Sundaram Finance Home Loan

Home loans are a great option to secure funding to purchase a residential property, and the Sundaram Finance Home Loan is a worthwhile option. This loan facility is made available by Sundaram BNP Home Finance Limited, a trusted name in the market.

You can use the Sundaram Home Loan to purchase, construct or renovate your house. Read on to know more about the Sundaram Finance Housing Loan and how to get this facility.

Here are the details of the Sundaram Finance Home Loan:

Sundaram Finance Home Loan interest rate starts from 7.85% p.a. However, note that these rates may differ depending on various factors, which include:

• Your annual income

• Your credit score 

• Your repayment history

The processing fee to get a Sundaram Finance Housing Loan is ₹3,000 plus GST. On the other hand, you do not have to pay any fee if you decide to foreclose the loan.

Here is a table that presents the interest rates on home loans offered by partner lenders on Bajaj Markets. You can compare these with the Sundaram Finance Home Loan rate of interest.

A home loan is a major commitment as its repayment tenure can extend up to two or three decades. This requires you to make long-term financial planning. For that, you will need to know about your monthly outflow towards the Sundaram Finance Housing Loan.

The Sundaram Finance Home Loan EMI calculator allows you to determine the amount of EMI that you will have to pay. Having a clearly drawn-out amortisation schedule can help you plan your budget efficiently and streamline payments for the years to come.

When you apply for the Sundaram Finance Home Loan, you will need to submit an application form along with a few  documents. Here is the list of the Sundaram Finance Home Loan documents:

1. KYC Documents

• Aadhaar card

• Driver’s licence

• PAN card

• Passport

• Voter’s ID

• Bank Passbook

2. Proof of Income

A. Salaried

• Salary slips and bank statements from last 6 months

• Form 16 and IT returns

B. Self-employed

• GST returns of last year

• Bank statements of last 6 months

• IT returns for last 3 months

To get a home loan from Sundaram Finance, you must fulfil certain requirements set by the lender. Here are the details of the Sundaram finance home loan eligibility requirements:

• Your age must be between 18 and 65 years

• You must be employed (either self-employed or salaried)

• You must be an Indian citizen

Sundaram Finance offers varied lending options under the home loan facility. You can avail of any of the following based on your financial requirements. 

• Home Loan

• Plot Loan

• Home Improvement Loan

• Home Extension Loans

• Top Up Loans

• Take Over Loans

• Loan Against Property

You can apply for a Sundaram Finance Housing Loan online by following these simple steps:

• Visit the Sundaram Finance official website

• Select the ‘Home Loan’ from the ‘Loans’ category available on the top dashboard 

• Choose the home loan type based on your financial requirement

• Check your eligibility and open the application form

• Fill in the application form with your personal details and employment information

• Submit your application and the lender will review your request

For any Sundaram Finance Home Loan-related query or complaint, you can contact the lender on 18004197722.

In conclusion, you can apply for a home loan from Sundaram Finance if you also aspire to own a house. To get the best home loan interest rate, you can compare different lenders and offers using a home loan EMI calculator, 

Moreover, if you already have an existing home loan with higher interest rates, you can opt for a home loan balance transfer facility to shift to lower rates.