✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 8.50% Check Offer

Get a Home Loan from Home First Finance Company (HFFC) on Bajaj Markets and fund up to 90% of your property purchase. Borrow ₹15 Lakhs to ₹50 Lakhs at low interest rates, starting from 9.50% p.a. What’s more! You can receive the sanctioned amount within 48 hours, once your application is approved and verified.

HFFC Home Loan Interest Rates

Provided below are the interest rates and other charges associated with this home loan:

Interest Rate (Floating Rate)

9.50% p.a. onwards

Processing Charges

₹9,990 - ₹24,990 in addition to the applicable GST

Foreclosure Charges

Nil

*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.

Other Fees & Charges Related to HFFC Home Loan

Here are some additional charges to be mindful of when applying for the loan:

Penalty Interest Rate (charged on late EMI payments)

Up to 2% per month

EMI Bounce Charges

₹500 + 18% GST

Project Appraisal Charges

Up to ₹10,000 + GST

*Disclaimer: The mentioned rates are subject to change at the lender’s discretion.

HFFC Home Loan

Features and Benefits of an HFFC Home Loan

High Loan Amount

You can get a home loan of up to ₹50 Lakhs to buy your dream home

Attractive Interest Rates

Get a home loan at nominal interest rates, starting from as low as 9.50% p.a.

Auto Prepayment Facility

With this facility, you can pay an extra amount towards your principal outstanding every month and save on interest

Property Value

You can borrow amounts of up to 90% of the property value

Multiple Purposes

Use the loan amount to build a home, construct another floor, or renovate it

Eligibility Criteria for an HFFC Home Loan

Here are some important eligibility criteria you will be required to fulfil to qualify for an HFFC Home Loan:

Eligibility Criteria 

Details

Nationality

Indian, Non-Indian Resident of India (NRI), or a Person of Indian Origin (PIO)

Employment Type

Salaried or self-employed

Minimum Income

  • Salaried applicant - ₹10,000 per month

  • Self-employed applicant - ₹15,000 per month (profit after tax)

CIBIL score

750 or more

Do note that other factors like your credit history and existing financial obligations will also be considered when assessing your loan eligibility.

Documents Required for an HFFC Home Loan

You will be required to submit certain documents when applying for the loan. Here is a list of documents required for this home loan:

  • Identity Proof: Any one of the following

    • PAN card

    • Aadhaar card

    • Passport

    • Driving licence

    • Any other government-issued credentials bearing your name and photograph

  • Residence Proof: Any one of the following

    • Passport

    • Ration card

    • Aadhaar card

    • Latest utility bills

    • Rental agreement

  • Income Proof:

    • For salaried professionals: Salary slips of the last three months, latest Form 16, and income tax returns

    • For self-employed individuals: Profit and loss statements, income tax returns, and balance sheets of the last 3 years

  • Other financial documents, such as bank statements of the last six months

  • Passport-size photographs

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

Frequently Asked Questions

Is a guarantor required to get an HFFC home loan for senior citizens?

Yes, it is necessary to get a guarantor if you are a senior citizen. In any other cases, it is not mandatory to have a guarantor.

What is the minimum income required to get an HFFC Home Loan?

For a salaried employee, the required minimum monthly salary to be eligible for an HFFC Home Loan is about ₹10,000. Meanwhile, for a self-employed applicant, the minimum PAT must be around ₹15,000.

Do I get tax benefits on a Home Loan from HFFC?

Yes. Sections 24 (B) and 80 (C) of the Indian Income Tax Act of 1961 allow Indian residents to get tax benefits on the principal amount and interest payments for a home loan.

Are HFFCs home extension and renovation loans only available to its current customers, or can new customers apply for them?

Both, new and current customers of HFFC can apply for their home loans, extension loans, and renovation loans.

Is it mandatory to have an Indian residential address to get an HFFC Home Loan for NRIs?

Yes. You must have an Indian residential address to qualify for an HFFC Home Loan.

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