Sundaram Home Finance - 9.00% for Home Loan - New Purchase Home Loan

Sundaram Home Finance Home Loan

Sundaram Home Finance is a large NBFCs with the lowest home loan percent rate in India.

Currently bank offers home loan starting from - 

For salaried: 9.00% p.a. onwards*

For self-employed: 9.00% p.a. onwards* with quick approval.

Home loan in Sundaram Home Finance is popular with its special features and attractive rates under the various Sundaram home Finance home loan schemes for different income and occupation.

 

Key features of Sundaram Home Finance Home Loans:

1. Loan available for both salaried and self-employed. Special rates for women Borrowers.

2. Borrowers within the age group of 21 and 60 years

3. Security: Mortgage of property you are planning to purchase, renovate or construct.

4. Loan to value ratio 70%

5. Loan tenure can be change from 1 to 20 years.

 

Sundaram Home Finance Home Loan Details:

Interest Rate	9.00% p.a. onwards*
Loan-to-Value Ratio	Up to 85% of the value of the property
Loan Tenure	Up to 20 years
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)

 

Sundaram Home Finance Home Loan interest depends upon:

1. Loan amount:

Sundaram Home Finance Home Loan depends upon the loan amount you apply for Higher the loan amount, lesser will be the rate.       

 

2. 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.

 

3. Type of loan opted for: 

 Sundaram Home Finance Home Loan offers differential rates for women borrowers. 

 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.

 

4. Existing bank customers:  

Sundaram Home Finance Home Loan offers one of the lowest home loan rates to its existing bank account.

 Customers in view of their past relationship with the bank.

 

Sundaram Home Finance Home Loan Processing Fee and Other Charges:

In addition to interest rates, home loan from Sundaram Home Finance Home Loan also carry some other charges which include:

1. Processing Fee:

Sundaram Home Finance Home Loan applies processing charges to account for its expenses incurred for conducting a credit appraisal and completing the lending process.

 

 2. Technical and Legal Charges:

Sundaram Home Finance Home Loan 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 Sundaram Home Finance Home Loan Bank rules.

 

 3. 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 Sundaram Home Finance Home Loan.

 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 Sundaram Home Finance Home Loan at Nil charges.

 

Sundaram Home Finance Home Loan

Apply:

Apply for an Sundaram Home Finance Loan easily on ApnaRupee.com – a channel partner for India’s top banks.
Our loan experts assist you throughout the process – from documentation to disbursal.
You can also compareSundaram Home Finance rates with other banks before choosing the best deal for your home loan needs.

 

Sundaram Home Finance Home Loan Documents:

For Salaried employees:

1. Filled up the loan application form.

2. Passport Size Photo.

3. ITR of the 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’ pays lip, 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 (upto 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

 

Sundaram Home Finance Home Loan Schemes:

1. Regular Home Loan:

This is a regular home loan scheme that is available to the all eligible salaried and self-employed individuals who need to financial support to buy a house.

This scheme can be used for:

Purchase new house/Home/apartment

Resale House/Home/Apartment

Self-Construction of an independent house.

 

2. Plot Loan:

This is scheme available to both salaried and self-employed individuals who are looking for funds to acquire the plot of their choice to construct a dream home thereon.

 

3. Take Over and Top – Up Loans:

This Scheme is available to home loan customers who wish to move their existing home loan account from another HFC to Sundaram Home Loan Finance.

Additional Top up loan available under this scheme.

 

4. Affordable Housing Loan:

This scheme is offered under NHBs Affordable housing Fund scheme.

Through this, customers can available to reduce the interest rate fixed for seven years and enjoy incredible savings on the home loan.

 

5. Pradhan Mantri Awas Yojana (PMAY):

It is government scheme to launch to provide housing to all urban and rural poor across the India.

Under this scheme government offers the interest subsidy of up To Rs.  2.67 lakh on home loans to availed to buying, Constructing and renovating homes.

Sundaram Finance Extends affordable housing benefits for Pradhan Mantri Awas Yojna Credit Linked Subsidy Scheme (PMAY CLSS) to all the customers are eligible for this scheme.

 

Frequently Asked Questions:

Q. What are the documents are required for home loan Sundaram Home Finance?

Ans. To apply for Sundaram Home Finance Home Loan, you are required to submit Sundaram Home Finance home loan documents such as application form with attested photographs along with various other documents such as identity proof, bank statement and resident proof , property papers and loan account statements if any.

 

Q. Which is the best Sundaram Home Finance home loan scheme?

Ans. Choosing the best Sundaram Home Finance home loan scheme is subjective to the requirement of the home loan applicant.

For an instant there are different home loan offers for the purchase, construction, and renovation a home.

Thereby choosing the best Sundaram Home Finance loan scheme is based on one’s needs.