Hinduja Housing Finance - 13.50% for Loan Against Property - Loan Against Commercial Property

Hinduja Housing Finace:

Hinduja Housing Finance offers loan against property starting from 13.50% p.a. onwards* for tenures of up to 25 years for Rs 1 crore.

The company also provides balance transfer to the existing home loan borrowers of other banks or housing finance companies.

The HFC also offers a top-up facility to its existing home loan borrowers.

Interest Rate	13.50% – 15.50% p.a.*
Processing Fee	Rs. 4,600 (including service tax) Or 1% of loan amount
Repayment tenure	Up to 25 years
Loan Amount	Up to Rs 1 crore

 

Key Features of Hinduja Housing Finance loan against property:

1. Attractive home loan options.

2. Fast & Transparent loan procedure.

3. Simplified documentation.

4. Doorstep service with fastest process.

5. Loan tenure: up to 25 years.

 

Hinduja Housing Finance Loan Against Property 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:

Hinduja Housing Finance 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:

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

 

Hinduja Housing Finance Loan Against Property:

Apply

If you want to get a housing loan from Hinduja Housing Finance, the process to get the loan is fairly easy.

All you need to do is to apply for a home loan at APNARUPEE.COM. Your loan application will be processed Hinduja Housing Finance 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 Hinduja Housing Finance.

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

 

Hinduja Housing Finance Loan Against Property 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.

 

Hinduja Housing Finance Loan Against Property Schemes:

1. New Homes

This is a regular home loan scheme offered to purchase flat, row house and bungalow from private developers in approved projects, and properties promoted by development authorities

Loan Amount: Rs 2 lakh-1 crore

Tenure: 1 year-25 years

LTV Ratio: Up to 80%

 

2. Resale Home Loans

This loan scheme is offered to applicants who want to purchase an existing Cooperative Housing Society or Apartment Owners Association or Development Authority settlements or Privately built homes

 

3. Home Extension Loans

This loan scheme is offered to both new and existing customers to modify their homes through internal and external plastering, tiling and flooring, and so on

Loan Amount: Rs 2 lakh-1 crore

Tenure: 1 year-25 years

LTV Ratio: Up to 80%

 

4. Composite Loans

This loan scheme is offered to applicants who want to purchase a land and construct house on that land

 

5. Home Improvement Loans

This loan scheme is offered to both new and existing customers for complete renovation of owned residential property, up-gradation, repair of their house/flat, external and internal repairs/paint, water-proofing and roofing, tiling and flooring, plumbing and electrical work, false ceiling and woodwork (fixed to the building), or to add space to the home

Loan Amount: Rs 2 lakh-1 crore

Tenure: 1 year-10 years

LTV Ratio: Up to 80%

 

6. Balance Transfer & Top Up

This loan scheme is offered to applicants who wish to transfer their outstanding loan availed from another bank or financial institution to Hinduja Housing Finance

Loan Amount: Rs 2 lakh-1 crore

Tenure: 1 year-25 years (for Balance Transfer)

Tenure: 1 year-20 years (for Top Up)

LTV Ratio: Up to 80% (for Balance Transfer)

LTV Ratio: Up to 50% (for Top Up)

 

Frequently Asked Questions:

Q. For buying property, what are the documents that are required?

Ans. To buy a property that has already been identified, you would need the following documents: revenue records, encumbrance certificate for the last 15 years, original title deeds, agreement for sale or construction, approved

layout/plan, etc.

 

Q. What factors determine the loan amount eligibility?

Ans. The loan amount eligibility is determined on the basis of age, income, liabilities, assets, educational background, stability and continuity of income, investments, etc. of the applicant and co-applicants

(in case of joint home loan).

 

Q. Are co-applicants allowed?

Ans. Yes, co-applicants are allowed with a maximum of 4 incomes being allowed to be clubbed.

All the co-applicants need not be the co-owners.

The spouse, parents, or children can be co-applicants or other relatives as agreed by Hinduja Housing Finance.