depends upon:

1. Your Salary:

Income helps you in identifying your rate of interest.

Bank's rate varies with your monthly income. Higher the income, lesser will be the rate

 

2. Type of loan opted for:

Edelweiss also offers differential rates for women borrowers and also under their fixed and floating rate schemes.

The rate of interest may be higher or lower under their special or popular loan product offers.

 

3. Existing bank customers:

Edelweiss offers one of the lowest home loan rates to its existing bank account customers in view of their past relationship with the bank.

 

Edelweiss Home Loan Processing Fee and Other Charges:

In addition to interest rates, home loan from Edelweiss also carry some other charges which include:

 

Processing Fee -

Edelweiss applies processing charges to account for its expenses incurred for conducting a credit appraisal and completing the lending process.

 

Technical and Legal Charges -

Edelweiss also charges technical and legal charges which are explained to the customer during the loan process.

Once you go through the loan application process, you will need to pay these charges based on Edelweiss rule.

 

Prepayment Charges-

If you decide to foreclose or transfer your housing loan to another bank, you need to submit an application for the same to Edelweiss.

As per RBI rules, banks are not allowed to charge prepayment penalty on floating rate home loans. Hence, you can prepay your home loan with Edelweiss at Nil charges.

 

Edelweiss Home Loan:

Apply:

If you want to get a home loan from

Edelweiss Home Loan, the process to get the loan is fairly easy.

All you need to do is to apply for a home loan at  Apnarupee.com.

We are a channel partner of all top banks in India including HDFC, SBI, Axis Bank,Edelweiss Bank.

Your loan application will be processed online and Edelweiss Home Loan’s representatives will get in touch to begin the process of getting a home loan.

You will also be assisted by Apnarupee.com housing loan advisor to ensure that all the lending process is smooth, quick and you get the best house loan from Edelweiss Home Loan.

You can also do a comparison of Edelweiss Home Loan’s Interest rates and other charges using Apnarupee.com comparison tool.

 

Edelweiss Home Loan Documents:

For Salaried employees:

1. Filled up loan application form.

2. Two 2 Passport Size Photo.

3. ITR of last 2 years.

4. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

6. Income Documents – 6 months’ pay slip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit.

7. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for

Construction/ extension.

 

For Self-Employed:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

4. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport

5.Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of

business existence and business profile

6. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

Types of Edelweiss Home Loan

To provide easy and effective housing finance services to all kinds of potential borrowers, Edelweiss has various types of home loans.

 

1. Home loan: 

This scheme of taking loan can be availed by salaried as well as self-employed individuals to buy or built their dream house.

Under this loan type, money can also be borrowed to make improvement or repair an existing property.

Loan amount is decided considering the applicant’s eligibility.

 

2. Loan against property:

As the name suggests, it’s an Edelweiss loan type that can be availed by making use of real estate asset to make necessary changes in an existing property.

Through this loan product, applicants can have quick funds which they can return in a flexible tenure of 15 years.

 

3. Loan Top-up: 

If you already have taken home loan but still need more money, then Edelweiss gives you financial help through its top-up service.

Availing this scheme, you can borrow some amount which is added to your existing loan.

 

Frequently Asked Questions:

Q. Does Edelweiss Housing Finance provide a fixed rate of interest or a floating rate?

Ans. The rate of interest is fixed for the loan’s tenure.

 

Q. What is the quantum of loan offered by EHFL?

Ans. The quantum of loan depends on various factors such as your age, income, qualifications, assets, liabilities, continuity and stability of occupation or income, spouse’s income, number of dependents, value of the property

that is selected, etc.

 

Q. Should I provide collateral or security for the loan?

Ans. Yes, the collateral or security for the loan is the first mortgage of the financed property by depositing the title deeds with Edelweiss Housing Finance Limited.

 

Q. Is there a way to improve my eligibility for the loan?

Ans. Yes, you can improve your eligibility by:

Including income from any additional sources such as your rental, freelance projects, business, etc.

Including a co-applicant who is a close relative with a regular source of income.