Hero Housing Finance - 9.50% for Home Loan - Resale Property Home Loan

Hero Housing Finance Home Loan:

Hero Housing Finance Ltd., a subsidiary of Hero FinCorp, offers a spectrum of housing loans to its customers pan India. Its home loan interest rate start from 10.00% p.a.*

Customers can avail home loan from the housing finance company to finance new ready to movie-in or under construction residential property.

The loan can also be used to fund home construction, improvement and expansion of the existing home. 

Interest Rate	9.50% p.a.*
Processing Fee	Initial Processing Fees- Up to Rs 5,000
Loan Amount	Rs. 10 lakh (minimum)
Loan Tenure	Salaried: Up to 30 years Self-employed: Up to 20 years
Loan-to-Value Ratio	Up to 90% of the property value

 

Key Features of Hero Housing Finance Home Loan:

1. Attractive home loan options.

2. Balance transfer facility.

3. Simplified documentation.

4. Doorstep service with fastest process.

5. No hidden charges

 

Hero Housing Finance Home Loan Interest 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:

Hero Housing Finance Home Loan 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:

Hero Housing 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.

 

Hero Housing Finance Home Loan:

Apply

If you want to get a housing loan from Hero Housing Finance 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 etc.

Your loan application will be processed Hero Housing Finance home loan 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 Hero Housing Finance Home Loan.

You can also do a comparison of Hero Housing Finance Home Loan Interest rates and other charges using APNARUPEE.COM comparison tool.

 

Hero Housing Finance Home Loan Documents:

For Salaried employees:

1. Filled up loan application form.

2. Two 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 Hero Housing Finance Home Loans:

Purchase of new property

Renovation or Extension

Balance Transfer

Self-Construction

Plot Purchase(Development Authority)

 

Frequently Asked Questions:

Q. Who can be a co-applicant for my housing loan?

Ans. Any immediate family member – your parents, spouse, earning children, or siblings – is permitted to be a co-applicant for a loan.

Adding a co-applicant will increase your loan eligibility as the income of the co-applicants will also be considered while determining the eligible loan amount.

 

Q. How do I increase my eligibility for the loan?

Ans. You can increase your eligibility by any one or more of the following ways: adding a co-applicant, declaring other sources of income, repaying all your existing loans, or even by opting for a longer tenure.

 

Q. Is property chain required for the home loan?

Ans. Yes, property chain of 13 years is required for the home loan.